Market Overview
- The Global Surgical Staplers Market is expected to grow at a CAGR of 8.22% during the forecasting period (2020-2027).
- A surgical stapler is a medical device, which is used during a surgical procedure. These devices are versatile and highly efficient and have advanced safety parameters to overcome postoperative complications that often occur due to staple line leaks. The surgical stapler is available for wound closure and thoracic and intraabdominal resections. The primary advantage of a surgical stapler is that it saves time and provides more conventional surgical techniques in closure when compared to traditional surgical techniques.
- Surgical staplers were developed to address complications during the healing period of traditional sutures. However, the introduction of surgical staplers provided many advantages such as speed, accuracy, and consistency in the closure of wounds. This made surgical stapler an important tool in the operating room.
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Market Dynamics
- The rising number of surgical procedures is one of the factors fueling the global surgical staplers market.
- The incidence of chronic illnesses such as cardiovascular, orthopedic, and neurological diseases is increasing worldwide. Orthopedic diseases such as arthritis and spinal deformity and neurological disorders like dementia and epilepsy have increased globally over the past few years. Many of these diseases require surgical intervention. There has been a 27% increase in the number of admissions for surgical procedures between 2005-2006 and 2015-2016.
- Surgeries require excision, incision, and surgical stapling of tissue along with general or regional anesthesia for major surgeries. Cardiac, gastrointestinal, neurology, gynecology, urology, and orthopedic are the areas where major surgeries are performed. Every surgery is an open or MI that requires wound closure internally or externally with the help of a surgical stapler. Therefore, the rise in the number of surgical procedures will increase the demand for global surgical stapling devices.
Segmentation Analysis
- Based on product the global market for surgical staplers is broadly segmented as by manual surgical staplers and powered surgical staplers.
- Currently powered surgical staplers are the dominant segment and it accounts for approximately XX% of the market, due to the launch of new products and regulatory approval for powered surgical staplers.
- For instance, In February 2017, Medtronic plc has introduced its new Signia Stapling System. The Signia powered stapling system provides surgeons with real-time feedback and automated responses to real-time data.
- In April 2017, Ethicon, a leading global provider of medical devices, has received 510(k) clearance from the U.S. Food and Drug Administration for ECHELON CIRCULAR powered stapler. The ECHELON CIRCULAR powered stapler was designed to reduce anastomotic complications in colorectal, gastric, and thoracic cancer surgeries.
- In January 2015, Ethicon, have introduced powered vascular stapler to provide greater precision and stability than currently available staplers for critical vessel transections. The new ECHELON FLEX Powered Vascular Stapler has the narrowest anvil of any stapler on the market1, and articulating shaft and advanced placement tip that may allow for better visibility, navigation, and precise placement during thoracic and other procedures, including VATS lobectomy (Video-Assisted Thoracoscopic Surgery) for lung cancer.
Geographical Analysis
- The global surgical staplers market is segmented into North America, Europe, Asia Pacific, South America, and ROW.
- North America is dominating the global surgical staplers market, due to the increase in regulatory approval and strategic competitiveness between companies.
- For instance, in July 2018, Intuitive Surgical, Inc., the pioneer and a global technology leader in robotic-assisted, minimally invasive surgery, have received U.S. Food and Drug Administration granted clearance for the company’s fully wristed, SureForm 60, 60mm stapler.
- In February 2018, Dextera Surgical Inc., Surgical’s assets have been sold to Aesculap, Inc. The company is developing and commercializing the MicroCutter 5/80 Stapler.
- In July 2015, Intuitive Surgical, Inc., the global leader in robotic-assisted minimally invasive surgery, has received clearances in Europe and Asia and also got clearance for its EndoWrist Staplers in the United States.
Competitive Landscape
- The regulatory approval and strategic alliance between companies for surgical staplers are one of the key factors driving the global surgical staplers market.
- For instance, in January 2016, Cardica Inc. has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to use its Microcutter Xchange 30 surgical stapling device with a white cartridge for the transaction and resection in open or minimally invasive urologic, thoracic and pediatric surgical procedures.
- In August 2016, Intuitive Surgical has partnered with Dextera Surgical to develop a surgical stapler and cartridge for Intuitive’s da Vinci robotic surgical system.
- In April 2015, Boston Scientific Corporation, a leading global medical device company, has signed a strategic alliance with Frankenman Medical Equipment Company, a leader in surgical staplers with deep local market expertise in the China surgical devices market. The alliance has enabled Boston Scientific and Frankenman to reach more clinicians and treat more patients by providing access to training on less invasive endoscopic technologies and the clinical and economic benefits these therapies can provide.
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