A Detailed Analysis of the Surgical Staplers Market Based on the Growing Number of Surgical Procedures, and Advancements in Minimally Invasive Techniques
Industry: Healthcare
Published Date: January-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 217
Report ID: PMRREP33727
The global surgical staplers market is forecast to expand at a CAGR of 4.7% and thereby increase from a value of US$4 Bn in 2023, to US$5.5 Bn by the end of 2030.
|
Attributes |
Key Insights |
|
Surgical Staplers Market Size (2023E) |
US$ 4,012.0 Million |
|
Projected Market Value (2030F) |
US$ 5,533.3 Million |
|
Global Market Growth Rate (2023 to 2030) |
4.7% CAGR |
|
Historical Market Growth Rate (2018 to 2022) |
3.9% CAGR |
|
Revenue Share of Top Four Countries (2022E) |
45% |
Surgical staplers have significantly transformed the surgical process by enabling surgeons to manipulate tissue throughout a wide range of procedures. These specialized instruments are substitutes for conventional sutures; they bind or staple tissue together with exceptional efficiency. The implementation of surgical staplers results in improved procedural efficacy, decreased operating time, and a diminished likelihood of infection in comparison to traditional stitching techniques. There are numerous varieties of these instruments, such as skin staplers, linear, and circular, each of which fulfils a distinct set of surgical needs.
The global market for surgical staplers is experiencing a strong upward trend due to their extensive utilization in minimally invasive procedures and the rising volume of surgical operations conducted on an international scale. The significant increase in worldwide surgical stapler demand can be ascribed to a multitude of motivating factors and contributing elements. To begin with, the global surgeon count has increased substantially due to the escalating incidence of chronic diseases necessitating surgical procedures. Surgical staplers enable expedited and accurate closures, thereby catering to the increasing demand for effective surgical instruments.
Additionally, the market's growth is facilitated by ongoing developments in surgical technology, including the creation of ergonomic and user-friendly staplers. Moreover, market expansion is propelled by the rising prevalence of minimally invasive procedures, which are significantly dependent on surgical staplers to achieve favorable results. In addition, the worldwide demand for surgical staplers is augmented by the growing geriatric population and the increase in investments in healthcare infrastructure.
Rising Incidence of Chronic Illnesses that Require Surgical Procedures
The worldwide increase in the need for surgical staplers is primarily attributed to the rising incidence of chronic illnesses that require surgical procedures. This overarching factor significantly influences the market dynamics of surgical staplers. Surgical procedures must increase proportionally to the prevalence of conditions such as cardiovascular diseases, gastrointestinal disorders, and various types of malignancy.
The escalating age of the global population and the changing patterns of living are contributing to an unprecedented prevalence of chronic diseases, which demand sophisticated medical interventions. As a result, the increased need for surgical staplers is closely associated with the growing quantity and intricacy of surgical procedures performed in various medical fields.
The rising incidence of chronic illnesses correlates directly with the expanding demand for surgical procedures, which in turn drives the implementation of surgical staplers. These devices have evolved into essential components of contemporary surgical equipment, furnishing practitioners with effective methods to manage intricate medical circumstances.
By their capacity to optimize procedures, diminish operative duration, and mitigate the likelihood of complications, surgical staplers have established themselves as indispensable instruments within the dynamic realm of healthcare. Furthermore, the increasing emphasis on minimally invasive procedures as a result of the need for expedited recuperation and diminished postoperative complications has solidified the significance of surgical staplers.
Expanding Environmental Apprehensions, and Sustainability Dilemmas
Although the worldwide surgical stapler market is experiencing substantial expansion, it is not devoid of obstacles. A market-restraining factor is the rigorous regulatory environment that is in place for medical devices. The regional variations in regulatory prerequisites for the approval and commercialization of surgical staplers introduce intricacy to the processes of entering the market and introducing new products. Strict criteria are enforced by regulatory bodies, including the European Medicines Agency (EMA), and the US Food and Drug Administration (FDA), to guarantee the safety and effectiveness of medical devices.
Potential Hazards, and Safety Implications
A notable factor exerting pressure on the worldwide surgical staplers market is the increasing apprehension and scrutiny about the potential hazards and safety implications associated with these medical apparatus. Surgical staplers are of utmost importance in numerous procedures; consequently, any occurrence of malfunctions, misfires, or adverse events has prompted increased regulatory and public scrutiny.
Disciplinary outcomes, such as tissue damage and postoperative complications, have prompted a re-evaluation of the safety protocols and standards that regulate surgical staplers by regulatory agencies. The heightened emphasis on patient safety has led to a more stringent regulatory environment during the approval process for new stapler models, resulting in increased scrutiny.
Growing Emphasis on Technological Innovation and Progress
An opportunistic factor propelling the expansion of the worldwide surgical staplers market is the healthcare industry's growing emphasis on technological innovation and progress. The exponential progression of medical technology offers manufacturers an immense opportunity to incorporate state-of-the-art functionalities and attributes into surgical staplers, thereby augmenting their efficacy and broadening their range of potential uses. As healthcare providers and surgeons strive to acquire instruments that can facilitate minimally invasive and more effective procedures, the incorporation of cutting-edge technologies emerges as a significant catalyst for market expansion.
There has been a significant trend towards the advancement of intelligent and robotic-assisted surgical staplers in recent times. By utilizing robotic systems, artificial intelligence, and machine learning, these cutting-edge devices improve surgical precision and control. Specifically, robotic surgical staplers provide surgeons with enhanced ergonomics, three-dimensional visualization, and increased dexterity. The increasing demand for minimally invasive procedures has established surgical staplers as pivotal elements in the continuous evolution of surgical practices, owing to these technological developments.
Significant growth is anticipated in the global surgical stapler market because of a convergence of factors that collectively form an ever-changing environment for manufacturers, healthcare providers, and consumers. The increasing incidence of chronic diseases worldwide, which require surgical interventions, is the principal factor propelling the market for surgical staplers. With the progression of time and changes in lifestyles, there is a growing need for surgical interventions, including both conventional and minimally invasive techniques.
Surgical staplers, which are essential instruments in numerous procedures, are gaining popularity due to their effectiveness, accuracy, and capacity to shorten the duration of the operation. Constant technological progress is influencing the domain of surgical staplers, resulting in enhanced operational capabilities, user-friendliness, and safety. The incorporation of connectivity functionalities, artificial intelligence, and robotics into surgical staplers significantly improves their operational efficiency, providing surgeons with unparalleled control and capabilities.
Technological advancements not only improve the efficacy of surgical procedures but also impact consumer purchasing behavior, thereby nurturing a partnership between manufacturers and consumers that is predicated on product innovation and progress. The worldwide proliferation of minimally invasive procedures is a substantial determinant impacting the surgical staplers market. There is growing recognition among both patients and healthcare providers of the advantages associated with these procedures, including abbreviated hospital stays and decreased recovery periods.
Surgical staplers are significant in facilitating and improving the results of minimally invasive procedures; this has led to their extensive utilization and a favorable market outlook. In anticipation of the future, the surgical staplers market is anticipated to exhibit a consistent pattern of expansion, driven by continuous technological advancements, a rise in surgical procedures, and enhanced healthcare availability on a global scale. As technological progress further influences product development and priorities shift towards patient outcomes, the dynamic between manufacturers and consumers will probably transform.
Supply-side Dynamics
The global market for surgical staplers is distinguished by the dominance of key industry participants. The leading contenders include Johnson & Johnson, Medtronic, Ethicon (a Johnson & Johnson subsidiary), and B. Braun Melsungen AG. These corporations' market dominance can be attributed to their global reach, extensive research and development efforts, and diverse product lines. Surgical stapler adoption is extensive, with Europe and North America emerging as the preponderant regions. Particularly, the US’ sophisticated healthcare infrastructure and constant introduction of innovative surgical technologies contribute to its substantial market share.
Moreover, as their healthcare systems progress, Asia Pacific nations, including China and India, are experiencing a surge in market utilization, which presents market participants with lucrative opportunities. Developed nations such as Germany, and the US employ surgical staplers extensively in a wide array of procedures, including thoracic, cardiovascular, and gastrointestinal operations. Prominent medical institutions have widely implemented sophisticated stapling devices, which enable significantly expedited and accurate surgical closures.
Prominent entities within the surgical staplers market are proactively influencing the course of the sector by implementing strategic endeavors. These corporations make significant investments in research and development to introduce staplers that are technologically advanced, thereby improving their accuracy and usability. As an example, Ethicon consistently introduces novel stapling solutions, including reloads that promote enhanced staple formation, which has a positive impact on both patient outcomes and surgeon satisfaction. Furthermore, market leaders are extending their international presence using strategic alliances, mergers, and acquisitions.
What is the Leading Product Category?
Powered Surgical Staplers to Dominate in Sales
It is expected that the powered surgical stapling device segment will maintain its position of market dominance and acquire the largest market share in the foreseeable future. Powered devices' enhanced precision and efficiency, in conjunction with the growing prevalence of minimally invasive surgical procedures, situate this sector at the vanguard of the surgical staplers market. Simultaneously, the manual stapling device segment is anticipated to witness the most rapid expansion rate among all market segments.
Notwithstanding the proliferation of powered devices, the manual sector continues to be of utmost importance, particularly in areas where affordability and availability are critical factors. Manual surgical staplers, which provide a more cost-effective alternative, are anticipated to experience substantial expansion, propelled by their extensive implementation in diverse healthcare environments worldwide.
What is the Predominant Usage of Surgical Staplers?
Disposable Staplers Maintain a Commanding Position as the Need of Infection Control Continues to Soar
It is expected that the disposable surgical staplers segment will maintain its dominant market position for the foreseeable future. The market dominance of single-use devices in healthcare contexts can be attributed to the growing inclination towards such devices, which is motivated by concerns regarding infection control and the practicality of disposal. There is a growing trend among hospitals and healthcare providers to implement disposable surgical staplers as a means of reducing the potential for cross-contamination and optimizing surgical procedures.
In contrast, the segment of reusable surgical staplers is anticipated to expand more rapidly over the next few years. Although disposal is still a significant factor, the environmental impact and cost-effectiveness of reusable devices are gaining prominence as additional considerations in the decision-making process. The rapid expansion of this market segment is facilitated by technological developments that improve the longevity and simplicity of sterilization of reusable staplers. This is particularly true in areas where long-term cost savings and sustainability are of considerable importance.
Which is the Spearheading Segment by Stapling Type?
Straight Staplers Continue to Witness the Maximum Adoption
Amidst the dynamic market environment for surgical staplers, it is expected that the Straight segment will maintain the most substantial portion of the market. The extensive range of surgical procedures in which straight staplers can be utilized is a contributing factor to their widespread adoption. Straight staplers are frequently preferred by surgeons due to their versatility and efficacy across a wide array of anatomical situations.
On the other hand, the circular segment is anticipated to observe the most rapid rate of expansion. The growing incidence of surgical procedures that involve circular anatomical structures, such as those found in the gastrointestinal tract, contributes to the increased need for specialized circular staplers. Circular staplers are anticipated to experience substantial growth due to technological advancements that improve their safety and precision. As a result, they have become indispensable instruments in surgical procedures that demand precise tissue closure in circular configurations.
Which is the Primary Segment by Indication?
The Digestive Tract Segment leads as the Gastrointestinal Procedures Create Notable Demand
The digestive tract segment is anticipated to hold the most substantial market share among the specified segments in the surgical staplers market. This is predominantly attributable to the significant incidence of gastrointestinal surgeries and the indispensable function that staplers perform in digestive tract-related procedures. A significant contributor to the dominance of this segment is the demand for surgical staplers utilized in gastrointestinal procedures, such as those involving the stomach and intestines.
Concurrently, the lung segment is expected to exhibit the most rapid rate of expansion. With the increasing prevalence of minimally invasive thoracic surgeries, surgical staplers assume a critical function in procedures that involve the lungs. The demand for lung staplers is further augmented by the growing implementation of robotic-assisted techniques and video-assisted thoracic surgery (VATS).
Greater Focus on Surgical Precision to Account for North America’s Primacy
It is anticipated that North America will hold the largest market share of the worldwide surgical stapler industry. Multiple factors contribute to this region's dominance. The healthcare infrastructure in North America, which is firmly established, and the rapid rate at which advanced medical technologies are adopted, are both crucial factors. Surgical staplers are among the cutting-edge surgical equipment that hospitals and surgical centers throughout the US, and Canada consistently acquire to improve patient outcomes and surgical precision. Furthermore, the rising incidence of chronic illnesses, which results in a corresponding surge in surgical procedures, serves to augment the need for surgical staplers.
Additionally, the market environment in North America is characterized by dependability and a focus on quality, which is facilitated by rigorous regulatory frameworks and safety standards. The surgical staplers' safety and effectiveness are instilled with confidence through the rigorous evaluation and approval processes implemented by the US FDA.
Asia Pacific Awaits Solid Growth in Line with Rapid Adoption of Advanced Surgical Technologies
It is expected that the Asia Pacific region will witness the most rapid expansion of the worldwide surgical staplers market. There are multiple contributors to this anticipated expansion. To commence, the escalating incidence of chronic ailments in the area, in conjunction with an expanding elderly populace, is propelling the need for surgical interventions. Advanced surgical technologies, such as staplers, are being adopted at an accelerated rate in tandem with the improvement of healthcare infrastructure.
