Surgical Stapling Devices Market

Surgical Stapling Devices Market: APEJ, Western Europe, & North America in a Cutthroat Competition to Record the Highest CAGR Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment 2016-2026

  • 2017-03-02
  • REP-GB-867
  • 195 pages
  • PDF PPT EXCEL
 Surgical Stapling Devices Market

An Incisive, In-depth Analysis on the Surgical Stapling Devices Market

This study offers a comprehensive, 360 degree analysis on the Surgical Stapling Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Surgical Stapling Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Two U.S. based companies are likely to dominate the global surgical stapling devices market in terms of market share

In 2015, two leading U.S based companies Johnson and Johnson and Medtronic plc held around 80% share of the global surgical stapling devices market. Although the global surgical stapling devices market is not very niche, other vendors are scattered and focus only on certain countries for the expansion of their business. For instance, vendors in the global surgical stapling devices market are focussing on India and a few other countries in the Asia Pacific region except China and Japan to explore hitherto untapped markets for expanding their business. One such vendor is India based surgical stapling devices company Meril Life Sciences Pvt. Ltd., which exports around 90% of its surgical stapling devices along with its other products to the MEA region.

Rising prevalence of obesity and a geriatric population requiring surgical procedures anticipated to fuel the growth of the global surgical stapling devices market

A sedentary lifestyle leads to higher BMI, as a result, a large number of people are opting for bariatric surgeries. This is a major factor driving adoption of surgical stapling devices over conventional suturing. The increasing prevalence of obesity drives the incidence of bariatric surgeries. Moreover, healthcare professionals, especially in developed regions, are increasingly inclined towards the adoption of surgical stapling devices for bariatric surgeries, which is creating a positive impact on the global surgical stapling devices market. Another factor driving the growth of the global surgical stapling devices market is an increasing geriatric population across the globe. This population is expected to drive demand for surgical stapling devices due to increasing number of surgeries performed for the prevention of various diseases related to old age. 

Surgical stapling devices are preferred over conventional suturing devices during laparoscopic surgeries, as suturing becomes difficult when a surgeon is operating on the 3-dimensional plane while concentrating on the 2-dimensional plane. Surgeons get the required accuracy and precision while operating with surgical stapling devices. This factor is fuelling the growth of the global surgical stapling devices market. Besides, reusable surgical stapling devices are preferred by the procurement team of hospitals as it labelled under the category of “green products”, resulting in considerably less impact on the environment, compared to plastic single-use disposable surgical stapling devices. These products can be easily cleaned and sterilised by standard hospital processes, commonly used for all other stainless steel surgical instruments, thereby creating robust development in the global surgical stapling devices market. Though suturing is considered to be a gold standard in wound closures, stapling devices yield similar and comparable results involving less time to complete the process. Hence the use of stapling devices yields similar results to that of the suturing process with less time required to heal the wound. 

Regional overview of the global surgical stapling devices market

The global surgical stapling devices market revenue is expected to increase at a CAGR of 7.6% over the forecast period. In terms of revenue, Powered Surgical Stapling Devices segment is projected to remain dominant among product types. This segment is expected to further gain traction, owing to increasing demand for advanced technology. The North America surgical stapling devices market accounted for the largest revenue share of a little more than 30% in 2015. Increasing geriatric population and growing demand for advanced medical technology in the U.S. present key growth opportunities for manufacturers of surgical stapling devices. The APEJ surgical stapling devices market is slated to register a CAGR of 8.6% over the forecast period due to rising healthcare awareness and demand for advanced medical technology. 

surgical stapling devices market

Remarkable development in the global surgical stapling devices market

One of the key players operating in the global surgical stapling devices market – Dextera Surgical Inc. collaborated with Intuitive Surgical in August 2016 for research and development of new robotic stapler products. The U.S. based Dextera Surgical Inc. is a core surgical stapling manufacturing company whose key product is surgical stapling devices. In September 2016, the company introduced micro cutter technology at the annual meeting of the German Society for Thoracic Surgery. This new technology will decrease the pain of cancer patients by reducing the invasiveness of lung surgery. The effectiveness of this technology does not stop here. Micro cutter technology has the potential to improve recovery time after lung surgery. In October 2016, just a month after introducing the micro cutter technology, Dextera Surgical Inc. signed an exclusive agreement with B.Braun Surgicals S.A. for the distribution of its micro cutters in Spain.

“Surgical Stapling Devices Market: Global Industry Analysis and Opportunity Assessment 2016-2026,” a recently published Future Market Insights report for the projected period of 10 years focusses on the performance of the global surgical stapling devices market. While drafting this report, our analysts have understood the need for a comprehensive study of the global surgical stapling devices market to penetrate and sustain in a price sensitive global market. According to them, the study of the market scenario will provide insights into the business opportunities. While conducting an in-depth study of this market, we found that key players in the global surgical stapling devices market are focussing on tapping the emerging markets in order to increase market share and increase the consumer base through exclusive product launches in emerging markets. New entrants are also focussing on tapping into emerging markets by introducing cost-effective surgical stapling devices. In a bid to increase their customer base, market competitors are concentrating on implementing value addition programmes. 

Our analysts have taken a deep dive into the target segments and have observed that North America represents the most lucrative market, followed by Europe and APAC. After a detailed study of the market, we have also observed that the powered surgical stapling devices segment contributes significant market share and is the fastest growing segment due to advanced technology and high demand for the product on the global front. Apart from this, insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the global surgical stapling devices market have been presented in this report.  

We have segmented the global surgical stapling devices market into six sections. They are as follows:

By Region

By End User

By Stapling Type

By Usage Type

By Indication

By Product

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA

  • Hospitals

  • Ambulatory Surgical Centres

  • Others

  • Straight

  • Curved

  • Circular

  • Disposable Surgical Stapling Devices

  • Reusable Surgical Stapling Devices

  • Skin

  • Digestive Tract

  • Blood Vessels

  • Hernia

  • Lungs

  • Others

  • Powered Surgical Stapling Devices

  • Manual Surgical Stapling Devices

Our uniqueness lies in systematic exhaustive secondary research of the market

Future Market Insights performs systematic exhaustive secondary research to analyse the required data points to arrive at the overall market numbers. We have developed a list of market players across the value chain i.e. technology developers, manufacturers, distributors, etc. We have also developed questionnaires for each node in the value chain to extract the required market information through primary research interviews. During our primary research, we have taken the help of various professional sites, while during secondary research we have followed the websites and annual reports of various companies. Our analysts have also studied company financial reports and white papers to get a fair idea of the current scenario of the global surgical stapling devices market. We have also taken inputs from some paid publications such as Factiva, GBI, Genios, Meltwater, Morningstar and Bureau Van Dijk for a detailed study of the global surgical stapling devices market. To understand key market segments in terms of their growth and performance in the global surgical stapling devices market, Future Market Insights has developed a market attractiveness index. The resulting index would help providers identify existing market opportunities. 

Structure of the report 

Our comprehensive report on the global surgical stapling devices market includes an executive summary and a market overview which consists of market introduction, taxonomy and market dynamics. Other elements such as market share analysis, market Y-o-Y growth, segment wise forecast and market attractiveness analysis have been taken into consideration while analysing the global surgical stapling devices market. The competitive landscape has been included to provide a dashboard view of key companies operating in the global surgical stapling devices market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global surgical stapling devices market and the potential players. This segment also includes market strategies and SWOT analysis of the main players operational in the global surgical stapling devices market. Detailed profiles of surgical stapling devices manufacturers are also included in the scope of the report to evaluate their long- and short-term strategies.

Surgical Stapling Devices Market Reports - Table of Contents

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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