Surgical Stapling Devices Market Poised for Robust CAGR of over 7.6% through 2026

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health-fitness

Summary

Future Market Insights has announced the addition of the “Surgical Stapling Devices Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.

Press Release

Two U.S. based companies are likely to dominate the global surgical stapling devices market in terms of market share
In 2015, two leading U.S based companies Johnson and Johnson and Medtronic plc held around 80% share of the global surgical stapling devices market. Although the global surgical stapling devices market is not very niche, other vendors are scattered and focus only on certain countries for the expansion of their business. For instance, vendors in the global surgical stapling devices market are focussing on India and a few other countries in the Asia Pacific region except China and Japan to explore hitherto untapped markets for expanding their business. One such vendor is India based surgical stapling devices company Meril Life Sciences Pvt. Ltd., which exports around 90% of its surgical stapling devices along with its other products to the MEA region.
Rising prevalence of obesity and a geriatric population requiring surgical procedures anticipated to fuel the growth of the global surgical stapling devices market
A sedentary lifestyle leads to higher BMI, as a result, a large number of people are opting for bariatric surgeries. This is a major factor driving adoption of surgical stapling devices over conventional suturing. The increasing prevalence of obesity drives the incidence of bariatric surgeries. Moreover, healthcare professionals, especially in developed regions, are increasingly inclined towards the adoption of surgical stapling devices for bariatric surgeries, which is creating a positive impact on the global surgical stapling devices market. Another factor driving the growth of the global surgical stapling devices market is an increasing geriatric population across the globe. This population is expected to drive demand for surgical stapling devices due to increasing number of surgeries performed for the prevention of various diseases related to old age.
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Surgical stapling devices are preferred over conventional suturing devices during laparoscopic surgeries, as suturing becomes difficult when a surgeon is operating on the 3-dimensional plane while concentrating on the 2-dimensional plane. Surgeons get the required accuracy and precision while operating with surgical stapling devices. This factor is fuelling the growth of the global surgical stapling devices market. Besides, reusable surgical stapling devices are preferred by the procurement team of hospitals as it labelled under the category of “green products”, resulting in considerably less impact on the environment, compared to plastic single-use disposable surgical stapling devices.