Global Surgical Stapling Devices Market Set for Rapid Growth, to Reach around USD 6.40 billion by 2024

25-Jul-2018 | Zion Market Research

Zion Market Research has published a new report titled “Surgical Stapling Devices Market by Product Type (Powered Surgical Stapling Device and Manual Surgical Stapling Device), By Usage (Disposable Surgical Stapling Device and Reusable Surgical Stapling), By Type of Stapling (Straight Stapling, Curved Stapling, and Circular Stapling), By Surgical Indication (Skin, Digestive Tract, Blood Vessels, Hernia, Lung and others), and By End-User (Hospitals, Ambulatory Surgical Centers and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global surgical stapling devices market was valued at approximately USD 3.83 billion in 2017 and is expected to generate revenue of around USD 6.40 billion by end of 2024, growing at a CAGR of around 7.60% between 2018 and 2024.

Surgical staplers are medical devices that have a number of applications in the medical field. They are used in thoracic, gastrointestinal, gynecologic, and many other surgeries such as to remove part of an organ (resection), to cut through organs and tissues (transaction) and to create connections between structures (anastomoses). According to the Centers for Disease Control and Prevention (CDC), in the U.S, about 78 million people are obese and the American Society for Metabolic and Bariatric Surgery (ASMBS) estimates about 24 million people have severe obesity. Growing prevalence of obesity and increasing geriatric population will require more surgical procedures which will anticipate fueling the growth of the global surgical stapling devices market.

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Browse the full "Surgical Stapling Devices Market by Product Type (Powered Surgical Stapling Device and Manual Surgical Stapling Device), By Usage (Disposable Surgical Stapling Device and Reusable Surgical Stapling), By Type of Stapling (Straight Stapling, Curved Stapling, and Circular Stapling), By Surgical Indication (Skin, Digestive Tract, Blood Vessels, Hernia, Lung and others), and By End-User (Hospitals, Ambulatory Surgical Centers and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/surgical-stapling-devices-market

Global Surgical Stapling Devices Market

Global surgical stapling devices market is primarily driven by growing bariatric procedures. Another driving factor is the implementation of advanced technology for conducting endoscopic operations. 

However, the high cost of the surgical staples and the availability of other wound care techniques are the major restraints that may limit the growth of the market. 

The application of stapling in medical procedures has steadily moved from open surgery to endoscopic surgery, which is further expected to propel the market growth of surgical stapling devices market in the near future.

The surgical stapling devices market is segmented on the basis of product type including powered and manual surgical stapling device. Due to the improved features and rising need for wound management demand for powered surgical stapling devices are extended.

Based on usage, surgical stapling devices market is classified into the disposable surgical stapling device and reusable surgical stapling device. Reusable staples create less surgical waste than that of disposable staples, but for the sterilization purpose, a large amount of energy is required.

Based on the surgical indication, surgical stapling devices market is classified into the skin, digestive tract, blood vessels, hernia, lung, and others.

Based on the end user, surgical stapling devices market is classified into hospitals, ambulatory surgical centers, and others.

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are key regional segments of global surgical stapling devices market. North America is anticipated to remain the leading region over the forecasted period followed by Europe. The region boasts a growing geriatric population and escalating demand for advanced medical technology. The Asia Pacific is expected to be the growing market in surgical stapling devices market during the forecast period. Moreover, the Middle East and Africa and Latin America are also expected to show moderate growth for this market in the years to come.

Some of the key players in surgical stapling devices market Zimmer Biomet, Covidien (Medtronic plc), United States Surgical Corp, Ethicon Endo-Surgery, Inc., Intuitive Surgical, Inc., Cardica, Inc., Conmed Corporation, Stryker Corporation, Smith & Nephew plc, and CareFusion Corporation.

This report segments the global surgical stapling devices market as follows:

Global Surgical Stapling Devices Market: By Product Type

  • Powered Surgical Stapling Device
  • Manual Surgical Stapling Device

Global Surgical Stapling Devices Market: By Usage

  • Disposable Surgical Stapling Device
  • Reusable Surgical Stapling Device

Global Surgical Stapling Devices Market: By Type of Stapling

  • Straight Stapling
  • Curved Stapling
  • Circular Stapling

Global Surgical Stapling Devices Market: By Surgical Indication

  • Skin 
  • Digestive Tract 
  • Blood Vessels 
  • Hernia 
  • Lung 
  • Others

Global Surgical Stapling Devices Market: By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Global Surgical Stapling Devices Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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