Introduction to Surgical Staplers Market
Surgical stapling is a technological advancement in medical wound closure methods and is often used as an alternative to traditional methods like suturing. The use of surgical staplers not only expedites the closure procedure yet minimizes post procedural complexities such as bleeding, while reducing hospital stays.
The rapid increase in the occurrence of the diseases such as obesity, cardiovascular problems, and cancers, are contributing towards the rise in the number of open surgeries, as well as minimally invasive type. Additionally, the constant introduction of innovative technologies and advancements in medical devices industry is set to provide faster recovery to patients, is spurring the demand for surgical staplers.
Rise in demand for minimally invasive surgery, increase in adoption of surgical staplers against conventional surgical sutures in developed as well as developing countries, coupled with technological advancement are the major drivers boosting the growth of the market. Surgical staplers have the advantage of being more economical, quicker, and cause fewer infections than stitches. It was originally developed to substitute sutures, since leakages from improper suturing was a major cause of post-surgery mortalities. Currently clips are being used in place of staples since it prevents the piercing of staples. Stapling has the advantages of being more accurate and faster than hand suturing. They are unlikely to cause leakages of blood from stapled organs.
Market Size and Forecast
The market is observing significant growth on account of increasing preferences for minimally invasive procedures, technological advancement, and increasing usage of surgical staplers in bariatric surgery. Further, the gradual ageing of the European population (17.5% aged 65 or older), is expected to increase the demand for ailment of conditions related to old age and result in a hike in need for old age care. Government continues to play the most prominent 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.
The European surgical stapler market is anticipated to record a CAGR of around 7.2% to reach more than USD 2 billion over the forecast period i.e. 2019-2027. 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. These surgical staplers are cost-effective as compared to the reusable staplers.
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Growth Factors
Increased Surgical Procedures
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.
Enhancement in Cardiac Diseases
According to the World Health Organization (WHO), approximately 17.9 million people have died because of CVD’s in the year 2016 which represents 31 percent of the total worldwide deaths. Out of these deaths, 85 percent are due to stroke and heart attack. 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.
Restraints
High Cost of Surgical Staplers
Surgical staplers are more expensive than suturing needles. Thus, even though the surgical staplers are more advanced procedure than suturing or stitching, its adoption in economically backward area is hindered.
Medical tourism has increased a lot in recent years where patients from Europe visit developing countries such as India to seek low-cost medical surgeries. 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 hindering the growth of the surgical staplers market and the companies often wants to relocate to more politically stable regions.
Market Segmentation
Our-in depth analysis of the European surgical stapler market includes the following segments:
By Product Type
- Disposable Surgical Staplers
- Reusable Surgical Staplers
By Application Type
- General Surgery
- Colorectal
- Gynaecology
- Urology
- Others
By Technology
- Manual Devices
- Powered Devices
By End User
- Ambulatory Surgical Center
- Hospitals
- Clinics
Key Players
- Johnson & Johnson Ltd. (Ethicon)
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- 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
- Smith & Nephew
