"Surgical stapler market to exhibit dynamic growth during the forecast period"
The global surgical stapler market is increasing proficiently, expected to grow at a CAGR of 6.8%. Globally, the increasing usage of staples over traditional sutures will enhance the overall growth of the market. Rising surgical procedures along with minimally invasive procedures will drive market growth. Globally, increasing technological assessment in the product segment (mainly reusable staples), usage in endoscopic procedures and other applications such as gynecology, wound care, thoracic, gastrointestinal procedures are major factors driving the overall growth of the surgical staplers market. Increasing bariatric surgical procedures and the execution of advanced technologies in the overall surgical care will further spur revenue growth. Moreover, the introduction of powered devices and increasing need for tissue & wound care management is probable to further drive the overall growth of the market.
"Single use surgical staplers expected to register higher growth by the end of 2033"
By type, the surgical staplers market has been further segmented into single-use and reusable. Medical-grade plastics are used in disposable stapling devices. Stainless steel is preferred more in the reusable segment. In 2021, disposable surgical staplers generated maximum revenue share in the global market. Numerous advantages and benefits associated with these staplers include reduced risk of surgical site infections and time effectiveness owing to the pre-sterilization of surgical devices. The powered devices are preferred more due to enhanced technology advancement. For e.g. ECHELON CIRCULAR™ Powered Stapler, iDrive™ Ultra Powered Stapling System, Endo GIA™ Reinforced Reload with Tri-Staple™ Technology and others.
Additionally, the Centers for Disease Control and Prevention (CDC), U.S FDA and other organizations have implemented positive guidelines for the usage of disposable devices along with regulations over infection control and sterilization of medical devices.
"Laparoscopic surgery to witness a significant CAGR"
The increasing prevalence of chronic diseases, cancer, and the growing number of hospital admissions for various lifestyle diseases in the geriatric segment will enhance the growth of the market. Every year more than 113,000 bariatric surgeries are performed in the U.S., resulting in high demand for surgical staplers. In 2018, the abdominal & pelvic surgery in the applications expected to account for the maximum revenue share of the global market. It can be attributed to the growing prevalence of obesity and the rise in the number of weight loss and bariatric surgeries on a global scale.
Moreover, increasing laparoscopic surgeries along with wound closure procedures will drive the overall demand globally. Enhanced applications in general surgery, commercialization of stapling devices for endoscopic surgery in the pediatric segment and new applications for powered staplers will further spur revenue growth during the forecast period. Additionally, FDA approval for non-invasive surgeries, new launch of devices and technology expansion in the emerging nations will drive the overall demand in the applications segment worldwide.
"Increased research and development with strong product pipelines in the developed regions"
North America generated maximum revenue share around 1 Bn in the global surgical stapler market, owing to increasing number of surgeries performed every year, new launches along with the presence of top manufacturers, and FDA approval for non-invasive surgeries. Asia Pacific market show fastest CAGR worldwide. Acceptance of new brands from the U.S. and European manufacturers will boost market growth in the near future. Innovative technology expansion with higher safety and compatibility, partnerships, technology advancement in the developing nations and improved R&D on surgical devices will further drive the market growth on a global scale.
Key Developments
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Surgical Stapler market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2023-2033 |
| Base Year | 2024 |
| Forecast Period | 2025-2033 |
| Historical Year | 2023 |
| Unit | USD Million |
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Region Segment (2023-2033; US$ Million)
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Key questions answered in this report
