The rising incidence of chronic diseases is fueling the demand for surgeries, which is one of the main factors responsible for the soaring sales of surgical staplers all over the world. As per the World Health Organization (WHO), chronic diseases are the number one cause of mortality and they are responsible for around 60% of all deaths across the world. Out of all chronic illnesses, cardiovascular diseases are responsible for the highest number of deaths.
Browse In-depth Surgical Staplers Market Research Report
According to the World Population Ageing 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years or above will rise from 727 million in 2020 to more than 1.5 billion by 2050. As geriatric people are highly vulnerable to various diseases, owing to their weak immune systems, their surging population is augmenting the need for surgeries. In addition, the growing preference of people for minimally invasive surgical procedures is also expected to fuel the surgical staplers market at a CAGR of 7.7% from 2017 to 2023.
Furthermore, the value of the market will surge from $3.2 billion in 2016 to $5.4 billion by 2023, as per the estimates of the market research company, P&S Intelligence. This is because these staplers, unlike traditional sutures, allow for rapid and efficient wound closure and cause minimal inflammation. Between powered and manual staplers, the demand for the latter was found to be higher during the last few years. These staplers are preferred over the powered ones, due to their economical nature. Moreover, they cause fewer infections and facilitate faster wound closure than conventional stitches.
