The Surgical Staplers Market is set to exceed USD 6.1 billion by 2024; according to a new research study published by Global Market Insights, Inc. Technological advancements in surgical Staplers has resulted in manufacturing of different surgical devices and other instruments that are effectively and safely used in surgical procedures. The progression of mechanical sutures by use of surgical Staplers has led to market growth by minimizing the earlier surgical complications. Currently, surgical Staplers are repeatedly used several times in chronic surgical procedures such as complex laparoscopic operations, digestive reconstructions and extensive resections.
Rise in number of surgical procedures in the developed regions of North America will enhance the growth of surgical Staplers market. According to the recent data from National Center for Health Statistics, around 50 million surgical procedures are conducted in U.S. annually, that majorly include appendectomy, cardiovascular and general surgeries. The increasing effective use of surgical Staplers in several different surgeries has resulted in increased number of surgical procedures that are conducted without much post-surgical complications.
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Prevalence of traditional wound closure practices in developing regions of Asia Pacific will be one of the major growth restraining factor. Despite the recent technological advancements in wound closure procedure, there are certain regions that still practice traditional methods and therapies for wound closure. Countries with lower economy will have low product adoption rate resulting in impeding Surgical Staplers Market expansion.
Linear surgical stapler segment held a significant market share with a total value of USD 1,133.6 million in 2017. Linear surgical stapler is more prevalently used in gastrointestinal system (GIS) anastomosis and other anastomosis procedures. Increasing use of linear stapler in anastomosis surgery procedures will enhance the Surgical Staplers Market growth in forthcoming years.
In 2007 a California-based publisher of medical technology market, analyzed the European wound closure market and reported that the proportion surgical staplers was more than 40% of the total wound closure market volume in the continent. Since then surgical staplers industry has only served to advance further. For instance, recently Intuitive Surgical, an American corporation that develops and markets robotic products for improved clinical outcomes, received approval from the U.S. Food and Drug Association for its SureFrom 60, a 60 mm single-patient-use stapler that is being touted as a first in the surgical staplers market with a 120 degrees fully-wristed articulation. The SureForm 60 device can be readily used for general, gynecologic, pediatric and urologic wound closures and is also built to be compatible with the daVinci console, the robotic surgical system also developed by Intuitive Surgical.
Bariatric or stomach stapling surgery is a method that has the potential to rescue patients from severe obesity and preventing the development of the various disorders that obesity entails. Bariatric surgery also has certain long-term cost saving effects on the healthcare system. In sharp contrast to dieting and vigorous exercise which often fail to help patients with severe obesity, many of who gain back all the weight they lost within five years, bariatric surgery that involves the stapling of the stomach to reduce its size by 90% is seen as a far more effective solution to quick weight loss, with patients losing as much as 100 pounds within 18 months and seldom gaining them back. More and medical practitioners are referring adult as well as teen morbidly obese patients to undergo bariatric surgery that fast tracks their progress to a healthy weight and increased confidence with better life choices.
Surgical staplers market has received a considerable momentum from the rising rate of cesarean sections around the world. According to the data from 150 countries, compiled in 2014, nearly 18.6% of all births occur by cesarean sections, ranging from 6% to 27.2% in the least to most developed regions, respectively. A caesarean section is a surgical procedure which can often prove to be life-saving when complications arise during pregnancy and labor associated with maternal and perinatal risks and may have implications for future pregnancies. The use of caesarean section has increased dramatically, especially in middle- and high-income countries where maternal characteristics and professional practices have changed the style of pregnancies. Deliveries are often scheduled to suit travelling professionals as well as economic and organizational factors. Surgical stapling being a time saving procedure causing significantly less complications has registered positive growth trends owing to the rise of caesarean section surgeries.
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Prominent Surgical Staplers Market players include include 3M, B. Braun Melsungen AG, Conmed Corporation, Ethicon Inc., Frankenman International, Grena, Integra Life Sciences, Intuitive Surgical, Medtronic PLC, Meril Life Sciences, Purple Surgical, Reach Surgical, Smith & Nephew PLC and Welfare Medical. The industry players focus on strategies such as merger and acquisition, new product launch and geographical expansion in order to enhance their market presence across the world.