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(Medical-NewsWire.com, February 14, 2019 ) Asia-Pacific Surgical Staplers Market Asia Pacific is projected to be the fasted growing surgical staplers market in the world. The Asia Pacific surgical staplers market is expected to grow at a CAGR of 9.6% leading to a revenue of USD 0.79 Bn by 2023.
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Considering the demographics of the region, about half of the Asian countries currently have less than a 5% share of the older population. The countries with a higher share of younger population are located in South Central Asia - Afghanistan (2.5% geriatric), South-Eastern Asia (e.g., Laos, 3.8% geriatric), and Western Asia (e.g., Kuwait - 2.3%; Yemen - 2.7% geriatric). However, East Asia is one of the oldest sub-regions globally that includes the one of oldest countries in the world—Japan (26.6% geriatric). Overall, in 2016, 12.4% of the population in the Asia-Pacific region was 60 years or older, which is lower than North Americas 17% (approx.). This unique mix serves a as a major driver for the growth of the surgical staplers market in the Asia-Pacific.
Also, Asian countries like China and Japan are large medical devices markets after the U.S. and European Union and are bound to expand more given the fact that the percentage of the geriatric population in Japan is expected to increase from 24% in 2012 to 40% in 2050. These people will require specific age related surgeries. Thus, manufacturers of surgical devices shall get a boost in this region.
The Asia-Pacific surgical staplers market is segmented by product into manual and powered surgical staplers and by type into reusable and disposable surgical staplers. Manual Surgical Staplers dominated the market share in 2017 while the reusable surgical is expected to grow at a higher CAGR in the forecast period (2018-2023).
Asia-Pacific surgical staplers market is further segmented based on its applications - abdominal surgery, cardiac surgery, orthopaedic surgery, general surgery and other surgeries. In 2017, the abdominal surgeries segment held the biggest share of the market.
Key growth factors:
o Increased medical tourism in countries like Thailand, South Korea, and India (A cardiac operation at best of Indian hospitals costs less than 30% of what it would cost in Europe or the United States) over the years due to the availability of cheaper but quality surgical procedures drives the surgical staplers market in the Asia Pacific region.
o The recent launch of public healthcare programs clubbed with increasing private wealth is expected to boost the region's health care spending by an annual average of 6.6% in 2015-2019.
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Table Of Content
Chapter 1: Executive summary
1.1 Market scope and segmentation
1.2 Key questions answered in this study
1.3 Executive summary
Chapter 2: Introduction
2.1. Market definitions
2.2. Value chain of surgical staplers
Chapter 3: Asia-Pacific surgical staplers market overview
3.1. Asia-Pacific market overview
- Historical (2015-2017) market size (USD Bn)
- Forecasted (2018-2023) market size (USD Bn)
- Key observations
3.3. Drivers
3.4. Challenges
3.5. Trends
Chapter 4: Asia-Pacific Surgical Staplers market segmentation - by product
4.1. Asia-Pacific market share and size (USD Bn - 2017) - by products (manual and powered)
4.2. Asia-Pacific manual surgical staplers market
- Market size (USD Bn) (2015, 2017, 2023)
- Drivers
- Challenges
4.3. Asia-Pacific powered surgical staplers market
- Market size (USD Bn) (2015, 2017, 2023)
- Drivers
- Challenges
Chapter 5: Asia-Pacific surgical staplers market segmentation - by type
5.1. Asia Pacific market share and size (USD Bn - 2017) - by type (reusable and disposable)
5.2. Asia-Pacific reusable surgical staplers market
- Market size (USD Bn) (2015, 2017, 2023)
- Drivers
- Challenges
5.3. Asia-Pacific disposable surgical staplers market
- Market size (USD Bn) (2015, 2017, 2023)
- Drivers
- Challenges
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