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Surgical Staplers Market Size Worth USD 5.71 Bn By 2027

The global surgical staplers market size was worth USD 3.98 billion in 2022 and is predicted to reach USD 5.71 billion by 2027, growing at a CAGR of 7.2% from 2022 to 2027.

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COVID-19 has had a negative impact on patients who require surgical treatment. Patients getting surgical care like to have a personal interaction with their surgeons, which telemedicine cannot substitute. Initially, there was a shortage of doctors and proper protection for all healthcare professionals due to the virus’s spread, and elective surgeries were postponed or cancelled around the world. Furthermore, nationwide lockdowns and closures have caused numerous disruptions in the healthcare supply chain, affecting market revenue. As a result of the dramatic drop in the number of surgeries, the market’s growth has taken a significant hit because of the ongoing pandemic. However, after the elimination of lockdown restrictions, the market is expected to boom in the future. Following the epidemic, the major manufacturers are focusing on launching technologically enhanced products to increase their market share.

MARKET DYNAMICS:

Growing number of technologically advanced surgical stapling devices launching into the market, is accelerating the potential of the surgical staplers market.

The adoption of surgical stapling devices among healthcare practitioners has been primarily influenced by technological developments in surgical staplers and accompanying staples. The leading players are working to reduce the width of the surgical stapling equipment to make it easier to close both internal and external incisions. Furthermore, the surgical stapling device’s adjustable nob size and angle allow the healthcare professional to do laparoscopic surgeries with ease. These advantages are expected to improve surgical stapling device acceptance over traditional suturing approaches.

Chronic diseases are becoming more prevalent, which is anticipated to favour the surgical staplers market.

The surgical stapling devices market is predicted to rise due to the rising incidence of chronic diseases and operations. The number of surgical procedures performed in industrialised and developing countries has increased dramatically during the last decade. Because of the rising frequency of chronic diseases like cancer, the number of visits to ambulatory surgical facilities has increased in recent years.

Cosmetic surgery is becoming more popular and is estimated to offer growth opportunities to the surgical staplers market.

Cosmetic operations are becoming more popular, medical tourism is on the rise, and healthcare in emerging nations is improving, providing prospects for surgical stapler manufacturers. The majority of cosmetic operations involve surgery for the face and head, breast, body, and extremities, and these materials are utilised to hold tissues together during these procedures. Cosmetic operations are becoming more popular as people become more aware of them and more conscious of their looks, providing substantial growth potential for market participants.

High Costs associated is majorly hampering the growth rate of the surgical staplers market.

Suturing needles are more expensive than surgical staplers. As a result, despite the fact that surgical staplers are a more advanced process than suturing or stitching, their adoption in economically disadvantaged areas is hampered. Medical tourism has exploded in recent years, with people from Europe travelling to poor nations like India in search of low-cost medical procedures. This could reduce the amount of surgeries performed and slow the market for surgical staplers.

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KEY MARKET INSIGHTS:

  • Based on type, the market is divided into disposable stapler and reusable stapler. Due to rising concerns about communicable illnesses, the disposable segment is likely to grow at a fast rate over the forecast period. The Centres for Disease Control and Prevention (CDC) recommends using disposable devices and provides guidelines for preventing disease spread. The US Food and Drug Administration (FDA) has also taken steps to ensure that established sterilising processes for medical devices are rigorously followed, boosting the disposable surgical stapler market. Surgical staplers for disposal are one-time-use instruments, usually constructed of plastic. These machines are unable to be sterilised or recycled. Disposable staplers are preferred because they limit the danger of surgical contamination, thus improving the operation’s quality. Furthermore, infectious infections can be prevented from spreading from the patient to the medical professionals in the surgical procedure. Furthermore, the sterilisation of the reusable devices’ complex method necessitates regular care and maintenance. This single element was the primary driver of the market, allowing surgical staplers to maintain a significant market share.
  • In terms of end-user, the surgical stapling system market is divided into hospitals, specialty clinics. Due to the rising usage of surgical equipment in healthcare facilities, hospitals dominated the surgical staplers market. Because of increasing use of the product in emerging countries, the hospital segment is expected to grow at a quicker rate in the next 6-7 years.
  • Based on the application, the market is segmented into pelvis, abdominal, thoracic, cardiac, hemorroids, paediatric, cosmetic and general surgery. During the forecast period, the general surgery segment is expected to create the most revenue in the surgical stapling devices market. This market segment has led the global surgical staplers market and is expected to develop at a quicker CAGR during the forecast period due to the successful adoption and use of surgical staplers in various types of general surgeries.
  • Based on the region, due to an increase in the prevalence of cardiac disorders, increased funding in healthcare, an increase in the geriatric population, and market expansions in the region, the Asia-Pacific region is predicted to be the fastest-growing surgical stapler market throughout the assessment period. With the help of creating cost-effective therapies in both local and worldwide markets, this area is displaying fierce rivalry in the global surgical stapler market. As a result, it is gaining market share in the Asia Pacific area and will continue to do so in the forecast future. Furthermore, in the next years, China is predicted to lead the market expansion due to an increase in the number of surgeries conducted, as well as a growing senior population and rising healthcare expenditure. Furthermore, the Chinese health-care system encourages the adoption of Chinese-made medical products, with foreign-made medical devices being partially reimbursed. This has boosted the production and usage of medical equipment created in China, resulting in a significant increase in the number of medical device makers in the country. As a result, market development in China is taking place. Surgeons’ growing preference for surgical stapling devices, as well as rising healthcare expenditure, are driving market expansion in India. Furthermore, leading market companies are extending their presence in this sector, and higher government and private investment as a percentage of GDP (resulting in improved healthcare facilities and infrastructure) is contributing to market growth.
  • Some of the prominent players in the market include Medtronic, Ethicon, 3M, Purple Surgical, Meril Life Sciences Pvt Ltd., B. Braun Melsungen AG, and Intuitive Surgical Inc. Acquisitions of new companies, as well as acceptance of organic growth plans, are among the market’s major strategies for remaining competitive.

Recent developments in this market:

  • In 2021, Medtronic plc, the global leader in medical technology, announced that the Hugo robotic-assisted surgery system has obtained CE Mark, allowing it to be sold in Europe.
  • In 2020, 3M will introduce the PREVENA RESTOR AXIO•FORMTM Incision Management System, a New Way to Address Challenges and Improve Outcomes Associated with Lower Extremity Fractures.
  • Peri-Strips Dry with Secure Grip Technology available from 2020 from Baxter for reliable staple line reinforcement in surgical procedures.
  • Lexington Medical, a US-based medical device business that specialises in minimally invasive surgical stapling solutions, and BOWA Medical, a leading inventor of energy-based surgery devices for medical purposes, have agreed to collaborate in 2020.

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