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Surgical Electrical Staplers Market - Forecast(2024 - 2030)
Surgical Electrical Staplers Market Overview
Surgical
Electrical Staplers Market size was valued at $2,728 million in 2020 and is estimated to be growing at a CAGR of 6.0%
during the forecast period 2021-2026. The surgical electrical stapler’s industry
growth rate is attributed to the increasing number of surgical procedures
across the globe, growing preference for minimally invasive surgeries, and is
anticipated to bring new opportunities. Surgical electrical staplers are
advanced staplers that are used to close lesions or skin wounds, attach or
remove sections of the bowels or lungs, and keep body tissues together both
externally and internally after an injury or surgery. Modern surgical electrical
staplers are either disposable or reusable, which is made of plastic or
stainless steel, and the design of surgical electric staplers can be linear cutter
staplers, curved staplers, or circular staplers. Surgical staplers are tools
that either help physical modification of biological tissue or provide rapid
recovery of the internal and external body tissues. Staples, rather than
sutures, minimize the local inflammatory reaction, the wound's duration, and
the time it takes to close the wound. Furthermore, owing to an increase in bariatric procedures and the use of advanced technology to perform endoscopic procedures are expected to increase the demand for surgical stapling devices. Also, the introduction of powered surgical devices and a soaring
need for tissue & wound management is also further set to drive the market. However,
significant government rules & regulations, inadequate quality assurance,
and high cost of surgical electrical staplers are the major barriers to the
growth of the surgical electrical staplers market during the forecast period
2021-2026.
Report Coverage
The
report: “Surgical Electrical Staplers Market Forecast
(2021-2026)”, by Industry ARC, covers an in-depth analysis of the
following segments of the Surgical Electrical Staplers Market:
By Stapler
Type: Linear Staplers Curved Staplers
and Circular Staplers.
By Product
Type: Disposable and Reusable.
By Application:
Gynecology, Thoracic,
Gastrointestinal Related Surgeries, Tissue and Wound Management Procedures and
Other.By End-Use:
Hospitals, Ambulatory Service
Centers and Others.
By
Geography: North
America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain,
Russia and Others), APAC (China, Japan, India, South Korea, Australia and
Others), South America(Brazil, Argentina and Others) and RoW (Middle East and
Africa).
Key Takeaways
- North America dominated the surgical electrical staplers market with a share of 35.6% in the year 2020.
- The factors such as increase in preference for minimally invasive surgery and the rise in geriatric population are amongst the major factor projected to impel growth of surgical electrical staplers market.
- Additionally, factors such as numerous
advantages of surgical electrical staplers such as high speed, less pain, and
evenness of wound closure have increased its use in the operating room are to
create opportunities paving a way for the growth in the market during forecast
period 2021-2026.
Global Surgical Electrical Staplers Market, By Application 2020(%)
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Surgical Electrical Staplers Market Segment Analysis - By Product Type
In
2020, on the basis of product type, disposable segment accounted for the
largest segmental revenue of the surgical electrical staplers market. The disposable
segment held the largest market on account of the fact that there are various
advantages associated with these devices including reduced risk of surgical
site infections (SSIs) and time efficiency owing to pre-sterilization of
devices. This segment is also projected to witness healthy growth throughout
the forecast period 2021-2026 with a CAGR of 6.8% as a result of heightened
concerns regarding communicable infections thereby, positively impacting the
segment growth. Furthermore, the Centers for Disease Control and Prevention
(CDC) promote the use of disposable devices and provide protocols to prevent
the spread of pathogens. Regulatory bodies such as the United States Food and Drug Administration (FDA) have also confirmed that certain steps must be taken to ensure that sterilization procedures for medical devices are strictly followed in order to prevent infections.Thus, increasing the application of stapling equipment, especially
in developed countries is also anticipated to fuel the market growth during the
forecast period 2021-206.
Surgical
Electrical Staplers Market Segment Analysis - By End
Use
On the basis of end use, hospitals segment accounted for the largest segmental revenue of the surgical electrical staplers market in 2020 as they serve as primary centers for treatment and diagnosis of diseases coupled with favorable reimbursement scenario for bariatric surgeries. The growing number of chronic diseases around the world, as well as the growing number of diagnostic and screening tests, are expected to boost market growth. Apart from this, the major trend in hospitals that suggests a shift towards clinical efficiency models include the introduction of robotic technology in surgery.
On
the other hand, ambulatory service center's segment is projected to dominate
over the forecast period 2021-2026 with a CAGR of 6.5%. The ambulatory service
centers are to witness a healthy growth owing the scarce economic resources and
shortage of hospital beds, especially in underdeveloped and developing economies.
Moreover, ambulatory service centers are the primary care centers for diagnosis
and treatment, with easy accessibility to multiple specialty treatments in a
single facility. All these factors are to drive the segmental market growth.
