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 News

  • In January 2024, Teleflex Incorporated released its new Titan SGS Stapler with Staple Line Reinforcement. Bariatric surgeons who buttress each staple fire during the sleeve gastrectomy will appreciate this stapler. The company is now accepting pre-orders for the product.
  • In October 2023, Teleflex Incorporated received FDA 510(k) clearance for its Titan SGS Standard Staple Line Reinforcement product.
  • In November 2023, the Powered Endoscopic Stapler by Ezisurg Medical was TÜV Rheinland granted the MDR Certificate. TÜV Rheinland is a company that provides testing, certification, and inspection services headquartered in Germany. There is value for the stapler in tissue excision, transsection, and the creation of anastomoses in open as well as minimally invasive surgery.
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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

$5,300
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