Key Market Overview:
Surgical Stapling Devices Market was valued at USD 4,969.75 Million in 2022, registering a CAGR of 6.8% during the forecast period (2023-2030), and the market is projected to be worth USD 8,372.59 Million by 2030.
Surgical stapling devices are medical tools that are utilized for wound stitches after surgery or an operation. These are highly preferred over sutures as they are more consistent and less likely to leak blood. The staples are made up of titanium or plastic and are mostly preferred in lung and bowel surgeries.
Rising surgeries and an increasing number of people suffering from chronic disease globally are driving factors for the surgical stapling device market. For instance, according to the recent statistics published by the Organisation for Economic Co-operation and Development (OECD), in 2020, the operational procedures conducted in Chile was 30,564 surgeries, and in 2021, it was 38,343 surgeries, a year-on-year increase of 25.4%. Thus, the rising number of surgical procedures has increased the deployment of surgical staplers as it provides advantages such as fast recovery, minimal pain, and accurate closure. This, in turn, is driving the growth of the market.
Surgical Stapling Devices Market Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Million)||8,372.59 Million|
|By Product Type||Linear Staplers, Circular Staplers, and Others|
|By Type||Disposable, Reusable|
|By Surgery Type||Open Surgery, Laparoscopic Surgery, and Others|
|By End User||Hospitals, Specialty Clinics, Others|
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
- North America [United States, Canada, Mexico]
- Middle East & Africa [GCC, North Africa, South Africa]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
|Key Players||Conmed Corporation, Medtronic, 3M, Smith & Nephew, Intuitive Surgical, Stryker, BioPro Inc, Purple Surgical, Zimmer Holdings Inc., Ethicon US, LLC.|
The key technological trends such as a reduction in the diameter of surgical stapling devices, ease in laparoscopic surgeries, advancements in powered surgical stapling devices, and others are prompting the major market players to develop a new range of products. For instance, recently, Intuitive has launched a robotic-assisted surgical stapler that has smart fire technology incorporated. The stapler is equipped with SmartFire technology, where the Smart Fire makes automatic adjustments to the firing process, showcasing technological growth in the market. Thus, the introduction of technologically advanced surgical stapling devices is favoring market growth at the global level.
The high price of the devices and accessibility of alternate wound product methods serves as a major market bottleneck. The high cost of the device serves as a major restraint for market growth as the conventional counterparts are available at cost-effective pricing. For instance, the availability of surgical sealants, fibrin sealants being considered as a prominent choice for reducing scarring serves as a major barrier to the growth of the market. Hence, the high price of surgical stapling devices and the availability of various substitute products are posing a bottleneck for market growth.
The market for surgical staplers is expected to increase further in the long run due to the rise in popularity of aesthetic procedures and improved health procedures and outcomes in emerging nations. The growth in cosmetic procedures is fueling the demand for surgical stapler devices to minimize pain and inflammation. For instance, a recent report published by the National Library of Medicine in 2022 showcases how skin staplers reduce wound closure time and yield good cosmetic results with no complications, portraying a major opportunity for the surgical stapling devices market. Henceforth, the rise in acceptance of cosmetic procedures in emerging countries is expected to drive the market further in the long run.
Surgical Stapling Devices Market Segmentation:
By Product Type:
By product type, the market is segmented into linear staplers, circular staplers, and others. The circular staplers segment accounted for the dominant share of the surgical stapling device market in 2022. The circular surgical stapling devices facilitate wound healing by everting the wound edges. The key benefits of circular surgical stapling devices include minimizing surgical time, tissue trauma, and intraoperative contamination. In December 2020, Medtronic launched Tri-Staple EEA, a circular surgical stapler in the Indian market. Hence, the introduction of a new range of circular surgical stapling devices is amplifying the segment growth.
However, the linear staplers segment is projected to grow at the fastest CAGR during the forecast period. This is due to the rising product innovations associated with linear staplers, which are favoring segment growth.
By type, the market is segmented into disposable and reusable. The disposable surgical segment dominated this segment in 2022 due to large concerns about infectious diseases. The prime benefit associated with the deployment of surgical stapling devices includes a reduction in the risk of infection during any surgical procedures. Thus, the lower risk factors related to disposable surgical stapling devices are fueling the demand for equipment, which, in turn, is supplementing the market growth.
However, the reusable segment is forecasted to grow at a steady growth rate due to a lower acceptance rate in established markets. For instance, according to US Food and Drug Association, they have stated some specific regulatory measures to ensure that protocols for the sterilization of medical devices should be strictly followed to avoid infections.
By Surgery Type:
By surgery type, the market is segmented into open surgery, laparoscopic surgery and others. Open surgery is the dominating segment in 2022. Surgical stapler devices are utilized in open surgeries to efficiently remove part of an organ and seal organs & tissues. The increasing prevalence of chronic kidney diseases, the rise in surgical procedures for heart-related diseases, and others are several prominent factors accelerating the growth of open surgery. Hence, the growth in open surgeries is accelerating the demand for surgical stapler devices, which, in turn, is boosting market growth.
However, laparoscopic surgery is expected to grow at a faster rate than open surgery due to reasons such as the increasing use of laparoscopic procedures, and the launch of laparoscopic stapling devices, among others. In 2021, Ethicon launches a new powered surgical stapler, ECHELON+ Stapler, with GST Reloads for increasing further the staple line security and reducing complications in the process.
By End User:
By end user, the market is segmented into specialty clinics, hospitals, and others. Hospitals hold the highest share and are dominant in the end-user segment in 2022. Surgical stapler devices have various beneficial functions such as quick placement, minimal tissue reaction, low risk of infection, strong wound closure, and others. The above functions ensure efficient closure of skin wounds. As a result, surgical stapler devices are an ideal solution for hospitals. The factors such as large implementation and use of surgical devices in the healthcare sector are accelerating the adoption of surgical stapler devices in hospitals. For instance, in October 2021, Indraprastha Apollo Hospitals, based in India adopted a robot-assisted surgical stapler technique. Thus, the adoption of highly advanced robot-assisted surgical stapler devices in hospitals ensures bariatric surgical procedures are less complex. This prominent factor is driving the market growth.
However, the specialty clinics segment is projected to grow at the fastest CAGR during the forecast period. This is due to the development of new specialty clinics at the global level.
By region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2022, North America accounted for the highest market share in the surgical stapling devices market. This is due to the use of advanced technologies incorporated in the region and the high obesity rate in the North America region. The increase in acceptance of surgical robots and the large presence of top players is driving the market growth in North America. For instance, the North American region has a strong presence of global players such as 3M, BioPro Inc, and many more. Thus, the above factors are favoring market growth.
Moreover, Asia Pacific is anticipated to be the fastest-growing region over the forecast period, owing to the development of a new product range, the presence of major players in the market.
Surgical Stapling Devices Market Competitive Landscape:
The surgical stapling devices market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
• Conmed Corporation
• Smith & Nephew
• Intuitive Surgical
• BioPro Inc
• Purple Surgical
• Zimmer Holdings Inc
• In June 2022, Ethicon launched the new generation Echelon 3000 Stapler which has been designed for superior access and control for surgeons. The device provides real time haptic and audible device feedback which enables surgeons to perform critical adjustments during surgery.