Surgical Staplers Market Regional Analysis:
North America Market Insights
North America industry is poised to account for largest revenue share of 41.3% by 2035. This growth can be attributed to factors such as high prevalence of chronic diseases, rising number of surgeries, and rapid advancements in minimally invasive techniques. The key players in this region are constantly focused on developing novel and highly accurate, low-pain surgical devices and products, including staplers.
The U.S. and Canada are the largest contributing countries in North America. In the U.S., the surgical staplers market is expected to flourish as the U.S. has the highest obesity rate in the world, resulting in a large number of bariatric surgeries. According to a survey by the National Institute of Health (NIH), 1 in 3 adults in this country are overweight. This has encouraged manufacturing giants to launch novel products. For instance, in August 2022, Teleflex announced its plan to extend its surgical stapling portfolio for bariatric surgery to cater to the rising demand across hospitals and other healthcare centers.
In Canada, the surgical staplers market is expected to witness steady growth owing to the high adoption of advanced stapling devices in surgical procedures, emergence of players, and increasing investments in R&D activities, and product launches. Rising healthcare spending is another factor expected to boost market growth going ahead. According to the NIH Report 2021, over 2 million surgeries, costing around $60 million are performed every year in Canada. This has resulted in increasing demand for advanced surgical staplers.
Asia Pacific Market Insights
Asia Pacific is predicted to be the fastest-growing region for surgical staplers market between 2026 and 2035 attributed to a preference for stapling over sutures, improving overall healthcare infrastructure, and high adoption of advanced surgical stapling technology and devices. There has been a significant increase in the adoption of minimally invasive surgeries for colorectal, thoracic, gynecologic, and bariatric in APAC countries including India, China, Japan, and South Korea.
China is expected to hold the largest share of the surgical staplers market owing to fast-paced technological advancements, growing disposable income, and a rising number of surgeries. Key players in China are focused on launching novel products to cater to the demand. For instance, Ezisurg Medical Co. received an MDR certificate from TÜV Rheinland for its disposable powered endoscopic stapler and cartilage. This is one of the first MDR certificates issued by TÜV Rheinland for such staplers in Greater China.
In India, the surgical staplers market is expected to expand at a robust CAGR during the forecast period due to growing demand for minimally invasive surgeries, improving healthcare facilities, and rising adoption of advanced stapling devices. Global companies such as Medtronic, B. Braun, and Johnson & Johnson’s are expanding their product base to meet to growing demand. For instance, in December 2020, Medtronic announced the launch of EEA Circular Stapler with Tri-staple technology in India. This is the first ever 3-row circular stapler with different height staples that offer consistent performance for a broad range of tissue thicknesses. Such expansions and innovations are expected to fuel market growth in India in the coming years.
