Surgical staplers are referred as medical devices used in surgical procedures to seal or close a wound or incised portion of the body. These are specialized instruments that can be used to close both internal as well as external wounds. Reusable staplers are revolutionary instruments invented to replace conventional sutures that were used for wound closure and are still considered as the gold standard. Surgical staplers are used to close wounds in several surgical procedures such as abdominal surgeries, thoracic surgeries, and laparoscopic surgeries, and gaining acceptance over conventional sutures. Reusable surgical stapling devices can be used on multiple patients after sterilization. A reusable surgical stapling device is made of stainless steel. It is fitted with disposable cartridges and a stapler that can be sterilized multiple times after use, allowing it to be used on multiple patients.
Increase in geriatric population across the globe is expected to drive demand for surgical stapling devices due to rise in prevalence of diseases among this population, and consequently, the number of surgeries performed. Certain research-oriented companies such as Medtronic plc and Ethicon (a Johnson & Johnson company) are working on reusable stapling devices with absorbable staplers. Introduction of stapling devices with absorbable staplers is expected to boost the global reusable surgical stapling market during the forecast period. As research proceeds and the patents with the stapling devices are expiring, the many local players are participating the local as well as global surgical stapling devices market. For instance, companies such as Meril Life Sciences Pvt. Ltd., Lotus Surgicals Private Limited, Changzhou Medical Bioengineering Co., Ltd., and Changzhou Haiers Medical Devices Co., Ltd. are the major local players in Asia. Out of these companies Meril life Sciences and Changzhou Medical Bioengineering Co., Ltd. has started penetrating the Middle East and African market with strong market penetration. The cost of reusable surgical stapling devices ranges from US$ 75 to US$ 300, nearly thrice the cost of high grade suturing materials currently available in the market. Hence, high cost of reusable surgical stapling devices is likely to hinder the growth of the market in terms of sales revenue during the forecast period.
The global reusable surgical staplers market can be segmented based on type, application, end-user, and region. In terms of type, the market can be categorized into manual and powered reusable staplers. Powered surgical reusable staplers is the largest segment due to ease of use and advanced technology in comparison with manual reusable staplers. Based on application, the global reusable surgical staplers market can be classified into abdominal surgeries, thoracic surgeries, gynecology, and others. In terms of end-user, the market can be divided into hospitals, specialty clinics, and ambulatory surgical procedures.
In terms of region, the global reusable surgical staplers market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to hold major share of the global reusable surgical staplers market during the forecast period owing to presence of major medical device manufacturers in the region, large patient population, and increase in technological developments. The market in Asia Pacific is expected to expand at a higher growth rate during the forecast period. Increase in health care spending and improving health care infrastructure in the region are expected to drive the reusable surgical staplers market during the forecast period. Rise in the number of surgical procedures for chronic diseases, surge in medical tourism, and proactive educational campaigns to spread awareness among patients and health care professionals propel the global reusable surgical staplers market.
Key players operating in the global reusable surgical staplers market are Johnson & Johnson Services, Inc., Medtronic plc, Frankenman International Ltd., Victor Medical Instruments Co., Ltd., and Purple Surgical International Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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