Market Overview

The $2.13 Billion European Surgical Staplers Market (2018-2023): Analysis by Product, Type and Application - ResearchAndMarkets.com

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The Europe surgical staplers market is expected to grow at a CAGR of
8.10%, leading to a revenue of US$2.13 billion by 2023.

Minimally invasive surgeries have a high rate of growth in the region in
terms of patient acceptance. Currently, the baby boomers' generation
belongs to the age group of 40-50, and this group forms a sizeable
portion of the population in Europe. This generation is well informed
about the technological developments in the field of healthcare,
resulting in the robust acceptance of newer technologies like that of
minimally invasive surgeries and thereby creating a direct demand for
surgical staplers in the region.

Additionally, countries like France, UK, Spain and Italy are expected to
show good growth rates of adoption of such staplers due to a conducive
growth environment contributed by government support on healthcare and
greater awareness in the surgeon community.

The gradual aging of the European population -more than 17.5%
percent is aged 65 or older-
is expected to increase demand for the
treatment of conditions related to old age and result in a hike in need
for elderly care in successive years. Governments will continue to play
the most prominent role in healthcare provisioning and spending. The
revenues from surgical staplers that are used in geriatric
population-specific procedures like cardiac surgeries, orthopaedic
surgeries are expected to have a higher growth rate.

The Europe surgical staplers market is segmented by product into manual
and powered surgical staplers and by type into reusable and disposable
surgical staplers. The powered surgical staplers dominated the market
share in 2017 while the reusable surgical stapler is expected to grow at
a higher CAGR during the forecast period (2018-2023).

The Europe surgical staplers market is further segmented based on its
applications - abdominal surgery, cardiac surgery, orthopaedic surgery,
general surgery and other surgeries. In 2017, the abdominal surgeries
segment held the biggest share of the market.

Key Growth Factors

More than 75% of spending on health care is publicly financed on an
average in EU countries, and out-of-pocket payments account for 15% of
the total healthcare spending. Most people are covered by healthcare
insurance (European Health Insurance Card) financed by the government.
Thus, opting for critical surgeries of high cost is not a problem.

This drives forward the surgical staplers market in the region.
Additionally, the share of the population aged 65 years and above is
increasing in Europe and the population above the age of 60 is expected
to grow from 18% at present to 30% by 2060, leading to rise in
age-related surgeries like orthopaedic and cardiac, giving a boost to
the surgical staplers market.

Threats

Medical Tourism has increased a lot in recent years where patients from
Europe visit developing countries like India to seek low-cost medical
surgeries. This may lead to drop in the number of surgeries in Europe
and hinder the growth of surgical staplers market in Europe.

Also, political turmoil such as Brexit and Eurozone crises are hindering
the growth of the surgical staplers market and the companies often want
to relocate to more politically stable regions.

Key Players

  • Covidien (Medtronic)
  • Ethicon
  • Grena
  • B.Braun
  • Dextera Surgical
  • Intuitive Surgical
  • Johnson & Johnson
  • 3M
  • Grena Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/2rtk6h/the_2_13_billion?w=4

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