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Global Surgical Staplers Market to Grow at a CAGR of 8.17% During 2022-2027, Aided by the Rising Cases of Cancer and Cardiovascular Disorders

According to a new report by EMR titled, ‘Global Surgical Staplers Market Report and Forecast 2022-2027’, the market attained a value of nearly USD 4.8 billion in 2021. The industry is further expected to grow at a CAGR of 8.17% between 2022 and 2027 to reach USD 7.8 billion by 2027.

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.

Market Breakup by Product, Type, Application, and Region:

  • The market is segmented based on product into manual surgical staplers and powered surgical staplers.
  • Based on type, the market is divided into reusable surgical staplers and disposable surgical staplers.
  • The significant applications of the product include abdominal surgeries, orthopaedic surgeries, cardiac surgeries, and general surgeries, among others. 
  • Region-wise, the global market for surgical staplers can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for surgical staplers is being driven by the rising demand for the product in general, abdominal, and cardiovascular surgeries.
  • The rising cases of cancer and other chronic illness are likely to propel the rate of surgical procedures, which is likely to boost the demand for surgical staplers. 
  • The expansion of major medical device manufacturing companies is anticipated to bolster the market growth. 
  • The market is expected to be aided by the rising healthcare expenditure in emerging economies, and the increasing investments by the healthcare authorities to ramp up the production of medical equipment to bolster emergency preparedness.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for surgical staplers for the periods (2017-2021) and (2022-2027). 
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the products, types, applications, and regions of surgical staplers.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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