SELBYVILLE, Del., June 1, 2020 (Newswire.com) - Global Market Insights, Inc. has recently added a new report on the surgical staplers market in the United States, which estimates the market valuation for surgical staplers in the region will cross USD 2.6 billion by 2026. Rapid growth in the number of surgical operations and procedures will positively influence market growth.
Moreover, the growing prevalence of chronic diseases requiring invasive surgical procedures will boost the market growth. For instance, bypass surgery is one of the most common types of heart surgery in the U.S. According to recently published statistics by the Texas Heart Institute, more than 200,000 bypass surgeries are performed each year across the country. Hence, such a large patient pool in the U.S. will support the market expansion in the coming years.
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The rising focus of healthcare facilities towards the adoption of surgical staplers over other wound closure devices will drive the market growth. As surgical staplers reduce the postoperative complications, orthopedic surgeons in the U.S. are increasingly using surgical staplers for skin closure. Moreover, the combination of new functions and new abilities has led to an increase in advancements and effectiveness of the suturing procedure that, in turn, will drive the market growth. The advancements in surgical staplers have made the surgical procedures safer as well as more feasible. Furthermore, the introduction of technologically developed surgical staplers by the industry players will augment the growth of the surgical staplers market in the U.S.
The endoscopic staplers segment was valued at USD 123.7 million in 2019 and is expected to show lucrative growth in the projected years. The segmental growth is attributed to factors such as rising demand for minimally invasive surgeries and an increasing number of endoscopic surgical procedures. The endoscopic surgical staplers provide ergonomic design, articulation, and one-handed grasping that help in increased versatility and enhance the user experience. Moreover, rising demand for lower gastrointestinal endoscopies such as colonoscopy and flexible sigmoidoscopy will increase product adoption, thereby fueling market growth.
The manual staplers segment held a market share of around 23.8% in 2019. Manual surgical staplers are available at low costs and are very easy to use for the practicing healthcare professionals in the U.S. Additionally, major companies operating in the surgical staplers market are focusing on the production of manual surgical staplers. Hence, easy availability and cost-effectiveness of the manual staplers will boost segmental growth.
Browse key industry insights spread across 90 pages with 32 market data tables & 15 figures & charts from the report “U.S. Surgical Staplers Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
The disposable surgical staplers market held a significant market share in 2019 and is projected to expand at a CAGR of 6.9% over the forecast period. An increasing number of patients requiring complicated surgical procedures such as cancer and cardiovascular surgeries will drive market growth. The disposable staplers are ideal for post-operative wound closures. Thus, owing to its use in complex surgical procedures, the segment will witness substantial growth in the coming years.
The bariatric surgery segment was valued at USD 511.4 million in 2019. The large share of this segment is owing to the rising demand for minimally invasive techniques and the increasing prevalence of obesity due to excessive calorie intake. For instance, according to the recently published data by the American Society for Metabolic and Bariatric Surgery, in 2018, around 252,000 bariatric procedures were performed in the U.S. Hence, such a large group of patients undertaking bariatric surgeries will enhance the market growth over the analysis timeframe.
Some major findings of the U.S. surgical staplers market report include:
- Increase in the number of surgical procedures across the country will positively impact the growth of the U.S. surgical staplers market.
- Rising adoption of surgical staplers over sutures and the emergence of new technologies related to wound closure devices will contribute to the market growth.
- Competitors focus on new product launches, strategic acquisitions and partnerships in a bid to capture market share and strengthen revenue generation.
Some of the prominent players in the U.S. surgical staplers industry are 3M Company, B. Braun Melsungen AG, Ethicon (Johnson & Johnson), CONMED Corporation, Integra Life Sciences, Intuitive Surgical, CooperSurgical and Medtronic, among others. These market players are majorly focusing on various strategies such as acquisitions, mergers, new product launches, product approvals, partnerships and collaborations. For instance, in May 2018, Intuitive Surgical received FDA approval for its 60mm stapler. The product approval increased the product portfolio of the company and further assisted in revenue generation.
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Partial chapters of the report table of contents (TOC):
Chapter 3. U.S. surgical staplers Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2026
3.3. Industry impact forces
3.3.1. Growth drivers
188.8.131.52. Increase in number of surgical procedures
184.108.40.206. Rising adoption of staplers over sutures
220.127.116.11. Technological advancements in surgical staplers
3.3.2. Industry pitfalls & challenges
18.104.22.168. Adverse events and product problems associated with surgical staplers
22.214.171.124. Prevalence of traditional wound closure practices
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By technology
3.4.3. By usability
3.4.4. By surgery
3.5. COVID-19 impact analysis
3.6. Regulatory landscape
3.7. Porter’s analysis
3.8. Competitive landscape, 2019
3.8.1. Company matrix analysis, 2019
3.9. PESTEL analysis
Browse complete report table of contents @ https://www.gminsights.com/toc/detail/us-surgical-staplers-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider offering syndicated and custom research reports, along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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