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Global Surgical Stapling Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts: 2018–2024
Overview: A surgical staple is a specialized medical device used in surgery in place of traditional sutures. It is used to close skin wounds, connect or remove parts of the bowels or lungs. Staplers were primarily developed to overcome the problem such as patency (security against stenosis or occlusion of the lumen) and tightness i.e., security against blood or bowel content leakage in addition to easiness and quickness in performing the anastomosis. Staplers have many advantages over traditional sutures in surgery. Staplers generally help in decreasing surgical time (operative and anesthetic) and, they can be placed faster than stitches, decreasing the chance of infection. Surgical stapling devices find its application in cardiac and thoracic surgery, gynecology surgery, general surgery, orthopedic surgery, cosmetic surgery and others. The increase in life threatening diseases has resulted in more surgical procedures being executed across the globe and more than 230 million surgeries are performed worldwide every year. More than 22 million surgeries take place in the US alone every year. The Asia Pacific region accounts for the largest distribution of surgical procedures of nearly 33% of the worldwide procedures, largely because of its huge population. China currently performs the highest number of plastic surgeries in Asia, according to a survey conducted by the International Society of Aesthetic Plastic Surgery.
The growing number of surgeries and the increasing preference for minimally invasive surgeries, the increasing adoption of staplers over traditional sutures, growing healthcare expenditure across the globe and medical tourism are factors driving the growth of the surgical stapling global market. However, the high cost of this medical device and the availability of alternate technologies such as sutures, sealants, clips, adhesives etc., may hinder the growth of surgical stapling global market.
Market Analysis: The “Global Surgical Stapling Market” is estimated to witness a CAGR of 7.6% during the forecast period 2018–2024. The market is analyzed based on five segments – product, type, application, end-users and regions.
Regional Analysis: The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is set to be the leading region for the surgical stapling market growth followed by Europe, Asia Pacific and Rest of the World.
Type Analysis: The global Surgical Stapling market by type is segmented into: disposable staplers and reusable staplers. Disposable staplers occupied the largest share in 2017, and reusable staplers are expected to grow at a high CAGR in the coming years.
Product Analysis: The global Surgical Stapling market by product is segmented into: manual staplers and powered staplers. The latter segment occupied the largest share in 2017, and is expected to grow at a high CAGR during the forecast period because of it advantages such as shorter operating time, decreased hospital costs, and minimum complications associated with powered staplers such as leakage or blood loss.
Application Analysis: The global surgical stapling market by application is segmented into: cardiac and thoracic surgery, gynecology surgery, general surgery, orthopedic surgery, cosmetic surgery and others. Cardiac and thoracic surgery occupied the largest share in 2017, and cosmetic and gynecology surgery application is expected to be fastest growing segment in the next few years. Others includes urological surgery, pediatric surgery, hemorrhoids and others.
End-Users Analysis: The global Surgical Stapling market by end-users is segmented into: hospitals, ambulatory surgical centers and clinics. Hospitals occupied the largest share in 2017, and is expected to continue the same trend for the next few years.
Key Players: Medtronic Plc, CONMED Corporation, B. Braun Melsungen AG, Johnson and Johnson, Grena Ltd, Meril Life Sciences Pvt. Ltd, 3M, Stryker Corp, Purple Surgical UK Ltd, and Frankenman International are the dominant players operating within this market.
Competitive Analysis: Currently, disposable staplers have been dominating the global surgical stapling market and many players are gradually moving their focus on reusable staplers as well. A lot of new players are concentrating on this market to provide advanced and innovative products in this domain. For instance, in July 2017, Ethicon launched Echeleon Flex GST System (45mm) across Europe, building on the success of the Echelon Flex 60mm Powered Plus Stapler with Gripping Surface Technology. The key market players are receiving product approvals, helping them to increase their market share. In September 2017, Dextera Surgical received expanded FDA Clearance for MicroCutter 5/80 Stapler which can now be used in open solid organ dissection techniques. The players in surgical stapling market are acquiring other firms to strengthen their product portfolio. Recently in January 2018, Aesculap, a division of B. Braun announced that it will acquire surgical stapler maker Dextera Surgical.
