SAN FRANCISCO, August 17, 2016 /PRNewswire/ --
The global surgical stapling market is expected to reach USD 6.8 billion by 2024, according to a new report by Grand View Research, Inc. The demand for this market is expected to increase owing to the rise in bariatric procedures, and implementation of advanced technology for conducting endoscopic operations. In addition, introduction of powered surgical devices and growing need for tissue and wound management would further support the market growth and acceptance of surgical staplers. The application of stapling in medical procedures has gradually moved from open surgery to endoscopic surgery, which is further expected to propel the market growth in the near future.
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Increasing introduction of technologically advanced powered surgical staples are expected to help reduce operation fatigue and manual firing force. Some of the latest additions to the market include ECHELON FLEX Powered Surgical (Ethicon) and iDrive Ultra Powered Surgical Stapling (Medtronic). Hence, consistent introduction of technologically advanced and efficient surgical staplers will render strong growth opportunities to the surgical stapling market.
Staples find major application in bariatric surgeries. In May 2013, the American Society for Metabolic and Bariatric Surgery reported that the percentage of sleeve gastrectomy procedure has increased from 17.8% in 2011 to 42.1% in 2 years.
Endoscopic operations held the largest share accounting for approximately over 1 million procedures performed annually in the U.S. Other applications in orthopedic, gastrointestinal, & cardiothoracic, and skin grafting procedures also contribute to the increasing demand of staplers.
Browse full research report with TOC on "Surgical Stapling Market Analysis by Product (Powered Stapling Device, Manual Surgical Stapling Device), by Type (Disposable Surgical Stapling Device, Reusable Surgical Stapling Device), and Segment Forecasts to 2024" at: http://www.grandviewresearch.com/industry-analysis/surgical-stapling-market
Further Key Findings from the Study Suggests:
Grand View Research has segmented the global surgical stapling market on the basis of service and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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