Surgical Electrical Staplers Market Segment Analysis - By Geography
North
America is the major region dominating the surgical electrical staplers market
with a market share of 35.6% in the year 2020. This can be attributed to the
use of advanced technologies and non-invasive methods in increasing the number
of total surgeries performed, the highest obesity rate in this region, the
local presence of global players, and FDA approval for non-invasive surgeries
in North America have fueled the regional market. Moreover, with recent
developments in minimally invasive surgeries, special devices are designed for
laparoscopic and thoracoscopy surgeries, which include the use of surgical electrical
stapling devices. Hence, it has become the responsibility of surgeons to
acquire prerequisite knowledge of stapling devices thereby, indirectly driving
regional market growth. However,
Asia-Pacific is projected to be the significant-growing market during the
forecast period owing to the presence of a large patient pool in
economies such as India, China, and Japan. Furthermore, increasing conduct of
surgical procedures, coupled with rising healthcare expenditure and rising
awareness regarding the use of them, the demand for stapling is anticipated to
witness lucrative growth. The key players in the market are also expanding their footprints in this area. Aside from these, initiatives like Johnson & Johnson Medical's India's training of 8,000 doctors in advanced surgical products, such as non-invasive surgical staples, are expected to boost the demand in the country.
Surgical Electrical Staplers Market Drivers
Increasing Minimally Invasive Surgery
The surgical electrical stapler market is poised to
receive upswing owing to significant increase in the burden of chronic diseases
is rapidly increasing worldwide. The inception of modern electronic
technologies such as minimally invasive surgery equipment and robotic surgeries
is poised drive the growing demand for the surgical electric staplers market.
The increasing demand for disposable devices due to heightened concerns for
communicable infections and increase in bariatric surgeries due to a rising
number of obesity-related operations are other growth augmenting factors that
will affect the surgical electric staplers screening market.
Surgical Electrical Staplers Market Challenges
Cost Of Installation And Maintenance Of Equipment's
Despite
several drivers, one of the
major factor hindering is the high cost of surgical electrical staplers in
public hospitals, clinical sites, research Institutes, etc.is a bit expensive,
thereby raising the treatment cost which is restraining the population in opting
such treatment facilities. Although, technological advancements opened new
opportunities in the market but significant government rules & regulations,
inadequate quality assurance are also playing a vital role in challenging the
regional market growth.
Surgical Electrical Staplers Market Landscape
Product
launches, mergers and acquisitions, joint ventures and geographical expansions
are key strategies adopted by players in the Surgical Electrical Staplers Market.
In 2020, Surgical Electrical Staplers market share is fragmented by the top ten
players present in the market. Surgical Electrical Staplers Market top 10
companies are Ethicon Inc., Medtronic PLC, Intuitive Surgical Inc., Dextera
Surgical Inc., Conmed Corporation, Smith & Nephew, Becton Dickinson And
Company, 3m Company, B. Braun Melsungen Ag, Purple Surgical, Frankenman
International Ltd., Welfare Medical Ltd., Reach Surgical, Grena Ltd., Meril
Life Sciences Pvt Ltd and others.
Acquisitions/Product Launches
- In December 2020, Medtronic has announced the launch of EEA Circular Stapler with Tri-Staple Technology – the first 3-row Circular Stapler with varied height staples. The new Tri-Staple Technology comprises a sloped cartridge face that delivers less stress on tissue. It also offers consistent performance over a broad range of tissue thickness and allows for greater perfusion into the staple line.
- In September 2019, Ethicon Inc. launched the industry's first powered circular stapler. The ECHELON CIRCULAR Powered Stapler reduces leaks by 61% at the staple line compared to Medtronic's DST Series™ EEA™ Stapler.
Relevant Reports:
Report
Code: HCR 0098
Report Code:
HCR 22655
1. Surgical Electrical Staplers Market - Overview
1.1 Definitions and Scope
2. Surgical Electrical Staplers Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Product Type
2.3 Key trends by End Use
2.4 Key trends by Geography
3. Surgical Electrical Staplers Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Surgical Electrical Staplers Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Surgical Electrical Staplers Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Surgical Electrical Staplers Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Surgical Electrical Staplers Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Surgical Electrical Staplers Market – By Stapler Type (Market Size –$Million/$Billion)
8.1 Linear Staplers
8.2 Curved Staplers
8.3 Circular Staplers
9. Surgical Electrical Staplers Market - By Product Type (Market Size –$Million/$Billion)
9.1 Disposable
9.2 Reusable
10. Surgical Electrical Staplers Market - By Application (Market Size –$Million/$Billion)
10.1 Gynecology
10.2 Thoracic
10.3 Gastrointestinal Related Surgeries
10.4 Tissue and Wound Management Procedures
10.5 Other
11. Surgical Electrical Staplers Market - By End-Use (Market Size –$Million/$Billion)
11.1 Hospitals
11.2 Ambulatory Service Centers
11.3 Others
12. Surgical Electrical Staplers Market - By Geography(Market Size –$Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Mexico
