USD 4.87 billion
Report ID:
SQMIG35A2499 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
90
|Figures:
76
Surgical Staplers Market size was valued at USD 5.15 Billion in 2023 and is poised to grow from USD 5.45 Billion in 2024 to USD 8.6 Billion by 2032, growing at a CAGR of 5.85% during the forecast period (2025-2032).
The surgical stapler market has witnessed substantial growth due to increase in prevalence of chronic disease, and rise in the number of surgical procedures In addition, the increasing adoption of minimal invasive procedures. The surgical staplers offer a wide range of advantages during surgical procedures such as shorter hospital stays, reduced postoperative complication, and faster recovery times. These advantages enhance the adoption of surgical staplers among physicians and increase efficiency in surgery.
Moreover, the advancement in surgical stapling technology and presence of key players further propel the growth of the market The development of innovative devices with advanced features, enhance the surgical procedure.
However, the high cost of surgical staplers and limited access to advanced healthcare facilities restrain the growth of the market. In addition, the presence of alternative wound closure technologies, possess a threat to the growth of the market.
The increasing awareness among physicians about the benefit of surgical staplers, and increasing technological advancement is expected to continue the growth of the market.
The increasing development in healthcare infrastructure, and initiative taken by the government for development of healthcare facilities drive the growth of the market. Emerging countries such as China, India, and Brazil, undergo rapid economic growth with improved access to healthcare services.
US Surgical Staplers Market is poised to grow at a sustainable CAGR over the next forecast year.
Global Market Size
USD 4.87 billion
Largest Segment
General surgery
Fastest Growth
Gynecology surgeries
Growth Rate
5.85% CAGR
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The global surgical staplers market can be segmented based on product type, application end-use industry, and region. Based on product type, the market can be segmented into disposable surgical staplers, reusable surgical staplers. Based on application, the market can be segmented into gynecology surgeries, general surgery, cardiothoracic surgery, orthopedic surgery. Based on end-use industry, the market can be segmented into hospitals, ambulatory surgical centers, specialty clinics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Surgical Staplers Market Analysis By Product Type
The largest market segment in the surgical stapler’s market is the "Disposable Surgical Staplers" segment. Disposable surgical staplers have gained significant popularity due to their convenience, reduced risk of cross-contamination, and elimination of sterilization processes. These staplers offer a cost-effective solution for healthcare providers and are widely used in various surgical procedures. The disposable nature of these staplers eliminates the need for reprocessing and sterilization, saving time and resources in healthcare settings. Moreover, disposable staplers provide consistent performance and are designed to minimize tissue trauma, ensuring optimal patient outcomes.
On the other hand, the fastest growing segment in the surgical stapler’s market is the "Powered Surgical Staplers" segment. Powered surgical staplers, equipped with battery-operated mechanisms, have witnessed a rapid surge in demand. These staplers provide advantages such as improved ease of use, faster firing speed, and consistent staple formation, leading to efficient wound closure. The increasing adoption of powered surgical staplers can be attributed to their ability to enhance surgical outcomes, reduce procedure time, and improve overall patient safety. Surgeons are increasingly recognizing the benefits of powered staplers in complex surgeries and high-volume procedures, such as gastrointestinal and thoracic surgeries, where precision and speed are crucial.
Surgical Staplers Market Analysis By Application
The general surgery segment dominates the surgical stapler’s market. General surgery is used in various procedures such as hernia repairs, gastrointestinal surgeries, appendectomies, and gallbladder surgeries. The surgical staplers are increasingly used in general surgery to enhance the wound closure procedure, which further reduces the risk of postoperative complication. In addition, the surge in demand for minimal invasive producers, and rise in prevalence of gastrointestinal disorder, increase the need for surgical staplers and drive the growth of the market.
The gynecological surgery is the fastest growing segment in the surgical stapler’s market. The procedure such as oophorectomies, myomectomies, and hysterectomies needs precise wound closure. The increase in the number of gynecology procedures, further increase the need for surgical staple and propel the growth of the market. In addition, the increasing awareness among physicians about the effective use of surgical staplers drives the growth of the market.
