Global Surgical Stapling Devices Market Size, Share, Growth Analysis, By Product (Manual, Powered), By End User (Hospitals, Ambulatory Surgical Centers), By Technology (Tandem Mass Spectrometry, Pulse Oximetry), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG35A2932 |
Region:
Global |
Published Date: October, 2024
Pages:
182
|Tables:
0
|Figures:
0
Surgical Stapling Devices Market Insights
Global Surgical Stapling Devices Market size was valued at USD 5.34 Billion in 2023 and is poised to grow from USD 5.83 Billion in 2024 to USD 10.89 Billion by 2031, growing at a CAGR of 9.33% in the forecast period (2024-2031).
The main driver for market growth is the rising preference for staples over sutures. Many manufacturers have successfully launched staplers designed for endoscopic surgery with new technologies. These are employed in various specialties, for instance, tissue and wound treatment, gastrointestinal, thoracic, and gynecological surgery. This demand for surgical staplers is expected to rise because of the increasing bariatric treatments and endoscopic procedures with advanced technologies. Moreover, the rising demand for wound and tissue care accompanied by the emergence of powered surgical instruments will increase surgical stapler usage. In addition, another reason for increased demand for stapling instruments would be due to an increased incidence of chronic conditions. Chronic diseases include cancer, heart disease, neurological disorders, and urological illnesses among others. According to the World Health Organization report 2023 that is released in September, non-communicable diseases account for nearly 40 million deaths yearly worldwide, or 74% of all deaths. Besides, nearly 17.9 million people die globally due to cardiovascular diseases (CVD), which cause the largest proportion of mortality from non-communicable diseases. Therefore, one could expect that the presence of significant patient flow with chronic diseases will excite further development of the surgical stapling devices market in the next years.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Surgical Stapling Devices Market Segmental Analysis
Global Surgical Stapling Devices Market is segmented into product, end use, and region. By product, the market is classified into powdered, manual, type, and disposable. Depending on the end user, it is categorized into hospitals and ambulatory surgical centers. Regionally, the market is analyzed across Latin America, North America, Asia-Pacific, Europe, and Middle East & Africa.
Analysis By Product
In 2023, revenue was driven primarily by the manual segment. As they are more efficient and faster, manual staplers are favored because they may significantly reduce the time required to conduct surgical operations. Compared to traditional suturing methods, they close wounds more accurately because they boast a higher precision in stapling. Moreover, manual staplers are widely used in many health facilities because they are relatively cheaper compared to the powered equivalent. Many health care professionals prefer the manual stapler rather than the powered stapler because it is cheap but offers reliable performance. Manual staplers would therefore be favored due to their demonstrated effectiveness and value for money in the surgical environment.
Over the projection period, the powered segment is expected to record the fastest CAGR of 9.65%. This is partly due to more surgical procedures being carried out globally with a resulting heightened demand for superior and efficient stapling technologies. Many significant benefits of powered staplers are that they work steadily and smoothly without forcing on the operator's hands, improve the accuracy of surgery, and minimize the operator's work-related fatigue. These devices come in all shapes and sizes, including linear and circular systems and offer many more opportunities for more complex operations. Powered staplers would add features and ease of use that would speed acceptance and spur significant growth in this market.
Analysis By End Use
Hospitals have been the most significant revenue contributor in the year 2023. This is attributed to several factors, including hospital count and favorable rules of reimbursement for various surgeries. The American Hospital Association reported that the U.S. counted approximately 6,090 hospitals in 2020, and this number rose to around 6,120 in 2024. The hospitals lead the league of the biggest consumers of surgical stapling devices. This segment is dominated by established reimbursement structures and wide-ranging service offerings.
