The main objective of this report is to define, describe, and forecast the global “Surgical Stapling Devices” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to report the global surgical stapling devices market is expected to grow at a CAGR of 8.5% over the forecast period of 2017 – 2023.
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Global Surgical Stapling Devices Market: North America has amassed the growth in Surgical Stapling Devices Market
The global Surgical Stapling Devices market has been dominated by the North America region over the historic period 2015-16 followed by Europe.
Presence of advanced technologies and early acceptance, increasing number of surgeries performed across the region and rising geriatric population are the prime factor responsible for the growth of Surgical Stapling Devices market in this region.
Growing awareness regarding the benefits of surgical stapling, rising demand for advanced medical technologies and increasing healthcare expenditure are anticipated to boost the market for Surgical Stapling Devices.
Increasing geriatric population to boost the growth in Surgical Stapling Devices Market
Ongoing increase in the geriatric population is one of the recent trends in the global Surgical Stapling Devices market. Moreover, this trend is further anticipated to drive the global Surgical Stapling Devices market over the forecast period.
Moreover, growth in geriatric population is responsible owing to factors such as growing diabetic disorders, changing lifestyle and unhealthy diet.
Increasing demand for surgical stapling
Increasing demand for surgical stapling is the key factor responsible for the growth of global Surgical Stapling Devices market.
Moreover, the rise in demand for surgical stapling is responsible owing to benefits associated with them such as speedy recovery, minimal pain, coagulation and accurate wound closure.
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Leading vendors in the market are concentrating on developing advanced devices and expansion strategies in emerging economies which is anticipated to bring more opportunities and chances of growth.
The leading companies identified in the market as Meril Life Sciences Pvt. Ltd., Johnson & Johnson Services, Inc., Dextera Surgical Inc., 3M Company, Purple Surgical Holdings Limited, Grena Ltd and Medtronic PLC.