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.
Key Players Operating in The Global Market Include:
- Johnson and Johnson Services, Inc.
- Smith & Nephew
- Braun Melsungen AG
- Purple Surgical
- Intuitive Surgical
- AesDex, LLC
- Becton, Dickinson and Company
- Conmed Corporation
As per the report Market, 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 surgical stapling devices 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.
Increasing cases of Cancer Will Facilitate Growth
The increasing cases of radical mastectomy and rising number of surgical procedures will aid the market. According to OECD statistics, an estimated 17,000 mastectomy in-patient cases were recorded in U.S for 2017. The rising number of visits to ambulatory surgical centers and growing incidence of chronic disease such as cancer will boost the market growth. The surge in laparoscopic procedures owing to the its advantages such as smaller incision, lesser hospital stays and lower cost associated with the procedure will augment the growth of the market.
According to the statistical analysis by Healthcare Cost and Utilization Project, and estimated 100,500 laparoscopic gastrointestinal surgeries were performed in ambulatory surgical centers in U.S for the year 2014. In addition, the increasing awareness regarding surgical staplers is expected to stimulate growth of the surgical stapling devices market.
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