Thursday, March 14, 2019

What are The key Segments of the Global Surgical Stapler Market?

The surgical stapler is a specialized medical device that is used during surgical procedures and is used to close both internal and external wounds. Surgical staplers can be used during minimally invasive image-guided procedures. The high rate of adoption of surgical staples is due to the faster, more precise and more accurate surgical wound closure.

According to research conducted by a leading market research company, the global surgical staplers market is estimated to reach USD 5.24 Bn by 2022, and expand at a compound annual growth rate (CAGR) of 8.1% during the forecast period of 2017–2022. The surgical staplers market is classified into three segments- product, type, and application.

Based on the product, the global surgical staplers market is divided into manual surgical staplers and powered surgical staplers. In 2017, the powered surgical staplers segment generated USD 1.62 Bn and held a market share of 46%. This segment is expected to expand at a CAGR of 9.9% during the 2017-2022 period. Powered staplers eliminate the need for manual firing and are more stable. Despite the need for high activation force to fire the stapler, manual staplers allow surgeons to perform even the toughest surgeries with ease.

Based on the type, the market is bifurcated into disposable staplers and reusable surgical staplers. Global surgical staplers market analysis states that Disposable staplers constituted (85%) of the surgical staplers market. They are cost-effective, eco-friendly since they produce less medical waste and eliminate the chances of cross-infection.

Based on application, the global surgical staplers market the market is segmented into abdominal and pelvic surgery, cardiac and thoracic surgery, general surgery, orthopedic surgery, and other surgical application. Abdominal surgeries using surgical staplers had the highest revenue share (30.32%), globally, in 2017. General surgeries segment held 25.57% of the revenue share due to the increased adoption of advanced medical technologies worldwide.

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