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Increasing Seaborne Trade Across The Globe To Propel Port Equipment Market

The factors that are expected to fuel the growth of the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Various countries have been focusing on developing new ports owing to the increase in vessel count and trade volume. According to the International Chamber of Shipping, 90% of the world’s trade is carried out through seaways as they are ideal for heavy and bulk goods, have large carrying capabilities, and offer competitive freight costs. The global port equipment market size is expected to grow from USD 29.2 billion in 2018 to USD 36.6 million by 2023, at a CAGR of 3.30% during the forecast period. The major driving factors for the port equipment market are the increasing seaborne trade across the globe and the growing number of container shipments in Asia Pacific and the Middle East. Based on equipment type, the straddle carriers segment is estimated to lead the port equipm
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Get in-depth analysis of the COVID-19 impact on the Surgical Staplers Market 2017-202

The global surgical staplers market size is expected to reach USD 4.78 Billion by 2022 from USD 3.38 Billion in 2017, at a CAGR of 7.2 %. To track and analyze competitive developments such as expansions, mergers and acquisitions, new product developments, and approvals and agreements in the market



Browse 109 market data tables and 37 figures spread through 183 pages and in-depth TOC on "Surgical Staplers Market - Global Forecast to 2022"

The growth of the market is attributed to the increasing number of surgical procedures across the globe, growing preference for minimally invasive surgeries, technological advancements, and increasing preference for surgical staplers over sutures. The growing popularity of cosmetic surgeries, medical tourism in developing economies, increasing healthcare demand in low- and middle-income countries is expected to offer lucrative growth opportunities for players in the surgical staplers market.


Manual surgical staplers to dominate the market in 2017

Based on product, the market is segmented into manual surgical stapler and powered surgical stapler. The manual surgical stapler segment is expected to account for the largest share of the surgical stapler market in 2017. Manual surgical staplers are faster, more economical, and cause fewer infections than stitches. It also causes low tissue reactivity, which helps in preventing SSIs as compared to conventional methods available for wound closure such as sutures.

On the basis of end user, hospitals are to grow at the highest CAGR within the forecast period

By end user, the market is segmented into hospitals and ambulatory surgical centers (ASCs) & clinics. In 2017, this segment is also expected to register the highest CAGR during the forecast period. Rapidly increasing patient volume, the subsequent increase in the number of complex surgeries, easy accessibility to multiple specialty treatments in a single facility, and favorable reimbursements is expected to drive the demand for surgical staplers among hospitals.

North America to dominate the market followed by Europe

By region, the market is segmented into North America, Europe, Asia-Pacific, and RoW. In 2017, North America accounted for the largest share of the market; Asia-Pacific is expected to register the highest CAGR during the forecasted period, followed by Europe. The high growth of the Asia-Pacific market is attributed to factors such as increasing per capita income levels (and consequent increase in purchasing power), growing healthcare awareness, rising number of private sector hospitals, development of primary healthcare infrastructure, and growing medical tourism in this region. Europe is the second-largest growing market; factors such as the growing number of surgical procedures and increasing preference for bariatric and cosmetic surgeries are expected to fuel the market growth in this region.

The surgical staplers market is duopolistic in nature with two major players Ethicon Inc. (U.S.) and Medtronic plc (Ireland). CONMED Corporation (U.S.), Smith & Nephew (U.K.), Purple Surgical Inc. (U.K.), Intuitive Surgical Inc. (U.S.), Welfare Medical Ltd. (U.K.), Reach surgical Inc. (China), Meril Life Science Pvt. Ltd. (India), Grena Ltd. (U.K.), B. Braun Melsungen AG (Germany), Dextera Surgical Inc. (U.S.), Frankenman International (China), and Becton, Dickinson, and Company (U.S.) are some of the other players operating in the global surgical staplers market.


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