Benefits: The report provides detailed information about the usage and adoption of surgical stapling devices in various applications and regions. With that, key stakeholders can find out the major trends, drivers, investments, vertical player’s initiatives, government initiatives toward the product adoption in the upcoming years, along with the details of commercial products available in the market. Moreover, the report provides details about the major challenges that are going to have an impact on the market growth. Additionally, the report gives complete details about the business opportunities to key stakeholders to expand their business and capture revenues in the specific verticals. The report will help companies interested or established in this market to analyze the various aspects of this domain before investing or expanding their business in the surgical stapling market.
Table of Contents
1 Industry Outlook
1.1 Industry overview
1.2 Total addressable market
1.3 Industry Trends
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Market Definition – Infoholic Research
3.2 Advantages of surgical stapling
3.3 Disadvantage of surgical stapling
3.4 Segmented Addressable Market (SAM)
3.5 Trends of the surgical stapling market
3.6 Related Markets
3.6.1 Surgical sealants and adhesives
3.6.2 Surgical Sutures
3.6.3 Wound care
4 Market Outlook
4.1 History
4.2 Market segmentation
4.3 PEST Analysis
4.4 Porter 5(Five) Forces
5 Market Characteristics
5.1 DRO – Global Surgical Stapling Market Dynamics
5.1.1 Drivers
5.1.1.1 Growing surgical procedures
5.1.1.2 Increasing adoption of staplers over sutures
5.1.1.3 Increasing preference of minimally invasive surgery
5.1.2 Opportunities
5.1.2.1 Growing healthcare expenditure in developing and developed countries
5.1.2.2 Increasing medical tourism
5.1.3 Restraints
5.1.3.1 High cost of the device
5.1.3.2 Availability of alternative technologies
6 Product: Market Size and Analysis
6.1 Overview
6.2 Manual staplers
6.3 Powered staplers
7 Type: Market Size and Analysis
7.1 Overview
7.2 Disposable staplers
7.3 Reusable staplers
8 Application: Market Size and Analysis
8.1 Overview
8.2 Cardiac and thoracic surgery
8.3 Gynecology surgery
8.4 General surgery
8.5 Orthopedic surgery
8.6 Cosmetic surgery
8.7 Others
9 End Users: Market Size and Analysis
9.1 Overview
9.2 Hospitals
9.3 Ambulatory surgical centers
9.4 Clinics
10 Regions: Market Size and Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Rest of the World
11 Competitive Landscape
11.1 Overview
12 Vendor Profiles
12.1 Medtronic Plc
12.1.1 Overview
12.1.2 Business Units
12.1.3 Geographic Presence
12.1.4 Business Focus
12.1.5 SWOT Analysis
12.1.6 Business Strategies
12.2 Johnson & Johnson
12.2.1 Overview
12.2.2 Business Units
12.2.3 Geographic Revenue
12.2.4 Business Focus
12.2.5 SWOT Analysis
12.2.6 Business Strategies
12.3 CONMED CORPORATION
12.3.1 Overview
12.3.2 Geographic Presence
12.3.3 Business Focus
12.3.4 SWOT Analysis
12.3.5 Business Strategy
12.4 B. Braun Melsungen AG
12.4.1 Overview
12.4.2 Business Focus
12.4.3 SWOT Analysis
12.4.4 Business Strategy
12.5 Grena Ltd
12.5.1 Overview
12.5.2 Business focus
12.5.3 SWOT analysis
12.5.4 Business Strategy
13 Companies to Watch For
13.1 Purple surgical UK Ltd
13.1.1 Overview
13.2 Meril Life Sciences Pvt Ltd
13.2.1 Overview
13.3 3M
13.3.1 Overview
13.3.2 3M: Recent Developments
13.4 Smith & Nephew, Inc.
13.4.1 Overview
13.4.2 Smith & Nephew, Inc.: Recent Developments
13.5 Stryker Corp.
