Future Scope of Surgical Staplers Market in Medical Industry

Surgical Staplers Market by Product (Manual, Powered), Type (Disposable, Reuse), Application (Abdominal, Pelvis, General Surgery, Cardiac, Thoracic, Orthopedic, Hemorrhoids, Cosmetic, Pediatric), and End User (Hospital, ASC, Clinic)

(EMAILWIRE.COM, May 16, 2019 ) The surgical staplers market is duopolistic in nature, with two major players Ethicon Inc. (U.S.) and Medtronic plc (Ireland). Apart from these other prominent players of the market includes CONMED Corporation (U.S.), Smith & Nephew (U.K.), Purple Surgical Inc. (U.K.)

The global surgical staplers market is expected to reach USD 4.78 Billion by 2022 from USD 3.38 Billion in 2017, at a CAGR of 7.2%.

A number of factors such as increasing number of surgical procedures across the globe, growing preference for minimally invasive surgeries, technological advancements, and increasing preference for surgical staplers over sutures are expected to drive the growth of the market.

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On the other hand, high cost of devices and availability of alternative wound care techniques may hinder the growth of the market in the coming years.

The market is dominated by North America, followed by Europe. North America dominated the market in 2017 and Asia-Pacific is poised to register the highest CAGR during the forecast period.

The dominance of North America is attributed to factors such as the growing geriatric population, increasing incidence of diseases (leading to an increase in the number of surgeries for corrective and preventive treatments), increasing preference for bariatric and cosmetic surgeries, availability of technologically advanced products and their higher adoption rate among surgeons and patients, presence of leading surgical stapler manufactures in the region, and higher public & private spending as a percentage of GDP (resulting in better healthcare facilities and infrastructure).

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The high cost of these devices as compared to their traditional alternatives is one of the restraining factors for the growth of this market accompanied with availability of alternative wound care techniques such as fibrin sealants and surgical sealants and other alternatives, which does not require staple removals resulting in reduced inflammation and scaring.