The global surgical stapling devices market size was valued at USD 5.95 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.33% from 2023 to 2030.
Report Scope of the Surgical Stapling Devices Market:
|Market Size in 2022||USD 5.95 billion|
|Revenue Forecast by 2032||USD 14.25 billion|
|Growth rate from 2023 to 2032||9.33%|
|Report coverage||Revenue forecast, company share, competitive landscape, growth factors & trends|
The market is expected to exhibit lucrative growth opportunities in the coming years owing to the increasing preference for staples over sutures. With technological advances, several market players are commercializing staplers used for endoscopic surgeries. These devices find applications across various branches of medicine, such as gynecology, thoracic, and gastrointestinal-related surgeries as well as tissue & wound management procedures.
The demand for surgical stapling is expected to increase owing to the rise in bariatric procedures and implementation of advanced technology to perform endoscopic procedures. In addition, the introduction of powered surgical devices and growing need for tissue & wound management would further support the market growth and acceptance of surgical staplers.
Initially, sutures were widely used for wound closure surgeries. However, the introduction of staples has gradually outpaced the suture market due to the several advantages. Apart from being a tedious process, sutured sites may exhibit wound leakage and separation, whereas surgical staplers offer better speed, accuracy, and efficient wound closure.
With technological advancements, several market players are commercializing staplers used for endoscopic surgeries. These devices find application across various branches of medicine, such as gynaecology, thoracic, gastrointestinal-related surgeries, and tissue & wound management procedures.
Moreover, in developing countries, such as India and China, surgical staplers are widely used for bariatric surgeries. Covidien plc and Ethicon Endo-Surgery, Inc. offering titanium stomach staples, reported that obesity-related surgeries in India have doubled in 2013, and hence, the number of bariatric procedures has increased in the country.
Key Companies & Market Share Insights
Several key industry contributors are focusing on developing advanced surgical stapling devices to expand their market reach. For instance, in June 2022, Ethicon announced the launch of ECHELON 3000 Stapler for surgeons in the U.S. Market players are also focusing on strategic growth initiatives to strengthen their market presence. Some of the key players operating in the global surgical stapling devices market are:
Surgical Stapling Devices Market Segmentations:
|Product Outlook||Type Outlook||End-use Outlook||Regional Outlook|
Ambulatory Surgical Centers
Middle East & Africa