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The surgical staplers industry is driven by the rising demand for the product in healthcare institutions to perform various surgical procedures. Surgical staplers can help close large wounds or incisions quickly with less pain. Hence, it is a safe choice for geriatrics also. In this regard, the rising geriatric population and their susceptibility to chronic diseases is anticipated to bolster the market growth in the forecast period. Moreover, the changing patient preference towards minimally invasive treatment procedures is likely to aid the market.
The new product launches by the leading manufacturers are expected to bolster the market growth in the coming years. In December 2020, Medtronic Plc (NYSE: MDT) announced the launch of EEA circular stapler with Tri-Staple technology. This new circular stapler is designed to impart less stress on the human tissue and for use in colorectal procedures.
In terms of region, North America is likely to account for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. The United States is one of the leading consumers of disposable surgical staplers owing to the increasing healthcare expenditure in the country. Furthermore, the rising cases of obesity, musculoskeletal, and cardiovascular disorders in the country are likely to propel the demand for the product in the forecast period. Moreover, increasing government investments towards bolstering the emergency preparedness of healthcare units are anticipated to be the key factor driving the market growth in upcoming years.
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The major players in the global surgical staplers market are Medtronic plc, Smith & Nephew PLC, 3M Company, B. Braun Melsungen AG, and Medical Devices Business Services, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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