Surgical Stapling Devices Market Value | Industry Report Analysis by Share, Size, Growth, Report Demand by Type, Product, Application and End-Users | Medtronic plc, Johnson & Johnson, 3M Company, Aesculap, Inc. (B. Braun)

Surgical stapling devices can be defined as the staplers which are used in surgical procedures in order to seal or close the wound or the incised portion of the body. These are specialized instruments that can be used to seal or close the both internal as well as external wounds.

Surgical Stapling Devices are used defined as the staplers which are used in surgical procedures in order to seal or close the wound or the incised portion of the body. Surgical staplers for internal use are regulated as Class I medical devices, which do not require a premarket submission to the U.S. Food and Drug Administration. Increasing preference for surgical stapling devices, new product launch, increasing number of surgical procedures along with technological advancement is expected to assist the market growth during the forecasted period.

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Statistics:

The global surgical stapling devices market is estimated to account for US$ 4,364.6 Mn in terms of value by the end of 2027.

Global Surgical Stapling Devices Market: Drivers

Increasing prevalence of obesity is expected to propel growth of the global surgical stapling devices market over the forecast period. For instance, according to the Centers of Disease Control and Prevention, Behavioral Risk Factor Surveillance System, 2018, 71424.3 thousand people in the U.S. suffer from obesity.

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.

Statistics:

North America held dominant position in the global surgical stapling devices market in 2019, accounting for 28.6% share in terms of value, followed by Europe and Asia Pacific, respectively.

Market Trends/Key Takeaways

Misuse of surgical staplers is on the rise. For instance, according to 13th edition of ECRI Institute’s Top 10 Health Technology Hazards, published in October 2019, surgical stapler misuse is the top health technology hazard, beating out the likes of point-of-care ultrasounds and sterile processing errors.

Increasing concerns regarding injuries from surgical staplers has prompted several regulatory bodies to propose regulatory changes. For instance, in June 2019, The U.S. Food and Drug Administration’s General and Plastic Surgery Devices Panel recommended that surgical staplers for internal use be reclassified to a more highly regulated status.

Global Surgical Stapling Devices Market: Competitive Landscape

Major players operating in the global surgical stapling devices market include, Medtronic plc, Johnson & Johnson, 3M Company, Aesculap, Inc. (B. Braun), SeCQure Surgical Corporation, Purple Surgical Holdings Limited, Meril Life Sciences Pvt. Ltd., and Grena Ltd.

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Global Surgical Stapling Devices Market: Key Developments

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in June 2020, Aesculap, Inc. launched SQ.line surgical instruments portfolio for spine and orthopedic procedures.

Similarly, in March 2018, Purple Surgical Holdings Limited launched laparoscopic and surgical stapling product portfolios at The General Surgery Congress held in Peru.

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