12.1.3 Canada
12.2 Europe
12.2.1 U.K.
12.2.2 France
12.2.3 Germany
12.2.4 Russia
12.2.5 Italy
12.2.6 Spain
12.2.7 Rest of Europe
12.3 Asia Pacific
12.3.1 China
12.3.2 India
12.3.3 Japan
12.3.4 South Korea
12.3.5 Australia & New Zealand
12.3.6 Rest of APAC
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Others
12.5 Rest of the World
12.5.1 Middle East
12.5.2 Africa
12.5.3 South America
13. Surgical Electrical Staplers Market - Entropy
14. Surgical Electrical Staplers Market – Industry/Segment Competition Landscape Premium
14.1 Market Share Analysis
14.1.1 Global Market Share – Key Companies
14.1.2 Market Share by Region – Key companies
14.1.3 Market Share by Countries – Key Companies
14.1.4 Best Practices for Companies
15. Surgical Electrical Staplers Market – Key Company List by Country Premium Premium
16. Surgical Electrical Staplers Market Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global SURGICAL ELECTRICAL STAPLERS MARKET, BY PRODUCT DESIGN Market 2019-2024 ($M)1.1 LINER STAPLERS Market 2019-2024 ($M) - Global Industry Research
1.2 CURVED STAPLERS Market 2019-2024 ($M) - Global Industry Research
1.3 CIRCULAR STAPLERS Market 2019-2024 ($M) - Global Industry Research
2.Global SURGICAL ELECTRICAL STAPLERS MARKET, BY PRODUCT DESIGN Market 2019-2024 (Volume/Units)
2.1 LINER STAPLERS Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 CURVED STAPLERS Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 CIRCULAR STAPLERS Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America SURGICAL ELECTRICAL STAPLERS MARKET, BY PRODUCT DESIGN Market 2019-2024 ($M)
3.1 LINER STAPLERS Market 2019-2024 ($M) - Regional Industry Research
3.2 CURVED STAPLERS Market 2019-2024 ($M) - Regional Industry Research
3.3 CIRCULAR STAPLERS Market 2019-2024 ($M) - Regional Industry Research
4.South America SURGICAL ELECTRICAL STAPLERS MARKET, BY PRODUCT DESIGN Market 2019-2024 ($M)
4.1 LINER STAPLERS Market 2019-2024 ($M) - Regional Industry Research
4.2 CURVED STAPLERS Market 2019-2024 ($M) - Regional Industry Research
4.3 CIRCULAR STAPLERS Market 2019-2024 ($M) - Regional Industry Research
5.Europe SURGICAL ELECTRICAL STAPLERS MARKET, BY PRODUCT DESIGN Market 2019-2024 ($M)
5.1 LINER STAPLERS Market 2019-2024 ($M) - Regional Industry Research
5.2 CURVED STAPLERS Market 2019-2024 ($M) - Regional Industry Research
5.3 CIRCULAR STAPLERS Market 2019-2024 ($M) - Regional Industry Research
6.APAC SURGICAL ELECTRICAL STAPLERS MARKET, BY PRODUCT DESIGN Market 2019-2024 ($M)
6.1 LINER STAPLERS Market 2019-2024 ($M) - Regional Industry Research
6.2 CURVED STAPLERS Market 2019-2024 ($M) - Regional Industry Research
6.3 CIRCULAR STAPLERS Market 2019-2024 ($M) - Regional Industry Research
7.MENA SURGICAL ELECTRICAL STAPLERS MARKET, BY PRODUCT DESIGN Market 2019-2024 ($M)
7.1 LINER STAPLERS Market 2019-2024 ($M) - Regional Industry Research
7.2 CURVED STAPLERS Market 2019-2024 ($M) - Regional Industry Research
7.3 CIRCULAR STAPLERS Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)2.Canada Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
3.Mexico Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
4.Brazil Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
5.Argentina Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
6.Peru Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
7.Colombia Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
8.Chile Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
9.Rest of South America Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
10.UK Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
11.Germany Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
12.France Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
13.Italy Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
14.Spain Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
15.Rest of Europe Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
16.China Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
17.India Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
18.Japan Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
19.South Korea Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
20.South Africa Surgical Electrical Staplers Market Revenue, 2019-2024 ($M)
21.North America Surgical Electrical Staplers By Application
22.South America Surgical Electrical Staplers By Application
23.Europe Surgical Electrical Staplers By Application
24.APAC Surgical Electrical Staplers By Application
25.MENA Surgical Electrical Staplers By Application
26.ETHICON LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.MEDTRONIC PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.CONMED CORPORATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.SMITH NEPHEW, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.PURPLE SURGICAL INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.INTUITIVE SURGICAL INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.WELFARE MEDICAL LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.REACH SURGICAL INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.MERIL LIFE SCIENCE PVT. LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.GRENA LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)