Surgical Stapling Devices Market to register a healthy CAGR for the forecast period, 2015-2025
Surgical Stapling Devices are specialized staples used in surgery in place of sutures to close skin wounds, connect or remove parts of the bowels or lungs.
Stapling is much faster than suturing by hand, and also more accurate and consistent. Staples are primarily used in bowel and lung surgery. But it finds use in other surgery as well. One key feature of intestinal staplers is that the edges of the stapler act as a hemostat, compressing the edges of the wound and closing blood vessels during the stapling process.
The market for Surgical Stapling Devices is very sensitive. The use of Surgical Stapling Devices is increasing; but the competition becomes intense. Big companies are already there in this market but many manufacturers from Far East is trying to enter into this segment. As the market is growing some service provider also come with refurbishing and re-sterilization of originally single-use devices.
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Surgical Stapling Devices: Drivers and Restraints
It is evident that the use of suture on surgery are more prone to leak & separation. On the other hand Surgical Stapling Devices have come with advantages like better speed, accuracy, and perfection of the wound closure. Another reason for this market to grow is increase in number of surgical procedures. Also, demand in rise for minimally invasive procedures, worldwide aging population and technological developments leading to innovative products, propel the growth of Surgical Stapling Devices market.
There are some restraint as well for this market. Factors such as rising demand for advanced wound closure materials like glues and fibrin sealants, and implementation of stringent rules in the United States, along with the intense price competition from local manufacturers may pose significant challenges in the surgical equipment market. A more recent development of Clips removes some of the application of staples. Also the staples’ market growth rate is slow and limited by the maturity of the product and the competition.
Surgical Stapling Devices: Segmentation
Surgical Stapling Devicesmarket can be segmented based on products –
- Powered Surgical Stapling Devices
- Manual Surgical Stapling Devices
Surgical Stapling Devicesmarket can be segmented based on nature –
- Disposable Surgical Stapling Devices
- Reusable Surgical Stapling Devices.
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Surgical Stapling Devices: Overview
With the rapid technological advancement in healthcare industry the Surgical Stapling Devices market is expected to grow at a healthy CAGR in the forecasted period (2015-2025).
Surgical Stapling Devices: Region-wise Outlook
Depending on geographic region, global immunochemistry analyzer market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
North America is the biggest market of Surgical Stapling Devices followed by Europe. Market of Asia-Pacific is also substantial but smaller compare to the top two region. The reason behind the big market of North America and Europe is the acceptance of technically advance equipment and more and more advance product innovation.
The patient pool in Asia-Pacific and RoW markets are very high. They undergo with various surgical procedures. Thus the rising healthcare expenditures and increasing awareness regarding advanced surgical equipment are expected to play key role in driving market growth in these regions.
Surgical Stapling Devices: Key Players
Key Players operating in this segment are: Medtronic Inc, Stryker Corporation, Conmed Corporation, CareFusion Corporation, Alcon Laboratories Inc, Smith & Nephew PLC, Ethicon Inc., Zimmer Holdings Inc. and KLS Martin Group.
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