Surgical Staplers Market : Eminent Players – 3M, B. Braun Melsungen AG, Conmed Corporation, Ethicon Inc., Frankenman International, Grena, Integra Life Sciences, Intuitive Surgical, Medtronic PLC, Meril Life Sciences, Purple Surgical, Reach Surgical, Sm
Surgical staplers market stands as one of the major recipients of the ongoing technological interventions and increasing demand for minimally invasive approach in the healthcare fraternity. The industry in the year 2017 generated a revenue close to USD 3.7 billion, with the strategic landscape characterized by a plethora of product innovations and extensive R&D initiatives. The ratio of surgical procedures has dramatically increased worldwide, with approximately 2/3rd of hospitalized cases resulting in some sort of surgery. Geographically, this ratio is led by North America, primarily by the U.S. According to National Center for Health Sciences, more than 50 million surgical procedures are conducted in the United States annually, which overtly makes it a viable investment avenue for the surgical staplers industry growth.
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As per a report by Global Market Insights, Inc. U.S. surgical staplers market generated a revenue of USD 1439.4 million in 2017. A sophisticated healthcare infrastructure and the surging prevalence of gynecological surgery are cited as the two major factors fueling the regional growth. As per reliable estimates, out of the 4 million babies born every year in the United States, 33% of them are born through caesarean delivery approach. In fact, the ratio of caesarean surgery in child birth has seen quite an upsurge globally as well, owing to which gynaecology has emerged as one of the pivotal application arenas for surgical staplers market. In terms of its contribution to the overall surgical staplers industry, the gynaecology segment is estimated to register a CAGR of 7.7% over 2018-2024.
Bariatric surgery is yet another profound opportunistic avenue for surgical staplers market, with the segment having contributed USD 1139.4 million to the overall share in 2017. As per the statistics by WHO, approximately 13% of the world population was obese in the year 2014. In the U.S. alone, the total number of bariatric surgical procedures was close to 300,000 in 2011.
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Speaking further of the opportunities in the U.S., the region’s upper hand in terms of technological advancements is also a chief driver for the overall business growth. United States is also a hub for most of the surgical staplers industry giants including 3M, Ethicon Inc, Integra Life Sciences, Intuitive Surgical, Medtronic PLC, etc., which further fuels the regional growth. Lately, Intuitive Surgical, the renowned robotic surgery giant, announced the FDA approval for its fully wristed 60mm stapler dubbed as SureForm 60. The device is reported to be a single patient surgical stapler that allows 120 degrees wristed articulation, that is controlled by surgeons via the firm’s da Vinci console. The stapler allegedly makes more than a thousand measurements per second, helping reduce the risk of tissue damage.
For the record, Intuitive Surgical had also partnered with Dextera Surgical, in the year 2016 to develop a surgical stapler and Cartridge to be used with the da Vinci system. For the uninitiated, Dextera Surgical’s MicroCutter 5/80 stapler has been touted as the world’s smallest articulating surgical stapler, with a first of its kind use in laparoscopic surgery. Reportedly, surgical staplers are regularly used in more than a million laparoscopic, robotic-assisted or video-assisted surgeries annually in the U.S.
While the growth prospects of surgical staplers market is slated to be positive in the U.S., an anticipated trend remains the growing demand for these procedures in emerging economies. APAC, in this regard, led by India and China, is expected to record lucrative gains in the coming years. The rising geriatric population, increasing incidences of chronic diseases and a large patient pool, economic development, and swift technological advancements in healthcare are cited as the major driving forces pushing the growth in this geography. As per a study conducted by Global Market Insights, Inc. India and China markets are expected to register a y-o-y growth of 9.8% and 10.6% respectively, over the coming six years. Globally, the surgical staplers industry is forecast to register an appreciable growth rate of 7.2% over 2018-2024.
Chapter 1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data sources
Chapter 2. Executive Summary
2.1. Surgical Staplers industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Technology trends
2.1.4. Usability trends
2.1.5. Surgery trends
2.1.6. Regional trends
Chapter 3. Surgical Staplers Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1. Growth drivers
126.96.36.199. Increase in number of surgical procedures in North America
188.8.131.52. Rising adoption of Staplers over sutures in developing regions of LATAM
184.108.40.206. Technological advancements in surgical Staplers
3.3.2. Industry pitfalls & challenges
220.127.116.11. Adverse Events and Product Problems Associated with Surgical Staplers
18.104.22.168. Prevalence of traditional wound closure practices in developing regions of APAC
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By technology
3.4.3. By usability
3.4.4. By surgery
3.5. Regulatory landscape
3.6. Porter’s analysis
3.7. Competitive landscape, 2017
3.7.1. Business overview
3.7.2. Revenue analysis
3.7.3. Product landscape
3.7.4. Strategy dashboard
3.8. PESTEL analysis
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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