The Surgical Stapling Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Surgical Stapling Products Global Market Report 2024, The surgical stapling products market size has grown strongly in recent years. It will grow from $4.23 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to cost-efficiency in data collection, increased demand for surveillance and monitoring, risen adoption in agriculture, expansion in construction and infrastructure sectors, emergency response and disaster management.
The surgical stapling products market size is expected to see strong growth in the next few years. It will grow to $6.17 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to wider integration in logistics and delivery, advancements in environmental monitoring, expanding role in public safety, precision agriculture evolution, innovation in entertainment and media. Major trends in the forecast period include development of autonomous drone operations, integration with artificial intelligence (ai) and analytics, expansion of drone services in public safety, regulatory framework development, customization for industry-specific applications.
The growing number of surgical procedures is expected to propel the growth of the surgical stapling products market. Surgical procedures are used to treat damaged tissues that are hurting a person’s health and quality of life or to repair damage already done to the body. Surgical stapling products aid in the expansion of surgical operations by providing surgeons with a tool that allows them to handle a wide range of tissues and applications with exceptional clinical efficacy. For instance, in April 2022, The Aesthetic Society, a US-based organization of the most advanced board-certified aesthetic plastic surgeons stated that surgical procedures increased by 54% in 2021 than the prior years. Therefore, the growing number of surgical procedures is driving the growth of the surgical stapling products market.
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The surgical stapling products market covered in this report is segmented –
1) By Product: Linear Staplers, Circular Staplers, Skin Staplers, Endoscopic Staplers, Others
2) By Technology: Manual, Powered
3) By Application: Abdominal And Pelvic Surgery, General Surgery, Cardiac And Thoracic Surgery, Orthopedic Surgery, Other Applications
4) By End-User: Hospitals, Specialty Clinics, Other End-Users
Product innovations are the key trends gaining popularity in the surgical stapling products market. Companies operating in the surgical stapling products market are adopting new technologies to sustain their position in the market. For instance, in April 2021, Ethicon, a US-based company engaged in manufacturing surgical sutures and wound closure launched the ECHELON 3000 Stapler, a digitally enabled device that provides surgeons with simple, one-handed powered articulation. ECHELON 3000 builds upon the ECHELON™+ Stapler with GST reloads, bringing forward the same capabilities in advancing staple line security and delivering fewer leakage pathways at the staple line.
The surgical stapling products market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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