The global surgical stapling device market is poised for substantial growth over the next decade. According to a recent report, the market is estimated to be valued at US$ 3,977.40 million in 2023 and is anticipated to escalate to a remarkable US$ 5,930.60 million by 2033. This growth trajectory translates to a steady compound annual growth rate (CAGR) of 4.10% from 2023 to 2033.
This upward trend in the surgical stapling device market is primarily fueled by the increasing prevalence of surgical procedures such as gastrointestinal, thoracic, and bariatric surgeries. As the global population ages and the incidence of related health conditions rises, the demand for these surgeries is expected to surge, thereby propelling the demand for surgical stapling devices.
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Laparoscopic or minimally invasive surgeries, which often utilize surgical stapling devices, have seen significant growth due to their reduced recovery times and patient preference for less invasive procedures, fueling the growth of the surgical stapling devices market.
Economic growth in various regions has increased access to healthcare services, including surgical procedures, further driving the demand for surgical stapling devices. Increased awareness about surgical options, patient education, and physician training have contributed to the adoption of advanced surgical techniques that rely on surgical stapling devices.
Manufacturers of surgical stapling devices are continuously investing in research and development activities to design, develop, and launch technologically advanced products and improve their current product portfolios to maintain their market share.
Key Takeaways:
- In 2022, the surgical stapling devices market was valued at US$ 3,827.50 Million.
- Based on product type, the manual segment is expected to account for a share of 87.7% in 2023.
- Based on usage, disposable segments account for a market share of 4%
- Global surgical stapling devices demand in China is predicted to account for a CAGR of 5.3% through 2033.
- Bags in the United States is expected to account for a CAGR of 1.8% between 2023 and 2033.
- Germany is projected to expand by a value CAGR of 2.5% between 2023 and 2033.
- By 2033, the surgical stapling devices market in India is anticipated to record a CAGR of 6.2% during the forecast period.
“The high volume of surgical procedures performed and growing aging population, is a major factor accelerating the market growth.” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Competitive Landscape:
The overall market is highly fragmented, with several competitors in the surgical stapling devices production sphere. To meet consumer demand and expand their customer base, these companies are implementing methods such as mergers and acquisitions, partnerships and collaborations, and new product launches.
- Medtronic in December 2020, introduced EEA™ Circular Stapler, which has the Tri-Staple™ Technology. It is a first 3-row Circular Stapler having variations in height of staples. The Tri-Staple™ Technology helps reduce the stress on the tissue and consists of a sloped cartridge face.
- Intuitive Surgical is known for its da Vinci Surgical System, which includes robotic surgical staplers for minimally invasive procedures.
- Braun Melsungen AG is a global medical device and pharmaceutical company that manufactures surgical stapling devices for various surgical applications.
- Dextera Surgical focuses on the development of innovative stapling solutions for minimally invasive surgical procedures.
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Surgical Stapling Device Market Size:
| Attributes | Details |
| Estimated Market Size in 2023 | US$ 3,977.40 million |
| Projected Market Valuation in 2033 | US$ 5,930.60 million |
| Value-based CAGR 2023 to 2033 | 4.10% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in US$ million |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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Surgical Stapling Devices Market Segmentation:
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 Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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