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

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).

The main driver for market growth is the rising preference for staples over sutures. Many manufacturers have successfully launched staplers designed for endoscopic surgery with new technologies. These are employed in various specialties, for instance, tissue and wound treatment, gastrointestinal, thoracic, and gynecological surgery. This demand for surgical staplers is expected to rise because of the increasing bariatric treatments and endoscopic procedures with advanced technologies. Moreover, the rising demand for wound and tissue care accompanied by the emergence of powered surgical instruments will increase surgical stapler usage. In addition, another reason for increased demand for stapling instruments would be due to an increased incidence of chronic conditions. Chronic diseases include cancer, heart disease, neurological disorders, and urological illnesses among others. According to the World Health Organization report 2023 that is released in September, non-communicable diseases account for nearly 40 million deaths yearly worldwide, or 74% of all deaths. Besides, nearly 17.9 million people die globally due to cardiovascular diseases (CVD), which cause the largest proportion of mortality from non-communicable diseases. Therefore, one could expect that the presence of significant patient flow with chronic diseases will excite further development of the surgical stapling devices market in the next years.