Albany, NY -- (SBWIRE) -- 09/29/2016 -- Stapling devices are increasingly being used in place of sutures as they are faster, more accurate, and more consistent. The increasing demand for staples in bowel, gynecologic, thoracic, gastrointestinal, and several other surgeries is primarily driving the global surgical stapling devices market. A new market intelligence report by Transparency Market Research, titled "Surgical Stapling Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024," offers a detailed evaluation of the market. It provides insights into driver, restraint, and opportunities impacting the growth of the market. It also presents a detailed description of the competitive landscape and profiles of the key players.

Rising geriatric population, advancements in the medical tourism industry, presence of conducive reimbursement scenarios in developed and developing nations, and growing prevalence of chronic diseases are contributing to the increase in surgical procedures. This, in turn, is benefitting the global surgical stapling devices market. Moreover, the increasing demand for minimally invasive procedures coupled with the development of innovative and technologically advanced products is fuelling the growth of the market. Other factors such as the presence of advanced healthcare facilities in developed economies and rapidly growing healthcare infrastructure in emerging economies are working in favor of the growth of the market.

The increasing use of advanced wound closure materials such as clips, glues, and fibrin sealants is creating a dent in the demand for stapling devices. Furthermore, the implementation of stringent regulations in countries including the U.S. is restraining the growth of the market.

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On the basis of product, the global surgical stapling devices market is segmented into powered and manual. Based on nature, the market is categorized into disposable and reusable. Geographically, North America and Europe are the leading markets for surgical stapling devices and are expected to maintain their position during the forecast period. The growth of these regions can be attributed to the high awareness and early acceptance of innovative and technologically advanced equipment. Asia Pacific and Rest of the World (RoW) are likely to exhibit exceptional growth over the forecast period. These regional markets are driven by increasing awareness regarding advanced surgical equipment, presence of large patient pool, and rising healthcare expenditure in emerging economies.

The global surgical stapling market is highly competitive in nature and intense price competition from local manufacturers is impacting the revenue generation of large companies. The availability of surgical staplers has been for years now and these devices are maturing in their technology. Some of the key players in market are Alcon Laboratories Inc., CareFusion Corporation, Conmed Corporation, Ethicon Inc., KLS Martin Group, Smith & Nephew PLC, Stryker Corporation, and Zimmer Holdings Inc.

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