Surgical Stapler Market size worth over $7.5bn by 2027
Published Date: April 5, 2021 Authors: Sumant Ugalmugle, Rupali Swain
Surgical Stapler Market size is set to surpass USD 7.5 billion by 2027, according to a new research report by Global Market Insights, Inc.
Increasing obesity rates, growing preference of customers towards minimally invasive or fast-recovering surgery technologies and availability of technologically advanced product offerings are among the major trends fueling the market growth. The rising concerns of over-weight or obesity in individuals will act as vital parameter for rise in bariatric surgeries across the world. Moreover, the growing shift from suture-based surgeries to stapler-based surgeries will witness increased product demand in the market.
Rising adoption of staplers over sutures will spur the market expansion
With consistent rise in the number of surgeries performed across the world, the alternatives for sutures are gaining share in the overall industry. Implying to increasing demand from consumers for faster recovery post-surgery, the preference for surgical sutures is expanding notably. The trend is not only limited to developed countries but can be observed in developing economies also.
Ease of accessibility and wide application range will expand the surgical stapler market demand
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The linear staplers segment accounted for USD 1.20 billion in 2020 led by increasing use of linear staplers in thoracic surgery, abdominal surgery, pediatric surgery and gynecology surgery. Numerous benefits provided by linear staplers such as ease of use and accessibility at narrow anatomic sites, consistency and adjustability are further pushing the market value in the upward trajectory.
Rise in number of surgical procedures will foster the industry growth
The surgical stapler market for manual segment was valued at more than USD 1.05 billion in 2020. Increasing incidences of surgeries and growing focus of industry players towards manufacturing the manual surgical staplers will boost the product demand. Also, cost effectiveness and ease of availability of manual staplers are other factors that will support the segment growth.
Browse key industry insights spread across 180 pages with 227 market data tables & 18 figures & charts from the report, “Surgical Stapler Market Size By Product (Linear Staplers, Circular Staplers, Skin Staplers, Endoscopic Staplers), By Technology (Manual, Powered), By Usability (Reusable, Disposable), By Surgery (Gynaecology Surgery, Cardiac Surgery, Bariatric Surgery, Colorectal Surgery), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Availability of user-friendly designs will augment the segment expansion
The reusable category segment size was USD 1.26 billion in 2020. The reusable staplers are made from stainless steel. Such staplers find increased acceptance especially in orthopedic, gynecological, thoracic and abdominal surgeries for skin closure. Ease of operability due to user friendly designs is another aspect of reusable surgical staplers.
Rise in number of patients suffering from cardiovascular diseases will further expand the market revenue
The cardiac surgery segment in the surgical stapler market is projected to showcase 7.9% growth rate till 2027. The growing usage of surgical staplers in cardiac surgeries is anticipated to influence the industry expansion. Increasing prevalence of cardiovascular diseases is propelling the product adoption in cardiac surgeries.
Increase in geriatric population will result in the market growth
The UK surgical stapler market size was over USD 123 million in 2020. The rising geriatric population in the country is among the major contributors to increase in number of surgeries per year. For example, around 94% of the total cases of bowel cancer in the country are diagnosed in population aged above 50 years. According to the Bowel Cancer UK, as of 2019, more than 42,000 individuals in the UK are diagnosed with bowel cancer every year. Thus, this rise in number of cases will in turn enhance the usage of surgical staplers for colorectal surgeries. Also, the overall rise in number of surgeries will propel the demand for surgical staplers in the country.
Key players are adopting several business strategies to gain notable market share
Some of the companies operating in the market include B. Braun Melsungen AG, Ethicon, Medtronic, 3M, Purple Surgical, Meril Life Sciences Pvt Ltd., and Intuitive Surgical Inc. Launching new products in the market is among the primary strategies accepted by the industry leaders.