Global Surgical Staplers Market Overview
Surgical Staplers Market Size was valued at USD 2.36 billion in 2021 and is projected to grow from USD 2.54 billion in 2022 to USD 4.45 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.30% during the forecast period (2022 - 2030).The rise in the number of surgical procedures, increasing preference for minimally invasive surgery, technological advancements and growing preference for surgical staplers over sutures are driving the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Surgical Staplers Market Trends
- Rise in the number of surgical procedures to boost market growth
A surgical stapler is a complicated mechanical medical instrument that has been on the market for many years and is technologically advanced. Surgical staplers are used to remove organ and tissue parts in a variety of procedures, including gastrointestinal, gynecologic, thoracic, and many more. This surgical stapler cuts down on surgical processing time. Due to an increase in surgical procedures, the development of technologically sophisticated surgical staplers, and the growing number of bariatric and other weight reduction surgeries, the surgical staplers market is developing. The surgical staplers market is predicted to grow in the future due to rising aesthetic operations, breast surgeries, surgical technologies, and pediatric surgical procedures. For instance, according to the National Center for Biotechnology Information, around 310 million major surgeries are performed per year around the globe. Additionally, according to The Aesthetic Society, in 2021, around 365,000 breast augmentations performed in the US.
Furthermore, the growing inclination toward minimally invasive procedures is a big contributor to the market's growth. Minimally invasive procedures (MIS) are said to generate less post-operative pain, requiring patients to take fewer pain relievers. The hospital stay is quite brief because there are few cuts or stitches, and patients do not need to attend the hospital regularly. Another key element supporting the market's growth is technological advancements in the field of surgical staplers. In recent years, the surgical stapler market has seen significant advancements in the development of skin staplers.
Surgical Staplers Market Product Insights
Surgical Staplers Type Insights
The Surgical Staplers market segmentation, based on type, includes disposable surgical staplers and reusable surgical staplers. The disposable surgical staplers held the majority share in 2021. This is due to its benefits such as quick placement, minimal tissue reaction, low risk of infection and strong wound closure. The increased prevalence of hospital acquired infections and growing awareness also fueling the growth of the segment during the forecast period.
June 2021:Intuitive Surgical, Inc. (US) launched SureForm, robotic-assisted surgical stapler with Smart Fire technology.
Figure 2: Surgical Staplers Market, by Type, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Surgical Staplers Mechanism Insights
The surgical staplers market segmentation, based on mechanism includes manual and powered. Manual segment dominated the market in 2021 owing to the cost effectiveness of product. The powered segment is expected to register the highest CAGR during the forecasted period due to ease of use, increasing acceptance of technologically advanced products and minimal risk of complications.
April 2021:Ethicon, Inc. (US) launched Echelon+ stapler, a new powered surgical stapler designed to increase staple line security and reduce complications.
Surgical Staplers Application Insights
The Surgical Staplers market segmentation, based on application, includes abdominal & pelvic surgery, general surgery, cardiac and thoracic surgery, orthopedic surgery and others. The abdominal & pelvic surgery segment held the major share in the 2021. This is due to growing number of weight loss surgeries, rise in the prevalence of obesity and increasing disposable income of people in developing regions. For instance, according to World Heart Federation, almost 2.3 billion children and adults are living with obesity and overweight around the globe. This leads to increased number of bariatric surgeries worldwide. These factors are boosting the segment growth.
Surgical Staplers End User Insights
The Surgical Staplers market segmentation, based on end user, includes hospitals and clinics, ambulatory surgical centers, and others. The hospitals and clinics segment accounted for the largest market due to increased adoption of technologically advanced surgical devices, increase in the number of complex surgeries and growing healthcare infrastructure in developing regions.
Surgical Staplers Regional Insights
By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America accounts for the largest market share due to technological advancements, growing geriatric population, and rising number of surgical procedures in the US and Canada.
Further, the major countries studied are: The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: SURGICAL STAPLERS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The North America Surgical Staplers market accounts for the largest market share due to the increased prevalence of chronic diseases, rise in the number of bariatric and cosmetic surgeries and rapid adoption of technologically advanced products. For instance, according to National Health and Nutrition Examination Survey (NHANES) report, data from 2017-2018, it is estimated that around 1 in 3 adults in US are overweight. Additionally, according to Government of Canada, about 1 in 4 Canadian adults are currently living with obesity. Further, the US Surgical Staplers market held the largest market share and was the fastest-growing market in the North America region. Additionally, the Canada Surgical Staplers market held a significant market share in the North America region.
The Asia-Pacific Surgical Staplers market is expected to fastest-growing market. This is due to increasing investments by major players, developing healthcare infrastructure, and growing geriatric population in the region. For instance, according to Census Bureau Report, around 33.7% of Eastern Asia's population will be age 65 and older by 2060. Moreover, China Surgical Staplers market held the largest market share and was the fastest-growing market in the Asia-Pacific region. The Chinese players are entering into the market and capturing the market share. Similarly, India Surgical Staplers market held a significant share in the Asia-Pacific region.
