Powered Surgical Stapler Market Report: Trends, Forecast ...

Surgical Staplers Market Outlook (-)

The global surgical staplers market is projected to exhibit expansion at a CAGR of 6.2% from to . As of , the market is valued at US$ 4.5 billion and is projected to reach a value of US$ 7.3 billion by the end of the forecast period (-).

The surgical staplers market in North America held a prominent revenue share of around 40% in and is anticipated to maintain a similar dominant stance throughout the forecast period owing to the rapid adoption of advanced technologies and rising preference for minimally invasive procedures across the region.

Demand for powered surgical staplers is predicted to rise rapidly at 8% CAGR between and . Though reusable surgical staplers accounted for a leading market share of around 60% at the end of , they will continue losing market share to disposable surgical staplers as the years go by.

The focus on healthcare across the world has bolstered in recent times and this has led to substantial advancements in the medical equipment industry. Innovative new products such as surgical staplers are rapidly gaining popularity and their scope of application is increasing in several surgeries owing to their ease of use and better reliability. Currently, Ethicon surgical staplers, Panther surgical staplers, Lexitong surgical staplers, and Touchstone surgical staplers are some of the most popular products in the global surgical staplers industry.

An increasing number of surgeries being performed, growing popularity of minimally invasive surgeries, technological advancements, rising availability of surgical instrument staplers, increasing investments in healthcare infrastructure development, and high prevalence of chronic diseases are other major factors that will guide surgical stapler demand through .

Increasing medical tourism and growing acceptance of products such as skin staplers, linear cutter staplers, and open surgical staplers are also anticipated to positively impact the growth of the surgical staplers market over the coming years.

On the other hand, the high costs of surgical staplers as compared to conventional sutures are expected to somewhat restrain overall market development across the forecast period. Better accessibility of alternative wound care and wound sealing solutions is also expected to hinder the increasing surgical stapler shipments in the near future.

Report Attributes

Details

Surgical Staplers Market Size ()

US$ 4.5 Billion

Projected Market Value (F)

US$ 7.3 Billion

Global Market Growth Rate (-)

6.2% CAGR

Asia Pacific Market Share ()

24%

Powered Segment Growth Rate (-)

8% CAGR

Europe Market Share ()

28%

Japan Market Growth Rate (-)

3.2% CAGR

Key Companies Profiled

• 3M Company
• Ethicon US LLC
• Cardica Inc.
• Smith & Nephew Plc
• CONMED Corporation
• Purple Surgical Inc.
• Dextera Surgical Inc.
• Welfare Medical Ltd.
• Reach Surgical
• Smith & Nephew Plc
• Grena Ltd.
• Zimmer Biomet
• B.Braun Melsungen AG
• Frankenman International Limited

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

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Surgical Staplers

Increasing Popularity of Minimally Invasive Surgical Procedures Driving Surgical Stapler Sales

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Patient preference for minimally invasive procedures has increased exponentially in recent years and this can be ascribed to the benefits of this type of surgery such as faster healing time, less pain, less scarring, and increased accuracy. Surgical staplers play a crucial role in minimally invasive procedures as they are more convenient than traditional sutures and require less healing time as well.

The increasing availability of various types of surgical staplers designed specifically for minimally invasive surgeries is also expected to drive market expansion across the forecast period.

New Market Entrants Can Focus on Product Innovation & Business Expansion through Mergers & Collaborations

Start-ups in the global surgical staplers marketplace are expected to increase investments in research and development of novel products to establish a market presence. New companies can develop technologies that optimize the use of stapling devices in surgery and reduce risks.

• Endoron Medical, an Israel-based start-up created a new technology that is used to securely seal endografts for abdominal aortic aneurysms (AAA). The company&#;s technology helps solve many challenges associated with AAA repair surgeries and is expected to revolutionize the use of surgical staplers in the medical marketplace. The company also announced in January , that it had raised US$ 5 million in a seed funding round.

