Global Surgical Stapling Devices Market

Global Surgical Stapling Devices Market Size, Share, Growth Analysis, By Product (Manual, Powered), By End User (Hospitals, Ambulatory Surgical Centers), By Technology (Tandem Mass Spectrometry, Pulse Oximetry), By Region -Industry Forecast 2024-2031


Report ID: SQMIG35A2932 | Region: Global | Published Date: October, 2024
Pages: 182 | Tables: 62 | Figures: 70

Surgical Stapling Devices Market Dynamics

Drivers

Rising Technological Advancements

  • This is mainly an influential driver of the market through the advancement of surgical stapling devices. Some of the latest technologies that change the face of surgeries, are next-generation powered staplers that enhance precision accuracy and customizable setting with real-time feedback. Increased effectiveness and safety are achieved through better closure of wounds, shorter recovery times, and fewer complications. The utility of staplers is further augmented with the development of models that are designed to have features that are well-suited for certain types of surgeries, such as bariatric or minimally invasive surgeries. The rising demand for these latest stapling devices can be attributed to the fact that medical facilities, such as hospitals and surgical centers, make such moves to advance their technology and help their patients' outcomes, and to further expand their operations.

Rising Number of Surgical Procedures

  • As more people get diagnosed with chronic diseases, coupled with the aging population, surgical operations are on the rise globally. More procedures translate to an intense demand for reliable and effective surgical stapling devices. As a result, more health professionals are investing in powered and manual staplers that meet the growing demand, enhance precision in surgeries, and improve patient results. To meet such demand, more hospital and surgical facilities are emerging all over the globe, which in turn enhances the demand for efficient stapling solutions. Such surgical stapling devices have a marked impact on the market due to increasing surgical operations and a growing need for better surgical results.

Restrains

High Cost of Powered Staplers

  • Highly priced stapling equipment is one major market restraint. Powered staplers are costlier to run because they not only have extra features but also much more precision, making them less affordable to use than manual staplers. These might appear to be very out of the budget for many healthcare institutions and especially low- and middle-income countries where financial constraints feature very prominently. The cost of purchase and cost of maintenance and training of staff members on how to utilize powered staplers might make them less used as well. This price barrier thus creates differences in the availability of modern surgical apparatus and prevents the wide-scale use of novel stapling techniques.

Risk of Complications and Learning Curve

  • Surgical staplers, particularly the more advanced powered varieties, inherently involve some risk of potential tissue damage, malfunctioning the stapler, and complications after surgery. But more advanced stapling machines demand that healthcare professionals overcome a steeper learning curve to efficiently operate. This only ensures proper functioning and minimizes risk when appropriate training is provided to medical personnel, including surgeons. And so, the introduction of new stapling technologies would be limited by the necessity of continued education and by the possibility of mistakes. Healthcare providers will be able to weigh these merits against the associated risks and learning requirements, which will restrain market growth.
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FAQs

Global Surgical Stapling Devices Market size was valued at USD 5.34 Billion in 2023 and is poised to grow from USD 5.83 Billion in 2024 to USD 10.89 Billion by 2031, growing at a CAGR of 9.33% in the forecast period (2024-2031).

New businesses and existing businesses fuel competition within the global market. In this direction, these players are making use of various strategies such as joint ventures, new product launches, and mergers & acquisitions. Competition in this market is expected to deteriorate further with more industry solutions being cleared up by regulatory agencies such as the FDA. 'Medtronic', '3M Healthcare', 'BioPro, Inc.', 'Johnson & Johnson Services, Inc', 'ConMed Corporation', 'BD', 'B. Braun SE', 'Smith + Nephew', 'Frankenman International Ltd.', 'Intuitive Surgical Operations, Inc.', 'Stryker', 'CareFusion Corporation', 'Cardica, Inc.', 'Ethicon US., LLC', 'Covidien'

This is mainly an influential driver of the market through the advancement of surgical stapling devices. Some of the latest technologies that change the face of surgeries, are next-generation powered staplers that enhance precision accuracy and customizable setting with real-time feedback. Increased effectiveness and safety are achieved through better closure of wounds, shorter recovery times, and fewer complications. The utility of staplers is further augmented with the development of models that are designed to have features that are well-suited for certain types of surgeries, such as bariatric or minimally invasive surgeries. The rising demand for these latest stapling devices can be attributed to the fact that medical facilities, such as hospitals and surgical centers, make such moves to advance their technology and help their patients' outcomes, and to further expand their operations.

Growth in Minimally Invasive Surgery: The demand for advanced surgical stapling products is increasingly influenced by the growth in minimally invasive surgical techniques. Specialized staplers for less invasive surgical procedures, including laparoscopic procedures, should ensure minimum tissue damage and faster recovery as compared to open surgery. Benefits such as shorter hospital stays, faster recovery times, and reduced postsurgical pain have pushed the trend in that direction. The market for advanced stapling technologies is on the increase because of people using minimally invasive treatments. This is more so because there would be a higher need for advanced stapling devices, which would be tailored towards these surgeries with unique requirements.

North America accounted for the largest share of 29.85% in the global surgical stapling devices market revenue in 2023. Factors contributing to this include the rising incidence of chronic diseases such as cardiac conditions and the presence of major industry players, including Intuitive Surgical, 3M, CONMED Corporation, and Medtronic. Due to having significant competitors, greater emphasis being placed on making treatments more efficient, and the fact that high investments are being made in R&D, surgical stapling devices had been a considerable part of the North American market in 2023. Significant players of the industry are situated in the US, including Johnson & Johnson, Intuitive Surgical, 3M, CareFusion Corporation, and a Becton Dickinson Company.

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Global Surgical Stapling Devices Market

Report ID: SQMIG35A2932

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