Global Surgical Staplers Market Expected To Reach $ 4.46 Billion By 2021 With A CAGR Of 7.2%

Date: 2017-06-26

Surgical stapling devices were developed in response to rising concerns regarding the healing of traditional sutures. Compared to modern surgical staplers, sutures are more prone to separation and leaks. Additionally, surgical stapling devices offer a number of advantages over sutures such as accuracy, speed, and evenness of wound closure.

The global Surgical Staplers market was estimated at USD$ 3.15 Billion in 2016, and is anticipated to reach USD$ 4.46 Billion by 2021, expanding at a CAGR of 7.2% between 2017 and 2021. Two major types of surgical stapling devices are available in the market: manual and powered. These devices can be either reusable or disposable. Either way, both types are loaded with disposable cartridges.

The global surgical stapling devices market is single-handedly propelled by the rise in the number of surgeries performed around the world. The demographic trend of increasing geriatric population, growing prevalence of chronic diseases, presence of favorable reimbursement scenarios in developed and developing countries, and advancing medical tourism industry have contributed toward the increase in cardiovascular, neurological, and orthopedic surgeries, among others. This growth in surgical procedures has boosted the demand for surgical stapling devices significantly. Advent of new technologies, highly developed health care infrastructure in developed countries, rising demand for powered surgical instruments and accessories in emerging economies, and growing accessibility to health care facilities in developing countries are the other factors contributing to the expansion of this market.

By region, the market is segmented into North America, Europe, Asia-Pacific, and RoW. In 2017, North America accounted for the largest share of the market; Asia-Pacific is expected to register the highest CAGR during the forecasted period, followed by Europe.

The high growth of the Asia-Pacific market is attributed to the factors such as increasing per capita income levels (and consequent increase in purchasing power), growing healthcare awareness, rising number of private sector hospitals, development of primary healthcare infrastructure, and growing medical tourism in this region. Europe is the second largest growing market; factors such as growing number of surgical procedures and increasing preference for bariatric and cosmetic surgeries are expected to fuel the market growth in this region.
 
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http://www.gosreports.com/global-surgical-staplers-market-research-report-2017/ 

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com
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