The size of the Surgical Staplers Market in Latin America is anticipated to be worth USD 0.33 billion by 2028 from USD 0.24 billion in 2023, growing at a CAGR of 6.93% from 2023 to 2028.
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 fewer immune reactions when compared to the latter. Modern staples are broad of two types; the first kind is disposable and made of plastic, and the second type is reusable & made of stainless steel. Disposable cartridges usually load both of 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. In addition, 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 Latin American Surgical Staplers Market has been segmented and sub-segmented into the following categories.
By End User:
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.
The Brazilian surgical staplers market is expected to dominate the Latin American market during the forecast period. This is because there have been significant advancements in the creation of skin staplers in recent years. Surgical staplers are specialist medical staplers that may be used to close wounds as an alternative to sutures.
The Mexican surgical staplers market is projected to witness a promising share in the Latin American market in the coming years. Increasing incidence of sports injuries, technological developments in regenerative medicine, and increasing investments are driving the market growth. As a result, the demand for surgical staplers is increased due to the growing usage, and the incidence of ligament tears and fractures is high among people participating in sports.
KEY MARKET PLAYERS:
Some of the prominent companies operating in the Latin American surgical staplers market profiled in this 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.
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