According to a newly published report by Research Nester on “North America Surgical Staplers Market Study 2027” delivers detailed overview of the North America surgical staplers market in terms of market segmentation by usage, by technology, by end users and by geography.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Rapid inclination in cancer, obesity and cardiovascular diseases in North America region are expected to contribute towards rise in the number of open and minimally invasive surgeries. Currently, clips are used instead of staples as they prevent piercing of staples. Stapling are suspect to cause blood leakages from stapled organs. Rise in the demand for minimal invasive surgeries, increased adoption of surgical staplers over orthodox surgical sutures in developing and developed countries, and technological advancements in the medical devices market are expected to boost the market growth.
North America surgical staplers market is estimated to surpass USD 2.6 Billion by 2027 and is anticipated to record a CAGR of around 8.1% during the forecast period i.e. 2019-2027. The market is segmented by usage into reusable and disposable. The market is segmented by technology into manual and powered devices. By end users, the market is bifurcated into hospitals, clinics, ambulatory surgical centers.
The U.S. holds the largest share on account of increasing technological advancements, growing number of surgical procedures and minimally invasive surgeries. Recent developments in minimally invasive surgeries have led to the development of special devices for thoracoscopic and laparoscopic surgeries that includes the use of surgical staplers in the region.
Rise in Geriatric Population and Increasing Healthcare Expenditure
It is estimated that the total population of North America aged above 65 is expected to rise from 16% in 2015 to 22% by 2030. The growth in the geriatric population with their age-related diseases is expected to boost the surgical staplers market. Moreover, healthcare expenditure has increased in the recent years which has resulted in the increased usage of superior and improved medical equipment and technologies. These factors are expected to propel the market growth.
However, complications in usage of surgical staplers and stringent procedure in approval of medical devices by FDA are expected to operate as key restraints towards the growth of North America surgical staplers market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the North America surgical staplers market which includes company profiling of Medtronic, Ethicon. U.S., LLC., Cardica Inc., Smith and Nephew Plc., CONMED Corporation, Purple Surgical Inc., Welfare Medical Ltd, Reach Surgical., Grena Ltd., B.Braun Melsungen AG, Frankenman International Limited, Zimmer Biomet, Stryker, Meril Life Sciences Pvt. Ltd., Touchstone International Medical Science Co. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the North America surgical staplers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.