The fastest growth during the forecast period is expected in the Ambulatory Surgical Centers(ASCs) segment with a growth rate of 9.54%. Major causes for this boom are the influx of advanced surgical centers, enormous R&D spendings made by leading groups, and the various types of advantages these centers hold over traditional hospitals. ASCs are believed to take a high volume of surgeries, stay of patients for a short time, and cost of treatment being less. Based on these advantages over hospitals, ASCs are increasingly becoming a part of the health care system. With cost-cutting and operating efficiency expected to increase, sharp growth was expected to drive the segment of the ASCs.
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Surgical Stapling Devices Market Regional Insights
North America accounted for the largest share of 29.85% in the global surgical stapling devices market revenue in 2023. Factors contributing to this include the rising incidence of chronic diseases such as cardiac conditions and the presence of major industry players, including Intuitive Surgical, 3M, CONMED Corporation, and Medtronic. Due to having significant competitors, greater emphasis being placed on making treatments more efficient, and the fact that high investments are being made in R&D, surgical stapling devices had been a considerable part of the North American market in 2023. Significant players of the industry are situated in the US, including Johnson & Johnson, Intuitive Surgical, 3M, CareFusion Corporation, and a Becton Dickinson Company.
Factors such as raising healthcare expenditure and industry participants' and increased focus on launching technologically advanced products are predicted to result in the surge of the Europe-based surgical stapling devices market at a profitable CAGR during the forecasted period. The increase in demand for minimally invasive surgery, an enhanced knowledge of bariatric procedures, and an upsurge in the rates of chronic illnesses are expected to propel the UK surgical stapling devices market to grow at the fastest CAGR during the forecast period. Furthermore, Increased demand for minimally invasive surgeries and growing importance on the healthcare system of the country by the government is going to contribute more to the surgical stapling devices market in France at a strong compound annual growth rate during the projected period. Moreover, due to increased demand for minimally invasive procedures and increased awareness towards bariatric operations the German surgical stapling devices market is poised to grow at a fast CAGR over the course of the forecast period.
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Surgical Stapling Devices Market Dynamics
Drivers
Rising Technological Advancements
- This is mainly an influential driver of the market through the advancement of surgical stapling devices. Some of the latest technologies that change the face of surgeries, are next-generation powered staplers that enhance precision accuracy and customizable setting with real-time feedback. Increased effectiveness and safety are achieved through better closure of wounds, shorter recovery times, and fewer complications. The utility of staplers is further augmented with the development of models that are designed to have features that are well-suited for certain types of surgeries, such as bariatric or minimally invasive surgeries. The rising demand for these latest stapling devices can be attributed to the fact that medical facilities, such as hospitals and surgical centers, make such moves to advance their technology and help their patients' outcomes, and to further expand their operations.
Rising Number of Surgical Procedures
- As more people get diagnosed with chronic diseases, coupled with the aging population, surgical operations are on the rise globally. More procedures translate to an intense demand for reliable and effective surgical stapling devices. As a result, more health professionals are investing in powered and manual staplers that meet the growing demand, enhance precision in surgeries, and improve patient results. To meet such demand, more hospital and surgical facilities are emerging all over the globe, which in turn enhances the demand for efficient stapling solutions. Such surgical stapling devices have a marked impact on the market due to increasing surgical operations and a growing need for better surgical results.
Restrains
High Cost of Powered Staplers
- Highly priced stapling equipment is one major market restraint. Powered staplers are costlier to run because they not only have extra features but also much more precision, making them less affordable to use than manual staplers. These might appear to be very out of the budget for many healthcare institutions and especially low- and middle-income countries where financial constraints feature very prominently. The cost of purchase and cost of maintenance and training of staff members on how to utilize powered staplers might make them less used as well. This price barrier thus creates differences in the availability of modern surgical apparatus and prevents the wide-scale use of novel stapling techniques.
Risk of Complications and Learning Curve
- Surgical staplers, particularly the more advanced powered varieties, inherently involve some risk of potential tissue damage, malfunctioning the stapler, and complications after surgery. But more advanced stapling machines demand that healthcare professionals overcome a steeper learning curve to efficiently operate. This only ensures proper functioning and minimizes risk when appropriate training is provided to medical personnel, including surgeons. And so, the introduction of new stapling technologies would be limited by the necessity of continued education and by the possibility of mistakes. Healthcare providers will be able to weigh these merits against the associated risks and learning requirements, which will restrain market growth.
