At 7.9% CAGR, the Europe Surgical Stapling Devices Market is projected to be worth US$ 1,867.06 million by 2028, says Business Market Insights              

According to Business Market Insights’ research, the Europe surgical stapling devices market was valued at US$ 1,181.69 million in 2022 and is expected to reach US$ 1,867.06 million by 2028, registering an annual growth rate of 7.9% from 2022 to 2028. New product launches and strategic collaborations and increase in wounds and surgical procedures are the critical factors attributed to the Europe surgical stapling devices market expansion.                

A significant rise in the number of surgical procedures performed at hospitals has compelled medical device manufacturers to develop and launch new products and obtain regulatory approvals for them. Major companies in the surgical stapling devices market allocate significant resources to research and development activities to come up with new offerings. For instance, In October 2022, Teleflex Incorporated completed the acquisition of Standard Bariatrics, Inc., which has commercialized an innovative powered stapling technology for bariatric surgery. Teleflex acquired Standard Bariatrics for US$ 170 million at closing, with additional consideration of up to US$ 130 million that is payable upon achieving certain commercial milestones. Similarly, In June 2022, Ethicon, a part of Johnson & Johnson MedTech, launched ECHELON 3000 Stapler in the US. It is a digitally enabled device that provides surgeons with simple, one-handed powered articulation to help address the unique needs of their patients. Designed with a 39% greater jaw aperture and a 27% greater articulation span, ECHELON 3000 gives surgeons better access and control over each transection, even in tight spaces and on challenging tissue. Combined with software that provides real-time haptic and audible device feedback, these features enable surgeons to make critical adjustments during procedures. An increase in the number of developments and launches of such innovative products, along with business acquisitions and collaborations, boosts the growth of the surgical stapling devices market.

On the contrary, increase in product recalls and high cost of surgical stapling devices hurdles the growth of Europe surgical stapling devices market.    

Based on product, the Europe surgical stapling devices market is segmented into powered surgical staplers and manual surgical staplers. The powered surgical staplers segment held 57.6% market share in 2022, amassing US$ 681.00 million. It is projected to garner US$ 1,109.68 million by 2028 to expand at 8.5% CAGR during 2022–2028.  

Based on type, the Europe surgical stapling devices market is segmented into disposable surgical staplers and reusable surgical staplers. The disposable surgical staplers segment held 60.9% market share in 2022, amassing US$ 719.53 million. It is projected to garner US$ 1,158.14 million by 2028 to expand at 8.3% CAGR during 2022–2028.

Based on application, the Europe surgical stapling devices market is segmented into orthopedic surgery, endoscopic surgery, cardiac and thoracic surgery, abdominal and pelvic surgery, and others. The orthopedic surgery segment held 33.8% market share in 2022, amassing US$ 398.87 million. It is projected to garner US$ 665.41 million by 2028 to expand at 8.9% CAGR during 2022–2028.

Based on end user, the Europe surgical stapling devices market is segmented into hospitals and ambulatory surgical centers. The hospitals segment held 70.9% market share in 2022, amassing US$ 838.40 million. It is projected to garner US$ 1,344.30 million by 2028 to expand at 8.2% CAGR during 2022–2028.

Based on country, the Europe surgical stapling devices market is segmented into Germany, France, Italy, UK, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 28.2% market share in 2022. It was assessed at US$ 333.55 million in 2022 and is likely to hit US$ 549.85 million by 2028, exhibiting a CAGR of 8.7% during the forecast period.    

Key players dominating the Europe surgical stapling devices market are 3M Co, B. Braun SE, Conmed Corp, Ethicon USA LLC, Intuitive Surgical Inc, and Medtronic Plc among others.  

• In Dec 2021, Intuitive Surgical Inc received FDA clearance for 8 mm SureForm 30 Curved-Tip Stapler. and reloads for use in general, thoracic, gynecologic, urologic, and pediatric surgery.

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