December 12, 2019
According to the research report titled ‘Surgical Staplers Market Size By Product (Linear Staplers, Circular Staplers, Skin Staplers, Endoscopic Staplers), By Technology (Manual, Powered), By Usability (Reusable, Disposable), By Surgery (Gynecology Surgery, Cardiac Surgery, Bariatric Surgery, Colorectal Surgery), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available at MarketStudyReport.com, the global surgical staplers market is estimated to amass USD 6.5 billion by the year 2025.
Growing occurrences of chronic diseases among elderly population has led to rising number of surgical procedures which in turn is driving the growth of surgical staplers market. Shifting preference for minimally invasive surgeries, in consort with development of efficient surgical staplers using advanced technologies are also aiding the market expansion.
Surgical staplers offer quick replacement, minimal tissue interaction, accurate wound closure, less inflammation, and lower post-surgery complication. Escalating adoption of surgical staplers over traditional methods owing to these features is augmenting the market demand across the globe. However, history of adverse events associated with safety of surgical stapler, like device malfunction, injury, and death may hinder the market growth.
In terms of product type, surging need of endoscopic procedures are fueling the demand for endoscopic surgical staplers. The report thus cites that endoscopic surgical staplers market is expected to grow with a CAGR of 7.5% during the period of 2019-2025.
Speaking of technology, powered surgical stapler segment dominated the market in 2017 and was valued at USD 2,749.2 million. Technological advancements in surgical staplers coupled with rising R&D activities has paved the way for development of efficient devices with minimized post-operative complications.
As per usability, disposable surgical staplers segment is presumed to expand with a CAGR of 7.3% through 2025, owing to need for using sterile instruments and its application for minimizing infections and bleeding. On the other hand, based on surgery type, surgical stapler market from cardiac surgery segment was worth USD 908 million in 2017, due to rising prevalence of cardiovascular diseases and other chronic ailments.
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Considering geographical landscape, North America led the surgical staplers market with US market accounting for USD 1,606.6 million in 2017. The regional growth can be attributed to increasing number of surgical procedures, favorable reimbursement directives & insurance coverage, presence of prominent companies, and advanced healthcare structure and facilities.
The key players operating in surgical staplers market are B. Braun Melsungen AG, 3M, Ethicon, Inc., Integra Life Sciences, Conmed Corp., Frankenman International, Medtronic PLC, Grena, Meril Life Sciences, and Intuitive Surgical among others.
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