Sellbyville, DE -- (SBWire) -- 05/31/2019 --The Surgical Staplers Market is set to exceed USD 6.1 billion by 2024; according to a new research study published by Global Market Insights, Inc. Increase in number of surgical procedures across the world will augment the surgical stapler industry growth in the forthcoming years. The use of surgical staplers has increased in the past few years in most common types of surgeries such as cardiovascular and general surgeries. Almost two-third of the hospitalized cases involve in some or the other surgical procedure. Increase in number of patients with chronic diseases in North America, that ultimately need invasive surgical procedures such as bypass surgery and other major complicated surgeries will contribute to surgical staplers' industry expansion over the forecast period.
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Rise in the adoption of surgical staplers over sutures in several surgical procedures in developing regions of Latin America owing to the numerous benefits such as being economical, accurate, speed, efficacy of the device and causing fewer infections than stitches. Thousands of surgical interventions are performed annually in Latin America and wound related complications are one of the major reason for patients that undergo surgical procedures.
Prevalence of traditional wound closure practices in developing regions of Asia Pacific will be one of the major growth restraining factor. Despite the recent technological advancements in wound closure procedure, there are certain regions that still practice traditional methods and therapies for wound closure. Countries with lower economy will have low product adoption rate resulting in impeding industry expansion. Linear surgical stapler segment held a significant market share with a total value of USD 1,133.6 million in 2017. Linear surgical stapler is more prevalently used in gastrointestinal system (GIS) anastomosis and other anastomosis procedures. Increasing use of linear stapler in anastomosis surgery procedures will enhance the industry growth in forthcoming years.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- CONMED Corporation
- Intuitive Surgical Devices
- Medtronic
- Reach Surgical
- Smith & Nephew
- BKK B. Braun Melsungen AG
- Ethicon, Inc.
- Integra LifeSciences
- Meril Life Sciences India Pvt Ltd
- Purple Surgical
- Frankenman International
Powered surgical stapler business is estimated to show significant growth in the forecast timeframe at CAGR of 7.5%. Increase in research and development activities have led to many advanced stapling devices that have been predominantly used in several surgical procedures. Also, according to the studies it was observed that the use of powered surgical stapler resulted in minimum post-operative complications such as bleeding and infections. Reusable surgical stapler business valued at USD 1.2 billion in 2017. Reusable staplers generate very less surgical waste and also are easily available at an economical price in the medical stores. The reusability of the staplers will increase the product demand and adoption rate in the coming years resulting in business growth.
Gynecology surgery industry will witness significant growth in the forecast period at CAGR of 7.7%. The rise in number of births across the world via caesarean surgical procedure will result in boosting the growth of surgical staplers market in the gynecology surgery segment in the future. Germany dominated the European surgical stapler with a total value of USD 276.7 million in 2017.Germany is the most populated country in the Europe region with around 82 million inhabitants, of that 22.2 million were aged 60 and over. Rise in number of chronic diseases in adult population and technological advancements in the country will favor the market growth in the upcoming years.
India Surgical Staplers Market presents a lucrative future opportunity at a robust CAGR of 9.8%. The presence of a large patient pool, low market penetration, rapidly growing healthcare system, economic growth and increasing technological advancement in the healthcare services will be major factors responsible for industry expansion
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Surgical Stapler Market by Technology
1 Powered
2 Manual
Surgical Stapler Market by Usability
1 Reusable
2 Disposable
Surgical Stapler Market by Surgery
1 Gynecology
2 Cardiac
3 Bariatric
4 Colorectal
Chapter 3. Surgical Staplers Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Increase in number of surgical procedures in North America
3.3.1.2. Rising adoption of Staplers over sutures in developing regions of LATAM
3.3.1.3. Technological advancements in surgical Staplers
3.3.2. Industry pitfalls & challenges
3.3.2.1. Adverse Events and Product Problems Associated with Surgical Staplers
3.3.2.2. Prevalence of traditional wound closure practices in developing regions of APAC
Chapter 4. Surgical Staplers Market, By Product
4.1. Global Surgical Staplers Market share, by product, 2017 & 2024
4.2. Linear Staplers
4.2.1. Market estimates and forecast, by region, 2013 - 2024
4.3. Circular Staplers
4.3.1. Market estimates and forecast, by region, 2013 - 2024
4.4. Skin Staplers
4.4.1. Market estimates and forecast, by region, 2013 - 2024
4.5. Endoscopic Staplers
4.5.1. Market estimates and forecast, by region, 2013 - 2024
Chapter 5. Surgical Staplers Market, By Technology
5.1. Global Surgical Staplers Market share, by technology, 2017 & 2024
5.2. Powered
5.2.1. Market estimates and forecast, by region, 2013 - 2024
5.3. Manual
5.3.1. Market estimates and forecast, by region, 2013 – 2024
Chapter 6. Surgical Staplers Market, By Usability
6.1. Global Surgical Staplers Market share, by usability, 2017 & 2024
6.2. Reusable
6.2.1. Market estimates and forecast, by region, 2013 - 2024
6.3. Disposable
6.3.1. Market estimates and forecast, by region, 2013 – 2024
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Data Tables
TABAL 1. Surgical Staplers industry 360° synopsis, 2013 – 2024
TABAL 2. Global Surgical Staplers market, 2013 – 2024 (USD Million)
TABAL 3. Global Surgical Staplers market, by product, 2013 – 2024 (USD Million)
TABAL 4. Global Surgical Staplers market, by technology, 2013 – 2024 (USD Million)
TABAL 5. Global Surgical Staplers market, by usability, 2013 – 2024 (USD Million)
TABAL 6. Global Surgical Staplers market, by surgery, 2013 – 2024 (USD Million)
TABAL 7. Global Surgical Staplers market, by region, 2013 – 2024 (USD Million)
Value Chain Analysis on Surgical Staplers Market Growth with Prominent Players: Ethicon, Inc., Integra LifeSciences
What's driving the Surgical Staplers Market Growth? Prominent Players: Ethicon, Inc., Integra LifeSciences, Intuitive Surgical Devices