The size of the North America Surgical Staplers Market is estimated to be USD 2.09 billion by 2027 from USD 1.44 billion in 2022, growing at a CAGR of 7.65% from 2022 to 2027.
The rising prevalence of chronic diseases such as diabetes, cardiovascular diseases, orthopedic disorders, and surgical operations is driving the North American surgical staplers market growth. Also, the increase in the incidences of accidents and sports injuries is expected to fuel the market growth.
In addition, the increase in technological advancements for developing advanced surgical staplers and techniques is expected to provide lucrative growth opportunities for the market players. Furthermore, rising popularity among people about cosmetic procedures and surgeries are uplifting the growth of surgical staplers in the market.
The rising government initiatives for developing advanced medical and healthcare infrastructure and services for the people are enabling the new market entrants to come up with cutting-edge products, thereby increasing the surgical staplers in the market in the North American region. On the other hand, the rising medical tourism and the increase in performing C-sections during pregnancy to avoid complications and unfavorable outcomes also increase the demand in the market growth. Furthermore, key players in the region are investing in research and development activities. Rising preferences towards minimally invasive surgical procedures as they offer fewer complications and have faster recovery time enable market growth.
However, an increase in the costs of the procedures and advanced methods with the rising costs of raw materials is restraining the growth of surgical staplers in the North American market. In addition, the presence of various alternative surgical processes and traditional methods available in the market with low-cost services also restrict the market's growth. In addition, the risks and complications associated with the surgical staplers, such as side effects, infections, allergic reactions, and the stringent government rules and regulations with strict approval processes for approving products, are also hindering the growth rate of surgical staplers in the North American market.
This research report on the North American surgical staplers market has been segmented and sub-segmented into the following categories.
By End User:
Geographically, the North American market led the global market in 2020, and it is estimated to continue its dominance during the forecast period. The regional market growth is attributed to the availability of advanced healthcare infrastructure, increasing healthcare spending, and favorable reimbursement policies.
The U.S. surgical staplers market is predicted to dominate the North American market during the forecast period due to an increase in the adoption of technological advancements, increasing awareness about new advanced technological procedures available in the market, and high healthcare spending. Also, increasing focus on medical tourism and rising preferences for minimally invasive procedures is expected to encourage market growth. Furthermore, the rising population and a rising senior population with growing incidences of road accidents and sports injuries among the people as in the US there were 33,244 motor vehicles accidents with 36,096 deaths. In Canada, more than three lakhs of accidents happen every year, increasing the demand for surgical staples in the market.
The Canadian surgical staplers market is also expected to have significant growth during the forecast period. It is expected to be favored by the government initiatives for developing proper health care facilities, increasing research and development activities. The rising number of road accidents is propelling the Canadian surgical staplers market.
KEY MARKET PLAYERS:
A few of the noteworthy companies operating in the North America 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.
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