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A recent report published by Infinium Global Research on the surgical stapling devices market provides an in-depth analysis of segments and sub-segments in the global as well as regional surgical stapling devices market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional surgical stapling devices market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global surgical stapling devices market. According to the report, the global surgical stapling devices market is projected to grow at a CAGR of 5.41% over the forecast period of 2020-2026.
The global surgical stapling devices market was sized nearly USD 5083.86 million in 2020. The global surgical stapling devices market is projected to grow with a CAGR of 5.41% during 2020-2026. Surgical staples are mostly used under the conditions where the wound is big or complex to close with normal sutures. The use of stapling devices rather than sutures lessens the local inflammatory response, the size of the wound, and the time it takes to close. Disparate stitches, and surgical staples do not dissolve as the wound or incisions heal, hence required special care and need to remove under medical supervision, as the material used is commonly steel or titanium. With such benefits, many surgeons around the world now prefer to use surgical staplers over sutures. The surgical staple is also convenient to use, plus it reduces the time in the surgical process and is also less painful. The rise in the use of surgical staplers can be seen in developed countries where healthcare professionals urge advanced medical devices.
The rise in the number of chronic patients, growing healthcare costs, and an increase in patient demand for advanced surgical procedures are leading to a rise in MI procedures. MI techniques are increasingly used to manage diseases such as cardiac arrhythmias, gastrointestinal, urology, and cancer tumors that include tumors in the kidneys, lungs, liver, musculoskeletal system, and spinal disorders such factors are contributing to the growth of the market. However, the widespread usage of sutures, sealants, tapes, and electrosurgical units as alternatives will hamper the market growth of surgical stapling devices. Moreover, an increase in the demand for disposable surgical staplers is likely to create beneficial growth opportunities for the market in the upcoming years.
By region, North America holds the
largest share of the global market. The rise in surgical procedures and the
presence of well-established healthcare infrastructure and growing preferences
to newer technologies fuelling the market growth in the region, whereas, APAC
to register the highest growth rate during the forecast period. Increasing
numbers of surgical procedures due to the prevalence of chronic diseases, and the growing need for cost-effective and efficient surgical tools are some of the
reasons driving the market growth
The report on the global surgical stapling devices market covers segments such as usage type, product type, application, and end user. On the basis of usage type, the sub-markets include disposable and reusable. On the basis of product type, the sub-markets include manual surgical stapling devices, and powered surgical stapling devices. On the basis of application, the sub-markets include abdominal surgery, obstetrics and gynecological surgeries, cardiac and thoracic surgery, orthopedic surgery, and others. On the basis of end user, the sub-markets include hospitals, and ASCS.
The report provides profiles of the companies in the market such as Meril Life Science Pvt. Ltd., B. Braun Melsungen AG, Johnson & Johnson Services, 3M, Purple Surgical, Grena Ltd, Medtronics plc, Conmed Corporation, Zimmer Holdings, Inc., and Jiangsu Coopwin Med S & T Co., Ltd..
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the surgical stapling devices market. Moreover, the study highlights
current market trends and provides forecasts from 2020-2026. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
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