Surgical Staplers Market by Type, Application, and Demand Global Forecast to 2018-2023 by to Key Company Ethicon, Inc., Dextera Surgical Inc., Frankenman International Ltd., Intuitive Surgical, Inc., Ethicon Inc

The surgical staplers market size is projected to cross $5.0 billion by 2023, growing at a CAGR of 7.7% during 2018-2023. The growth in the market is led by increasing surgical procedures, introduction of technologically advanced surgical staplers, growing number of bariatric and other weight loss surgeries, and increasing preference for surgical staplers over traditional sutures.

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In terms of type, there are two types of staplers used while performing surgeries, namely disposable surgical stapler and reusable surgical stapler. Disposable surgical stapler is the most preferred type of stapler as compared to the reusable stapler as regulatory bodies encourage the use of disposable staplers to prevent infections and complication associated with surgical procedures. The contribution of disposable surgical stapler in the global surgical staplers market is likely to increase from 65.4% in 2016 to 69.0% by 2023.

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Major players in the global surgical staplers market are focusing more on developing technically advanced products that are designed for ease of handling and have application with alignment indicators that improve visibility during wound closure. The vendors are also developing products which are less invasive and facilitate easy extraction of staplers. Some of the recent advanced products launched by the major players in the market are MicroCutter 5/80 and INSORB absorbable subcuticular stapling device.

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Europe was the second largest market for surgical staplers, accounting for 29.7% of the global market in 2016. The growth in the European surgical staplers market is mainly attributable to the increasing aging population and rising number of chronic diseases which increase the number of surgeries to be performed. Among the European nations, France is expected to be the fastest growing market for surgical staplers in Europe, with the CAGR likely to increase from 7.9% during historical period to 8.7% during the forecast period. The high growth is mainly due to the increasing number of surgical procedures in the country.

Some of the key players operating in the surgical staplers market include Ethicon, Inc., Dextera Surgical Inc., Frankenman International Ltd., Intuitive Surgical, Inc., Ethicon Inc., Smith & Nephew Plc, Becton, Dickinson and Company, B. Braun Melsungen AG, Zimmer Biomet Holdings, Inc., Meril Life Science Pvt. Ltd., and Conmed Corporation.

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