Surgical Stapling Devices Competitive Landscape and Market Segment Analysis
Surgical Stapling Devices Market By Product Type (Powered Surgical Staplers and Manual Surgical Staplers), By Type (Circular, Linear, Curved, Skin Closure, Others), By Usage (Single Use/ Disposable And Reusable), By Application (Abdominal & Pelvic Surgery, Cardiac & Thoracic Surgery, Cosmetic Surgery, and Others), By End User (Hospitals, Ambulatory Surgical Centres, Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World).
In the surgical stapling devices product type segment, the powered surgical staplers are projected to hold a significant market share during the forecasted period. This is owing to the availability of various technologically advanced powered surgical staplers. Furthermore, benefits such as easier to operate, and optimized stapling solutions capable of reducing leaks without compromising perfusion, less movement during transection, and others associated with powered surgical staplers will also fuel the market of powered surgical staplers.
Additionally, an increase in financing for product R&D, clinical research, and marketing promotion, among others by companies focused on manufacturing and commercialization of innovative surgical instruments such as surgical staplers will also lead to segmental growth. For instance, recently in May 2021, IntoCare Medical Technology (Suzhou) Co., Ltd., a global pioneer in powered surgical staplers, completed up to 100 million RMB round D financing for clinical research, product research and development, marketing promotion.
Also, approval for powered surgical staplers is anticipated to spur the segmental market of surgical staplers. For instance, in December 2020, Fengh Medical Co., Ltd. Received FDA approval for Disposable Powered Articulating Endoscopic Linear Cutter Stapler & Reloads intended for transection, resection, and/or creation of anastomoses.
Hence, all the aforementioned factors will lead to the segmental growth of the Surgical Stapling Devices market in the coming years.
Read More- Surgical Stapling Devices Market Forecast
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