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(Medical-NewsWire.com, January 22, 2018 ) North America Surgical Staplers Market is expected to reach USD 682.4 million by 2024 from USD 336.8 million in 2016, at a CAGR of 9.2% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The major factors driving the growth of this market include increased surgical procedures, technological advancements, new product launches in North America. These factors increase the demand for surgical devices such as manual, powered, disposable and reusable Surgical Staplers. On the other hand, rising costs of surgical staplers device and stringent regulatory scenario may hinder the growth of the market.
North America Surgical Staplers Market – Segmentation:
The North America surgical staplers device market is segmented on the basis of type, product type, application, end user, distribution channel, and geography. The North America surgical staplers market is segmented into manual and powered. In 2017, the manual surgical staplers segment is expected to dominate the market with a share of ~44.9% and is expected to continue this trend till 2024.
Surgical staplers device market is segmented into disposable and reusable. In 2017, the surgical staplers disposable segment is expected to dominate the market with a share of ~88.3% and is expected to continue this trend till 2024.
On the basis of application, the market is segmented into abdominal, general surgery, cardiac, thoracic, orthopedic, hemorrhoids, and others. Thoracic is projected to witness the highest growth rate of 8.8% during the forecast period to reach a value of USD 422.6 million by 2024.
On the basis of distribution channel, the North America surgical staplers market is segmented into direct tenders and retail. In 2017, the direct tender market is expected to dominate the market with a value of USD 1,213.3 million.
On the basis of end users, the North America surgical staplers market is segmented into hospital, clinics, and ambulatory surgical centers. In 2017, the hospital segment is expected to dominate with the market share of 61.6% and is expected to continue this trend till 2024.
Based on geography, the market is segmented into three geographical regions, such as, U.S., Canada, and Mexico.
North America Surgical Staplers Market, By Product Type (Manual, Powered),Type (Disposable, Reuse), Application (Abdominal, Pelvis, General Surgery, Cardiac, Thoracic, Orthopedic, Hemorrhoids, Cosmetic, Pediatric), End User (Hospital, ASC, Clinic), Distribution Channel (Retail, Direct Tenders), Country (North America Surgical Staplers Market, By Product Type (Manual, Powered),Type (Disposable, Reuse), Application (Abdominal, Pelvis, General Surgery, Cardiac, Thoracic, Orthopedic, Hemorrhoids, Cosmetic, Pediatric), End User (Hospital, ASC, Clinic), Distribution Channel (Retail, Direct Tenders), By country ( U.S., Canada, and Mexico) – Industry Trends and Forecast to 2024)
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Key Drivers of North America Surgical Staplers Market:
Some of the major factors driving the market for rising scope of surgical staplers devices are increased surgical procedures, technological advancements, new product launches in North America. These factors increase the demand for devices such as manual, powered, disposable and reusable surgical staplers.
Rising cost of surgical staplers devices and stringent regulatory scenario are the factors which may hinder the growth of this market.
Many companies are increasingly focusing on development of technologically advanced surgical staplers in order to strengthen their product portfolios in the surgical staplers market.
Top Key Players:
Medtronic, Ethicon. U.S., LLC., Cardica Inc., Smith and Nephew Plc, CONMED Corporation, Purple Surgical Inc., Welfare Medical Ltd, Reach Surgical., Grena Ltd., B.Braun Melsungen AG, Frankenman International Limited, Zimmer Biomet, Stryker, Meril Life Sciences Pvt. Ltd., Touchstone International Medical Science Co. Ltd. and others.
Key Points:
The North America surgical staplers market report contains an in-depth profiling of the key market players, along with the recent developments (new product developments, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. For instance, in 2017, Medtronic launched Signia smart surgical stapler in U.S. It is a smart technology designed to detect the variability of tissue thickness and automatically adjust the stapler’s speed during surgery.
Hospitals market is growing with the highest CAGR.
Manual surgical staplers are driving the market with the highest market share. However, powered surgical staplers are growing with the highest CAGR.
Disposable surgical stapler is dominating the product type of North America surgical staplers device market.
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