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The global surgical stapling devices market size is predicted to reach USD 3.81 Billion by 2026. The increasing healthcare expenditure and launch of technologically advanced surgical stapling devices by key players will benefit the global surgical stapling market, says Fortune Business Insights in a report, titled “Surgical Stapling Devices Market Size, Share & Industry Analysis, By Product Type (Powered, Manual), By Type (Disposable, Re-usable), By Application (Gynecology Surgery, Urology Surgery, General Surgery, Others), By Surgery Type (Open Surgery, Laparoscopic Surgery), By End-user (Hospitals, Speciality Clinics, Others) and Regional Forecast, 2019-2026.” The market was valued at USD 2.16 Billion in 2018 and is expected to rise at a CAGR of 7.4% between 2019-2026.
Based on the product type, the surgical stapling devices market is segmented into manual stapling devices and powered stapling devices. The manual surgical stapling device segment is expected to account for the highest shares in the surgical stapling market owing to the different product offerings and cost-effectiveness. The increasing adoption of manual stapling devices will further augment growth of the segment.
However, manual staplers are likely to witness low demand during the forecast period owing to the rising trend for the acceptance of technologically advanced powered staplers. The powered stapling devices segment is predicted to grow at a rapid pace owing to the increasing technological advancements and product launches.
The rising focus of companies for the development of advanced powered stapling devices and the advantages offered by powered stapling devices compared to manual staplers will further boost the growth of the powered segment.
Introduction of Technologically Advanced Surgical Staples Will Enable Growth
Some of the prevailing surgical stapling market trends include the rising adoption of surgical stapling devices among healthcare providers and the rising focus of major players on reducing the diameter of the surgical stapling devices to facilitate internal as well as external incision closure. The introduction of powered surgical stapling device has simplified the incision closure time after surgery leading to lower blood loss and further complication. It also enables the surgeon to reduce mechanical pressure during wound closure. For instance, the powered surgical stapling device supports the patient during trauma injuries, where immediate wound closure is required to prevent blood loss. Clinically, the powered surgical stapling device has performed better in healing time and lower pain. These technological benefits offered by the surgical stapling devices are expected to drive the market during the forecast period. Furthermore, the approval of SureForm 60 by U.S FDA is expected to accelerate the surgical stapling market growth. For instance, Intuitive Surgical Inc. announced the U.S FDA approval of SureForm 60, a disposable fully wristed minimally invasive surgical stapler.
Rising Acceptance of Surgical Robots Will Facilitate Growth in North America
Geographically, the surgical stapling market is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The market in North America was valued at USD 980.3 Million in 2018 and is expected to emerge dominant during the forecast period owing to the rapid adoption of technologically advanced laparoscopic surgical staplers combined with the rising acceptance of surgical robots that use powered staling devices in the region. Additionally, the increasing preference of key players to launch new products in North America is expected to boost surgical stapling devices market in the region during the forecast period.
The Asia Pacific is expected to exhibit growth at the highest pace in the surgical stapling devices market in terms of value across the region owing to the increasing competition within players to capture rapidly emerging markets of China and India. Moreover, strategical planning of Chinese manufacturers to enter into Indian market is expected to boost the market growth in the region. However, the lack of skilled labor force and unemployment may hamper the growth in the region.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/surgical-stapling-devices-market-101593
Global Surgical Stapling Devices Market Is Segmented Into:
Value (USD Million)
By Product Type
By Surgery Type