Surgical Staplers Market to Grow beyond US$ 4.5 Billion by 2025

Published On : Feb 20, 2018

The Global Surgical Staplers Market, by Product (Manual, Powered), by Usage (Disposable, Reusable), by Application (Cardiothoracic Surgery, Pelvic & Abdominal Surgery, Orthopedic Surgery and Other Surgeries), by End User (Hospital, Ambulatory Surgical Centers) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 2.8 billion in 2017 and is projected to exhibit a CAGR of 7.1% over the forecast period (2017 – 2025), as highlighted in a new report published by Coherent Market Insights. The surgical staplers market is expected to gain significant traction with rising innovations by the manufacturers and growing preference for minimally invasive surgery by doctors and patients.

Increasing product innovations is expected to drive the global market growth

Industry players are engaged in product innovation to increase their market share. For instance, the MicroCutter 5/80 launched by Dextera Surgical Inc. in 2016, is the world’s first and only 5mm surgical stapler that articulates to 80 degrees in each direction. It can reduce the amount of dissection required to position the stapler in confined spaces, allowing access to difficult-to-reach anatomies. In 2017, Ethicon (Johnson & Johnson), a leading global provider of medical devices, received 510(k) clearance from the U.S. FDA for Echelon Circular Powered Stapler for use in circular anastomosis. The circular anastomosis is a critical step in cancer surgery and has high complication risk including bleeding. The Echelon Circular Powered Stapler was designed to minimize anastomotic complications in thoracic, gastric, and colorectal cancer surgeries. Ongoing introduction of new devices and continuing technical improvements in existing devices are expected to drive growth of the global surgical staplers market in near future.

Browse 40 Market Data Tables and 36 Figures spread through 165 Pages and in-depth TOC on “Surgical Staplers Market”- Global Forecast to 2025 by Product (Manual, Powered), by Usage (Disposable, Reusable), by Application (Cardiothoracic Surgery, Pelvic & Abdominal Surgery, Orthopedic Surgery and Other Surgeries), by End User (Hospital, Ambulatory Surgical Centers) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa)

To know the latest trends and insights prevalent in the global surgical staplers market, click the link below:

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

The key players are focusing on strategic collaborations and acquisitions for the development and expansion of product portfolio to accelerate business growth. For instance, in 2016 Intuitive Surgical signed a development contract with Dextera Surgical to develop a cartridge and surgical stapler for its da Vinci robotic surgical system. With this agreement, Intuitive Surgical takes control of robotic-compatible stapler system development, and Dextera Surgical develops the stapler cartridge for the system. Companies are also focusing on development and expansion of the minimally invasive surgery technologies. In 2017, Medtronic launched Signia Stapling System. The addition of the Signia system to the company's product portfolio, provides healthcare professionals with immediate feedback and automated responses to the real-time information.

Key Takeaways of the Surgical Staplers Market:

  • The global surgical staplers market is anticipated to exhibit a CAGR of 7.1% over the forecast period, owing to the increasing number of surgeries.
  • Among product types, manual staples segment holds a dominant position in the surgical staplers market, owing to low cost of the product.
  • Among usage types, disposable staplers segment holds a dominant position in the surgical staplers market, due to the increasing preference by surgeons and patients who are sensitive to nickel or metal allergies.
  • Among applications, pelvic & abdominal surgery segment holds a dominant position in the surgical staplers market, owing to the increasing number of bariatric surgeries performed with rising obesity prevalence worldwide
  • Among end users, hospitals segment holds a leading position in the surgical staplers market, owing to the increasing patient volume undergoing complex surgeries and easy availability of multiple specialty treatments at one place.
  • Key players operating in the global surgical staplers market include B. BRAUN MELSUNGEN AG, CONMED Corporation, Dextera Surgical Inc., Frankenman International Ltd., Grena Ltd., Intuitive Surgical Inc., Johnson & Johnson, Medtronic Plc, Purple Surgical and Surkon Medical.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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