Reusable Surgical Staplers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
- Surgical Equipment
Surgical staplers are referred as medical devices used in surgical procedures to seal or close a wound or incised portion of the body. These are specialized instruments that can be used to close both internal as well as external wounds. Reusable staplers are revolutionary instruments invented to replace conventional sutures that were used for wound closure and are still considered as the gold standard. Surgical staplers are used to close wounds in several surgical procedures such as abdominal surgeries, thoracic surgeries, and laparoscopic surgeries, and gaining acceptance over conventional sutures. Reusable surgical stapling devices can be used on multiple patients after sterilization. A reusable surgical stapling device is made of stainless steel. It is fitted with disposable cartridges and a stapler that can be sterilized multiple times after use, allowing it to be used on multiple patients.
Increase in geriatric population across the globe is expected to drive demand for surgical stapling devices due to rise in prevalence of diseases among this population, and consequently, the number of surgeries performed. Certain research-oriented companies such as Medtronic plc and Ethicon (a Johnson & Johnson company) are working on reusable stapling devices with absorbable staplers. Introduction of stapling devices with absorbable staplers is expected to boost the global reusable surgical stapling market during the forecast period. As research proceeds and the patents with the stapling devices are expiring, the many local players are participating the local as well as global surgical stapling devices market. For instance, companies such as Meril Life Sciences Pvt. Ltd., Lotus Surgicals Private Limited, Changzhou Medical Bioengineering Co., Ltd., and Changzhou Haiers Medical Devices Co., Ltd. are the major local players in Asia. Out of these companies Meril life Sciences and Changzhou Medical Bioengineering Co., Ltd. has started penetrating the Middle East and African market with strong market penetration. The cost of reusable surgical stapling devices ranges from US$ 75 to US$ 300, nearly thrice the cost of high grade suturing materials currently available in the market. Hence, high cost of reusable surgical stapling devices is likely to hinder the growth of the market in terms of sales revenue during the forecast period.
The global reusable surgical staplers market can be segmented based on type, application, end-user, and region. In terms of type, the market can be categorized into manual and powered reusable staplers. Powered surgical reusable staplers is the largest segment due to ease of use and advanced technology in comparison with manual reusable staplers. Based on application, the global reusable surgical staplers market can be classified into abdominal surgeries, thoracic surgeries, gynecology, and others. In terms of end-user, the market can be divided into hospitals, specialty clinics, and ambulatory surgical procedures.
In terms of region, the global reusable surgical staplers market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to hold major share of the global reusable surgical staplers market during the forecast period owing to presence of major medical device manufacturers in the region, large patient population, and increase in technological developments. The market in Asia Pacific is expected to expand at a higher growth rate during the forecast period. Increase in health care spending and improving health care infrastructure in the region are expected to drive the reusable surgical staplers market during the forecast period. Rise in the number of surgical procedures for chronic diseases, surge in medical tourism, and proactive educational campaigns to spread awareness among patients and health care professionals propel the global reusable surgical staplers market.
Key players operating in the global reusable surgical staplers market are Johnson & Johnson Services, Inc., Medtronic plc, Frankenman International Ltd., Victor Medical Instruments Co., Ltd., and Purple Surgical International Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Surgical Equipment
Medical DevicesNebulizers-Medical Devices Pipeline Product Landscape, 2021