Published on : Jan 17, 2018
Albany, New York, January 17, 2018: Presently, adoption of minimally invasive procedures is increasing due to advantages such as smaller incisions, less pain and scarring and fewer complications. This has led to the adoption of surgical devices steadily. One of such devices that are gaining huge momentum worldwide is cutter staplers. In the coming years, the global cutter staplers market is expected to benefit tremendously due to increase in adoption of surgical staplers over surgical sutures. These findings have been presented in a new study, broadcasted to the wide repository of Market Research Hub (MRH), with the title of “Cutter Staplers Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast, 2017 – 2025”. The study offers a comprehensive forecast & analysis on the global cutter staplers market during the assessment period, 2017 to 2022. For the benefit of the readers, the report provides a complete outlook on the market’s growth on the basis of revenue in US$ Mn, covering different geographies namely North America, Europe, Asia, Latin America, and Rest of World.
Report Findings and Market Segmentation
To give the crystal clear picture of the market to the clients, analysts went extra miles to give detail information about market size, forecast, drivers, restraints, trends and opportunities of all the regions that have been covered in this report. Apart from regional insights, experts have also given comprehensive information on various segments and its sub-segments. In this report, the market for cutter staplers has been broadly segmented into type, applications, use and distribution channels. According to the research evaluations, the global cutter staplers market is likely to be worth US$4,368.6 mn by the end of 2025 from its valuation of US$2,060.2 mn in 2016. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 8.8%.
Cutter staplers are surgical stapling devices which are used in surgical procedures in order to seal or close the wound or the incised portion of the body. As the number of surgical procedures has been rising, the demand for cutter staplers is also rising. Surgical staplers have the advantage of being more economical, quicker, and cause fewer infections than stitches. All of these factors have made a major contribution towards the growth of the global cutter staplers market.
On the basis of geography, the research finds that North America led the global market, boasting a share of about 39% in the global market. In term of cutter staplers usage products divided into reusable and disposable. By type market further segmented into an endo, open and other types of staplers. Out of these, endo staplers are expected to dominate the global market in the near future. Major applications include abdominal surgery, thoracic surgery, gynecology and others.
Later, a chapter clearly depicts the competitive landscape of the cutter staplers market, along with key developments made by leading market players and their current standings in the global market. Key players include Frankenman International Ltd., Johnson & Johnson Services, Inc., Victor Medical Instruments Co., Ltd., Medtronic Plc., and Purple Surgical International Ltd.
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