Surgical Stapler Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Surgical Stapler Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The surgical stapler market is expected to register a CAGR of 7.1% over the forecast period, 2022-2027.

The sudden outbreak of COVID-19 has had a severe impact on the surgical staple industry due to the lockdown measures across the world that have resulted in decreased public mobility and a sudden halt on surgical procedures that are non-immediate and are being postponed to decrease the burden on healthcare infrastructure. According to the article titled ' Elective surgery cancellations due to the COVID-19 pandemic: global predictive modelling to infrom surgical recovery plans' published in the British Journal of Surgery in May 2020, based on a 12-week period of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries worldwide were canceled or postponed in 2020. However, going forward, after the relaxation of lockdown restrictions, the market is expected to experience a spur.

Furthermore, the major factor attributing to the growth of the market is the increasing preference for minimally invasive procedures. Minimally invasive surgeries (MIS) are reported to cause less post-operative pain, and hence, patients receive smaller dosages of painkillers. As there are minimal cuts or stitches involved, the hospital stay is relatively shorter, and patients need not visit the hospital frequently. According to an article titled' Trends in teh Adoption of Robotic Surgery for common surgical procedures' published on JAMA Network in January 2020, with 169,404 patients in 73 hospitals, the use of robotic surgery for all general surgery procedures increased to 15.1% . Hospitals that launched robotic surgery programs had a broad and immediate increase in the use of robotic surgery, which was associated with a decrease in traditional laparoscopic minimally invasive surgery.

The technological advancements in the field of surgical staplers are another major factor driving the growth of the market studied. In the last few years, there have been revolutionary advances in the development of skin staplers. For Instance, In April 2021, Ethicon, a part of Johsnon and Johnson company launched the powered surgical stapler, theEchelon stapler with gripping surface technology reloads.

However, owing to the increased risk of infections and stringent regulations, the adoption of surgical staplers may be less among the population, and therefore, it is one of the factors expected to impede the overall growth of the market studied.

Key Market TrendsThe Orthopedic Surgery Segment Holds a Major Share in the Market

Orthopedic surgery is a specialty that deals with acute injuries, congenital and acquired disorders, and chronic arthritic or overuse conditions of the bones, joints, and their associated soft tissues, including ligaments, nerves, and muscles.

The burden of OA (osteoarthritis) is expected to increase across the world in the coming decades. The article titled ' Statistics of Osteoarthritis in the United Kingdom ' published in March 2021 mentioned that 10% of adults in the United Kingdom have been clinically diagnosed with Osteoarthritis. Also, the above-mentioned source also published that there is a peaked occurrence of Osteoarthritis between the ages of 75-79 years at which time the incidence has reached 35% among men and 47% among women.

Furthermore, market players are focusing on continuous developments and launches of novel products to gain a competitive edge in the market. For instance, in August 2021 Fuse Medical Inc launched the first implantations of the Fuse Orbutum Compression Staple. This was the Latest addition to Fuse's Comprehensive orthopedic portfolio of internal fixation devices for upper and lower extremities.

However, there will be a short-term negative impact on the segment growth, as there will be a temporary halt on surgical procedures globally due to the COVID-19 pandemic. According to the research conducted by the CovidSurg Collaborative in May 2020, a research network, orthopedic procedures will be canceled the most frequently, with 6.3 million orthopedic surgeries canceled worldwide over a 12-week period.

Thus the above mentioned factors are expected to drive the growth of the studied segment during the forecats period.

North America Dominates the Market and is Expected to do the Same in the Forecast Period

North America is expected to dominate the overall market throughout the forecast period. This is due to the large obese population and an increasing number of various surgical procedures. Various applications of surgical staplers include the areas of gynecology, abdominal surgeries, cardiothoracic and amputations, etc. The article titled 'Fingertip injuries and Amputations: A review of the literature ' published in May 2020 mentioned that as many as 45,000 finger amputations are performed in the United States per year with an incidence rate of 7.5 per 100,000 people. Such amputations are expected to drive the demand for a surgical stapler in the United States.

Additionally, product approvals are also significant driving factors that are propelling the segment growth in the region. ​In December 2021, Intuitive received Food and Drug Administration clearance for an 8mm Sureform 30 curved-Tip Stapler which is a robotic stapler with 120-degree articulation and Smartfire technology.

Also, the increasing incidence of disorders such as osteoarthritis in the United States also expected to increase the demand for surgical stapler market. According to the Centers for Disease Control and Prevention report in 2021 , in the United States, 24% of all adults, or 58.5 million people have arthritis.

Thus the above mentioned factors are expected to drive the growth of the market in this region.

Competitive Landscape

The surgical stapler market is fueled by the superior quality of surgical staplers, technological advancements, product approvals, and their applications across various fields. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known. include Medtronic PLC, Ethicon (J&J), B. Braun Melsungen AG, ConMed Corporation, and 3M Company, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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