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 According to The Business Research Company’s Surgical Stapling Devices Global Market Report 2023, the global surgical stapling devices market will expand from $3.50 billion in 2022 to $3.87 billion in 2023, with a 10.5% CAGR. The market is projected to reach $5.53 billion in 2027, growing at a 9.4% CAGR.

What was the major driver in the surgical stapling devices market?
The surge in gastrointestinal surgery cases is set to drive the surgical stapling device market’s expansion. Gastrointestinal surgery treats disorders in the digestive area, addressing issues in the small intestine, esophagus, and stomach. Surgical stapling devices facilitate various gastrointestinal procedures by ensuring hemostasis and tissue apposition without causing significant tissue damage. For example, in Japan, pancreas surgeries increased from 19,703 in 2019 to 19,947 in 2020, while liver surgeries rose from 26,582 in 2019 to 26,614 in 2020, as reported in Japan’s National Clinical Database 2020 for gastroenterology surgery. Hence, the upsurge in gastrointestinal surgeries fuels the surgical stapling device market’s growth.

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What was the key trend in the surgical stapling devices market?
Technological advancements are a prominent trend in the surgical stapling device market. Leading companies are embracing new technologies to maintain their market positions. In March 2021, Ethicon, a subsidiary of Johnson & Johnson Medical Devices, introduced the ECHELON+ Stapler with GST Reloads, enhancing staple line security through improved tissue compression and staple creation under challenging conditions. Notable design innovations include a reengineered ECHELON+ Anvil with Gripping Surface Technology (GST) Reloads for uniform compression and a new motor with Dynamic Firing to optimize speed in thick tissue, improving compression and feedback.

Which was the largest region in the surgical stapling devices market?
North America was the largest region in the surgical stapling devices market in 2022. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in surgical stapling devices report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the surgical stapling devices market prominent players?
Major players in the surgical stapling devices market are 3M Company, Medtronic PLC, Johnson & Johnson MedTech, Becton, Dickinson and Company, Stryker Corporation, B. Braun SE, Zimmer Biomet Holdings Inc., Intuitive Surgical Inc., Smith & Nephew PLC, Teleflex Incorporated, CONMED Corporation, Meril Life Sciences India Pvt. Ltd., Blue Sail Medical Co Ltd., Surgical Specialties Corporation, Ackermann Instrumente GmbH, Frankenman International Ltd., Touchstone International Medical Science Co. Ltd., Genesis Medtech Group., Jiangsu Qianjing Medical Equipment Co. Ltd., Purple Surgical Holdings Limited, Surgical Innovations Group, BioPro Inc., Changzhou Ankang Medical Instruments Co. Ltd., Dextera Surgical Inc., Cardica Inc., Grena Ltd., Welfare Medical Ltd., Lexington Medical Inc., Advin Healthcare Private Limited (AHPL), and Victor Medical Instruments Co. Ltd.

Key surgical stapling devices market segments
The global surgical stapling devices market is segmented –
1) By Product: Powered, Manual
2) By Surgery Type: Open Surgery, Laparoscopic Surgery
3) By Application: Gynecology Surgery, Urology Surgery, General Surgery, Other Applications
4) By End-User: Hospitals, Ambulatory Surgical Centers, Other End -Users

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The Surgical Stapling Devices Global Market Report 2023  provides a comprehensive overview on the surgical stapling devices market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

View More Related Reports –
Surgical Stapling Products Global Market Report 2023
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