As per our report, the global surgical staplers market size was worth USD 3.98 billion in 2022. It is projected to witness a CAGR of 7.5% to reach USD 5.71 billion by 2027.
Surgical stapling is a technique used in medical methods to closing the wound, and it is also used as an alternative to traditional methods like suturing. The use of surgical staplers is used as wound closure and minimizes post-procedural complexities like reducing hospital stays and bleeding. The rapid increase in the existence of diseases such as cardiovascular problems, obesity, and cancer contributes to the rise in the number of open and minimally invasive surgeries. The continuous introduction of innovations and new technologies in the medical devices market to provide a faster recovery to patients raises the demand for surgical staplers. Surgical stapling devices are developed in response to rising fears about the healing of traditional sutures. Modern surgical staples are less inclined to leak and separate.
MARKET DRIVERS:
The aging population is growing at an aggressive rate across the world. They are much likely to diagnose several diseases, which is primarily accelerating the global surgical staplers market growth. Additionally, technological advancements, growing disposable income, and highly developed healthcare infrastructure in developed and developing countries, and the rising demand for power surgical instruments in improving economies further drive the surgical staplers market. Delivery of technologically innovative surgical staplers with maximum efficiency and safety will increase the adoption rate and product demand. Rising global demand for surgical staplers over surgical sutures and increasing the number of surgical procedures worldwide favor the surgical staplers market to grow further.
Some of the other driving factors contributing to the growth of the global surgical staplers market are the rise of the needy for wound and tissue management devices and advanced technology. Increment of demand for minimally invasive surgeries and robotic surgeries, the increment of obesity, and awareness among people about bariatric surgeries. Moreover, the increment of incidence cases and rate of increment of cancer cases.
As per the recent research, in the United States, about 4 million deliveries were happening every year; out of that, 33% of babies are born over the cesarean delivery method. An increase in several births worldwide through cesarean surgery will increase the demand and acceptance rate of surgical staplers, fueling industry growth.
MARKET RESTRAINTS:
The factors hindering the growth of the surgical stapler’s market are rising demand for new wound closure materials like fibrin sealants and glues. The side effects, such as adverse or allergic reactions associated with products such as steel or titanium, are slowly restraining the demand of the market.
Impact of COVID-19 on the global surgical staplers market:
The COVID-19 has negatively impacted the pharmaceutical industry during the first quarter of the pandemic period; hence the market witnessed a declined growth rate. COVID-19 is an infectious disease that the SARS-CoV-2 causes. The World health organization announced the COVID-19 as an emergency of healthcare. Governments imposed sudden lockdowns across the nations and imposed a ban on flights. Due to the travel ban, the supply chain had been disrupted. During the lockdown, the manufacturing activities had been stopped, and no research and development activities had performed.
The second phase of the pandemic has positively impacted the pharmaceutical industries. The pandemic has changed the market's actual scenario; many changes have been made to the market structure. The usage of surgical staplers in surgical procedures has been increased. Surgical staplers are predominantly using over Sutures because of their beneficial factors; the demand for these medical devices has been accelerated. Manufacturers in the industry focus on manufacturing surgical staplers; hence the market has been shown significant growth. However, the market is anticipated to witness substantial growth over the coming years.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 to 2027 |
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Base Year |
2021 |
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Forecast Period |
2022 to 2027 |
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Segments Analysed |
By Type, Product, End-User Application, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
This research report on the global surgical staplers market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2025.
Surgical Staplers Market - By Type:
Based on the type, the Disposable Surgical Stapler Segment is expected to hold a significant share in the global surgical staplers market during the forecast period. A disposal stapler is a one-time use device mostly made of plastic. The disposal staplers are ideal as they reduce the chances of infections during surgery, which eventually improves the technical quality. Furthermore, the transmission of infectious diseases from patients to medical personnel can be prevented by disposing of surgical staplers. Disposal surgical staplers are also cheaper when related to reusable staplers. Avoiding transmission of infections through contaminated equipment is vital for healthcare organizations, which is considered the primary issue associated with reusable devices. Also, the disinfection of the reusable devices’ multifaceted procedure requires proper care and maintenance.
Surgical Staplers Market - By Product:
The manual surgical staplers were used along with scalpels, scissors, and forceps based on the product. With rising demand and increasing surgeries, a powered surgical stapler is expecting a higher CAGR during the forecast period. These powered devices help doctors solve the problem of weakness that may happen due to top procedure volume in hospital emergency wards. The prime advantage offered by powered stapling devices includes ease of wound closure without the requirement of manual firing force.
