The global surgical stapling device market is poised for remarkable growth, with projections showing an increase from USD 3,977.40 million in 2023 to USD 5,930.60 million by 2033. This represents a compound annual growth rate (CAGR) of 4.10% over the forecast period, according to the latest market research report.
The anticipated surge in market value is fueled by the rising adoption of surgical stapling devices across a wide range of medical procedures. These devices are proving indispensable in laparoscopic, bariatric, and endoscopic surgeries, which are vital for managing chronic conditions such as obesity, sports-related injuries, and arthritis.
A spokesperson from Future Market Insights (FMI) commented, “The global market for surgical stapling devices is experiencing notable growth due to advancements in surgical techniques and increasing prevalence of chronic diseases. These devices play a pivotal role in ensuring precise and efficient wound closure, thereby enhancing patient outcomes and reducing recovery times.”
Key Drivers of Growth:
- Technological Innovation: The report highlights the significant impact of technological advancements on the efficacy and safety of surgical stapling procedures. These innovations are improving the precision, speed, and overall success rates of surgeries.
- Chronic Disease Prevalence: As chronic conditions like obesity and arthritis become more common, the demand for minimally invasive procedures, including those requiring surgical stapling devices, continues to rise.
- Favorable Reimbursement Policies: Improved healthcare infrastructure and supportive reimbursement policies across various regions are expected to further drive the adoption of surgical stapling devices.
With the market poised for substantial growth, the future of surgical stapling devices will likely be shaped by ongoing innovations in medical technology and an increased focus on minimally invasive surgeries.
Key Takeaways:
- In 2022, the surgical stapling devices market was valued at USD 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).
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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.
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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