Rising Incidence of Chronic Diseases Augmenting Surgical Staplers Market Growth
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 resear...