The surgical staplers market is expected to reach USD 4.78 billion by 2022 from USD 3.38 billion in 2017, at a CAGR of 7.2%.
The market is witnessing growth due to 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.
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This report broadly segments the Surgical Staplers Market into type, application, end user, and region.
Based on type, the market is segmented into disposable surgical staplers and reusable surgical staplers. The reusable surgical staplers segment is expected to register the highest CAGR during the forecast period. The high growth of this market segment is attributed to the cost effectiveness of these devices over a period of time and the generation of less surgical waste.
Based on application, the market is segmented into abdominal & pelvic surgery, general surgery, cardiac and thoracic surgery, orthopedic surgery, and other surgical applications. The abdominal & pelvic surgery segment accounted for the largest share of the surgical staplers market in 2016. This segment is also expected to register the highest growth rate. Increasing prevalence of obesity, growing health consciousness across the globe, increasing purchasing power, and growth in the number of bariatric or weight loss surgeries across the globe are the factors contributing to the growth of this segment.
On the basis of end users, the market is segmented into hospitals and ambulatory surgical centers (ASCs) & clinics. Among these, the hospitals are expected to witness high growth during the forecast period. Rapidly increasing patient volume and the subsequent increase in the number of complex surgeries, easy accessibility to multiple specialty treatments in a single facility, and favorable reimbursements are expected to boost the demand for medical equipment maintenance services in Europe.
The four regional segments covered in the global surgical staplers market are North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific is expected to register the highest CAGR during the forecast period. The high growth in this regional segment is attributed to increasing per capita income levels (and consequent increase in purchasing power), growing healthcare awareness, rising number of private sector hospitals, development of primary healthcare infrastructure, and growing medical tourism in this region.
The growing popularity of cosmetic surgeries, medical tourism in developing economies, and increasing healthcare demand in low- and middle-income countries offer lucrative growth opportunities for players in the surgical staplers market.
Robotic surgical systems have evolved to be a potential technological development in the area of surgical stapling. These surgical systems facilitate automatic detection of target tissues, providing better and more effective staple lines and closure of incisions. Various companies are contributing to this segment by commercializing and developing robotic-assisted surgical systems. For instance, Intuitive Surgical, Inc. (U.S.) developed the da Vinci surgical system, which offers wristed functionality to surgeons, ensuring that efficient stapling is achieved in various operating conditions. Such technological advancements are expected to provide an array of opportunities for market growth.