Established market players are also eyeing acquisitions of start-ups to enhance their market presence and gain a competitive edge over other market players. For instance,

• In August , Teleflex, a provider of specialty medical devices announced that it would purchase Standard Bariatrics for US$ 170 million in cash upfront. The company would also pay an additional US$ 130 million in payments that would be made after attaining certain commercial milestones. Teleflex will gain complete access to Standard Bariatrics&#; stapler portfolio and strengthen its position in the global surgical staplers market.

A detailed account of recent developments of established as well as upcoming market players has been profiled in this latest surgical staplers market survey by analysts at Fact.MR, a market research and competitive intelligence provider. Strategies adopted by all the market players have also been discussed in this research analysis.

Country-wise Insights

United States to Remain Most Rewarding Market in North America

The U.S. surgical staplers market is the most lucrative in the North American region and is expected to maintain this position throughout the forecast period owing to the rising number of surgeries being performed in the country and the rapid adoption of advanced healthcare technologies and devices.

The presence of key surgical stapler manufacturers, a growing geriatric population, a rising incidence of obesity, and the presence of developed healthcare infrastructure are other factors that are anticipated to shape the surgical staplers market potential in the United States. Laparoscopic surgical staplers are anticipated to witness high demand in the country owing to the rising number of laparoscopic procedures being performed.

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Category-wise Insights

Increasing Incidence of HAIs Aiding Surgical Stapler Sales Growth

The global surgical staplers market, based on type, is segmented into disposable surgical staplers and reusable surgical staplers.

A growing number of infectious diseases and rising incidence of hospital-acquired infections across the world are prime factors that are expected to uplift sales of disposable surgical staplers across the forecast period. The attractive product offers for disposable surgical staplers are also expected to drive their demand through . All of these factors are anticipated to favor demand for disposable surgical staplers.

However, reusable surgical staplers accounted for a major market revenue share of around 60% in , but are expected to lose some of their market share throughout the forecast period.

Demand for Powered Surgical Staplers to Surge Going Ahead

The global surgical staplers market, based on technology, is segmented into manual and powered.

Technological advancements in the medical devices industry have substantially increased in recent years and this has led to increased adoption of powered devices in the healthcare sector. Advantages of powered staplers over manual staplers such as low risk, ease of use, and shorter operating times are expected to bolster their demand throughout the forecast period. Sales of powered surgical staplers are anticipated to progress at a high CAGR of around 8% over the next eight years.

Meanwhile, sales of manual surgical staplers accounted for a substantial revenue share of 56% in the global surgical staplers industry landscape in .

Hospitals to Lead Demand for Surgical Skin Staplers

The global surgical staplers market, based on end user, is segmented into hospitals, clinics, ambulatory surgical centers, and others.

Hospitals are projected to lead the global demand for surgical staplers owing to increased hospitalization due to the high prevalence of chronic diseases and an increasing number of hospitals. The rising number of surgeries being performed in hospitals is also expected to favor sales of surgical staplers across the forecast period. Increasing use of automated and advanced surgical instruments in hospitals is also projected to favor market potential in this segment over the next eight years.

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Competitive Landscape

Key players in the surgical staplers market are expected to increase investments in the R&D division to fast-track the launch of novel products that would help them increase their revenue generation capacity over the years to come.

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• In June , Ethicon Inc., a Johnson & Johnson subsidiary known for the manufacturing of wound closure devices announced the launch of its next-generation Echelon staplers in the United States. The stapler provides single-handed articulation for surgeons and is digitally enabled.
• In December , Medtronic India announced the launch of its new surgical stapler with Tri-Staple Technology. The EEA Circular Stapler had a sloped cartridge face to reduce the pressure on the tissue with greater perfusion in the staple line.

Key Segments in Surgical Staplers Industry Research

• By Technology:

  • Manual Surgical Staplers
  • Powered Surgical Staplers

• By Type:

  • Disposable 
  • Reusable 

• By Product:

  • Linear Staplers
  • Circular Staplers
  • Skin Staplers
  • Endoscopic Staplers
  • Others

• By Application:

  • Abdominal & Pelvic Surgeries
  • General Surgeries
  • Cardiac & Thoracic Surgeries
  • Orthopedic Surgeries
  • Other Surgical Applications

• By End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

• By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA