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Surgical Stapling Devices Global Market Rising Trends, Industry Size, Share Report, Growing Demand and Business Opportunities And Forecast 2024-2033
Surgical Stapling Devices Market
As per the report, the surgical stapling devices market size has grown rapidly in recent years. It will grow from $3.87 billion in 2023 to $4.27 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Surgical Stapling Devices Market Report Structure
3. Surgical Stapling Devices Market Trends And Strategies
4. Surgical Stapling Devices Market - Macro Economic Scenario
5. Surgical Stapling Devices Market Size And Growth
…..
27. Surgical Stapling Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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