Surgical Staplers Key Market Players & Competitive Insights
Major market players are adopting several business strategies to increase their market presence. They are significantly investing in R&D activities to expand their product portfolio, further driving the dental consumables market. In addition, the market players are adopting several strategic initiatives, such as new product launches, contractual agreements, mergers & acquisitions, increasing investments, and partnering with other players to expand their footprint.
Some key players in the market are Medtronic (Ireland), Ethicon, Inc. (US), Smith and Nephew Plc (UK), CONMED Corporation (US), Purple Surgical Inc. (UK), Welfare Medical Ltd (UK) and others.
Medtronic is a healthcare solutions company committed to improving people's lives through medical technologies, services, and solutions. With Covidien, a medical device company, the company has accelerated and advanced its ability to create meaningful innovations for hospitals, health systems, and healthcare providers to deliver the best care possible to patients and their families worldwide. The company's businesses majorly fall into four groups: the Cardiac and Vascular Group (CVG), the Restorative Therapies Group (RTG), the Diabetes Group, and the Minimally Invasive Therapies Group (MITG). The company operates in over 370 locations across almost 160 countries. It has been awarded more than 4,600 patents. The company offers surgical stapling products including Signia Small Diameter Reload, Signia Stapling System and others.
Key Companies in the Surgical Staplers market includes
-
Medtronic (Ireland)
-
Ethicon, Inc. (US)
-
Smith and Nephew Plc (UK)
-
CONMED Corporation (US)
-
Purple Surgical Inc. (UK)
-
Welfare Medical Ltd (UK)
-
Reach Surgical (China)
-
Grena Ltd (UK)
-
B.Braun Melsungen AG (Germany)
-
Frankenman International Limited (China)
-
Zimmer Biomet (US)
-
Stryker (US)
-
Meril Life Sciences Pvt. Ltd. (India)
-
Touchstone International Medical Science Co. Ltd. (China) among others
Surgical Staplers Industry Developments
June 2022:Ethicon, Inc. (US) launched ECHELON 3000 Stapler, a digitally enabled device with one-handed powered articulation in the US. This device will help surgeons to address the unique needs of their patients.
December 2020:Medtronic (Ireland) launched EEA Circular Stapler with Tri-Staple Technology - the first 3-row Circular Stapler with varied height staples in India.
Surgical Staplers Market Segmentation
Surgical Staplers Type Outlook
Surgical Staplers Mechanism Outlook
Surgical Staplers Application Outlook
Surgical Staplers End User Outlook
Surgical Staplers Regional Outlook
-
Germany
-
France
-
UK
-
Italy
-
Spain
-
Rest of Europe
-
Asia-Pacific
-
China
-
Japan
-
India
-
Australia
-
South Korea
-
Australia
-
Rest of Asia-Pacific
-
Rest of the World
-
Middle East
-
Africa
-
Latin America
| Report Attribute/Metric |
Details |
| Market Size 2021 |
USD 2.36 billion |
| Market Size 2022 |
USD 2.54 billion |
| Market Size 2030 |
USD 4.45 billion |
| Compound Annual Growth Rate (CAGR) |
7.30% (2022-2030) |
| Base Year |
2021 |
| Forecast Period |
2022-2030 |
| Historical Data |
2020 |
| Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, Mechanism, Application, End User, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered |
The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Medtronic (Ireland), Ethicon, Inc. (US), Smith and Nephew Plc (UK), CONMED Corporation (US), Purple Surgical Inc. (UK), Welfare Medical Ltd (UK), Reach Surgical (China), Grena Ltd (UK), B.Braun Melsungen AG (Germany), Frankenman International Limited (China), Zimmer Biomet (US), Stryker (US), Meril Life Sciences Pvt. Ltd. (India) and Touchstone International Medical Science Co. Ltd. (China) |
| Key Market Opportunities |
Medical tourism in developing economies |
| Key Market Dynamics |
Rise in the number of surgical procedures Increasing preference for minimally invasive surgery Technological advancements Growing preference for surgical staplers over sutures |
Surgical Stapler Market Highlights:
Frequently Asked Questions (FAQ) :
The surgical staplers market is anticipated to reach USD 4.45 billion at a CAGR of 7.30% during the forecast period of 2022 to 2030.
The U.S surgical staplers market share is 35-40% during the forecast period of 2022 to 2030.
The surgical staplers market is expected to register a CAGR of 7.30% during the forecast period of 2022 to 2030.
North America held the largest market share in the surgical staplers market.
Medtronic (Ireland), Ethicon, Inc. (US), Smith and Nephew Plc (UK), CONMED Corporation (US), Purple Surgical Inc. (UK), Welfare Medical Ltd (UK), Reach Surgical (China), Grena Ltd (UK), B.Braun Melsungen AG (Germany), Frankenman International Limited (China), Zimmer Biomet (US), Stryker (US), Meril Life Sciences Pvt. Ltd. (India) and Touchstone International Medical Science Co. Ltd. (China).
The disposable surgical staplers segment held the majority share in 2022.
Abdominal & pelvic surgery segment held the largest market share in the surgical staplers market.
