According to the report, the size of the global surgical staplers market was worth USD 3.7 billion in 2020. It is projected to witness a CAGR of 7.5% to reach USD 5.31 billion by 2025 during the forecast period.
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 not only use as wound closure but also 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, is contributing to the rise in the number of surgeries of the open, as well as minimally invasive type. The continuous introduction of innovations and new technologies in the medical devices market to provide a faster recovery to patients are raising 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 separation.
MARKET DRIVERS
The increasing aged population, which has the risk of adopting severe diseases, drives the growth of this market. Moreover, the advancements of new technology, growing disposable income, and highly developed healthcare infrastructure in developed and developing countries and the rising demand for power surgical instruments in improving economies are the factors that contribute to the expansion of this market. Delivery of technologically innovative surgical staplers with maximum efficiency and safety will increase the adoption rate and product demand, fueling the market share in the upcoming years. Rising global demand for surgical staplers over surgical sutures and increase the number of surgical procedures across the world is surging the growth rate of the market.
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 all over the world through cesarean surgery will increase the demand and acceptance rate of surgical staplers, which is fueling the 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. As well as 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.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 to 2024 |
|
Base Year |
2018 |
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Forecast Period |
2019 to 2024 |
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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 holds a significant share in the global surgical staplers market. 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 patient to the medical personnel can be prevented in the disposal of surgical staplers. Disposal surgical staplers are also cheaper when related to the reusable staplers. Avoiding transmission of infections through contaminated equipment is very vital for healthcare organizations, which is considered to be 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:
Based on the product, the manual surgical staplers were used along with scalpels, scissors, and forceps. With rising demand and increasing occurrence of 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, the surgical devices are used in types of surgeries in that abdominal and pelvic surgery is expected to dominate the largest share of the market. 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 need for the market 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, where the ambulatory center segment is anticipated to display the highest CAGR over the forecast period. The stable growth of the ambulatory center segment can be credited to factors such as shortage 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 reimbursement scenario for bariatric surgeries.
Surgical Staplers Market - By End User:
North America holds the largest market share in the world as a result of early acceptance and adoption of staples in the region, along with the demand for minimally invasive procedures. The rise in the number of surgical procedures in developed areas of North America 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 the use of surgical staplers in surgical procedures.
The Asia Pacific is likely to show higher growth during the forecast period due to the occurrence of 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.
TOP COMPANIES IN THE MARKET
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)
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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