NEW YORK, Oct. 17, 2017 (GLOBE NEWSWIRE) -- According to new market research report titled “Surgical Staplers Market by Product (Manual Surgical Stapler, Powered Surgical Stapler), by Type (Disposable Surgical Stapler, Reusable Surgical Stapler), by End User (Hospitals, Ambulatory Surgical Center & Clinics), by Application (General Surgery, Abdominal & Pelvic Surgery, Cardiac & Thoracic Surgery, Orthopedic Surgery), by Geography (U.S., Canada, U.K., France, Germany, Japan, China, India, Brazil, Mexico) - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023” published by P&S Market Research, the surgical staplers market is forecasted to attain $5.4 billion value by 2023.
The growth in the market is led by increasing surgical procedures, introduction of technologically advanced surgical staplers, growing number of bariatric and other weight loss surgeries, and increasing preference for surgical staplers over traditional sutures.
The two types of surgical staplers used in the industry are manual and powered where the manual staplers held the larger share in the surgical staplers market and it is expected to grow at CAGR of 7.2% during the forecast period. Manual staplers are used more as compared to powered staplers as these can be used at a faster pace, are more economical, and cause fewer infections as compared to the conventional stitches. Surgical staplers are either reusable or disposable, and disposable staplers held the larger share in the market as it reduces the chances of infections and the complication associated with surgical procedures.
As per the findings of the research, staplers are used in general, cardiac and thoracic, orthopedic, abdominal and pelvic, and various other surgeries. Amongst all the surgeries, general surgeries were the largest application area in this market. Due to increasing aesthetic surgeries, breast surgeries, surgical oncology, and pediatric surgery procedures, the surgical staplers market size for general surgeries is predicted to attain a value of $1.8 billion by 2023.
Access Report Description with Detailed TOC on “Surgical Staplers Market” at: https://www.psmarketresearch.com/market-analysis/surgical-staplers-market
The key end users in the surgical staplers market include hospitals, and ambulatory surgical centers and clinics. Hospital was the larger consumer in surgical staplers market and the market is also expected to register faster growth in hospitals, due to the high number of surgical procedures performed for the treatment and management of diseases.
Asia–Pacific is the fastest growing surgical staplers market due to increasing aging population, increasing prevalence of diabetes, booming medical tourism, and rising burn cases and road accidents in the region. According to the World Health Organization (WHO) publication in 2014, nearly 1 million people suffer from moderate to severe burns every year in India. Moreover, road accidents are also a leading cause of formation of severe wounds, which require these staplers for early recovery. According to the Global Status Report on Road Safety by the WHO, in 2015, approximately 261,367 fatal accident cases were reported in China. Similarly, around 207,551 fatal accident cases were reported in India in the same year.
Globally, the key providers in the surgical staplers industry are launching new products to gain a larger market share. For instance, in February 2017, Medtronic plc launched its Signia Stapling System. An addition to the Medtronic’s minimally invasive surgeries (MIS) portfolio, the Signia system delivers real-time feedback and automated responses to the real-time data. It also includes Adaptive Firing technology that measures the tissue thickness and regulates the speed of stapler accordingly, allowing a consistent and even application of staplers.
Other key players operating in the surgical staplers market include Ethicon, Inc., Dextera Surgical Inc., Frankenman International Ltd., Intuitive Surgical, Inc., Ethicon Inc., Smith & Nephew Plc, Becton, Dickinson and Company, B. Braun Melsungen AG, Zimmer Biomet Holdings, Inc., Meril Life Science Pvt. Ltd., and Conmed Corporation.
More Report Published by P&S Market Research
Surgical Sutures Market
Europe is the second largest market for surgical sutures, after North America. Germany has been the largest contributor to the European surgical sutures market, historically, followed by the U.K. and France. The European market is projected to grow on account of increasing aging population, rising prevalence of diabetes, and obesity in the region.
https://www.psmarketresearch.com/market-analysis/surgical-sutures-market
Beauty Devices Market
Geographically, North America has been the largest market for beauty devices, with the U.S. being the major contributor to the regional market as compared to Canada. The key factor driving the North American beauty device market include increasing aging population and rising prevalence of skin related problems in the region. According to the American Academy of Dermatology, approximately 85% of the population in the U.S. suffers from acne every year. There is a large population of the patients suffering from acne scars in the country.
https://www.psmarketresearch.com/market-analysis/beauty-devices-market
About P&S Market Research
P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Connect with us: LinkedIn | Twitter | Google Plus | Facebook