New York, NY, Aug. 10, 2018 (GLOBE NEWSWIRE) -- 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 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.
Browse through 68 Tables & 20 Figures spread over 110 Pages and in-depth TOC on “Global Surgical Stapling Devices Market: By Type, Size, Share, Trends and Forecast, 2017 - 2024”.
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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.
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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.
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
Based on the end user, surgical stapling devices market is classified into hospitals, ambulatory surgical centers, and others.
North America represents a developed regional market for surgical stapling devices market and is expected to see the rapid growth in the years to come. Lifestyle-Related diseases such as obesity are high in this region. It creates rising demand for the surgical staples as treatments for these diseases include bariatric and endoscopic surgeries.
Europe was the second largest regional market and is expected to show significant growth in the years to come. This growth is primarily driven by the acceptance of advanced product innovations and technically advanced equipment of surgical staples.
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Asia Pacific market is much smaller market compared to the above-developed markets but has the potential for growth in the region due to the presence of a huge target patient pool requiring minimally invasive (MI) and other laparoscopic surgeries.
In the Middle East & Africa; African region is projected to register moderate growth rate due to lack of awareness. Latin America is another important regional market and is expected to experience moderate growth over the forecast period. Thus, all the above-mentioned parameters are expected to push the market growth in this region.
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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.
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This report segments the global surgical stapling devices market as follows:
Global Surgical Stapling Devices Market: By Product Type
Global Surgical Stapling Devices Market: By Usage
Global Surgical Stapling Devices Market: By Type of Stapling
Global Surgical Stapling Devices Market: By Surgical Indication
Global Surgical Stapling Devices Market: By End User
Global Surgical Stapling Devices Market: By Region
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