Surgical Staplers Market - By Application:
Based on the Application, surgical devices are used in surgeries in that abdominal and pelvic surgery is expected to dominate the market's largest share. Increasing incidents of obesity and rising health consciousness around the world are propelling the demand for this segment. Increasing buying capacity and increasing weight loss & bariatric surgeries across the globe are anticipated to fuel the market's need to the extent.
Surgical Staplers Market - By End User:
Based on the end-user, the hospital segment was identified as the largest end-use segment in the last few years. The ambulatory center segment is anticipated to display the highest CAGR over the forecast period. The ambulatory center segment's stable growth can be credited to shortages of hospital beds and scarce economic resources, particularly in underdeveloped and developing economies. The hospital segment is expected to dominate the global market over the forecast period due to bariatric surgery reimbursement scenarios.
Surgical Staplers Market - By Region:
North America holds the largest market share globally due to the early acceptance and adoption of staples in the region and the demand for minimally invasive procedures. The rise in the number of surgical procedures in North America's developed areas will enhance the growth of the surgical staplers market. According to recent data from the National Center for Health Statistics, around 50 million surgical procedures are conducted in the United States yearly, which highly includes general surgeries, appendectomy, and cardiovascular. Contrary events were reported by the User Facility Device Experience (MAUDE) and U.S. Food and Drug Administration (FDA) Producer, which includes surgical staplers in surgical procedures.
The Asia Pacific is likely to show higher growth during the forecast period due to a large patient pool in economies such as China, India, and Japan. The surgical staplers remained categorized under “drugs” and were controlled under the Drugs and Cosmetics Act in India because of growing use and demand. The application of this act reduced strict regulations for making and supply of surgical staplers. In the Asia Pacific, the number of surgical procedures is increasing, coupled with an increase in healthcare expenditure, the market is expected to witness lucrative growth.
KEY MARKET PLAYERS:
List of crucial participants leading the global surgical sutures market profiled in this report are Becton Dickinson, Ethicon Inc. (U.S.), Medtronic plc (Ireland), CONMED Corporation (U.S.), Smith & Nephew (U.K.), Purple Surgical Inc. (U.K.), Intuitive Surgical Inc. (U.S.), Welfare Medical Ltd. (U.K.), Reach surgical Inc. (China), Merril Life Science Pvt. Ltd. (India), Grena Ltd. (U.K.), B. Braun Melsungen AG (Germany), Dextera Surgical Inc. (U.S.) and Frankenman International (China).
RECENT HAPPENINGS IN THIS MARKET:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Disposable Stapler
5.1.2 Reusable Stapler
5.1.3 Y-o-Y Growth Analysis, By Type
5.1.4 Market Attractiveness Analysis, By Type
5.1.5 Market Share Analysis, By Type
5.2 Product
5.2.1 Manual Surgical Stapler
5.2.2 Powered Surgical Stapler
5.2.3 Y-o-Y Growth Analysis, By Product
5.2.4 Market Attractiveness Analysis, By Product
5.2.5 Market Share Analysis, By Product
5.3 End Users
5.3.1 Hospitals
5.3.2 Ambulatory Surgical Centres
5.3.3 Clinics
5.3.4 Y-o-Y Growth Analysis, By End Users
5.3.5 Market Attractiveness Analysis, By End Users
5.3.6 Market Share Analysis, By End Users
5.4 Application
5.4.1 Pelvis
5.4.2 Abdominal
5.4.3 Thoracic
5.4.4 Cardiac
5.4.5 Haemorrhoids
5.4.6 Paediatric
5.4.7 Cosmetic
5.4.8 Y-o-Y Growth Analysis, By Application
5.4.9 Market Attractiveness Analysis, By Application
5.4.10 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Type
6.1.3.2 By Product
6.1.3.3 End Users
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Type
6.1.4.2 By Product
6.1.4.3 End Users
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Type
6.1.5.2 By Product
6.1.5.3 End Users
6.1.5.4 By Application
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Ethicon Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Medtronic plc
8.3 CONMED Corporation
8.4 Smith & Nephew
8.5 Purple Surgical Inc.
8.6 Intuitive Surgical Inc.
8.7 Welfare Medical Ltd.
8.8 Reach surgical Inc.
8.9 Meril Life Science Pvt. Ltd.
8.10 Grena Ltd.
8.11 B. Braun Melsungen AG
8.12 Dextera Surgical Inc.
8.13 Frankenman International
8.14 Becton, Dickinson and Company
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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