Surgical Stapler Market size to exceed $6.5bn by 2025
Published Date: November 11, 2019 Authors: Sumant Ugalmugle, Rupali Swain
Surgical Stapler Market size is set to exceed USD 6.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
Growing number of surgical procedures across the world and increase in global demand for surgical staplers over traditional surgical sutures will propel the industry size in the near future. Major companies are focusing on development of staplers that provide better efficacy that will improve the overall healthcare sector globally. Provision of technologically advanced surgical staplers with maximum effectiveness and safety will increase the product demand and product adoption rate in the upcoming years.
Growing use of surgical staplers in complicated surgical procedures will drive industry growth in the near future
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 boost the surgical staplers market growth in the future.
Increase in preference and adoption of surgical staplers over sutures will boost the surgical stapler industry outlook
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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.
Browse key industry insights spread across 170 pages with 115 market data tables & 9 figures & charts from the report, “Surgical Staplers Market Share 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 (U.S., Canada, Germany, UK, Italy, France, Spain, China, India, Japan, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
More frequent use of linear staplers in general surgeries will enhance the surgical stapler industry growth
Linear surgical stapler segment held a significant market share with a total revenue of USD 1,201.4 million in the year 2018. Linear surgical stapler is more prevalently used in general surgeries such as gastrointestinal system (GIS) anastomosis and other anastomosis procedures. Increasing use of linear stapler in anastomosis surgery procedures will enhance the industry statistics in the future.
Powered surgical stapler is estimated to show significant growth at 7.5% in the forecast timeframe. Increase in research and development activities have led to manufacturing of several 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. Hence, aforementioned factors will play significant role in the business growth in the future.
Reusable surgical stapler will hold a significant market share with a total revenue of USD 1,276.8 million in the year 2018. 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 segment growth.
Gynecology surgery segment is will witness significant growth at 7.8% in the forecast period. The rise in number of births across the world via caesarean surgical procedure will result in boosting the growth of surgical stapler market outlook in the gynecology surgery segment in the future.
Germany dominates the European market statistics holding around 29% market share owing to growing number of surgical procedures
Germany dominated the Europe surgical stapler with a total revenue of USD 348.9 million in the year 2018. According to recent news, 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 complex surgical procedures due to increase in chronic disease prevalence and technological advancements in the country will favor the market growth in the upcoming years.
Increase in mergers and acquisitions strategies by major industry participants will enhance the surgical staplers market growth in the future
Prominent industry players in the surgical stapler market include 3M, B. Braun Melsungen AG, Conmed Corporation, Ethicon Inc., Frankenman International, Grena, Integra Life Sciences, Intuitive Surgical, Medtronic PLC, Meril Life Sciences, Purple Surgical, Reach Surgical, Smith & Nephew PLC and Welfare Medical. The industry players focus on strategies such as merger and acquisition, new product launch and geographical expansion in order to enhance their market presence across the world.