A number of factors such as increasing number of surgical procedures across the globe, growing preference for minimally invasive surgeries, technological advancements, and increasing preference for surgical staplers over sutures are expected to drive the growth of the surgical staplers market.

On the other hand, high cost of devices and availability of alternative wound care techniques may hinder the growth of the surgical staplers market in the coming years.

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The global surgical staplers market is expected to reach $4.78 Billion by 2022 from $3.38 Billion in 2017, at a CAGR of 7.2 %.

Key Players

The global surgical staplers market is duopolistic in nature with two major players Ethicon Inc. (U.S.) and Medtronic plc (Ireland). The market also includes players such as, CONMED Corporation (U.S.), Smith & Nephew (U.K.), Purple Surgical Inc. (U.K.), Intuitive Surgical Inc. (U.S.), Welfare Medical Ltd. (U.K.).

The market is dominated by North America, followed by Europe. North America dominated the market in 2017 and Asia-Pacific is poised to register the highest CAGR during the forecast period.

Geography

The dominance of North America is attributed to factors such as the growing geriatric population, increasing incidence of diseases (leading to an increase in the number of surgeries for corrective and preventive treatments), increasing preference for bariatric and cosmetic surgeries, availability of technologically advanced products and their higher adoption rate among surgeons and patients, presence of leading surgical staplers manufactures in the region, and higher public & private spending as a percentage of GDP (resulting in better healthcare facilities and infrastructure).

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