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Surgical Stapling Devices Market Competitive Landscape
New businesses and existing businesses fuel competition within the global market. In this direction, these players are making use of various strategies such as joint ventures, new product launches, and mergers & acquisitions. Competition in this market is expected to deteriorate further with more industry solutions being cleared up by regulatory agencies such as the FDA.
Top Player’s Company Profiles
- Medtronic
- 3M Healthcare
- BioPro, Inc.
- Johnson & Johnson Services, Inc
- ConMed Corporation
- BD
- B. Braun SE
- Smith + Nephew
- Frankenman International Ltd.
- Intuitive Surgical Operations, Inc.
- Stryker
- CareFusion Corporation
- Cardica, Inc.
- Ethicon US., LLC
- Covidien
Recent Developments
- In January 2024, Teleflex Incorporated released its new Titan SGS Stapler with Staple Line Reinforcement. Bariatric surgeons who buttress each staple fire during the sleeve gastrectomy will appreciate this stapler. The company is now accepting pre-orders for the product.
- In October 2023, Teleflex Incorporated received FDA 510(k) clearance for its Titan SGS Standard Staple Line Reinforcement product.
- In November 2023, the Powered Endoscopic Stapler by Ezisurg Medical was TÜV Rheinland granted the MDR Certificate. TÜV Rheinland is a company that provides testing, certification, and inspection services headquartered in Germany. There is value for the stapler in tissue excision, transsection, and the creation of anastomoses in open as well as minimally invasive surgery.
Surgical Stapling Devices Key Market Trends
- Growth in Minimally Invasive Surgery: The demand for advanced surgical stapling products is increasingly influenced by the growth in minimally invasive surgical techniques. Specialized staplers for less invasive surgical procedures, including laparoscopic procedures, should ensure minimum tissue damage and faster recovery as compared to open surgery. Benefits such as shorter hospital stays, faster recovery times, and reduced postsurgical pain have pushed the trend in that direction. The market for advanced stapling technologies is on the increase because of people using minimally invasive treatments. This is more so because there would be a higher need for advanced stapling devices, which would be tailored towards these surgeries with unique requirements.
- More Emphasis on Cost-Effective Solutions: Healthcare systems globally are seeking surgery on a shoestring budget. Since cost-cutting measures are always on the priority list, economical surgical stapling solutions are on offer. Service providers seek reduction in surgery costs without compromising their quality of service. This resulted in more demand for small staplers and other cheaper alternatives that ensure good performance without expensive associations with powered equipment. More recently, innovations such as the use of low cost throw away or reusable options that aim to drive total costs also gain much popularity. The emerging trend in cost-quality balancing has been witnessed in the healthcare business and is driving growth in the market for cost-effective stapling devices.
Surgical Stapling Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the surgical stapling devices market is evolving rapidly with the advancement of less invasive surgical methods, technical innovation, and growing attention to value-for-money options. Improvements in stapling technologies include enhanced manual instruments and motorized staplers that make the processes of surgeries much more accurate and efficient. The demand for specialized stapling solutions is further being driven by a shift towards less-intrusive treatments. Healthcare providers are eager to find effective ways of reducing expenditure without compromising the quality of care simultaneously. A continued healthy balance between up-to-date technology and expenditure concerns propels future innovations and further increases the application scope of surgical stapling devices globally, in turn forming a dynamic industry.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.34 Billion |
| Market size value in 2031 | USD 10.89 Billion |
| Growth Rate | 9.33% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Surgical Stapling Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Surgical Stapling Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Surgical Stapling Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Surgical Stapling Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surgical Stapling Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Surgical Stapling Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Surgical Stapling Devices Market Report Snapshots
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