Overview

Surgical Stapling Devices Market is predicted to value over USD xx billion by 2027 end with a CAGR of over xx% during the forecast period 2020 to 2027.

Surgical stapling devices are used for incision closure or wound closure post-surgery. The acceptance of surgical staplers has experienced an escalation due to the benefits offered by surgical staplers as compared to conventional stitching and suturing techniques. Surgical staples are generally made using plastic, polylactide-polyglycolide copolymer and titanium. The polylactide-polyglycolide copolymer staple is prominently used during plastic surgeries for hiding the scars. As per the data provided by OECD, over 2000,000 caesarean procedures were performed in 2017 in the United Kingdom. Rising number of patients with accident related sport related injuries and growing number of people diagnosed with appalling diseases shall boost the surgical stapling devices market growth. Furthermore, a wide range of products offered by key market players along with a growing acceptance of these products in developed regions shall propel the augmentation of the market.
Advancements in surgical stapler technology shall prominently impact the acceptance of surgical stapling devices amongst healthcare professionals. Furthermore, various nob angles and sizes of these devices has enabled the healthcare personnel in easily performing the laparoscopic surgeries. These advantages are predicted to propel the adoption of these devices in comparison to conventional suturing techniques. For example, the powered surgical staple bolsters the patient during injuries from trauma, whereas urgent wound closure is necessary in preventing the loss of blood. These powered devices perform better in lowering the pain and reducing time. Such advantages provided by these devices shall bolster the market growth.

Surgical Stapling Devices Market

Market Segmentation:

By Product
•   Manual Surgical Stapling Devices
•   Powered Surgical Stapling Devices
By Type
•   Disposable Staplers
•   Reusable Staplers
By Application
•   General Surgery
•   Gynecology Surgery
•   Urology Surgery
•   Others
By Surgery Type
•   Open Surgery
•   Laparoscopic Surgery
By End User
•   Hospitals
•   Specialty Clinics
•   Others
By Region
•   North America
•   Europe
•   Asia-Pacific
•   Latin America
•   Middle East and Africa

The market is classified into product, type, application, surgery type, end user and region. The product segment is categorised into powered stapling devices and manual stapling devices. The manual stapling devices held the largest surgical stapling devices market share owing to increased acceptance of these devices in healthcare organizations. However, it is the powered stapling devices that are anticipated to grow substantially during the forecast period owing to technological advancements in healthcare leading to the increased adoption of these devices, increased emphasis of companies on developing these devices.
The type segment is classified into reusable staplers and disposable staplers. The disposable stapler segment is anticipated to lead the market owing to the rising insistence for disposable staplers amongst healthcare personnel for incision and wound closure. Furthermore, the advantages of disposable staplers like reduced infection risk and larger offerings of products shall bolster the growth of the market. The application segment is fragmented into general surgery, urology surgery, gynaecology surgery and others. The general surgery segment is predicted to dominate the market owing to increased adoption and usage of these staplers in various surgical staplers which is anticipated to proliferate at a faster rate during the forecasted timeframe.
The surgery type segment is categorised into laparoscopic surgery and open surgery. The open surgery segment dominated the market, but it is the laparoscopic surgery that is predicted to grow at a substantial rate during the forecasted timeframe. The end user segment is classified into specialty clinics, hospitals and others. The hospital segment subjugated the market owing to increased usage of surgical devices in healthcare organizations.

Regional Analysis:

The North America region is projected to lead the market, and this can be attributed to the increased acceptance of advanced technologies like surgical robots in the region. Moreover, the rising preference of prominent players in launching new surgical stapling products shall boost the market growth in the region.

Competitive Landscape:

Some of the prominent market players are Smith & Nephew, Purple Surgical, 3M, Intuitive Surgical, B. Braun Melsungen AG, AesDex LLC.

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key market trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global surgical stapling devices market by product, by type, by application, by surgery type, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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