Surgical Stapling Devices Market Is Predicted to Reach USD 3.81 Billion by 2026

Surgical Stapling Devices Market|2021 Analysis, Key Opportunities Major Players, Impact of COVID-19 and Size, Growth, Share, Regional Analysis With Global Industry Forecast To 2027, The rising prevalence of chronic diseases is expected to contribute positively to the surgical stapling devices 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 global surgical stapling devices market size was valued at USD 2.16 Billion in 2018 is expected to reach USD 3.81 Billion by 2026, exhibiting a CAGR of 7.4% between 2019-2026.

As per the report, the increasing number of surgical procedures and types of incisions performed will benefit the market during the forecast period. According to the data published by OECD, estimated 200,000 cesarean section procedures were carried out in the year 2017 in UK. Furthermore, the increasing number of bariatric surgeries is expected to propel the growth of the market. In addition, the rising adoption of surgical staplers owing to the advantages the surgical staples offer compared with the traditional suturing and stitching methods will create growth opportunities for the market.

The report offers a detailed summary of the market by shedding light on some of the important aspects which involves growth prospects, market trends, obstacles, and restraints. It offers informative data on key players present in the market. industry developments and analyses of these companies are covered in the report, aiding the stakeholders to make strategic judgements and thus invest in the market.

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The report covers:

Global Surgical Stapling Devices Market trends, with detailed analysis on consumer trends manufacturer trends.
Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
Key areas of investments identifying market opportunities and challenges in forecast timeframe.
Competitive analysis of the industry players along with the overview on strategic management.
Comprehensive company profiles of the major industry players.

Surgical Stapling Devices Highlights of the Report:

Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

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Disposable Stapling Devices Segment to Hold Maximum Share

On the basis of type, the surgical stapling devices is segmented into disposable and re-usable. Disposable surgical stapling devices is expected to account for maximum shares in the market during the forecast period owing to the increasing demand for disposable staplers among healthcare professionals for wound and incision closure. The increasing awareness regarding the benefits of disposable staplers such as decreased risk of infection and larger product offerings will further boost the growth of the segment in the near future. The disposable surgical stapling devices are expected to witness high demand in the developed countries of Europe and North America owing to the increasing awareness of hospital-acquired infections.

The reusable surgical stapling devices segment is expected to grow at a lower CAGR compared to the disposable staplers due to higher risk of infection and lower adoption rate in established markets. The segment is expected to hold a larger share in emerging nations compared to the developed countries owing to the cost-effectiveness of the product.

Leading Players operating in the Surgical Stapling Devices Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are: