Surgical Stapling Devices Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe global surgical stapling devices market size is anticipated to reach USD 8.02 billion by 2026, according to a new report by Grand View Research, Inc., progressing at a CAGR of 8.23% during the forecast period. Application of surgical staplers has gradually evolved from invasive surgeries to minimally invasive surgeries. With introduction of advanced surgical staplers, difficulties associated with the use of conventional staplers have been addressed.
Obesity is
increasing among adults as well as adolescents below 18 years of age due to
sedentary lifestyles and unhealthy diet patterns in this age group. In case of
eating habits, people are more inclined towards fast food rather than healthy
food. Growing busy schedule and increasing stress are both causing people to
consume packed and processed food.
Severe cases
of obesity cause other conditions, such as diabetes and cardiovascular
conditions, resulting in many opting for bariatric surgery. According to the
Canadian Institute for Health Information (CIHI) 2014 data, the number of
bariatric surgeries has drastically increased from 1,600 in 2006-2007 to 6,000
in 2012-2013. This indicates high demand for these surgeries owing to
increasing awareness about surgical options for weight loss.
Further key
findings from the report suggest:
- Manual surgical
stapling devices dominated the market in terms of revenue in 2018.
However, powered devices are projected to witness strong growth during the
forecast period
- An alarming
number of emergency cases can lead to surgical fatigue, thereby, reducing
productivity. Powered stapling devices allow surgeons to perform more
number of surgeries in emergency wards
- There is an
increasing demand for disposable devices due to heightened concerns for
communicable infections. Owing to which, disposable staplers are likely to
dominate the market through 2025
- Disposable
staples are made of plastic, whereas reusable staples are made of
stainless steel. Both disposable and reusable staples have disposable
cartridges and although reusable, staplers generate lesser surgical waste
- North America
dominated the overall market in terms of revenue in 2018. The growth of
the region can be attributed to surging bariatric surgeries, introduction
of powered staples, and soaring need for tissue and wound management
- Key industry
contributors include Covidien plc; Ethicon Endo-Surgery, Inc.; Intuitive
Surgical, Inc.; United States Surgical Corp; Cardica, Inc.; Zimmer
Holdings, Inc.; Stryker Corporation; Smith & Nephew plc; Conmed
Corporation; and CareFusion Corporation
- In November
2018, Ethicon launched ECHELON FLEX GST System for exceptional staple line
integrity across wide range of tissue thickness under its Bariatric
Revision Surgical Solutions.
Access full
research report on global surgical stapling devices market:
www.grandviewresearch.com/industry-analysis/surgical-stapling-market
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Created on Aug 26th 2019 06:38. Viewed 335 times.