Surgical Staplers Market Analysis, Trends & Forecast (2017-2024)

Surgical Staplers Market size is projected to experience significant growth from 2017 to 2024.

Growing number of surgical procedures owing to increasing prevalence of chronic diseases will drive surgical staplers market over the forecast period. Increasing demand for minimally invasive procedures owing to the associated decreased recovery and hospitalization period will fuel growth. Staplers permit surgeons to endoscopically secure internal wounds without the need of an open operative procedure. Sutures which were traditionally used for wound closure were prone to leaks and separation, therefore increasing preference of staplers over sutures will propel demand. Moreover, issues pertaining to healing of sutures paved the way for surgical stapler development.

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Benefits provided by surgical staplers such as higher speed and accuracy along with evenness of wound closure will serve to be a high impact rendering factor. The technique is also associated with a lower risk of infection and tissue reaction than sutures. Technological advancements such as development of products which provide real-time feedback and automated response to real-time data will escalate adoption.

The devices are used in various procedures such as general, thoracic, colorectal, abdominal, cosmetic, gynecology and pediatric surgeries. Broad spectrum product applications and product availability in various shapes such as circular, curved, linear for performing specific operations will stimulate demand. However, high cost associated with the device may restrain industry growth to some extent. Availability of alternative wound closure technologies and advanced products such as sealants, hemostats, glues, and anti-adhesives would impede growth. Complications associated with product use include stapler failure or misfire, improper formation, separation of suture lines and device becoming stuck in patient’s tissues.

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Disposable surgical staplers held significant revenue share. The disposable devices are generally made from plastic and are fitted with disposable cartridge for use on a single patient. Increasing preference of medical professionals for using one-use devices owing to their advantages such as low cost, lack of maintenance and higher safety will stimulate demand. Disposable staplers are pre-sterilized and disposed after use preventing the occurrence of infection in the case of improper re-sterilization.

Demand for powered surgical staplers will increase at rapid pace during the forecast years owing to its significant clinical and economic benefits. Advantages such as lower rate of bleeding complications and decreased operating room time will boost growth. Hospital segment accounted for significant revenue share owing to increasing number of patient admissions requiring complex surgeries.

U.S. surgical staplers market is slated to witness lucrative growth owing to increasing elderly population base and growing demand for procedures such as laparoscopy and cosmetic operations. As per American Society of Plastic surgeons, about 15.9 million minimally invasive cosmetic surgeries were conducted in 2015. Availability of technologically advanced products, higher spending on healthcare coupled with increased adoption rates among medical practitioners will propel business growth.

India surgical staplers market is poised to witness robust growth over the forecast period. Increasing number of surgical procedures and growing awareness among medical practitioners along with presence of large patient pool should drive industry share during the forecast years. Regulation of import, manufacture and sale of the product under Drugs and Cosmetic Act by Centre for Drug Candidate Optimisation (CDCO) will serve to be a high impact rendering factor.

Some of the prominent industry players include Medtronic, Johnson & Johnson, 3M, B. Braun, Grena, Stryker, and Conmed. The industry players adopt strategic initiatives such as acquisition and new product development for broadening their product portfolio and increasing their industry presence. For instance, in June 2017, Ethicon launched ECHELON FLEX GST system in Europe. In February 2017, Medtronic launched Signia Stapling System with adaptive firing technology which measures firing force and adjusts speed on the basis of tissue variability measurements providing consistent staple lines.

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