Global Surgical Staplers Market Is Anticipated To Witness High Growth Due To Increasing Surgical Procedures And Growing Inclination For Minimally Invasive Surgery

 

Surgical Staplers Market

Overview:

Surgical Staplers compress and connect two tissue pieces to close an open wound. They are either linear or circular in design and cut away excess tissue for a clean closure of the wound. During surgery, medical professionals use surgical staplers to close large or deep lacerations in an effort to reduce scarring and improve healing. They can be used to close skin wounds on the abdomen, leg, arm, scalp or back. These devices are also used to close the vascular system in organ transplants. However, many surgical staplers have been known to cause a number of complications including leakage and bleeding. The stapler jaws must be positioned correctly in order to minimize blood loss and ensure the line of staples remains sealed.

The Global Surgical Staplers Market Was Valued At US$ 4,014.4 Mn In 2021 And Is Forecast To Reach A Value Of US$ 6,379.0 Mn By 2028 At A CAGR Of 6.8% Between 2022 And 2028.

Market Dynamics:

Growing technological advancements are estimated to augment growth of the global Surgical Staplers Market during the forecast period. For instance, 3M declared the release of the PREVENT RESTOR AXIO•FORMTM Incision Management Platform in October 2020. It is aiming to manage soft tissue envelope around post-operative incisions in orthopedic surgery. Moreover, increasing cost of devices is anticipated to restrain growth of the global surgical staplers market during the forecast period.

Impact of COVID-19:

The pandemic had a negative impact on the global Surgical Staplers Market as there was a decrease in the number of elective surgeries being performed. As the number of COVID-19 cases were increasing people, hospitals were running out of resources. There was a shortage of skilled professionals and necessary equipment. Several small clinics were also closed during the lockdowns imposed by many governments. Social distancing measures, limited clinics and lockdowns affected the market. Doctors were prioritizing COVID-19 patients and many other treatments were delayed. This also hampered the growth of the global surgical staplers market.

Key Takeaways:

The global Surgical Staplers Market is anticipated to witness high growth, exhibiting CAGR of 6.8% during the forecast period, due to increasing product launches. For instance, the Veritas Collagen Fibers, was unveiled by Baxter International Inc., in February 2020. This is an updated version of their Peri-Strips Dry, this is also known as PSDV.

North America is anticipated to witness significant growth in the global Surgical Staplers Market during the forecast period, owing to growing prevalence of diseases and rising geriatric population.

Major players operating in the global Surgical Staplers Market are Touchstone International Medical Science Co. Ltd, Ethicon USA, LLC, Intuitive Surgical, 3M, Intuitive Surgical, B. Braun Melsungen AG, Frankenman International Limited, CONMED Corporation, Smith+Nephew, Zimmer Biomet, Purple Surgical, Stryker, and Medtronic.

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