Increase in the number of surgical procedures to drive the global surgical staplers market
The global surgical staplers market is expected to reach USD 4.78 billion by 2022 from USD 3.38 billion in 2017, at a CAGR of 7.2%. Technological advancements, increasing number of surgical procedures across the globe, growing preference for minimally invasive surgeries, and increasing preference for surgical staplers over sutures are driving the growth in the surgical staplers market. On the other hand, high cost of devices and availability of alternative wound care techniques may hinder the growth of the market in the coming years.
“Reusable surgical staplers are expected to witness high growth during forecast period”
Based on type, the market is segmented into disposable surgical stapler and reusable surgical stapler. The reusable surgical stapler segment is expected to register the highest CAGR during the forecast period. Cost effectiveness of reusable surgical stapling devices over a period of time and the generation of less surgical waste are the key factors driving the growth of this market.
“Manual surgical staplers account to dominate the global surgical staplers market”
Based on product, the market is segmented into manual surgical staplers and powered surgical staplers. The manual surgical staplers segment is expected to dominate this market with the largest share in 2017. The large share of this segment can be attributed to the advantages such as fast, economical, and cause fewer infections as compared to the conventional stitches.
“North America to dominate the market during forecast period”
In 2017, North America is expected to account for the largest share of the global surgical staplers market. Factors such as growing geriatric population, increasing incidence of diseases (leading to an increase in the number of surgeries for corrective and preventive treatments), increasing preference for bariatric and cosmetic surgeries, availability of technologically advanced products, presence of leading surgical stapler manufactures in the region, and higher public and private spending as a percentage of GDP (resulting in better healthcare facilities and infrastructure) are supporting the growth of the market in the country.
The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1 – 30%; Tier 2 - 45%; Tier 3 - 25%.
• By Designation: C-level - 30%; D-level - 37%; Others - 33%.
• By Country: North America – 44%; Europe - 35%; Asia-Pacific - 13%; and Rest of the World (RoW) - 8%
*Note: Others include sales managers, marketing managers, and product managers
Tiers of the companies are defined on the basis of their total revenue. As of 2015: Tier 1 = > EUR 5 billion, Tier 2 = EUR 500 million to EUR 5 billion, and Tier 3 = < EUR 500 million
List of Companies Profiled in the report
• Ethicon Inc. (A SUBSIDIARY OF JOHNSON & JOHNSON)
• Medtronic Plc
• Intuitive Surgical Inc.
• Dextera Surgical Inc.
• CONMED Corporation
• Smith & Nephew
• Becton, Dickinson and Company (BD)
• 3M Company
• B. BRAUN MELSUNGEN AG
• Purple Surgical
• Frankenman International Ltd.
• Welfare Medical Ltd.
• Reach Surgical Inc.
• Grena Ltd.
• Meril Life Science Pvt. Ltd.
The report provides an overview of the global surgical staplers market. It aims at estimating the market size and future growth potential of this market across different segments such as product, type, application, end user, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them with the closest approximations of the revenue numbers for the overall global surgical stapler market and the subsegments. This report will help stakeholders to understand the competitor landscape better and gain insights to position their businesses better and make suitable go-to-market strategies. The report also helps the stakeholders understand the pulse of the market and provides them with information regarding key market drivers, restraints, challenges, and opportunities.