13.5.1 Overview
13.5.2 STRYKER CORP.: Recent Developments
13.6 Frankenman International
13.6.1 Overview
13.6.2 FRANKENMAN INTERNATIONAL: Recent Developments
14 Annexure
14.1 Abbreviations
Tables
Table 1 Global Surgical Stapling Market Revenue By Regions, 2017–2024 ($Million)
Table 2 Other Prominent Vendors Of Surgical Stapling Market
Table 3 Medtronic Plc: Offerings
Table 4 Medtronic Plc: Recent Developments
Table 5 Johnson & Johnson: Product Offerings
Table 6 Johnson & Johnson: Recent Developments
Table 7 Conmed Corporation: Recent Developments
Table 8 Conmed Corporation: Recent Developments
Table 9 B. Braun Melsungen AG.: Product Offerings
Table 10 B. B. Braun Melsungen AG: Recent Developments
Table 11 Grena Ltd: Product Offerings
Table 12 Grena Ltd: Recent Developments
Table 1 Purple Surgical UK Ltd: Snapshot
Table 2 Purple Surgical UK Ltd: Recent Developments
Table 3 Meril Life Sciences Pvt Ltd: Snapshot
Table 4 Meril Life Sciences Pvt Ltd: Recent Developments
Table 5 3M: Snapshot
Table 6 Smith & Nephew, Inc.: Snapshot
Table 7 Stryker Corp: Snapshot
Table 8 Frankenman International: Snapshot
Charts
Chart 1 Global Medical Devices Market Segmentation
Chart 2 Research Methodology Of Global Surgical Stapling Market
Chart 3 Global Surgical Stapling Market Revenue, 2017–2024 ($Million)
Chart 4 Segmentation Of Global Surgical Stapling Market
Chart 5 Pest Analysis Of Global Surgical Stapling Market
Chart 6 Porter 5 Forces On Global Surgical Stapling Market
Chart 7 DRO – Impact Analysis Of Global Surgical Stapling Market
Chart 8 Key Stakeholders
Chart 9 Global Surgical Stapling Market By Product Segmentation, 2017 (%)
Chart 10 Global Surgical Stapling Market By Product Segmentation, 2024 (%)
Chart 11 Global Manual Staplers Market Forecast, 2017–2024 ($Million)
Chart 12 Global Powered Staplers Market Forecast, 2017–2024 ($Million)
Chart 13 Global Surgical Stapling Market By Type Segmentation, 2017 (%)
Chart 14 Global Surgical Stapling Market By Type Segmentation, 2024 (%)
Chart 15 Global Disposable Staplers Market Forecast, 2017–2024 ($Million)
Chart 16 Global Reusable Staplers Market Forecast, 2017–2024 ($Million)
Chart 17 Global Surgical Stapling Market By Application Segmentation, 2017 (%)
Chart 18 Global Surgical Stapling Market By End-Users Segmentation, 2017 (%)
Chart 19 Global Surgical Stapling Market By Geographical Segmentation, 2017 (%)
Chart 20 Surgical Stapling Market Revenue In North America, 2017–2024 ($Million)
Chart 21 Surgical Stapling Market Revenue In Europe, 2017–2024 ($Million)
Chart 22 Surgial Stapling Market Revenue In Asia Pacific, 2017–2024 ($Million)
Chart 23 Surgical Stapling Market Revenue In Rest Of The World, 2017–2024 ($Million)
Chart 24 Medtronic Plc: Overview Snapshot
Chart 25 Medtronic Plc: Business Units
Chart 26 Medtronic Plc: Geographic Presence
Chart 27 Medtronic Plc: Swot Analysis
Chart 28 Johnson & Johnson: Overview Snapshot
Chart 29 Johnson & Johnson: Business Units
Chart 30 Johnson & Johnson: Geographic Revenue
Chart 31 Johnson & Johnson: Swot Analysis
Chart 32 Conmed Corporation: Overview Snapshot
Chart 33 Conmed Corporation: Geographic Presence
Chart 34 Conmed Corporation: Swot Analysis
Chart 35 B. Braun Melsungen AG: Swot Analysis
Chart 36 Grena Ltd: Swot Analysis
Companies Mentioned
- 3M
- B. Braun Melsungen AG
- CONMED Corporation
- Frankenman International
- Grena Ltd
- Johnson and Johnson
- Medtronic Plc
- Meril Life Sciences Pvt. Ltd
- Purple Surgical UK Ltd
- Stryker Corp
