What is the Surgical Stapling Devices Market Forecast?

 



North America is expected to dominate the Overall Surgical Stapling Devices Market:

Among all the regions, North America is expected to occupy a major share in the overall surgical stapling devices market during the forthcoming years. This domination is due to the increasing surgical procedures such as bariatric surgery, aesthetic surgeries in the region. Also, rising traumatic injury in the region which requires surgical staplers for closing the wound is another factor for the growth of the global surgical staplers market in the region. 

For instance, according to the American Society for Metabolic and Bariatric Surgery 2021 publication, a total of 256,000 bariatric surgeries were performed in the region in the year 2019 out of which 59.4% were laparoscopic sleeve gastrectomy which requires surgical staplers to remove 80% of the stomach, making it much smaller. 

In addition, as per the reports published by Obesity Canada in the year 2019, a total of 10,364 bariatric surgeries were performed in the region between 2017 and 2018. Thus, growing surgeries especially for weight loss could be a potential factor responsible for augmenting the surgical stapling devices market. 

Read More- Surgical Stapling Devices Market Share

Moreover, the presence of key market players such as Medtronic, Johnson & Johnson, and CONMED Corporation, among others actively manufacturing surgical staplers in the region are also expected to bolster the surgical stapling devices market in the region. 

Also, strategic business activities by the companies present in the country will spur the surgical stapling devices market. Recently, in July 2020, Lexington Medical, a US-based medical device company delivering minimally-invasive surgical stapling solutions, and BOWA Medical, a leading innovator of energy-based surgery products for medical applications entered into a partnership and will jointly market and sell the AEON and LOTUS portfolios in several global markets. 

Thus, all the aforementioned factors are likely to propel the market for surgical staplers in the region. 

Additionally, the Asia-pacific region has future potential for the surgical stapling devices market. This is due to the rising number of cardiac surgeries in the region. Moreover, growing caesarean delivery could also be a factor in the rising demand for surgical staplers in the region. Furthermore, improving healthcare structure, rise in disposable incomes, and presence of regional market players such as Lepu Medical, Meril Lifesciences, among others will also contribute to the market growth of surgical staplers in the forthcoming years.

Surgical Stapling Devices Market Key Players:

Some of the key market players operating in the surgical stapling devices market include B. Braun Melsungen AG, ConMed Corporation, Intuitive Surgical., Meril Life Science Pvt. Ltd, Medtronic, Johnson & Johnson, Smith & Nephew, Lepu Medical, Frankenman International Ltd, 3M, Fengh Medical Co., Ltd., IntoCare Medical Technology (Suzhou) Co., Ltd., Lexington Medical, Waston medical, Reach Surgical, Purple Surgical, Stapleline Medizintechnik GmbH, Panther Healthcare, Microcure (Suzhou) Medical Technology Co., Ltd., Golden Stapler Surgical Co., Ltd., and others.

Learn More about Surgical Stapling Devices Market Size

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