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Report Code: LS11101
Category : Medical Devices
Surgical staplers are specialized medical devices and has primary application in closing of skin wounds during surgical procedures. These staplers have an advantage over the traditional sutures, since traditional sutures have the risk of leakage, are more prone to separation and is tedious procedure. These issues further contribute to the risk involved in the healing process, however, surgical staplers are more consistent, accurate and have shown greater procedural efficiency with less time consumed in the healing process Application of surgical staplers have gained popularity in bowel and lung surgery and are also widely used by gynecologists, orthopedics, cardiologists to manage tissues and wound healing. The global surgical staplers market is expected to witness considerable growth during the forecast period (2017 – 2023), owing to a rise in the number of surgical procedures.
The global surgical staplers market is categorized on the basis of the product, type, end user and application. Based on product, the global market is segmented into manual surgical staplers and powered surgical staplers. Among the two, powered surgical staplers are expected to witness the faster growth during the forecast period. On the basis of type, the market is segmented into disposable and reusable surgical staplers. The disposable surgical staplers held the largest share of the global surgical staplers market in 2016, compared to reusable surgical staplers. The major factor leading to the larger share of disposable staplers are lower risk of contamination and cross infections. Medical graded plastic material for disposable staplers is opted by patients, who are allergic to metals. Although, reusable staplers produce less surgical waste, thereby leading to lesser impact on the environment, but still hold lower share, due to the high cost and increased time required for the sterilization process.
Globally, the demand for surgical staplers is expected to be the largest in hospitals due to the increase in the number of surgical procedures, convenience of multi-specialty treatments. Other key end user in the global surgical staplers market includes ambulatory surgical centers (ASCS) and clinics.
Based on application, the market is segmented into abdominal & pelvic surgery, general surgery, cardiac and thoracic surgery, orthopedic surgery and other surgical applications. Globally, abdominal & pelvic surgeries held the largest application of surgical staplers market. The major factor driving the growth of abdominal & pelvic surgeries are increasing cases of bariatric surgeries and other weight related disorders; and the increase in health awareness among the population.
The major factor driving the global surgical staplers market during the forecast period is the increase in the number of surgical procedures, globally. The growing geriatric population, technological advancements, rise in the cases of cardiovascular disorders, neurodegenerative disorders, thoracic and pulmonary diseases requiring surgical procedures are other factors, that are expected to drive the growth of the global surgical staplers market. The change in lifestyle has led to increase in obesity worldwide and sometimes require medical interventions involving surgery, such as bariatric surgeries and other weight loss surgeries; thus, driving the growth of the global market. Moreover, the demand for less invasive surgical procedures and the benefits of surgical staplers over traditional sutures are also expected to support the growth of the global market during the forecast period.
The technologically advanced surgical staplers are comparatively expensive than the other conventional wound closure procedures, this is a major restrain for the growth of the global market and can be controlled by opting for cost effective stapler materials. Another key factor restraining the growth of the global market is the easily accessible alternative wound closure techniques such as surgical glues (cyanoacrylate glue), surgical sealants, fibrin sealants; that renders less inflammation and scares.
Opportunities and Trends
Growing popularity of medical tourism and cosmetic surgeries presents new opportunities for the manufacturers in the global market, especially in the developing countries such as China, Japan, India. Further, the development of infrastructure in the health care sector in emerging economies and ease of accessibility to technologically advanced products is also likely to create ample growth opportunities for the players operating in the global surgical staplers market.
North America held the largest share in the global surgical staplers market in 2016, followed by Europe. The leading position of the region is mainly attributable to factors including high prevalence of diseases such as cardiovascular disorders and neurological disorders requiring surgical intervention; growing geriatric population; and the adverse lifestyle that leads to obesity and other related health disorders. However, Asia-Pacific is expected to witness the fastest growth during the forecast period due to the changing lifestyle that has led to increase in prevalence of associated disorders, increasing awareness with respect to healthcare among the population and rising healthcare expenditure.
The key players in the global surgical staplers market are constantly involved in the process of developing advanced products in collaboration with other companies to strengthen their position in the market. For instance, in August 2016, Dextera Surgical Inc. in collaboration with Intuitive Surgical, Inc., announced its involvement in the R&D to develop new robotic stapler products. Dextera Surgical Inc. also introduced their new advanced micro cutter technology that will ease the pain of cancer patients going through thoracic surgery, due to its minimal invasiveness.
Earlier, in January 2016, Cardica, Inc. (now known as Dextera Surgical Inc.) received an approval from Food and Drug Administration with respect to the use of its MicroCutter XCHANGE 30 stapling device in urological endoscopic surgeries.
Some of the other key players in the global surgical staplers market include Medtronic plc, Ethicon Endo-Surgery, Inc., Zimmer Biomet Holdings, Inc., Stryker Corporation, Smith & Nephew plc, Conmed Corporation, Meril Life Science Pvt. Ltd., B. Braun Melsungen AG, and Becton, Dickinson and Company.
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