Surgical Stapling Devices Market to Grow at a CAGR of 7.6% through 2026
Verfasser: pradnya_86 on Thursday, 13 April 2017Two U.S. based companies are likely to dominate the global surgical stapling devices market in terms of market share
In 2015, two leading U.S based companies Johnson and Johnson and Medtronic plc held around 80% share of the global surgical stapling devices market. Although the global surgical stapling devices market is not very niche, other vendors are scattered and focus only on certain countries for the expansion of their business. For instance, vendors in the global surgical stapling devices market are focussing on India and a few other countries in the Asia Pacific region except China and Japan to explore hitherto untapped markets for expanding their business. One such vendor is India based surgical stapling devices company Meril Life Sciences Pvt. Ltd., which exports around 90% of its surgical stapling devices along with its other products to the MEA region.
Rising prevalence of obesity and a geriatric population requiring surgical procedures anticipated to fuel the growth of the global surgical stapling devices market