Surgical Stapler Market Size & Share Analysis

Surgical Stapler Market Analysis

The Surgical Stapler Market size is estimated at USD 4.79 billion in , and is expected to reach USD 6.04 billion by , growing at a CAGR of 4.76% during the forecast period (-).

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The outbreak of the pandemic adversely impacted the surgical stapler market initially. The cancellation and postponement of the surgical procedures declined the demand for the surgical stapler as it is one of the essential requirements of the surgery. For instance, according to the study published by the Nature Journal in June , elective surgeries were temporarily suspended several times during the COVID-19 pandemic. The same source also reported evidence suggesting a reduction in elective vascular, orthopedic, and trauma surgery. However, with the relaxation of lockdown restrictions and the resumption of surgeries, the market has started to gain traction. It is expected to continue the upward trend over the forecast period.

The increasing preference for minimally invasive procedures, technological advances like the introduction of absorbable staplers, and increasing usage of surgical staplers in bariatric surgery are the major factors propelling the market growth. Minimally invasive surgeries (MIS) are reported to cause less post-operative pain; hence, patients receive smaller painkillers. As minimal cuts or stitches are involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. In addition, due to such advantages, healthcare professionals also prefer minimally invasive procedures, so the adoption rate is increasing more rapidly. For instance, the increasing preference by patients for minimally invasive surgeries and endoscopic procedures due to the suggestions by healthcare professionals leads to higher adoption of it and thus drives the growth of the market. For instance, according to the NCBI research article published in February , in the studied population, about 57.0% of the patients preferred MIS and made their decision under the influence of the surgeons as their surgeons were more confident in MIS procedures and reported less perceived disadvantages following their surgery compared with the open surgery cohort. Such studies depict the higher acceptance among healthcare professionals and patients of MIS over traditional procedures, leading to increased demand for surgical staplers.

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Furthermore, the technological advancements in surgical staplers are another major factor driving the market's growth. There have been revolutionary advances in developing surgical staplers in the last few years. For Instance, In April , Ethicon, a part of the Johnson and Johnson company, launched the powered surgical stapler, the Echelon stapler, with gripping surface technology reloads. Similarly, in June , Intuitive India, a global technology company in minimally invasive care and a pioneer in robotic-assisted surgery (RAS), launched India's first robotic-assisted surgical stapler called SureForm, which is equipped with SmartFire technology-embedded software. Therefore, due to technological advancements, product launches, and increasing adoption of minimally invasive procedures, considerable market growth is expected over the forecast period.

However, the increased risk of infections, other adverse events, and stringent safety regulations will likely hinder the market growth over the forecast period.

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