November 01, 2021
As cited by the research report titled ‘Surgical Staplers Market Size By Product (Linear Staplers, Circular Staplers, Skin Staplers, Endoscopic Staplers), By Technology (Manual, Powered), By Usability (Reusable, Disposable), By Surgery (Gynaecology Surgery, Cardiac Surgery, Bariatric Surgery, Colorectal Surgery), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with MarketStudyReport, global surgical staplers market is projected to expand significantly over 2021 - 2027.
Higher product preference instead of sutures, rising adoption of disposable staplers during complex chronic surgeries, growing demand for bariatric surgery in developed economies, and increasing investments in research & development for manufacturing technologically advanced products are the major factors driving global surgical staplers market growth.
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For the record, surgical staplers are medical devices that can be used instead of sutures. These can be less painful as compared to stitches and can close large incisions or wounds at a faster pace. Surgical staplers are usually made of plastic, fully loaded with a cartridge of disposable surgical staples.
Based on product type, linear staplers segment amassed USD 1,206 million in 2019 and is poised to grow at 8.4% CAGR over the estimated timeline, owing to wide variety of applications and increasing number of surgeries
Considering technology, the powered segment accumulated USD 2,921 million in 2020 and is anticipated to expand at 8.5% CAGR over the forecast timeline on account of increasing automation in healthcare sector and rising cognizance regarding the various benefits offered by powered staplers.
In terms of usability, the disposable segment garnered USD 2,712 million in 2020, and is expected to showcase 8.4% CAGR over the assessment period due to rising demand for disposable staplers in complex chronic surgeries.
With respect to surgery, the bariatric surgery segment accrued USD 1,182 million in 2020, and is likely to expand at 8.2% CAGR over the projected timeline owing to growing number of obese people mainly in developed economies.
Considering the regional frame of reference, Asia Pacific surgical staplers market accounted for USD 719 million in 2020, and is poised to showcase CAGR of 10.0% over the analysis period, on account of increasing investments in research and development for manufacturing technologically advanced products along with high preference for surgical staplers instead of sutures.
Prominent players swaying the industry dynamics are Medtronic plc, Intuitive Surgical Inc., Integra LifeSciences Holdings Corporation, Grena Ltd., Frankenman International Ltd., Ethicon Inc., CONMED Corporation, B. Braun Melsungen AG, 3M Company, Welfare Medical Ltd., Smith & Nephew plc, Reach Surgical Inc., Purple Surgical, and Meril Life Sciences Pvt Ltd.