Rising Incidence of Chronic Diseases Augmenting Surgical Staplers Market Growth

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The increasing prevalence of chronic diseases, such as hepatitis, cardiovascular disease, and cancer, and the rising number of surgical procedures are two of the key factors driving the growth of the surgical staplers market. In 2016, the market generated a revenue of $3.2 billion, and it is predicted to attain a size of $5.4 billion by 2023, progressing at a CAGR of 7.7% during the forecast period (2017–2023). Surgical staplers refer to medical devices used to close wounds during and after surgical procedures, by stapling pins on the surgical site, thereby causing less trauma to the patient.
Based on product, the surgical staplers market is bifurcated into manual and powered staplers. Of these, during the historical period (2013–2016), the powered bifurcation witnessed the faster growth in the market, and it is expected to continue growing quicker during the 2017–2023 period. This is attributed to the rising use of powered surgical staplers during surgeries. According to research studies, these staplers have numerous benefits, such as lesser bleeding complications and lower cost, compared to manual surgical staplers.
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The surging incidence of chronic diseases, such as hepatitis, cancer, chronic obstructive pulmonary disease, acquired immunodeficiency syndrome, and cardiovascular diseases, is expected to boost the number of surgeries, as these diseases, generally, cannot be fully cured by medication or vaccination. This results in the increasing use of surgical staplers, which, in turn, is accelerating the growth of the surgical staplers market. As per the World Health Organization (WHO), chronic diseases are the leading cause of mortality, accounting for almost 60.0% of overall deaths around the globe.
Thus, the growing incidence of various health problems and rising number of surgical procedures are expected to aid the progress of the market during the forecast period.
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