Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.10 Billion | USD 7.55 Billion | 7.02% | 2023 |
The global Surgical Stapling Devices market size accrued earnings worth approximately USD 4.10 Billion in 2023 and is predicted to gain revenue of about USD 7.55 Billion by 2032, is set to record a CAGR of nearly 7.02% over the period from 2024 to 2032.
The study includes drivers and restraints for the surgical stapling devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the surgical stapling devices market on a global level.
In order to give the users of this report a comprehensive view of the surgical stapling devices market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses customer and region segments that are benchmarked based on their market size, growth rate, and general attractiveness.
Surgical staples are specialized fasteners used in surgery to heal skin wounds or join body parts instead of stitches. These devices were created in response to growing worries about the effectiveness of conventional stitches in promoting healing. Surgical stapling devices offer superior precision, efficiency, and uniformity in wound closure compared to stitches, which are susceptible to tearing and leakage.
In 2023, the World Health Organization (WHO) reported that over 2.4 billion persons aged 18 years and older, which is 21% of the global adult population, were overweight. Of these, more than 600 million adults were obese. Obesity has become prevalent, leading to a rise in chronic diseases globally due to lifestyle changes. This has increased the need for bariatric surgery, with physicians now prescribing less invasive approaches for these procedures. The increasing prevalence of bariatric surgeries has led to the utilization of surgical staples, which provide advantages including decreased discomfort, lower postoperative infection rates, quicker recovery, enhanced precision, and improved bleeding management. The increasing number of operations conducted on elderly individuals to avoid age-related disorders is anticipated to boost the need for surgical stapling devices among the geriatric population.Request Free Sample
The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
Report Attributes | Report Details |
---|---|
Report Name | Surgical Stapling Devices Market |
Market Size in 2023 | USD 4.10 Billion |
Market Forecast in 2032 | USD 7.55 Billion |
Growth Rate | CAGR of 7.02% |
Number of Pages | 211 |
Key Companies Covered | Zimmer Biomet, Covidien (Medtronic plc), United States Surgical Corp, Ethicon Endo-Surgery, Inc., Intuitive Surgical, Inc., Cardica, Inc., Conmed Corporation, Stryker Corporation, Smith & Nephew plc, and CareFusion Corporation. |
Segments Covered | By Product Type, By Usage, By Type of Stapling, By Surgical Indication, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The study provides a decisive view of the surgical stapling devices market by segmenting the market based on customers and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024.
Based on product type, the surgical stapling devices market has been segmented into powered and manual. For skin sutures in general surgeries and emergency treatments manual staples are used traditionally, whereas due to the increasing number of emergency cases, powered surgical staplers are witnessing growing demand in the market.
Based on usage, the surgical stapling devices market is classified into disposable and reusable. Due to the elimination of cross-infection transferred by medical devices, disposable staples are the fastest-growing segment. Besides, reusable surgical stapling devices are preferred by the procurement team of hospitals as they are labeled under the category of green products, resulting in considerably less impact on the environment, compared to plastic single-use disposable surgical stapling devices.
Based on the type, stapling devices market is classified into straight, curved, and circular. Based on the surgical indication, the surgical stapling devices market is classified into the skin, digestive tract, blood vessels, hernia, lung, and others. Based on the end user, the surgical stapling devices market is classified into hospitals, ambulatory surgical centers, and others.
Based on the surgical indication, the surgical stapling devices market has been segmented to the skin, digestive tract, blood vessels, hernia, lung, and others.
Based on the end user, the surgical stapling devices market has been divided into hospitals, ambulatory surgical centers, and others.
North America is expected to remain the dominant region over the forecasted period, owing to the growing geriatric population and escalating demand for advanced medical technology. The U.S. presents key growth opportunities for manufacturers of surgical stapling devices. Asia Pacific region is the fastest growing sector due to the presence of a large target patient pool requiring minimally invasive techniques and other laparoscopic surgeries and also the growing number of aesthetic and cosmetic procedures in countries such as South Korea and India is further expected to propel the market growth.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further bifurcation into major countries including the U.S. Germany, France, the UK, China, Japan, India, and Brazil. This segmentation includes demand for surgical stapling devices based on individual segments and applications in all regions and countries.
The growing utilization of surgical stapling devices in bariatric operations worldwide is a significant factor driving the global surgical stapling devices market. The market is likely to develop in the next years because to a rise in surgical operations and a growing desire for minimally invasive surgeries. Yet, the price of surgical staples and the accessibility of alternative wound care methods could provide a challenge to the market for surgical stapling equipment. Consistent integration of cutting-edge and effective surgical staplers will create significant prospects for the surgical stapling devices market in the future.
Some of the key players in the surgical stapling devices market are
By Product Type
By Usage
By Type of Stapling
By Surgical Indication
By End User
By Region
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