Rising adoption of surgical staplers among patients and surgeons especially cosmetic surgeons across the globe will drive the growth of surgical stapler market during the forecast period
The global surgical stapler market touched USD 3,046.3 million in 2017, and is expected to reach USD 5,636.6 million by 2025, growing at a CAGR of 8.2% during 2018–2025.
The key factors boosting growth of the market are:
- Increasing adoption of minimally invasive procedures
- Technological Advancement in surgical instruments
- Paradigm shift towards surgical stapler over traditional sutures
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Surgical stapler market is expected to dominate during the forecast period due to continuous innovations and launch of technologically advanced products along with mergers and acquisitions by various companies. For instance, in 2018, Aesculap, a division of B. Braun announced that acquisition of surgical stapler maker Dextera Surgical.
Disposable segment is expected to dominate the market during the forecast period due to lack of risk for cross-contamination and more preference towards disposable staplers. Furthermore, cost effectiveness and higher adoption rate across emerging countries such as China and India are expected to fuel the market growth during the forecast period
The Manual segment held the largest share in the 2017 in the market due to extensive use of surgical stapler in general surgery and gynaecology procedures. In addition, a paradigm shift from traditional sutures to surgical staplers, higher adoption rate among patients and surgeon especially cosmetic surgery will propel the overall surgical stapler market during the forecast period.
Surgical stapler gaining popularity in general surgery, gynaecology, colorectal and urology surgeries. In addition, rising surgical procedure across the globe will gain underline. For instance, in 2016, 1.32 million caesarean procedures have been performed in the European Union according to Eurostat.
“Major companies are focussing on Innovative product launch activities for developing surgical staplers which is expected to drive the market growth during the forecast period. —-GMI Research
Based on geography, North America held the largest share in the market in 2017 due to well-developed healthcare systems, growing healthcare awareness, favourable reimbursement policies, presence of a large number of manufacturers and high disposable income in the region. In addition, growing medical tourism and increasing preference for bariatric and cosmetic surgeries are the factors which are fuelling the demand for surgical staplers in the region. Europe is expected to show a significant growth rate in surgical stapler market. Asia-Pacific region is projected to grow at the fastest rate through 2025 due to rising number of surgical procedures and adoption of minimally invasive surgeries
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Key takeaways/key essentials:
- In 2017, the disposable type segment grows at a highest CAGR 9.0% during forecast period.
- Product launches and unmet medical needs in emerging countries are expected to play key role for market growth during the forecast period
- US Food and Drug Administration gave 510(K) approval to Ethicon US LLC for Echelon Circular Powered Stapler, to reduce complications in the gastric, colorectal and thoracic cancer surgeries.
Global surgical stapler market share is divided by some of the key players operating in the global market for surgical stapler include Becton, Dickinson and Company; Ethicon Inc. (A Johnson & Johnson subsidiary), B. Braun Melsungen AG, Smith & Nephew, CONMED Corporation, Dextera Surgical Inc., Meril Life Sciences Pvt. Ltd., Frankenman International Limited, XNY Medical, Grena Ltd. among others.
The global surgical stapler market has been segmented based on type, product type, application, end user and key geographies. Based on the type, global surgical stapler market has been segmented into disposable and reusable. Based on product type, the market has been segmented into powered and manual. Based on application, the market has been segmented into general surgery, synecology, colorectal, urology and others. Based on end user, the market has been segmented into Hospitals, Ambulatory Surgical Centres and Clinics.
The research report on surgical stapler market provides in-depth analysis of the global surgical stapler market based on type, product type, application, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the global surgical stapler market growth as well as challenges faced by the market participants. The research report also provides market global surgical stapler market size and global surgical stapler market forecast for surgical stapler market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
For more details, browse the Table of Contents: https://www.gmiresearch.com/report/global-surgical-stapler-market/
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