The Surgical Stapling Devices Market has witnessed significant growth in recent years, driven by the increasing adoption of minimally invasive surgical procedures and the rising prevalence of chronic diseases requiring surgical interventions. Surgical stapling devices are used to close incisions and wounds during surgical procedures, offering several advantages over traditional sutures, such as faster closure times, reduced tissue trauma, and improved wound healing.
One of the primary factors contributing to the market’s expansion is the growing preference for minimally invasive surgeries. As healthcare providers and patients seek less invasive treatment options, surgical stapling devices have emerged as an essential tool in laparoscopic and robotic-assisted procedures. These devices enable surgeons to perform complex surgeries with greater precision, leading to shorter hospital stays and quicker patient recovery.
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Moreover, the increasing burden of chronic diseases, such as obesity and gastrointestinal disorders, has propelled the demand for surgical interventions that require effective wound closure. Surgical stapling devices are commonly used in bariatric surgeries, gastrointestinal surgeries, and thoracic surgeries, where secure and consistent tissue closure is crucial for successful patient outcomes.
With deployment of advanced technologies, medical practitioners will keep adopting specialised devices that facilitate specific surgical operations in medical procedures. Rising number of invasive surgeries has necessitated the need for improved devices for wound management. And, surgical staples have effectively replaced sutures for closing wounds during such procedures.
Future Market Insights recently published its report on the global market for surgical stapling devices, the highlights from which indicate that rising number of laparoscopic surgeries performed across the globe have triggered the use of surgical stapling devices.
In the report, titled “Surgical Stapling Devices Market: Global Industry Analysis and Opportunity Assessment, 2022 to 2031,” North America has been identified as the largest market for surgical stapling devices. By the end of forecast period, more than US$ 1,000 Million revenues will be solely attributed by North America’s surgical stapling devices market.
The report reveals that hospitals will remain the largest end-users of surgical stapling devices in the world – accounting for more than 60% of global revenues. Meanwhile, the demand for surgical stapling devices will also gain traction in ambulatory surgical centres. Key findings in the report indicate that powered surgical stapling devices worth US$ 1,182 Million were sold globally in 2022, while the demand for manual surgical stapling products is anticipated to incur a downtrend in the years to come.
Throughout the forecast period, six out of ten surgical stapling devices sold in the world are likely to be disposable, while revenues from reusable surgical stapling products will be growing at a sluggish rate. Preference to curved surgical stapling is also on a rise, revenues from which are expected to soar impressively at 9% CAGR.
Dermatological surgeries will undoubtedly require greater number of surgical stapling devices. The report estimates that in 2022, nearly US$ 600 million revenues were amassed from the sales of surgical stapling devices in treatment of skin-related surgical wounds. The use of advanced surgical stapling devices is also expected to gain momentum for closing dissected or ruptured blood vessels during surgeries. Wounds situated in the patient’s digestive tract are also being treated by surgical stapling, and by the end of 2031, around US$ 665 million worth of devices will be consumed for such treatments.
Competitive Landscape:
Companies operating in the surgical stapling devices market is competitive by nature, with a few number of global and local competitors.
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Leading Manufacturers of Surgical Stapling Devices: Medtronic plc, Grena Ltd., Purple Surgical Holdings Limited, Dextera Surgical Inc., Johnson & Johnson Services, Inc., 3M Company, and Meril Life Sciences Pvt. Ltd.
Key players in global surgical stapling devices market are focusing on tapping the emerging markets in order to increase market share and increase the consumer base through exclusive product launch and approval in the emerging market. Some of the recent instances include:
- Medtronic plc announced in October 2021 that it had gained the CE (Conformité Européenne) Certification for the HugoTM robotic-assisted surgery (RAS) system, allowing it to be sold in Europe. CE Mark clearance is only available for urologic and gynecologic operations, which account for almost half of all robotic procedures performed today.
- PREVENA RESTOR AXIO•FORMTM Incision Management System, developed to maintain post-operative incisions as well as the surrounding soft tissue envelope following orthopaedic surgical repair of lower extremity fractures, will be available in October 2020, according to 3M.
Surgical Stapling Devices Market by Category :
By Product:
- Powered Surgical Stapling Device
- Manual Surgical Stapling Device
By Usage:
- Disposable Surgical Stapling Device
- Reusable Surgical Stapling Device
By Stapling Type:
- Straight
- Curved
- Circular
By Indication:
- Skin
- Digestive Tract
- Blood Vessels
- Hernia
- Lung
- Others
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Others
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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