Surgical Stapling Devices Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Surgical Stapling Devices market size is expected to be worth around US$ 10.02 billion by 2028, according to a new report by Vision Research Reports.

The global Surgical Stapling Devices market size was valued at US$ 5.18 billion in 2020 and is anticipated to grow at a CAGR of 9.23% during forecast period 2021 to 2028.

Growth Factors

Application of surgical staplers has gradually evolved from invasive surgeries to minimally invasive surgeries. With introduction of advanced surgical staplers, difficulties associated with the use of conventional staplers have been addressed.

Obesity is increasing among adults as well as adolescents below 18 years of age due to sedentary lifestyles and unhealthy diet patterns in this age group. In case of eating habits, people are more inclined towards fast food rather than healthy food. Growing busy schedule and increasing stress are both causing people to consume packed and processed food.

The demand for surgical stapling devices is poised to increase owing to a rise in bariatric procedures and the implementation of advanced technologies to perform endoscopic procedures. Also, the introduction of powered surgical devices and a soaring need for tissue & wound management is likely to further drive the market.

Report Highlights

Conventionally, manual surgical staplers were used along with scalpels, forceps, and scissors. With surging demand and increasing frequency of surgeries, powered stapling devices are expected to post a higher CAGR over the forecast period. These powered devices help doctors address the problem of fatigue that may be caused due to high procedure volume in hospital emergency wards.

Moreover, laparoscopic surgeries require accuracy while execution within restricted anatomical spaces and are typically labor-intensive. The prime advantage offered by powered stapling devices includes ease of wound closure without the requirement of manual firing force.

Introduction of novel technologies, such as bio welding and used for sealing wounds without scars or stitches, is estimated to stir up the demand for . They are anticipated to emerge as an alternative to sealants, staples, and sutures. They are approved in Europe and is used in skin grafting.

By type, the surgical stapling devices market has been bifurcated into disposable and reusable. Medical grade plastic is the material used in disposable devices while reusable devices are made from stainless steel used for biomedical applications. Both types possess disposable cartridges.

The disposable segment is anticipated to register a noteworthy CAGR over the forecast period as a result of heightened concerns regarding communicable infections. The Centers for Disease Control and Prevention (CDC) promotes the use of disposable devices and provides protocols to prevent the spread of pathogens. Regulatory authorities such as the U.S. Food and Drug Administration (FDA) have also stated some measures to ensure that set protocols for sterilization of medical devices are strictly followed to avoid infections.

Based on end-use, the market has been divided into hospitals and ambulatory centers. The hospital segment was identified as the largest end-use segment in 2018 whereas the ambulatory center's segment is projected to exhibit the highest CAGR over the forecast period. The steady growth of the ambulatory center's segment can be attributed to factors such as scarce economic resources and shortage of hospital beds, especially in underdeveloped and developing economies.

A major trend in hospitals suggests a shift towards clinical efficiency models, which include the introduction of robotic technology in surgery. Robotic surgeries improve the outcome of minimally invasive surgeries. The hospital segment is poised to retain its dominance over the forecast period owing to favorable reimbursement scenario for bariatric surgeries. This is available solely for inpatients and hospital outpatients, while ambulatory centers are not covered under this code.

North America held the largest share in the market owing to the use of advanced technologies and non-invasive methods in increasing the number of total surgeries performed. Other reasons for sizeable market share are the highest obesity rate in this region, the local presence of global players, and FDA approval for non-invasive surgeries. With recent developments in minimally invasive surgeries, special devices are designed for laparoscopic and thoracoscopic surgeries, which include the use of surgical stapling devices. It has become the responsibility of surgeons to acquire prerequisite knowledge of stapling devices.

Asia Pacific is likely to exhibit the highest CAGR of 9.07% during the forecast period due to the presence of a large patient pool in economies such as India, China, and Japan. In 2011, surgical staplers were categorized under “drugs” and were regulated under the Drugs and Cosmetics Act in India because of increasing demand and use. Implementation of this act rendered strict regulations for the manufacturing and distribution of surgical staplers.

Key Players

Covidien plc; Ethicon Endo-Surgery, Inc.; Cardica, Inc.; Zimmer Holdings, Inc.; Stryker Corporation; Smith & Nephew plc; Conmed Corporation; CareFusion Corporation.

Market Segmentation

  • Product Outlook 

    • Powered Surgical Stapling Device

    • Manual Surgical Stapling Device

  • Type Outlook 

    • Disposable Surgical Stapling Device

    • Reusable Surgical Stapling Device

  • End-Use Outlook

    • Hospitals

    • Ambulatory Centers

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • France

      • Germany

      • U.K.

      • Spain

      • Italy

      • Netherlands

      • Switzerland

      • Belgium

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • Turkey

      • Saudi Arabia

      • Israel

The Surgical Stapling Devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Surgical Stapling Devices market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Surgical Stapling Devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Surgical Stapling Devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Surgical Stapling Devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Surgical Stapling Devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Surgical Stapling Devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Surgical Stapling Devices market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Surgical Stapling Devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Surgical Stapling Devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Surgical Stapling Devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Surgical Stapling Devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Surgical Stapling Devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Surgical Stapling Devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Surgical Stapling Devices market. These factors have benefited the growth of the global market for Surgical Stapling Devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Surgical Stapling Devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Surgical Stapling Devices are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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