The size of the Surgical Staplers Market in Latin America was valued at USD 0.24 billion in 2021 and Expected to grow at a CAGR of 6.93% to reach USD 0.33 billion by 2026 during the forecast period.
Staples were initially made of stainless steel with titanium staples loaded into reloadable staple cartridges. Titanium is used more than stainless steel since the former causes less immune reactions when compared to the latter. Modern staples are broad of two types; the first kind is disposable and made of materials like plastic, and the second type is reusable & made of stainless steel. Disposable cartridges usually load both these types. Staples come in straight, curved, and circular shapes and circular staplers are used for bowel resection and end-to-end anastomosis. Various models of staplers are used for open and laparoscopic surgeries. Laparoscopic surgeries utilize longer and thinner staplers since it is easy for use with trocar ports. Synthetic bio-absorbable staplers are present, which are made by materials like polyglycolic acid.
The Latin America Surgical Staplers market is driven by medical tourism in developing countries, rising demand for healthcare in low and middle-income countries, a growing number of surgical operations around the world, rising number of increased preference of staplers over sutures, growing technological advancements, increasing popularity of cosmetic surgeries and growing demand for minimally invasive procedures among others.
This market is constrained by the high price of devices and alternative methods available for wound care.
This research report on the North America Surgical Staplers Market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2024.
Based on Type, the reusable stapler segment is expected to have a higher growth rate during the forecast period.
Based on the Product, the manual surgical stapler has a larger share among the two.
Based on End User, the Hospitals have the largest market share in this segment.
Based on the Region, The market is still in its initial stages in the region. However, factors such as rising demand for minimally invasive procedures, growing medical tourism in developing countries, and increasing investment in the healthcare sector in low and middle-income countries are expected to raise the market growth in the region.
Key market players leading the LATAM Surgical Staplers Market Profiled in the Report are Ethicon Inc., Medtronic plc, CONMED Corporation, Smith & Nephew, Purple Surgical Inc., Intuitive Surgical Inc., Welfare Medical Ltd., Reach surgical Inc., Merril Life Science Pvt. Ltd., Grena Ltd., B. Braun Melsungen AG, Dextera Surgical Inc., Frankenman International, and Becton & Dickinson
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.1 Disposable Stapler
5.1.2 Reusable Stapler
5.1.3 Y-o-Y Growth Analysis, By Type
5.1.4 Market Attractiveness Analysis, By Type
5.1.5 Market Share Analysis, By Type
5.2.1 Manual Surgical Stapler
5.2.2 Powered Surgical Stapler
5.2.3 Y-o-Y Growth Analysis, By Product
5.2.4 Market Attractiveness Analysis, By Product
5.2.5 Market Share Analysis, By Product
5.3 End Users
5.3.2 Ambulatory Surgical Centres
5.3.4 Y-o-Y Growth Analysis, By End Users
5.3.5 Market Attractiveness Analysis, By End Users
5.3.6 Market Share Analysis, By End Users
5.4.8 Y-o-Y Growth Analysis, By Application
5.4.9 Market Attractiveness Analysis, By Application
5.4.10 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Type
220.127.116.11 By Product
18.104.22.168 End Users
22.214.171.124 By Application
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Type
188.8.131.52 By Product
184.108.40.206 End Users
220.127.116.11 By Application
6.1.5 Market Share Analysis
18.104.22.168 By Type
22.214.171.124 By Product
126.96.36.199 End Users
188.8.131.52 By Application
6.4 Rest of Latin America
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Ethicon Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Medtronic plc
8.3 CONMED Corporation
8.4 Smith & Nephew
8.5 Purple Surgical Inc.
8.6 Intuitive Surgical Inc.
8.7 Welfare Medical Ltd.
8.8 Reach surgical Inc.
8.9 Meril Life Science Pvt. Ltd.
8.10 Grena Ltd.
8.11 B. Braun Melsungen AG
8.12 Dextera Surgical Inc.
8.13 Frankenman International
8.14 Becton, Dickinson and Company
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures