Surgical Staplers Market To Be Valued at US$ 6,379.0 Mn By 2028 - Coherent Market Insights

Surgical staplers or surgical staples are medical devices that can be used in surgery or other medical procedures in place of sutures both internally and externally. They are widely used to close surgical wounds or incisions that are too big or complex to close with traditional stitches. Surgical staplers are used to close wounds in areas where the skin is tight against bone and are often used in minimally invasive surgery. Currently, staplers are preferred over sutures as these are faster, easier, consistent, and accurate to use as compared to hand sutures. Modern staplers are either reusable that are made of stainless steel or disposable that are made of plastic. There are a number of benefits to using medical staples.

Market Statistics:

The global surgical staplers market is estimated to account for US$ 4,286.6 Mn in terms of value by the end of 2022.

Drivers:

Increasing frequency of surgeries and surging demand is expected to propel the growth of the global surgical staplers market during the forecast period. For instance, with the increase in the number of surgical procedures, the demand for surgical staplers is also increasing with a rapid pace. In August 2021, Panther Healthcare announced the launch of the Smart Powered Stapler platform that offers intelligent and automatic control over tissue compression, transection and resection for gastrointestinal, oncology, colorectal, thoracic, gynaecologic, and other open and laparoscopic surgical procedures.

Opportunities:

Applications in the treatment of chronic diseases and age-related conditions are expected to provide significant growth opportunities for players in the global surgical staplers market. The prevalence of chronic diseases as well as the geriatric population is increasing rapidly around the world. For people aged 65 years and older, the prevalence of having one or more chronic diseases is higher than those aged 45 to 64 years. Around 85% of older adults have at least one chronic health condition, and around 60% have at least two chronic diseases, according to the Centers for Disease Control and Prevention (CDC). As a result, there is an increasing demand for surgical staplers across the globe.

Restraints:

Increased risk of infections and other adverse events and stringent safety regulations are major factors expected to hamper growth of the global surgical staplers market. For instance, the U.S. Food and Drug Administration (FDA) is working on measures to help reduce risk associated with surgical staplers and implantable staplers. In October 2021, the FDA announced several actions related to surgical stapler and staple regulation and safety. Furthermore, in March 2019, the FDA released a letter to healthcare providers to point out such risks and to offer updated recommendations for the devices.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/surgical-staplers-market-1318

Global Surgical Staplers Market - Impact of Coronavirus (Covid-19) Pandemic

The outbreak of COVID-19 (global pandemic) has had a severe impact on the surgical staplers market owing to the safety measures implemented by several governments across the globe to curb the spread of the virus. These measures have resulted in decreased public mobility and a sudden halt on surgical procedures, as well as were being postponed to decrease the burden on healthcare infrastructure. However, with the relaxation of lockdown restrictions, the surgical staplers market is expected to witness a positive growth over the forecast period.

Key Takeaways:

The global surgical staplers market was valued at US$ 4,014.4 Mn in 2021 and is forecast to reach a value of US$ 6,379.0 Mn by 2028 at a CAGR of 6.8% between 2022 and 2028.

Among product type, linear surgical stapler segment held dominant position in the global surgical staplers market in 2021, accounting for 28.0% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.

Market Trends:

1. Technological advancements in the field of surgical staplers is expected to drive growth of the global surgical staplers market. For instance, in January 2021, Ethicon, part of the Johnson & Johnson, launched the Echelon+ Stapler with GST Reloads, a new powered surgical stapler designed to increase staple line security and reduce complications through more uniform tissue compression and better staple formation, even in challenging situations.
2. Increasing incidence of disorders such as osteoarthritis is expected to propel the growth of the global surgical staplers market during the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC), 2021 report, around 24% of all adults, or 58.5 million people, in the United States have arthritis.

Competitive Landscape:

Major players operating in the global surgical staplers market include Grena Ltd., Smith & Nephew, Purple Surgical Inc., Meril Life Science Pvt. Ltd., Medtronic PLC, Intuitive Surgical Inc., B. Braun Melsungen AG, Frankenman International Limited, CONMED Corporation, 3M Company, and Ethicon Inc. (Johnson & Johnson), among others.

Recent Developments:

In June 2022, Ethicon, Johnson & Johnson MedTech, launched the ECHELON 3000 Stapler, a digitally enabled device that provides surgeons with simple, one-handed powered articulation to help address the unique needs of their patients.

In December 2020, Medtronic India launched the EEA Circular Stapler. This came with Tri-Staple Technology for the first time having a 3-row circular stapler with varied height staples for application in colorectal procedures in India.

In July 2018, Intuitive Surgical Inc. announced that the U.S. Food and Drug Administration (FDA) granted clearance for the company’s fully wristed, 60mm stapler.