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.
Sizing and Forecast
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 growth in the historic period can be attributed to minimally invasive surgery adoption, growing aging population, rising incidence of chronic disease, patient demand for less invasive procedures, healthcare infrastructure development.
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.
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Segmentation & Regional Insights
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
North America was the largest region in the surgical stapling devices market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical stapling devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The surgical stapling devices market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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