GMI Research has recently published a new study titled “Global Surgical Stapler Market Report Overview by Type (Disposable and Reusable), By Product Type (Powered, Manual), By Application (General Surgery, Gynecology, Colorectal, Urology and Others), By End User (Hospitals, Ambulatory Surgical Centres and Clinics) and by Geography – Opportunities & Forecast, 2018-2025”, which orates the future prospects set to strike the Global Surgical Stapler Market during the forecast period.
The global surgical stapler market was valued at USD 3,046.3 million in 2017, and is projected to reach USD 5,636.6 million by the end of 2025, growing at a CAGR of 8.2% during 2018-2025.
Figure 1: Global Surgical Stapler Market Revenue, 2018–2025 (USD Million)
Source: GMI Research
The key factors bolstering the market growth are increasing adoption of minimally invasive procedures and paradigm shift towards surgical stapler over traditional sutures. Moreover, growing use of surgical stapler in general surgery and gynaecology procedures coupled with favourable reimbursement policy for surgical procedures will further drive the market.
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Based on Type, Disposable segment are anticipated to grow at fastest CAGR during 2018-2025
Disposable segment is expected to dominate the market during the forecast period due to increasing number of surgeries especially anastomosis procedures, rising awareness and product launches. For instance, in July 2017, Ethicon launched Echeleon Flex GST System across Europe. Furthermore, higher adoption rate across emerging countries such as China and India are expected to drive the market.
The Manual segment held the largest share in the 2017 in the market and is predicted to grow at a significant growth rate during the forecast period due to growing use of surgical stapler in general surgery and gynaecology procedures.
Players, such as Dextera Surgical Inc., Frankenman International Ltd. are focusing on product innovation and launch activities to expand their product portfolio and geographical reach. For instance, Dextera signed marketing agreement with B.Braun Surgical to sell its MicroCutter 5/80 surgical stapler in Spain and expand its geographical reach.
Figure 2: Global Surgical Stapler Market Revenue, by Region, 2017
Source: GMI Research
Based on geography, North America held the largest share in the market in 2017 due to well-developed healthcare systems, presence of large patient pool and increase in total volume of surgical procedure, growing preference towards surgical staplers over traditional suture. However Asia-Pacific region is projected to grow at the fastest rate during the forecast period.
Global surgical stapler market share is divided by the various notable players operating in the market including Becton, Dickinson and Company; Ethicon Inc. (A Johnson & Johnson subsidiary), B. Braun Melsungen AG, Smith & Nephew, CONMED Corporation, Dextera Surgical Inc., Meril Life Sciences Pvt. Ltd., Frankenman International Limited, XNY Medical, Grena Ltd. among others.
The global surgical stapler market has been segmented based on type, product type, application , end user and key geographies. Based on the type, global surgical stapler market has been segmented into disposable and reusable. Based on product type, the market has been segmented into powered and manual. Based on application, the market has been segmented into general surgery, synecology, colorectal, urology and others. Based on end user, the market has been segmented into hospitals, ambulatory surgical centres and clinics.
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The research report “Global Surgical Stapler Market” provides in-depth analysis of surgical stapler market, globally, based on type, product type, application, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers fuelling the global surgical stapler market growth as well as challenges faced by the market participants. The research report provides global surgical stapler market size and global surgical stapler market forecast for surgical stapler market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
1- At what pace is body contouring market growing? What will be the global surgical stapler market forecast?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in surgical stapler and global surgical stapler market size?
4- Global surgical stapler market outlook, application areas and how they are poised to grow?
5- Global surgical stapler market overview, industry analysis and scope of study?
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