The global surgical staplers market value is expected to reach around US$ 7,761.09 Mn by 2026, growing at a CAGR of around 8.16% from forecast period 2019 to 2026.
Surgical staples are the tools which are used to close incisions after surgery. In some cases, staples are better option than stitches or sutures. Unlike stitches, surgical staples do not melt in the body as incision or wound heals, which require special attention from doctors and must be removed once the incision has cured. These staples generally stayed in for a few days to 21 days before they can be removed. They are used in case of wounds that are too big or complex to close with stitches. For example, staples are regularly used after C-sections as they help the incision heal faster while also decreasing scar appearance. They are made up of titanium, plastic, stainless steel and polylactide-polyglycolide copolymer. These are specialized staples used in place of sutures to close skin wounds, connect or remove parts of bowels or lungs. The advantage of using staples instead of sutures are reduction of local inflammatory response, width of wound and decrease in time taken to heal the wound.
The global surgical staplers market is expected to have increasing demand for application in minimally invasive procedures. Surgical staplers are also used in colorectal surgeries, cosmetology procedures, laparoscopic procedures, general surgeries, and flexible endoscopic procedures. Growing number of bariatric procedures and application of latest technologies to execute endoscopic surgeries propels the demand for surgical staplers. The growing demand of surgical staplers in bariatric and other surgeries related to weight loss due to benefits such as effective coagulation, less pain, better closure, and faster recovery. Additionally, increasing need to manage tissue and wounds efficiently is expected to increase the revenue of global surgical staplers’ market.
However, surgical staplers are comparatively costlier than suturing needles. For which, their use in many undeveloped and developing countries of Asia Pacific, Latin America and Africa is restricted, which further restrains the growth of the global surgical staplers’ market. Still, with expanding reach of global players across developing regions coupled with increasing NGO-based healthcare work in rural area, the market of surgical staplers has more opportunity to expand.
By Product, the Manual Surgical Stapler segment expected to dominate the surgical staplers market
On the basis of product, the market has been segmented into manual surgical staplers and powered surgical staplers. In 2018, the manual surgical stapler segment is expected to dominate the market and further expected to lead during the forecast period. Moreover, the powered surgical stapler is expected to register the high CAGR in the coming years. Wide range of benefits that powered stapler provides, such as ease of use, minimum risk of complications such as blood loss, reduced operating time, and decreased hospital costs comparing to manual staplers. The expected to enhance its demand in the market during the forecast period.
The market research study on “Surgical Staplers Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global surgical staplers market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global Surgical Staplers market, its product, type, application, end-user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global surgical staplers market size and volume, and segment markets by product, type, application, end-user, and geography along with the information on companies operating in the market. The global surgical staplers market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America is accounted for high share of global surgical stapler market during forecast period owing to frequent technological progress in healthcare sector together with increasing geriatric population suffering from various chronic diseases and growing number of various surgical procedures are propelling the regional market of surgical stapler. Furthermore, the Asia-Pacific region is expected to account for the high growth rate in the global surgical staplers market during the forecast period owing to increase in advancement in the healthcare industry from the leading companies. Also, the increase in government spending are expected to increase the share for the region in the coming years.
The key companies include in the global surgical stapler market are Medtronic PLC, Ethicon (J&J), B. Braun Melsungen AG, 3M Company, ConMed Corporation, Smith & Nephew, Purple Surgical Inc., Intuitive Surgical Inc., Welfare Medical Ltd., Reach surgical Inc., Grena Ltd., Dextera Surgical Inc., and Frankenman International. The companies are involved in mergers and acquisitions along with the new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market By Product
Market By Type
Market By Application
Market By End-user
Market By Geography
Surgical staples are used to close incisions after surgery. Surgical staplers are also used in colorectal surgeries, cosmetology procedures, laparoscopic procedures, general surgeries, and flexible endoscopic procedures.
There are two types of surgical staples named disposable and reuse.
Increasing demand for application in minimally invasive procedures. is main driver of the surgical staplers market.
According to Acumen Research and Consulting, the surgical staplers market value is anticipated to be worth around US$ 7,761.09 million in 2026.
The surgical staplers market is anticipated to grow over 8.16% CAGR during the forecast period 2019 to 2026.
North America held maximum share in 2018 for surgical staplers market.
Medtronic PLC, Ethicon (J&J), B. Braun Melsungen AG, 3M Company, ConMed Corporation, and Smith & Nephew, are the top players operating in the surgical staplers market.