(PharmaNewsWire.Com, February 14, 2019 ) Europe Surgical Staplers Market Surgical stapling is a technological advancement in medical wound closure methods and is often used as a replacement for traditional methods like suturing. The use of surgical staplers not only expedites the closure procedure but also minimises post procedural complexities like bleeding, and reduces hospital stays, etc. The Europe surgical staplers market is expected to grow at a CAGR of 8.10%, leading to a revenue of USD 2.13 Bn 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 ageing 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).
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