Market Overview:
Surgical Stapling Device Market Size Was Valued at USD 5.34 Billion in 2023 and is Projected to Reach USD 11.91 Billion by 2032, Growing at a CAGR of 9.33% From 2024-2032.
A Surgical Stapling device is also known as a Surgical stapler. It is a medical device that is commonly used during surgery or other medical procedures. A Surgical Stapling device is used both internally and externally, to close wounds, and connect or remove parts of the bowels or lungs. There are multiple staple designs for different surgeries, in that most types are characterized as linear staplers or circular staplers. Surgical stapling devices are important in many surgeries, mostly for difficult surgeries like gynecologic, and gastrointestinal surgery. Increasing preference for minimally invasive surgery, technological advancements, and the preference for surgical staplers over sutures are major driving factors in the Surgical Stapling Device Market.
Top Key Players in Surgical Stapling Device Market:
Ethicon Inc. (US), B. Braun Melsungen AG (Germany), Stryker (US), Smith+ Nephew (UK), Medtronic (Ireland), CONMED Corporation (US), Intuitive Surgical (US), Cardica, Inc (US), Meril Life Sciences Pvt. Ltd (India), Purple Surgical (UK), Zimmer Biomet (US), Golden Stapler Surgical Co., Ltd. (China), Johnson & Johnson (US), CareFusion Corporation (US), Covidien plc (Ireland), and Others Major Player.
Market Dynamics and Factors for Surgical Stapling Device Market:
Drivers:
Increasing Number of Complex Surgeries Around the World
Complex surgeries are increasingly being performed using minimally invasive techniques, such as laparoscopy and robotic-assisted surgeries. Surgical stapling devices enable surgeons to perform these procedures with greater precision, speed, and reduced tissue trauma. The prevalence of chronic diseases like obesity, diabetes, and cardiovascular disorders is increasing worldwide. These conditions may require complex surgeries, where surgical stapling devices play a crucial role in ensuring safe and effective wound closure. As the global population ages, the incidence of age-related health conditions that require complex surgical interventions rises. Elderly patients often need surgeries for conditions like gastrointestinal disorders, cardiovascular diseases, and cancer, driving the demand for surgical stapling devices.
Opportunities:
Increase in Acceptance of Cosmetic Surgeries
The acceptance of cosmetic surgeries has expanded beyond traditional procedures like facelifts and breast augmentation to include body contouring, liposuction, and various other aesthetic surgeries. These procedures often require the use of surgical stapling devices for tissue closure, providing a broader market for these devices. The popularity of minimally invasive cosmetic procedures is on the rise. Procedures such as minimally invasive facelifts and endoscopic brow lifts use surgical stapling devices to close incisions, leading to less scarring and faster recovery times. The demand for stapling devices for minimally invasive cosmetic surgeries is increasing.
Segmentation Analysis of the Surgical Stapling Device Market:
By Product, the manual surgical staplers segment is Anticipated to Dominate the Market Over the Forecast period. Manual surgical staplers have been used in surgical procedures for decades and have a long history of successful outcomes. Surgeons are accustomed to using these devices, and their familiarity and experience with manual staplers have contributed to their continued preference.
By End-Use, the hospital segment is Anticipated to Dominate the Market Over the Forecast period. Hospitals are the primary institutions where a large number of surgeries are performed. They handle a wide range of surgical procedures across various specialties, leading to a substantial demand for surgical stapling devices.
Regional Analysis of the Surgical Stapling Device Market:
North America is dominating the global market of Surgical Stapling devices. Advanced technology and a rise in the number of surgical procedures are major driving factors in the Surgical Stapling devices market in this region. In North America increase in various diseases like cancer, obesity, and cardiovascular problems increases the market share. For instance, according to the National Library of Medicine, approximately 34% of adults and 15–20% of children and teenagers in the U.S. are obese. Obesity affects every segment of the U.S. population. So, an increase in bariatric surgery procedures drives market growth.
Key Industry Development:
In March 2022, Ethicon announced the global launch of 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.
In June 2021, Intuitive India, the India arm of Intuitive, a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery (RAS), launched India’s first robotic-assisted surgical stapler called SureForm that comes equipped with SmartFire technology-an integrated software. With 1,000+ measurements per second, SmartFire makes automatic adjustments to the firing process as staplers are formed.
