Press release
Surgical Stapling Devices Market to Reach $6.06 Billion by 2028 at a CAGR of 9.1%, Driven by Minimally Invasive Surgery Adoption
Surgical Stapling Devices Market Report
The surgical stapling devices market size is expected to see strong growth in the next few years. It will grow to $6.06 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing surgical procedures in emerging markets, rise in bariatric surgeries, preference for outpatient procedures, focus on value-based healthcare, surge in robotic-assisted surgeries. Major trends in the forecast period include technological innovations, integration with imaging technologies, telemedicine and remote surgical assistance, customizable stapling solutions, artificial intelligence in surgical decision-making.
Market Overview -
Surgical stapling devices refer to medical devices used for internal surgical operations such as removing a portion of an organ and tissues and creating connections between sutures. It can repair serious wounds or cuts faster and are less uncomfortable for patients than stitches. They are frequently employed in minimally invasive surgery.
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Surge In Gastrointestinal Surgery Procedures Fuels Growth In The Surgical Stapling Devices Market
The rise in gastrointestinal surgery procedures is expected to propel the growth of the surgical stapling devices market going forward. Gastrointestinal surgery is used for treating disorders that affect the area of the body that aids in digestion. It comprises treatments for typical and rare small intestine, esophageal, and stomach problems. Surgical stapling devices help surgeons easily handle several gastrointestinal surgery procedures by providing appropriate homeostasis/tissue apposition without significant ischemia or tissue destruction. For instance, in January 2023, according to the United Network for Organ Sharing, a US-based non-profit scientific and educational organization, liver transplants with living donors accounted for 603 cases in 2022, an annual record and a rise of over 6% above the 2021 level. Therefore, the rise in gastrointestinal surgery procedures is driving the growth of the surgical stapling device market.
Competitive Landscape -
Major companies operating in the surgical stapling devices market report are 3M Company, Medtronic PLC, Johnson & Johnson MedTech, Becton, Dickinson and Company, Stryker Corporation, B. Braun SE, Zimmer Biomet Holdings Inc., Intuitive Surgical Inc., Smith & Nephew PLC, Teleflex Incorporated, CONMED Corporation, Meril Life Sciences India Pvt. Ltd., Blue Sail Medical Co Ltd., Surgical Specialties Corporation, Ackermann Instrumente GmbH, Frankenman International Ltd., Touchstone International Medical Science Co. Ltd., Genesis Medtech Group., Jiangsu Qianjing Medical Equipment Co. Ltd., Purple Surgical Holdings Limited, Surgical Innovations Group, BioPro Inc., Changzhou Ankang Medical Instruments Co. Ltd., Dextera Surgical Inc., Cardica Inc., Grena Ltd., Welfare Medical Ltd., Lexington Medical Inc., Advin Healthcare Private Limited (AHPL), Victor Medical Instruments Co. Ltd.
Ethicon's Echelon+ Stapler Sets New Standards In The Surgical Stapling Device Market
Technological advancements are a key trend gaining popularity in the surgical stapling device market. Major companies operating in the surgical stapling devices market are adopting new technologies to sustain their position in the market. For instance, in March 2021, Ethicon, a US-based company and part of Johnson & Johnson Medical Devices, launched the ECHELON+ Stapler with GST Reloads. This novel-powered surgical stapler is meant to improve staple line security and prevent problems by providing more uniform tissue compression and improved staple creation under challenging settings. A number of innovative design elements differentiate the new device from previous staplers, including a reengineered ECHELON+ Anvil with Gripping Surface Technology (GST) Reloads, which is designed for more uniform compression to better capture and form staples, along with a new motor with Dynamic Firing. This optimizes firing speed in thick tissue to enhance compression and improve audible feedback.
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Key Segments -
The surgical stapling devices market covered in this report is segmented -
1) By Product: Powered, Manual
2) By Surgery Type: Open Surgery, Laparoscopic Surgery
3) By Application: Gynecology Surgery, Urology Surgery, General Surgery, Other Applications
4) By End-User: Hospitals, Ambulatory Surgical Centers, Other End -Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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