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2024-2033 Surgical Stapling Devices Market Growth Rate: What’s the Forecast?

In the past few years, the market size for surgical stapling devices has experienced swift growth. The projections indicate an increase from $3.87 billion in 2023 to $4.27 billion in 2024, with a compound annual growth rate (CAGR) of 10.4%. Factors such as adoption of minimally invasive surgery, increasing aging population, escalating cases of chronic illnesses, patient preference for minimally invasive procedures, and development of healthcare infrastructure have contributed to the growth in the historical period.

The market size of surgical stapling devices is anticipated to experience robust growth in the upcoming years, skyrocketing to $6.06 billion by 2028 with a compound annual growth rate (CAGR) of 9.1%. This anticipated increase in the prediction period is due to various factors such as the growing number of surgical procedures in upcoming markets, increased bariatric surgeries, a shift towards outpatient procedures, an emphasis on value-based healthcare and a rise in robot-assisted surgeries. Prominent trends within the prediction period include technological advances, fusion with imaging technologies, telemedicine and distant surgical assistance, personalizable stapling solutions, and the use of artificial intelligence in surgical decision-making.

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What Drivers Are Accelerating the Growth of the surgical stapling devices Market?

The surgical stapling devices market’s growth is predicted to be fueled by an increase in gastrointestinal surgery procedures. These procedures are utilized to address disorders impacting the body’s digestive system and cover treatment for both standard and rare problems with the small intestine, esophagus, and stomach. Surgical stapling devices are invaluable tools for surgeons, aiding in achieving optimal homeostasis or tissue apposition in an array of gastrointestinal surgeries without causing significant tissue damage or ischemia. As per data from the United Network for Organ Sharing, a non-profit scientific and educational organization in the US, the number of liver transplants involving living donors reached a new annual record in 2022, with 603 cases. This figure marks an over 6% increase from 2021. Consequently, the upswing in gastrointestinal surgery procedures is propelling the surgical stapling device market’s growth.

What Key Segments Can Be Identified in the Surgical Stapling Devices Market?

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

What Trends Are On the Rise in the Surgical Stapling Devices Market?

Innovations in technology are becoming a prevalent trend in the surgical stapling device market. Leading corporations in this market are embracing novel technologies to maintain their market standing. For example, in March 2021, Ethicon, a Johnson & Johnson Medical Devices company based in the US, introduced the ECHELON+ Stapler with GST Reloads. This groundbreaking battery-operated surgical stapler is designed to increase staple line firmness and avoid issues by delivering more uniform tissue compression and superior staple formation in difficult scenarios. Several unique design characteristics set this new device apart from older staplers, including a remodeled ECHELON+ Anvil with Grip Surface Technology (GST) Reloads, facilitated to provide more even compression for superior capture and staple formation. Furthermore, a new motor with Dynamic Firing has been added, which adjusts firing speed in dense tissue to boost compression and enhance auditory signals.

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What Regions Are Steering Growth in the Surgical Stapling Devices Sector?

North America was the largest region in the surgical stapling devices market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical stapling devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Surgical Stapling Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the surgical stapling devices market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Surgical Stapling Devices Market Include

1. Surgical Stapling Devices Market Executive Summary

2. Surgical Stapling Devices Market Segments

3. Surgical Stapling Devices Market Size And Template Market Growth Rate

4. Key Surgical Stapling Devices Market Trends

5. Major Surgical Stapling Devices Market Drivers

……

25. Key Mergers And Acquisitions In The Surgical Stapling Devices Market

26. Top Surgical Stapling Devices Companies

27. Surgical Stapling Devices Market Opportunities And Strategies

28. Surgical Stapling Devices Market, Conclusions And Recommendations

29. Appendix

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