Overview
Surgical stapling devices are binder clips used in surgical operations to seal or close wounds or incised areas of the body. These are specialist devices that may be used to seal or close wounds on both the inside and outside.
Statistics
By the end of 2027, the global surgical stapling devices market is expected to be worth US$ 4,364.6 million.
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Drivers
During the forecast period, the global surgical stapling devices market is anticipated to rise due to the rising incidence of obesity. Behavioral Risk Factor Surveillance System, 2018, 71424, according to the Centers for Disease Control and Prevention (CDC). Obesity affects 3,000 individuals in the United States.
The growing elderly population is also likely to help the market expand. The elderly population in the U.S. is anticipated to reach 77 million by 2034, according to the United States Census Bureau.
Statistics
In terms of value, North America dominated the global surgical stapling devices market in 2019, with a 28.6 percent share, trailed by Europe and Asia Pacific, accordingly.
Restraints
The use of surgical stapling devices might result in damage when the stapler is removed, which is projected to limit the global surgical stapling devices market development. The US Food and Drug Administration said in March 2019 that it has collected more than 41,000 adverse event complaints using surgical staplers and staples for internal use, including 366 fatalities, and that it may demand tougher product evaluation of the devices.
Furthermore, the rising price of surgical stapling devices is estimated to restrain the global surgical stapling devices market expansion. Surgical stapling devices are approximately three times more expensive than high-grade suturing materials currently on the market, with prices ranging from $75 to $300.
Market Taxonomy
According to the type of product: Manual Surgical Stapling Device and Powered Surgical Stapling Device.
- According to the type of usage: Reusable Surgical Stapling Devices and Disposable Surgical Stapling Devices.
- According to the type of stapling: Circular, Straight, and Curved.
- According to the type of application: Lung, Skin, Hernia, Blood Vessels, and Digestive Tract.
- According to the end user: Ambulatory Surgical Centers and Hospitals.
Opportunities
For participants in the global surgical stapling devices market, R&D in device functionality is projected to provide attractive development possibilities. In January 2019, an Ethicon-funded study found that when evaluated on pig lungs under simulated physiologic breathing circumstances, Ethicon’s Echelon Flex GST system had a 20 percent staple-line air leak rate, compared to a 44 percent rate for Medtronic’s Endo Gia with Tri-Staple technology.
Furthermore, the global surgical stapling devices market is projected to benefit from the advent of disposable stapling devices.
Statistics
The global surgical stapling devices market was worth US$ 2,399.0 million in 2019 and is expected to reach US$ 4,364.6 million by 2027, with a CAGR of 7.8 percent from 2020 to 2027.
Key Takeaways
Surgical stapler abuse is on the upswing. Surgical stapler abuse is the top health technology risk, according to the 13th edition of the ECRI Institute’s Top 10 Health Technology Hazards, released in October 2019, topping out point-of-care ultrasounds and sterile processing mistakes.
Numerous regulatory agencies have proposed regulatory reforms in response to growing concerns over surgical stapler accidents. The General and Plastic Surgery Devices Panel of the US Food and Drug Administration proposed in June 2019 that surgical staplers for internal use be reclassified to a more strictly regulated category.
Key Developments
The market’s major players are concentrating on releasing new goods in order to increase their product range. SQ.line surgical tools portfolio for spine and orthopedic operations was introduced by Aesculap, Inc. in June 2020.
Purple Surgical Holdings Limited debuted its laparoscopic and surgical stapling pricing power at the General Surgery Congress in Peru in March 2018.
Major Players Are: Medtronic plc. , Johnson & Johnson, 3M Company, Aesculap, Inc. (B. Braun), SeCQure Surgical Corporation, Purple Surgical Holdings Limited, Meril Life Sciences Pvt. Ltd., and Grena Ltd.
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Reasons to Purchase this Report
• Current and future of global Surgical Stapling Devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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