Additionally, rising disposable income and economic development in nations such as China, and India contribute to increased healthcare expenditures. Consequently, this facilitates the procurement of advanced medical apparatus, such as surgical staplers. In Asia Pacific, the increasing prevalence of minimally invasive procedures is attributed to their shorter hospital stays and quicker recovery times; this is contributing to the rising demand for surgical staplers.
Prominent entities in the surgical staplers industry, such as Johnson & Johnson, Medtronic, Ethicon, and B. Braun Melsungen AG, utilize a variety of approaches to attain and sustain their utmost market presence. An essential tactic implemented by these competitors is an unwavering commitment to the development of innovative products. The company allocates substantial resources towards research and development to introduce state-of-the-art stapling devices that incorporate sophisticated functionalities.
Surgical staplers' performance and accuracy are enhanced through the incorporation of technologies such as AI, and robotics, as well as ongoing developments in staple formation and ergonomic design. As an innovation-focused subsidiary of Johnson & Johnson, Ethicon is renowned for introducing new products regularly that establish standards within the industry.
Prominent competitors endeavor to provide an extensive assortment of products that encompass a broad spectrum of surgical applications. These companies serve a wide range of medical specialties by offering staplers that are customized for specific surgical procedures; as a result, their products are essential in numerous healthcare environments.
By ensuring a wide variety of surgical staplers, including those intended for minimally invasive procedures, Medtronic, for instance, bolsters its substantial market presence. To maximize their market share, dominant firms concentrate on penetrating the global market. They successfully penetrate strategic markets characterized by substantial demand for surgical staplers. Johnson & Johnson and Medtronic, as multinational enterprises, utilize their vast networks to effectively distribute their products on a global scale, thereby guaranteeing accessibility and availability across a variety of healthcare markets.
New Product
Ethicon, a subsidiary of Johnson and Johnson, introduced the ECHELON 3000 Stapler in June 2022. This digitally enabled instrument offers powered articulation to physicians in a single-handed motion, facilitating the precise management of patient's requirements.
Market Impact: The June 2022 launch of the ECHELON 3000 Stapler by Ethicon, a Johnson & Johnson subsidiary, signifies a substantial progression within the worldwide market for surgical staplers. By its propelled articulation and single-handed operation, this digitally enabled instrument not only improves the accuracy of surgical procedures but also exemplifies a more general tendency toward the integration of sophisticated technologies into surgical instruments. It is anticipated that the innovation and efficacy of the solution it offers surgeons will have a positive effect on the market, possibly influencing the global adoption of these technologically advanced staplers.
(Source: Medical Device Network)
New Investment
Following the introduction of the Titan SGS surgical stapler in February 2022, Standard Baroatric Inc. received Final Series B funding over USD 35.0 million early.
Market Impact: The Titan SGS surgical stapler, which was unveiled in February 2022, and the Final Series B funding secured by Standard Bariatric Inc., which surpassed USD 35.0 million, are anticipated to significantly influence the worldwide surgical staplers market. The presence of this financial support highlights an expanding investor faith in novel surgical technologies, which may stimulate further investments in research, development, and market entry. The introduction of the Titan SGS stapler to the market is consistent with the prevailing pattern of technologically sophisticated surgical instruments, which heightens competition and promotes progress that could potentially impact the surgical stapler industry as a whole.
(Source: Standard Bariatrics)
|
Attribute |
Details |
|
Forecast Period |
2023 to 2030 |
|
Historical Data Available for |
2018 to 2022 |
|
Market Analysis |
US$ Million for Value |
|
Key Regions Covered |
|
|
Key Countries Covered |
|
|
Key Market Segments Covered |
|
|
Key Companies Profiled |
|
|
Report Coverage |
|
|
Customization & Pricing |
Available upon request |
By Product:
By Usage:
By Stapling Type:
By Indication:
By Region:
To know more about delivery timeline for this report Contact Sales
The market is anticipated to grow at a CAGR of 4.7% during the projected period.
The surgical staplers market size was valued at US$4 billion in 2023.
The US held the largest market share in 2023.
The prominent players in the market are Medtronic plc., Johnson & Johnson Services, Inc., 3M Company, and Dextera Surgical Inc.
The lung segment is expected to grow at the fastest CAGR during the forecast period.
