According to projections, the surgical stapling device market share would be worth US$3,977.40 million by 2023. By 2033, the market research study projects a rise of US$ 5,930.60 million. Over the course of the projected period, a CAGR of 4.10% is anticipated in the sales of surgical stapling devices.
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.
The surgical stapling devices market has witnessed significant growth in recent years, driven by advancements in medical technology and an increasing number of surgical procedures worldwide. Surgical stapling devices are widely used in various surgical specialties, including general surgery, thoracic surgery, and gastrointestinal surgery, among others. These devices offer several advantages over traditional sutures, such as faster closure, reduced tissue trauma, and improved healing outcomes. As healthcare providers continue to prioritize minimally invasive techniques, the demand for surgical stapling devices is expected to persist and expand across different medical fields.
The competitive landscape of the surgical stapling devices market is characterized by the presence of key players striving to innovate and introduce cutting-edge technologies. Companies are focusing on developing stapling devices with enhanced precision, ergonomic designs, and improved safety features. Additionally, efforts are being made to expand product portfolios to cater to a broader range of surgical applications. As the global healthcare industry evolves, the surgical stapling devices market is likely to witness ongoing research and development activities, fostering further innovation and advancements in this critical medical technology sector.
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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
- Meril Life Sciences Pvt. Ltd.
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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 Mn were sold globally in 2016, 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 2016, 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 2026, around US$ 665 million worth of devices will be consumed for such treatments.
We have segmented the global surgical stapling devices market into six sections. They are as follows: By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
By End User
- Hospitals
- Ambulatory Surgical Centres
- Others
By Stapling Type
- Straight
- Curved
- Circular
By Usage Type
- Disposable Surgical Stapling Devices
- Reusable Surgical Stapling Devices
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By Indication
- Skin
- Digestive Tract
- Blood Vessels
- Hernia
- Lungs
- Others
By Product
- Powered Surgical Stapling Devices
- Manual Surgical Stapling Devices
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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