Surgical Stapling Devices Market Latest Development Report 2021-2028 | Medtronic plc, 3M Company, Aesculap, SeCQure Surgical Corporation

Overview
Externally and internally, surgical staplers and staples are utilized. Detachable skin staples are medical equipment that are used on the outside of the body to seal wounds that are under a lot of strain, such as injuries on the head or the trunk. Inner surgical staplers are classified as Class I medical equipment, which do not need premarket approval from the U.S. Food and Drug Administration.

Statistics
By the end of 2027, the global surgical stapling devices market is expected to be worth US$ 4,363.6 million.

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Key Players in This Report 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.

Drivers

During the forecast period, the global surgical stapling devices market is projected to increase due to rising demand for surgical stapling equipment. Suturing becomes challenging when a surgeon is working in a 3-dimensional plane while focused on a 2-dimensional plane, thus surgical stapling tools are favored over traditional suturing devices during laparoscopic procedures. As a result, surgeons can achieve the needed accuracy and precision while using surgical stapling instruments.

Opportunities

Participants in the global surgical stapling devices market are anticipated to benefit from the advent of stapling devices with absorbable staplers. Absorbable staplers are made up of a co-polyglycolic acid (PGA) and polymer of polylactic acid (PLA) and that takes 4-6 weeks to absorb.

Restraints

The market is anticipated to be hampered by mechanical failure while stapling. Stapling devices have been known to fail to discharge the stapler pin into the tissue to be stapled on many occasions. This might be caused by a fault in the stapling equipment causing the stapling pin to fire incorrectly.

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The research study has taken the help of graphical presentation techniques such as infographics, charts, tables, and pictures. It provides guidelines for both established players and new entrants in the Global Surgical Stapling Devices Market.

The detailed elaboration of the Global Surgical Stapling Devices Market has been provided by applying industry analysis techniques such as SWOT and Porter’s five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.

Attractions of the Surgical Stapling Devices Market Report:

• The report provides granular level information about the market size, regional market share, historic market (2016-2020) and forecast (2021-2028)

• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies

• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market

• The report tracks recent innovations, key developments and start-up’s details that are actively working in the market

• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

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Key Takeaways

The global surgical stapling devices market was worth US$ 2,399.0 million in 2019 and is expected to reach US$ 4,363.6 million by 2027, with a CAGR of 7.8 percent from 2020 to 2027. During the forecast period, the global surgical stapling devices market is projected to increase due to rising demand for surgical stapling equipment.

In 2019, the Powered Surgical Stapling Device segment dominated the global surgical stapling devices market, contributing for 61.2 percent of market value; rising product releases are projected to aid sector expansion over the forecast period.
The Disposable Surgical Stapling Devices segment, which accounted for 66.9 percent of the global surgical stapling devices market in 2019, grew at a rapid pace, owing to rising demand for disposable stabling devices in emerging nations.

Market Trends

There have been a number of product recalls in the market. Ethicon, a Johnson & Johnson company, announced a Class I recall of its Echelon Flex Endopath staplers in October 2019 after the device failed to produce staples fully.
Numerous mergers and acquisitions are taking place in the market. The biosurgery business of Atrium Medical, a subsidiary of Getinge, was bought by HJ Capital 1, the holding company of SeCQure Surgical Corporation, in October 2019.

Key Developments

Medtronic initiated a limited recall of their Endo GIA surgical staplers in June 2019 due to the possibility of missing components.

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