Surgical Staplers Market Trends, Drivers, Growth Opportunities, Challenges, Investment Opportunities, And Recommendations

The market is growing due to the rising preference for surgical staplers over traditional sutures, increasing number of surgical procedures, surging demand for minimally invasive surgical procedures, emergence of technologically advanced surgical staplers, increasing number of bariatric and other weight loss surgeries, and rising prevalence of chronic diseases. Medical devices that are utilized for closing incisions during different surgical procedures are referred to as surgical staplers.

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In terms of product, the surgical staplers market is bifurcated into powered surgical stapler and manual surgical stapler. Between these, the manual surgical stapler dominated the market during the historical period (2013-2016) and is further projected to account for the major share of the market during the forecast period. The powered surgical stapler type is expected to grow at the fastest pace during the forecast period. This is attributed to the rising adoption of these staplers in surgical procedures as they provide benefits such as less bleeding complication resulting in reduced overall hospital costs.

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The rising number of surgical procedures, due to the increasing prevalence of health problems and diseases, is a key driving factor of the surgical staplers market. Furthermore, the prevalence of surgeries is also growing due to the lack of access to preventive care and alteration in lifestyle. According to a publication of the World Health Organization, dated 2016, approximately 266.2-359.5 million surgeries were performed around the world in 2012. These staplers find applications in gastric surgery, vertical banded gastroplasty, colorectal resections, and esophageal surgery.

Another major driving factor of the surgical staplers market is the rising preference for surgical staplers over conventional sutures. As opposed to traditional sutures, surgical staplers allow rapid and efficient wound closure with minimal inflammation and ease in staple extraction procedure. Moreover, surgical staplers have gone through several advancements and are available in different variants such as absorbable, disposable systems which add to their low level of tissue reactivity, thereby generating higher resistance in case of immune response.

Hence, the market is growing due to the rising demand for minimally invasive surgeries, increasing preference for surgical staplers over traditional sutures, surging number of surgical procedures.

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