UAE Surgical Stapler Market Size Set to Expand at Significant CAGR to Touch USD 293.5 Million by 2030
UAE Surgical Stapler Market is flourishing because of the rising prevalence of chronic diseases and advancements in surgical stapler technology.
Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated UAE Surgical Stapler Market size at USD 178.28 million in 2023. During the forecast period between 2024 and 2030, Report Ocean expects UAE Surgical Stapler Market size to expand at a CAGR of 7.40% reaching a value of USD 293.47 million by 2030. The rising number of surgical operations conducted in the UAE due to the rising incidence of chronic illnesses, technological improvements in surgical staplers, and increasing demand for less invasive treatments are major driving factors for UAE Surgical Staplers Market.
Opportunity - Increasing investments in healthcare infrastructure development
Surgical staplers have a high demand from hospitals, ambulatory surgical centers, and clinics. The hospitals segment dominates UAE surgical stapler market. The high number of surgical procedures performed in hospitals owing to rising chronic diseases, a robust healthcare system, and favorable reimbursement policies are directly propelling the demand for surgical staplers. However, ambulatory surgical centers and clinics are anticipated to register a high growth rate during the forecast period as well. The growth of this segment is mainly attributed to the increasing number of ambulatory surgical centers and clinics and rising R&D investments by key players.
Disposable Staplers are More Popular Surgical Staplers in UAE
UAE Surgical Stapler Market covers disposable surgical staplers and reusable surgical staplers segments on the basis of usability. The disposable surgical stapler holds a larger share in UAE Surgical Stapler Market. The high risk of cross-contamination in healthcare settings and stringent government regulations aimed at halting the spread of illness and ensuring patient and staff safety are the main drivers behind the industry's widespread use of disposable surgical staplers. Disposable surgical staplers are also time efficient as the devices are pre-sterilized which drives its market growth.
Competitive Landscape
UAE Surgical Stapler Market is intensely competitive, as many companies are competing to gain a significant market share. Key players in the market include Medtronic, B. Braun Melsungen AG, Zimmer Biomet, 3M Company, Johnson & Johnson, Intuitive Surgical Inc., ConMed Corporation, Becton Dickinson, and Stryker Corporation.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and UAE Surgical Stapler Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in UAE Surgical Stapler Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.