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The largest market region in the surgical stapler’s market is North America. North America has a well-established healthcare infrastructure, advanced medical technologies, and a high adoption rate of surgical staplers. The region's dominance can be attributed to factors such as the presence of key market players, high healthcare expenditure, increasing surgical procedures, and the demand for advanced surgical tools. Moreover, the growing prevalence of chronic diseases, such as cardiovascular diseases and cancer, requiring surgical interventions, has further contributed to the market's growth in North America. The US, in particular, holds a significant share in the region due to its robust healthcare system and a large patient pool.
On the other hand, the fastest growing region in the surgical stapler’s market is the Asia Pacific. The Asia Pacific region is witnessing rapid economic growth, improving healthcare infrastructure, and a rising middle-class population with increasing disposable incomes. These factors have led to increased access to healthcare services and a greater demand for advanced medical technologies, including surgical staplers. The region's growing population, particularly in countries such as China and India, has resulted in an increase in surgical procedures, driving the demand for surgical staplers. Additionally, the rising prevalence of chronic diseases, changing demographics, and government initiatives to improve healthcare access and quality have further propelled market growth in the Asia Pacific.
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Surgical Staplers Market Drivers
Increasing Adoption Of Minimally Invasive Surgical Procedures
Surgical Staplers Market Restraints
High Cost Associated With These Devices
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The competitive landscape of the surgical stapler’s market is characterized by the presence of several key players striving to gain a competitive edge through product innovation, strategic partnerships, and geographical expansion. These companies focus on continuous research and development activities to introduce advanced surgical staplers with improved functionalities, ergonomic designs, and enhanced safety features. In addition to established players, emerging companies are entering the market with innovative stapling technologies, creating a competitive environment.
Surgical Staplers Market Top Player’s Company Profiles
Surgical Staplers Market Recent Developments
In February 2024, Novo Integrated Sciences' auxiliary, Clinical Consultants International (CCI), arranged with Futura Surgicare Pvt Ltd. The agreement expresses that CCI will assist Futura with getting endorsements from the U.S. FDA for its high-level, careful items. Furthermore, CCI and Futura will collaborate to present first-rate Dolphin Sutures and mesh items to the medical care market in North America. This association could prompt huge expense reserves and better consideration for patients and medical services suppliers in the US.
In June 2023, Medtronic CEO Geoff Martha gave refreshers on different parts of the organization. A portion of the key regions he tended to incorporate were the inventory network, work, research, and development, and Hugo, which may be a reference to a particular venture, item, or drive inside the organization. These updates are probably going to offer partners and the public experiences into Medtronic's ongoing status, difficulties, and headways in various regions under Geoff Martha's authority.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the surgical staplers market has witnessed significant growth and is expected to continue expanding in the future. The increasing adoption of minimally invasive surgical procedures, driven by advantages such as reduced complications and faster recovery, remains a primary driving factor. Technological advancements in surgical stapling devices, including adjustable staple height and advanced safety mechanisms, have further propelled market growth. Among the product segments, disposable surgical staplers have emerged as the largest market segment due to their convenience and cost-effectiveness. Additionally, powered surgical staplers are the fastest growing segment, offering improved precision and efficiency in complex surgeries. In terms of geographical dominance, North America, particularly the United States, holds a substantial market share due to a well-established healthcare infrastructure and high adoption rates. However, the Asia Pacific region, with its rapidly developing healthcare infrastructure, rising middle-class population, and increasing surgical procedures, is the fastest growing region. Looking ahead, the surgical staplers market holds immense future scope, driven by technological advancements, growing healthcare expenditure, and expanding application areas.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.87 billion |
Market size value in 2031 | USD 8.12 billion |
Growth Rate | 5.85% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Surgical Staplers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Surgical Staplers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surgical Staplers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Surgical Staplers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Report ID: SQMIG35A2499
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