According to a recently published report by Research Nester on “Europe Surgical Stapler Market: European Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the European surgical stapler market in terms of market segmentation by product type, application type, technology and by end use.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The European surgical stapler market can be segmented by product type, application type, technology, end use. Based on product type, the market is segmented into disposable surgical stapler and reusable surgical stapler. On the basis of application type, the market is segmented into general surgery, colorectal, gynecology, urology and others. The market is further bifurcated based on technology into manual devices and powered devices; by end use into ambulatory surgical center, hospitals and clinics. The rapid increase in the occurrence of diseases such as obesity, cardiovascular problems, and cancer, are contributing towards the rise in the number of open surgeries, as well as minimally invasive type.
The European surgical stapler market is anticipated to expand at a CAGR of around 7.2% to reach more than USD 2 billion during the forecast period i.e. 2019-2027. Rising adoption of minimally invasive surgical procedures for cardiac treatment coupled with the increment in the number of cardiovascular diseases are anticipated to be the main reasons behind the growth of the market. Further, increase in technological advancements and healthcare expenditure is expected to drive the market growth over the forecast period.
The market is segmented by product type into disposable surgical stapler and reusable surgical stapler, out of which, the disposable surgical stapler segment holds a major share in the market owing to the reason that they reduce the chances of surgical infection, which ultimately enhances the procedure quality. Additionally, transmission of infectious diseases from patient to the medical personnel can be prevented in the disposal surgical staplers. Disposal surgical staplers are cost-effective when compared to the reusable staplers. Government continues to play the vital role in healthcare provisioning and spending. The revenues from surgical staplers that are used in geriatric population specific procedures such as cardiac surgeries and orthopedic surgeries are expected to have a higher growth rate.
Increased Surgical Procedures and Enhancement in Cardiac Diseases
A rise in the number of surgeries, ageing of global populations and, fast penetration of healthcare insurances are strong contributing factors towards the growth of the surgical staplers market. The rise in the geriatric population is leading to a rise in age-related diseases which is going to increase the requirement for surgeries. Moreover, increase in non-communicable diseases such as cardiac diseases, obesity and cancers are leading to a rise in its associated procedures. This is increasing the demand for surgical stapling devices. The high incidence of cardiac diseases increases the chances of surgery, especially open heart surgeries, in which surgical staplers are widely used to reduce the risk of infection, reduce the pain and to improve the healing process of the surgical wound. Therefore, the rise in the prevalence of cardiac diseases worldwide is anticipated to support the growth of the global surgical staplers market over the forecast period.
However, surgical staplers are more expensive than suturing needles. Thus, even though the surgical staplers are a more advanced procedure than suturing or stitching, its adoption is economically hindered. This may lead to drop in the number of surgeries in Europe and hinder the growth of surgical staplers market in Europe. Political turmoil such as Brexit and Eurozone crisis are affecting the growth of the surgical staplers market and the companies often want to relocate to more politically stable regions.
This report also provides the existing competitive scenario of some of the key players of the European surgical stapler market which includes company profiling of key companies such as Johnson & Johnson Ltd. (Ethicon), Medtronic (Covidien), 3M, B. Braun Melsungen AG, Aesculap, Inc., Intuitive Surgical, Purple Surgical, Victor Medical Instruments Co., Ltd., Grena Ltd., Golden Stapler Surgical Co. Ltd., Becton, Dickinson & Company, XNY Medical, Frankenman International Limited and Smith & Nephew. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the European surgical stapler market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.