Industry Background:
Growing preference for staples over sutures will help to boost global surgical staplers market. Surgical staplers are specified staplers used in surgery to join, close skin wounds or remove parts of the bowels or lungs. Presently, staplers are favored over sutures as these are faster, easier, accurate, and consistent to use than hand sutures. Additionally, Emergence of powered surgical devices and a soaring requirement for tissue & wound management is likely to further drive the market. Furthermore, in developing nations, such as India and China, surgical staplers are extensively employed for bariatric surgeries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | CareFusion Corporation (United States), CONMED Corporation (United States), CryoLife Inc. (United States), Medtronic plc. (Ireland), Purple Surgical Inc. (United States), Dextera Surgical Inc. (United States), Integra Life Sciences (United States), Covidien plc (Ireland), Intuitive Surgical, Inc. (United States), Lepu Medical Technology(Beijing)Co.,Ltd. (China), B. Braun SE (Germany), Medline Industries, LP (United States), 3M (United States), Becton, Dickinson and Company (United States) and Frankenman International Ltd (China) |
According to AMA, the market for Surgical Staplers is expected to register a CAGR of 8.23% during the forecast period to 2028. This growth is primarily driven by Growing Issues Associated With the Healing Of Traditional Sutures and Fueling Aging Population.
Globally, a noticeable market trend is evident Upsurging Demand for Powered Surgical Instruments in Emerging Economies
The Health Care Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as CareFusion Corporation (United States), CONMED Corporation (United States), CryoLife Inc. (United States), Medtronic plc. (Ireland), Purple Surgical Inc. (United States), Dextera Surgical Inc. (United States), Integra Life Sciences (United States), Covidien plc (Ireland), Intuitive Surgical, Inc. (United States), Lepu Medical Technology(Beijing)Co.,Ltd. (China), B. Braun SE (Germany), Medline Industries, LP (United States), 3M (United States), Becton, Dickinson and Company (United States) and Frankenman International Ltd (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 11th April 2019, Integra LifeSciences Holdings Corporation a leading global medical technology company has announced that it will feature its latest innovations at the American Association of Neurological Surgeons (AANS) Annual Scientific Meeting, April 13–17, 2019 in San Diego, California.
On 22nd October 2018, Ethicon, part of Johnson & Johnson Medical Device Companies, and a leading global provider of medical devices is continuing to invest in research aimed at minimizing complications and improving surgical outcomes. Ethicon’s research strategy includes a mix of clinical, pre-clinical and real-world evidence to support the development of innovative products that help reduce patient risk factors.
Influencing Trend:
Upsurging Demand for Powered Surgical Instruments in Emerging Economies and Rising Threat of Acquiring Several Diseases
Market Growth Drivers:
Growing Issues Associated With the Healing Of Traditional Sutures and Fueling Aging Population
Challenges:
Rising Concern about Side Effects Such As Allergic or Adverse Reactions Associated With Products Such As Titanium or Steel
Restraints:
High Adoption of Advanced Wound Closure Materials Such As Glues & Fibrin Sealants and Increasing Concern Related To Price Competition In The Market
Opportunities:
The Advent of New Technologies Associated With Surgical Staplers and Highly Developed Health Care Infrastructure in Developed Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Surgical Staplers Market
- Analysis about New Entrants in Surgical Staplers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Surgical Staplers Study Sheds Light on
The Surgical Staplers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Surgical Staplers industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Surgical Staplers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.