Pune, India -- (SBWIRE) -- 04/05/2018 -- Europe Surgical Staplers Device Market is anticipated to reach USD 999.4 million by 2024 from USD 513.3 million in 2016, at a CAGR of 8.7% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The major factors driving the growth of this market include increased surgical procedures, increased healthcare expenditure, new product launches in Europe. These factors increase the demand for surgical devices such as manual, powered, disposable and reusable surgical staplers. On the other hand, rising costs of surgical staplers device and stringent regulatory scenario may hinder the growth of the market.

Drivers: Global Surgical Staplers Market

Some of the major factors driving the market for surgical staplers market are increase in number of surgical procedures, technological advancement, increasing preference for surgical staplers over sutures, and increasing trend of minimally invasive surgeries. These factors increase the demand for devices such as manual, powered, disposable and reusable. Increasing prevalence of cardiovascular diseases, obesity, inflammatory bowel diseases, and lung cancer leading to increasing number of surgeries, and technological advancements are the major factors driving the growth of the surgical staplers market.

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INCREASE IN NUMBER OF SURGICAL PROCEDURES

High prevalence of cardiovascular diseases, obesity, inflammatory bowel diseases, and lung cancer are leading to increasing number of surgeries. The alarming rate of increase in number of surgeries has raised the demand of medical devices across the globe. This will drive the market for surgical staplers making the physicians depend on a more convenient method of wound closure.

TECHNOLOGICAL ADVANCEMENTS

The surgical staplers technology market is expected to show significant growth in the coming years due to improved patient care systems during surgeries through advancement in stapling devices. Staplers make it possible to create anastomosis quickly, easily, and securely. A new tri-staple technology has been introduced as an alternative to the standard stapler to minimize the challenges associated with extra-thick, hard to reach and high-risk tissues and tissue slippage during firing.

Market Segmentation:

The Europe surgical staplers device market is segmented on the basis of type, product type, application, end user, distribution channel, and geography. The Europe Surgical Staplers Market Report is segmented into manual and powered. In 2017, the manual surgical staplers segment is expected to dominate the market with a share of ~25.8% and is expected to continue this trend till 2024.

Surgical staplers device market is segmented into disposable and reusable. In 2017, the surgical staplers disposable segment is expected to dominate the market with a share of ~89.2% and is expected to continue this trend till 2024.

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On the basis of application, the market is segmented into abdominal, general surgery, cardiac, thoracic, orthopedic, hemorrhoids, and others. Thoracic segment is projected to witness the highest growth rate of 9.6% during the forecast period to reach a value of USD 247.2 million by 2024.

On the basis of distribution channel, the Europe surgical staplers market is segmented into direct tenders and retail. In 2017, the direct tender market is expected to dominate the market with a value of USD 743.5 million.

On the basis of end users, the Europe surgical staplers market is segmented into hospital, clinics, and ambulatory surgical centers. In 2017, the hospital segment is expected to dominate with the market share of 62.6% and is expected to continue this trend till 2024.

Based on geography, the market is segmented into ten geographical regions, such as, Germany, France, U.K., Switzerland, Netherlands, Spain, Russia, Turkey, Belgium and rest of Europe.

Market Key Drivers:

Some of the major factors driving the market for rising scope of surgical staplers devices are increased surgical procedures, increased healthcare expenditure, new product launches in Europe. These factors increase the demand for devices such as manual, powered, disposable and reusable surgical staplers.

- Rising cost of surgical staplers devices and stringent regulatory scenario are the factors which may hinder the growth of this market.

- Many companies are increasingly focusing on development of technologically advanced surgical staplers in order to strengthen their product portfolios in the surgical staplers market.

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Related Report

Global Surgical Staplers Market – Industry Trends and Forecast to 2024

Global Surgical Staplers Market, By Product Type (Manual, Powered), Type (Disposable, Reusable), Applications (Abdominal, General Surgery, Cardiac, Thoracic, Orthopaedic, Haemorrhoids, and Others), End User (Hospitals, Ambulatory Surgical Center, Clinics), Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa)- Industry Trends and Forecast to 2024

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