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Know Facts of China Surgical Staplers Industry with, new developments, major strategies adopted by the well-known players

(PharmaNewsWire.Com, February 14, 2019 ) China Surgical Staplers Market Surgical stapling is a technological advancement in medical wound closure methods and is often used as an alternative to traditional methods like suturing. The China surgical staplers market is expected to grow at a high CAGR through the forecast period.
Rise in consumer income, ageing of the overall Chinese population, and favorable government initiatives are fuelling China's healthcare market which in turn is expected to propel the surgical staplers market in the country. The Chinese government policy is focused on improving health care accessibility and affordability to the general public. Also, the government in China is keen on adopting new and advanced technologies in the healthcare landscape.

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Given the healthcare sector's favourable growth prospects, foreign medical companies like Boston Scientific signed a strategic alliance with Frankenman Medical Equipment Company in China, which is a local market leader dealing in surgical staplers. In addition to partnerships, favourable regulatory policies are helping Chinese companies grow faster and develop medical devices at a cheaper rate than the U.S. and making China one of the surgical staplers' patents producing countries.
o The China surgical staplers market is segmented by product into manual and powered surgical staplers and by type into reusable and disposable surgical staplers. The reusable surgical stapler segment is expected to grow at a higher CAGR in the forecast period (2018-2023).
o The China surgical staplers market is further segmented based on its applications - abdominal surgery, cardiac surgery, orthopaedic surgery, general surgery and other surgeries.

Key growth factors:

o China's medical device market is one of the fastest growing markets with double-digit growth rates for over a decade. Also, healthcare expenditure in China is expected to increase to between 6.5% and 7% by 2020. These are expected to increase the adoption of advanced medical devices like surgical staplers in the market.
o China is launching trials and issuing policies to push the growth of commercial health insurance, which previously had a minimal role in the healthcare system. The coming years are expected to have reimbursement schemes on offer with public health insurance as the pillar and private insurance as a meaningful supplement. This would allow people of the country to opt for complicated and expensive surgeries which, without health insurances, would not have been possible, and therefore boosts the growth of the surgical staplers market.

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Table Of Content

Chapter 1: Executive summary
1.1 Market scope and segmentation
1.2 Key questions answered in this study
1.3 Executive summary

Chapter 2: Introduction
2.1. Market definitions
2.2. Value chain of surgical staplers

Chapter 3: China surgical staplers market overview
3.1. China market overview
- Historical (2015-2017) market size (USD Bn)
- Forecasted (2018-2023) market size (USD Bn)
- Key observations
3.3. Drivers
3.4. Challenges
3.5. Trends

Chapter 4: China surgical staplers market segmentation - by product
4.1. China market share and size (USD Bn - 2017) - by products (manual and powered)
4.2. China manual surgical staplers market
- Market size (USD Bn) (2015, 2017, 2023)
- Drivers
- Challenges
4.3. China powered surgical staplers market
- Market size (USD Bn) (2015, 2017, 2023)
- Drivers
- Challenges

Chapter 5: China surgical staplers market segmentation - by type
5.1. China market share and size (USD Bn - 2017) - by type (reusable and disposable)
5.2. China reusable surgical staplers market
- Market size (USD Bn) (2015, 2017, 2023)
- Drivers
- Challenges
5.3. China disposable surgical staplers market
- Market size (USD Bn) (2015, 2017, 2023)
- Drivers
- Challenges

Chapter 6: China surgical staplers market segmentation - by application
6.1. China market share and size (USD Bn - 2017) - by application (abdominal surgery, orthopedic surgery, cardiac surgery, general surgery, other surgery)
- Market size (USD Bn) (2015, 2017, 2023)
- Observations

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