The surgical staplers market is likely to record a substantial growth rate over the coming years due to higher product preference over sutures, rising demand for bariatric surgery in developed economies, growing demand for disposable staplers in complex chronic surgeries, and increasing investments in R&D for manufacturing technologically advanced products.
Surgical staplers are usually medical devices that might be used in place of sutures. These devices could close large incisions or wounds more rapidly, further being less painful in comparison to stitches for patients. Surgical staplers are mostly made of plastic being fully loaded with a disposable surgical staples cartridge.
The surgical staplers market is bifurcated in terms of product, technology, usability, surgery, and regional landscape.
With respect to product, the market for surgical staplers is categorized into endoscopic staplers, skin stapler, circular stapler, linear stapler, and others. Among these, in 2020, the linear staplers segment was valued at above $1,206 million and is anticipated to expand at a CAGR of more than 8.4% over the projected time period.
The growth is attributed to the wide range of applications and growing number of surgeries. The product is majorly used in lower as well as upper gastrointestinal procedures. The frequently focus surgeries for linear staplers are rectal stump closure (LAR) and bronchus stapling (lobectomy).
Based on technology, the market is divided into powered and manual. In 2020, the powered segment was valued at $2,921 million in 2020, expanding at a CAGR of 8.5% over the forthcoming time period. The increasing automation in healthcare sector coupled with several benefits offered by powered staplers will drive the growth of this segment.
With respect to usability, the surgical staplers market is classified into reusable and disposable. Among these, the disposable segment was valued at more than $2,712 million in 2020. The segment is expected to witness around 8.4% CAGR through the analysis time period. The segmental growth is majorly accredited to significant demand for disposable staplers in complex chronic surgeries.
In terms of surgery, the overall market is segmented into colorectal surgery, bariatric surgery, cardiac surgery, gynecology surgery, and others. In 2020, the bariatric surgery segment was valued at around $1,182 million and is expected to expand at a CAGR of more than 8.2% over the forthcoming time period. The use of staplers is rapidly increasing owing to consistently rising number of obese people especially in developed economies.
On the regional front, surgical staplers market in Asia Pacific was valued at more than $719 million in 2020 and is projected to witness a 10.0% CAGR over the forecast time period. The anticipated growth is ascribed to the increasing investments in R&D for manufacturing technologically advanced products coupled with high preference for surgical staplers in place of sutures.