Surgical Staplers Market Size, Share Global Analysis Report, 2019 - 2026

Industry Insights

According to the report published by Facts & Factors, the global Surgical Staplers Market size was worth around USD 1200 million in 2019 and is predicted to grow around USD 2,000 million by 2026 with a compound annual growth rate (CAGR) of roughly 7.4% between 2020 and 2026. The report analyzes the global Surgical Staplers Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Surgical Staplers Market.

The report encompasses the forecast as well as analysis of the surgical staplers market on US regional levels. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue around (USD 1,200 Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the surgical staplers.

We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the surgical staplers market in our study.

Key Insights from Primary Research

• As per our primary respondents, the United States Surgical Staplers  market is set to grow annually at rate of around 7%
• It was established through primary research that the United States Surgical Staplers  market was valued at around USD 1,200 million in 2019
• The “Open Surgery” category, on the basis of surgery type segmentation, was the leading revenue generating category accounting for around 63% share, in 2019
• On the basis of application segmentation, the “cardiac & thoracic surgery” category held the leading share at more than 33%, in 2019

Key Recommendations from Analysts

• As per our analysts, United States Surgical Staplers growing at high CAGR and various end-use industries are aware of this potential market and applications of surgical staplers.
• Growing at a CAGR around 7.3%, United States Surgical Staplers market provides numerous opportunities for all of the involved stakeholders across the entire value chain
• Our analysts have identified open surgery and cardiac & thoracic surgery are dominating segments for United States surgical staplers  market in terms of surgery type and application segmentations respectively

Market Attractiveness – By Application

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the surgical staplers market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the surgical staplers market.

The study provides a decisive view of the surgical staplers market by segmenting the surgical staplers market by surgery type, by application, and by end-user, and US regions. All the segments and sub-segments have been examined based on historic, current and future trends in the global market and the market size is estimated from 2020 to 2026 in terms of volume and value. The regional segmentation includes the current and forecast demand for the US.

Surgical staplers are staplers that are essentially used in different surgical procedures for closing skin wounds or to take out pieces of the lungs or entrails. Surgical staplers are a better option over stitches since they are exact, simpler, predictable, and quicker to utilize overhand sutures. The US Surgical staplers industry gives various rewarding chances to different ventures, associations, merchants, and affiliations working over the US. An increase in the number of surgeries over the US region, combined with expanding inclinations for negligibly intrusive medical procedures is the main consideration driving the development of the US market. Further, inclinations for Surgical staplers over stitches are likewise foreseen to fuel target market development over the figure time frame.

For the growth of the US surgical staplers market, an increase in the number of surgical procedures worldwide is recognized as one of the key driving factors. As, Surgical staplers are preferred in most surgeries such as in the thoracic surgical procedures, wound closure, and work-related injuries. Key players operating in the surgical stapler industry are majorly derived towards the development of cost-effective and easy-to-use surgical staplers with advanced technology. One of the factors restraining the growth of the target market is High costs associated with the surgical staplers.

Based on segmentation the market can be classified on the basis of by surgery type, by application, and by end-user. Based on the surgery type, the open surgery segment accounted for the largest share of the US Surgical Staplers Market market in 2019. Further, by application segments include General Surgery, Cardiac & Thoracic Surgery, Abdominal & Pelvic Surgery and Others in which cardiac & thoracic surgery accounts for the market share of around 39% and is expected to dominate in the target market. Additionally, it can be segmented into end-users, which includes Hospitals, and Ambulatory Surgical Centers (ASCS) & Clinics in which Hospitals account for the major share of around 64% and is expected to dominate in the surgical staplers market.

Based upon the region the US surgical stapler market has been categorized as Northeast, Midwest, West, and South. In terms of revenue, the South region is expected to dominate the US market relative to markets in other regions during the 2019-2026 forecast period. Due to the high adoption rate of advanced technology South region had a major market share for the Surgical Staplers market.

Frankenman International. Companies operating in the target market are focusing on strategic partnerships such as mergers and acquisitions in order to get a competitive edge in the US market.

Report Scope

This report segments the US Surgical Staplers market as follows:

The key players operating in the market are

• Medtronic
• Johnson & Johnson Services Inc
• 3M
• B. Braun Melsungen AG
• Smith+Nephew
• Intuitive Surgical
• Conmed Corporation
• Welfare Medical Ltd
• Purple Surgical Inc
• Frankenman 

US Surgical Staplers Market: By Surgery Type Segment Analysis

• open Surgery
• Laparoscopic Surgery

US Surgical Staplers Market: By Application Segment Analysis

• General Surgery
• Cardiac & Thoracic Surgery
• Abdominal & Pelvic Surgery
• Others

US Surgical Staplers Market: By End-Users Segment Analysis

• Hospitals
• Ambulatory Surgical Centers (ASCS) & Clinics

US Surgical Staplers Market: Regional Segment Analysis

• Northeast
• Midwest
• West
• South

Key Pointers Addressed by the Report

• Historical data and forecast analysis of the market
• Drivers and Restraints affecting market dynamics
• Exhaustive analysis about the future market trends
• Comprehensive information about the leading market segments and region
• Strategic developments made by the competitive players and in-depth analysis of its impact on market growth.