The Worldwide Surgical Stapling Devices Market is Projected to reach USD 7.9 Billion by 2028, at a CAGR of 9.4%

Published Date: 31-Mar-23

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Surgical Stapling Devices Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Surgical Stapling Devices Market size is expected to reach $7.9 billion by 2028, rising at a market growth of 9.4% CAGR during the forecast period.

The Disposable segment is showcasing a CAGR of 9.8% during (2022 - 2028). This is owing to the growing worries about infectious illnesses. Many government authorities encourage the use of disposable medical equipment, such as disposable surgical staplers, and offer guidelines for limiting disease transmission. Regulatory bodies have also outlined steps to ensure that predetermined standards for sterilizing medical equipment are carefully adhered to prevent infections. The encouragement by the government and their supervision to ensure safe usage is expected to drive the segment's growth.

The Manual segment acquired maximum revenue share in the Global Surgical Stapling Devices Market by Product Type in 2021 thereby, achieving a market value of $6.1 billion by 2028. This is because of the increased demand and an increase in the number of operations. In addition, these manual products are widely available due to their cost effectiveness and they have various product offerings. Hence, such advantages given by the manual surgical staplers are predicted to propel the segment’s expansion.

The Ambulatory Surgical Centers segment has shown the growth of 10.4% during (2022 - 2028). This is due to the fact that having surgery in an ambulatory surgical facility provides several benefits, including lower prices. Patients often don't have to pay for expenses related to overnight hospital stays at an ASC. In addition, ASCs often provide a more tranquil environment than hospitals and have a quicker and more suitable treatment with lower complication rates. Hence, these factors of the ASCs are surging the segment's growth.

The North America market dominated the Global Surgical Stapling Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.9 billion by 2028. The Europe market is exhibiting a CAGR of 9.8% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 10.2% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Stryker Corporation, Medtronic PLC, BioPro, Inc., ConMed Corporation, Smith & Nephew PLC, Intuitive Surgical, Inc., Johnson & Johnson (Ethicon, Inc.), B. Braun Melsungen AG, Becton, Dickinson and Company and Meril Life Science Private Limited.

Global Surgical Stapling Devices Market Segmentation

By Type

  • Reusable
  • Disposable

By Product Type

  • Manual
  • Powered

By End-use

  • Hospitals
  • Ambulatory Surgical Centers

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Stryker Corporation
  • Medtronic PLC
  • BioPro, Inc.
  • ConMed Corporation
  • Smith & Nephew PLC
  • Intuitive Surgical, Inc.
  • Johnson & Johnson (Ethicon, Inc.)
  • B.Braun Melsungen AG
  • Becton, Dickinson and Company
  • Meril Life Science Private Limited

Unique Offerings from KBV Research

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Related Reports:

North America Surgical Stapling Devices Market size & Opportunities 2022-2028

Europe Surgical Stapling Devices Market & Growth Forecast 2022-2028

Asia Pacific Surgical Stapling Devices Market Share & Industry Outlook to 2028

LAMEA Surgical Stapling Devices Market Growth, Trends & Forecasts 2022-2028

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