Surgical Stapling Products Global Market Report 2024

The surgical stapling products market has grown strongly in recent years. It will grow from $4.23 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The expansion in the historic period can be credited to the efficiency in data collection, a surge in demand for surveillance and monitoring, increased adoption in agriculture, and growth in the construction and infrastructure sectors, along with advancements in emergency response and disaster management.

The surgical stapling products market is expected to see strong growth in the next few years. It will grow to $6.17 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The expansion in the forecast period can be credited to increased integration in logistics and delivery, advancements in environmental monitoring, an expanded role in public safety, the evolution of precision agriculture, and innovation in entertainment and media. Major trends in the forecast period include the development of autonomous drone operations, integration with artificial intelligence (AI) and analytics, the expansion of drone services in public safety, the development of regulatory frameworks, and customization for industry-specific applications.

The increasing number of surgical procedures is anticipated to drive the growth of the surgical stapling products market. Surgical procedures are employed to address damaged tissues affecting an individual's health and quality of life or to repair existing damage to the body. Surgical stapling products facilitate the expansion of surgical operations by providing surgeons with a tool to manage a broad range of tissues and applications with exceptional clinical efficacy. For example, in April 2022, The Aesthetic Society, a US-based organization of the most advanced board-certified aesthetic plastic surgeons, reported a 54% increase in surgical procedures in 2021 compared to previous years. Hence, the growing number of surgical procedures propels the growth of the surgical stapling products market.

The increasing prevalence of chronic diseases is poised to drive the growth of the surgical staple products market. Chronic diseases are long-term health conditions that typically progress slowly and persist over an extended period. With the rise in the incidence of chronic diseases, there is an escalating demand for surgical interventions, including procedures involving the use of staples for wound closure and tissue approximation. For instance, in January 2023, according to the National Library of Medicine, a US-based agency, the number of people in the US aged 50 and older with at least one chronic condition is projected to increase to 142.66 million by 2050. Therefore, the increasing prevalence of chronic diseases propels the growth of the surgical staple products market.

Product innovations stand out as a key trend gaining traction in the surgical stapling products market. Companies within the market are embracing new technologies to maintain their competitive positions. For example, in April 2021, Ethicon, a US-based company specializing in the manufacture of surgical sutures and wound closure, introduced the ECHELON 3000 Stapler - a digitally enabled device providing surgeons with simple, one-handed powered articulation. Building upon the ECHELON™+ Stapler with GST reloads, the ECHELON 3000 enhances staple line security and reduces leakage pathways at the staple line.

Major companies in the surgical staple products market are concentrating on innovative technologies such as robotic-assisted surgical staplers to fortify their market positions. A robotic-assisted surgical stapler is a specialized medical device incorporating robotic technology to aid surgeons in stapling and closing tissues during various surgical procedures. For instance, in June 2021, Intuitive India, the Indian arm of Intuitive, a technology leader in minimally invasive care and a pioneer of robotic-assisted surgery, launched India's first robotic-assisted surgical stapler - SureForm. Equipped with SmartFire technology, SureForm allows surgeons to control the stapler through the da Vinci surgeon console, establishing an immediate link between clinical decision-making and instrument action. With 1,000+ measurements per second, SmartFire automatically adjusts the firing process during stapler formation and tissue transection.

In September 2022, Teleflex Incorporated, a US-based medical device manufacturer, acquired Standard Bariatrics Inc. for $170 million. This acquisition aims to commercialize an innovative powered stapling technology for bariatric surgery, projecting increased sales growth and adjusted earnings per share (EPS). Standard Bariatrics Inc. is a US-based company specializing in developing clinical stapler technology and economic outcome solutions for patients undergoing bariatric/metabolic surgery.

Major companies operating in the surgical stapling products market report are 3M Company, B. Braun Melsungen AG, Conmed Corporation, Ethicon Endo-Surgery Inc., Intuitive Surgical Inc., Medtronic Cranial & Spinal Technologies, Purple Surgical Holdings Limited, Smith & Nephew plc, Stryker Corporation, Becton, Dickinson and Company, AesDex LLC, CareFusion Corporation, Covidien plc, Frankenman International Limited, Johnson & Johnson Services Inc., Meril Life Science Pvt. Ltd., Touchstone International Medical Science Co. Ltd., Zimmer Holdings Inc., CooperSurgical Inc., Teleflex Inc., Reach Surgical Inc., Medline Industries Inc., Grena Think Medical, Dextera Surgical Inc., EndoEvolution LLC, DePuy Synthes Companies, Aesculap, Applied Medical.

North America was the largest region in the surgical stapling products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global surgical stapling products market report during the forecast period. The regions covered in the surgical stapling products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the surgical stapling products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of surgical staplers include linear staplers, circular staplers, skin staplers, endoscopic staplers, and others. Linear staplers are a type of surgical stapling device utilized for connecting or closing tissues in a straight line. These staplers come in both manual and powered versions and find applications in various surgical procedures such as abdominal and pelvic surgery, general surgery, cardiac and thoracic surgery, orthopedic surgery, among others. The end-users for these staplers encompass hospitals, specialty clinics, and other medical facilities.

The surgical stapling products market research report provides surgical stapling products market statistics, including surgical stapling products industry global market size, regional shares, competitors with a surgical stapling products market share, detailed surgical stapling products market segments, market trends and opportunities, and any further data you may need to thrive in the surgical stapling products industry. This surgical stapling products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The surgical stapling products market consists of sales of circular sizers, circular staplers, curved cutter staplers, end cutters, and hemorrhoidal staplers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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