Global Surgical Stapler Market, Trends, CAGR Status, Market Growth, Analysis and Forecast (2020 - 2023)

Surgical Stapler Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Surgical Stapler market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Surgical Stapler Market report is anticipated to register a CAGR of 7.25% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Surgical Stapler Market are –

  • Ethicon Inc.Medtronic Plc.CONMED CorporationSmith & NephewPurple Surgical Inc.Intuitive Surgical Inc.Welfare Medical LtdReach surgical Inc.Meril Life Science Pvt. LtdGrena LtdB. Braun Melsungen AGDextera Surgical Inc.Frankenman InternationalBecton
  • Dickinson and CompanyIncisive Surgical Inc.

The surgical stapler market is expected to grow at a CAGR of 7.25% over the forecast period. The surgical staplers are specialized medical staplers which can be used as an alternative to statures for the purpose of wound closure. Surgical staplers can be used during minimally invasive image-guided procedures and with the rise in demand for minimally invasive surgeries the market for surgical staplers is expanding.

Increasing Preference for Minimally Invasive Procedures and Technological Advances are Propelling the Surgical Stapler Market
In the recent years, there has been a paradigm shift towards the minimally invasive procedures, this trend is primarily due to the advancements in the laparoscopic techniques which are continuously moving toward a scarless surgery. Minimally invasive surgeries (MIS) have been proven to decrease recovery time and minimize the risk of infections when compared to open surgeries. Furthermore, minimally invasive procedures have better cosmetic results which greatly increase the patient compliance. There has been a significant advancement in the field of surgical staplers for minimally invasive surgery recently Medtronic plc launched a surgical stapler Signia(TM) which can measure the tissue variability and can adjust stapler's speed and firing force based on it. Recent technological advances coupled with the rising preference for minimally invasive procedures are major factors which are driving the market during the forecast period. Other factors that propel the market include a rise in the number of general and cosmetic surgeries and increasing usage of surgical staplers in bariatric surgery

Increased Risk of Infections and other Adverse Events
Surgical wound closure aims to achieve rapid wound healing and satisfactory cosmetic results while minimizing the risk of infections. Surgical staplers are sometimes preferred in specialty surgeries such as minimally invasive bariatric surgery due to their ease of use and rapid application. But according to some studies, surgical wound closures done through staplers have a high risk of infection. According to a research paper published by Smith et al. in US National Library of Medicine, the risk of developing a superficial wound infection after orthopedic surgery is over three times greater after staple closure than suture closure. Furthermore, the risk of surgical site infection was found out to be four times higher in the case of stapler use during hip surgery. Recently The Medical Journal of Australia updated its guidelines for skin closure in the treatment of hip fractures, and the new guidelines state that superficial wound complication rates are higher for wounds closed with metallic staples than for wounds closed with subcuticular vicryl statures. Through the evidence comes from studies with substantial methodological limitations the higher risk of complications can cause orthopedic surgeons to reconsider their use of staples for wound closure, which in turn can hamper the market growth.

North America Dominates the Surgical Stapler Market
In 2017, North America was the largest regional market in terms of revenue due to a high number of minimally invasive procedures, the presence of insurance coverage and high adoption rate of new healthcare technologies. The Asia Pacific is expected to grow at a rapid rate over the forecast period owing to the increasing number of minimally invasive surgeries and medical tourism in the developing economies such as India.

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Scope of the Report:

The report analyses Surgical Stapler market, which includes –

  • Analysis of the growth of Surgical Stapler market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Surgical Stapler market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Surgical Stapler market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Surgical Stapler market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Surgical Stapler Market Report:

  • Varying dynamics of the Surgical Stapler industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Surgical Stapler market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Surgical Stapler market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Surgical Stapler Market Report:

  • The report analyses how stringent emission control norms will drive the global Surgical Stapler market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Surgical Stapler market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Surgical Stapler:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

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