Market Overview:
Surgical stapler market has been growing steadily ever since the technique was enhanced to be efficiently used in the surgical scenario in the 1970s. stainless steel staples are used due to their various advantages that include quick procedure, strong wound closure and minimal tissue reaction. Various surgical procedures such as gastrointestinal, thoracic, gynecologic as well as bariatric surgeries for weight loss have made good utilization of surgical staplers.
Surgical staplers market has witnessed increased interest due to the increasing demand made on surgeons. Most often surgeons are pressed for time which leads to physician burnout. Stapling can usually be performed quicker than suturing and is a preferred means of wound closure when it comes to mass casualties where trauma care must be immediate and effective. Surgical staples are preferred by first responders in cases of emergencies as wound closure to stop the bleeding is crucial in such cases. Data collected in the U.S. estimates that nearly 60,000 Americans die from blood loss and physical trauma leads to as many as 1.5 million deaths due to hemorrhage.
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Increasing demand for weight loss surgeries has also added a potential boost to the surgical staples market. Stomach stapling or bariatric surgery is one of the most common types of surgeries for controlling obesity. Gastric stapling surgery is a means of dealing with morbid obesity or to help in weight loss for people who are affected with diabetes, sleep apnea and cardiovascular problems. Diets and exercise are not found to be very effective in people with a BMI of more than 40 and bariatric surgery, which drastically reduces the size of a person’s stomach has been found to be one of the most viable and affordable options.
Some of the factors can deter surgical staples market growth include high cost of the procedure as well as lack of awareness. In some cases, staplers had been known to have become embedded in the skin, thus making removal difficult. Recently ripples were caused in the surgical stapler market by the news that Johnson’s and Johnson’s subsidiary Ethicon recalled its 60mm staplers in various European countries due to reports of injuries caused by malformed staples. However, regulatory bodies like the FDA are initiating awareness drives for the correct and safe use of surgical staples which is expected to keep such mishaps at bay in the future.
Segmentation:
The global surgical stapler market is segmented into types, product, application, and end-users. Based on types the surgical stapler market is segmented into disposable surgical staplers and reusable surgical staplers. On the basis of product, the market is segmented into manual surgical staplers and powered surgical staplers. Based on application, the surgical stapler market is segmented into abdominal and pelvic surgery, general surgery, cardiac and thoracic surgery, orthopedic surgery, and other surgical applications. Based on end-user the market is segmented into hospitals, ambulatory surgical centers (ASCs), and clinics.
Regional Analysis:
North America will dominate the surgical stapler market during the forecast period. Technological advancements, growing geriatric population, and rising number of surgical procedures are likely to drive the surgical stapler market during the forecast period. North America and Europe are expected to hold a major share of around 70% of the surgical stapler market during the forecast period. The European market is expected to be the second-largest surgical stapler market. The market growth in this region can be attributed to the increasing awareness and adoption of advanced surgical technology. Asia-Pacific is expected to be the fastest-growing surgical stapler market during the forecast period owing to the increasing prevalence of cardiac diseases, rising investments in healthcare, increasing geriatric population, and expansions by market players in the region. Asia-Pacific is giving strong competition to the global surgical stapler market by producing cost-effective treatments that are high in demand in local as well as global markets. The market in the Middle East and Africa is expected to account for the smallest share in the global surgical stapler market due to the underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
Competitive Scenario:
Some of the participants in the surgical stapler market include Purple Surgical Inc., Smith and Nephew Plc, Ethicon US, LLC, Medtronic, CONMED Corporation, Reach Surgical, Frankenman International Limited, Stryker, B. Braun Melsungen AG, Grena Ltd, Touchstone International Medical Science Co. Ltd, Cardica Inc. and Zimmer Biomet.
Industry News:
Recently, Ethicon, the subsidiary of Johnson & Johnson Medical Devices Companies, launches a powered circular stapler that is apparently the first of its kind in the surgical stapler industry. It is designed to address serious complications arising in wound closure in colorectal, thoracic and gastric surgeries. The Echelon Circular Powered Stapler, as it is called, claims to be 61% more effective that the EEA™ Stapler developed by Medtronic when it comes to reducing leaks in the staple line.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
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