Surgical Stapling Devices Market Size Worth Around US $8.5 billion by 2026: Acumen Research and Consulting


Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Surgical Stapling Devices Market (By Product: Powered, Manual; By End Use: Hospitals, Ambulatory Centers; By Type: Reusable, Disposable) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.

LOS ANGELES, April 03, 2019 (GLOBE NEWSWIRE) -- The worldwide Surgical Stapling Devices market is registered to grow with 8.4% CAGR between the year 2018 to 2026 and the market is estimated to hit USD 8.5 billion by 2026.The factors such as increasing awareness about the Surgical Stapling Devices and its applications is anticipated to boost the market growth. Also, the introduction of powered surgical devices and increasing need for tissue & wound management is expected to further drive the market.

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Surgical stapling devices market is segmented on the basis of end use, product, type, and region. Based on end use the market is segmented in hospitals, and ambulatory centers. Considering the product the market is segmented into Powered and Manual. Based on type the market is bifurcated into Reusable and Disposable. On the basis of region the global surgical stapling devices market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.

The global rise in obese population is expected to be one of the key factor boosting the adoption of surgical stapling devices. For example, according to WHO, in 2016, over 650 million were obese among more than 1.9 billion adults, 18 years and older.

The demand for electrosurgical devices is expected to increase over forecast period due to the addition of new technologically advanced devices such as bio welding and cold plasma. These devices are used in sealing wounds without scars or stitches. Also the demand for surgical stapling devices is foreseen to be one of the most emerging medical devices as they are anticipated to emerge as an alternative to sealants and sutures. The manufacturers of surgical stapling devices are currently facing an increasing demand for these devices. The factors such as rising awareness about the availability of advanced medical solutions such as surgical stapling devices and its usage is expected to drive the market growth over forecast period. Also, increasing health care expenditure in emerging economies in Asia Pacific, Middle East, and others is likely to boost the surgical stapling devices market.  The other factors such as implementation of advanced technologies to perform endoscopic procedures and rise in bariatric procedures are expected to boost the demand for these stapling devices from hospitals and other healthcare services providing organizations.

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The North America and Europe region are dominating the global surgical stapling devices and are likely to retain their position over forecast period. Being the quick adopter of new technologies in healthcare sector, the North America region is holding a lion’s share in the overall market in terms of revenue in 2017. The rise in bariatric surgeries, introduction of powered staples, and growing need for tissue and wound management is expected to fuel the demand for surgical stapling devices in this region over forecast period. Asia Pacific region is anticipated to register highest CAGR growth rate over forecast period due to the increasing expenditure by healthcare service providers on delivering an improved healthcare solutions to their patients. The rapid changes in lifestyle and increasing disposable incomes resulting into increasing diseased population and this is expected to create an immense scope for growth of this market in this region. Also, the increasing number of patients is leading to increase in the surgical operation and hence expected to drive the surgical stapling devices market. The Europe region is second largest market for surgical stapling devices following North America. European countries are also some of the early pioneer countries in terms of adopting technically advanced equipment and this factor is boosting the growth of surgical stapling devices and hence driving market growth.

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The players involved in global stapling devices market includes Zimmer Holdings, Inc., Conmed Corporation, Smith & Nephew plc, Cardica, Inc., Ethicon, Inc., Stryker Corporation, and Covidien plc (Medtronic plc), CareFusion Corporation, Alcon Laboratories Inc., and others. Currently, Ethicon, Inc., Stryker Corporation, and Covidien plc (Medtronic plc) are dominating the market in terms of revenue generation from the sale of surgical stapling devices at international level. These leading players present in the surgical stapling devices market are currently undergoing rapid product innovations and focusing on entering in untapped markets to fuel revenue pocketing process through the sale of surgical stapling devices.

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