A surgical stapler is a specialized
device that can be used in surgery or in any accidental injury instead of
sutures to close skin wounds. A surgical stapler reduces time in the surgical
process and is also less painful. The growing usage of surgical stapling devices
in bariatric surgeries is one major factor driving the market globally. The
prevalence of obesity is on the rise worldwide. Physicians around the world are
implementing MI techniques for various weight-loss surgical procedures. With
advances in the R&D of surgical robotics, its application in bariatric
surgeries continues to evolve. According to the American Society for Metabolic and
Bariatric Surgery (ASMBS) estimates, around 179,000 bariatric surgeries were
performed in the Americas in 2013, of which sleeve gastrectomy accounted for
42.1%, Roux-en-Y gastric bypass shared 34.2%, gastric band 14.0%, and others
with 9.7%. Many individuals with obesity prefer laparoscopic procedures such as
liposuction for weight loss. Most of the surgical staplers are used in the
closing of bariatric surgeries. Some products include ECHELON FLEX Powered Plus
Stapler by Ethicon, MicroCutter 5/80 by Dextera Surgical, Endo GIA Ultra
Universal Staplers, and Reloads by Medtronic. These surgical staplers are
advanced with newer technologies and guide surgeons to complete the staple line
in an optimal way.
Infinium Global Research’s recent
report on the Global Surgical Stapling Devices Market (By Usage Type -
Disposable, and Reusable; Product Type - Manual Surgical Stapling Devices, and
Powered Surgical Stapling Devices; Applications - Abdominal Surgery, Obstetrics
and Gynecological Surgeries, Cardiac and Thoracic Surgery, Orthopedic Surgery,
and Others; End User - Hospitals, and ASCs): Global Industry Analysis, Trends,
Size, Share and Forecasts up to 2026” provides a comprehensive outline of the
factors responsible for the growth of the market.
https://www.infiniumglobalresearch.com/reports/sample-request/981
The hospitals segment is likely to
dominate the Surgical
Stapling Device Market due to the higher implementation of surgical
devices in the healthcare facility provider. The hospital segment is projected
to grow at a faster rate in the upcoming years due to higher adoption of the
product in emerging countries. A major trend in hospitals suggests a shift
towards clinical efficiency models, which comprise the advent of robotic
technology in surgery. Robotic surgeries develop the consequence of minimally
invasive surgeries. Furthermore, the hospital segment is poised to retain its
dominance over the forecast period due to favorable reimbursement scenario for
bariatric surgeries.
North America holds the largest market
share (about 32.17% in 2019) in the global surgical stapling devices market by
region. The market in North America is expected to experience high growth
because of the increasing incidence of gastrointestinal disorders and chronic
diseases such as colon cancer, rectal cancer, and severe abdominal diseases.
Another reason for the high growth is the rapid shift from inpatient surgical
therapy to outpatient surgical procedures with technologically advanced devices
offered by leading vendors in the market. This will propel the demand for
surgical procedures in the region. The U.S. generated the highest revenue by
country in the North America surgical stapling devices market. From 2010 to
2018, the total number of surgeries in community hospitals in the US increased
by around 19%. The US was the first country to witness a surgery performed with
single-use surgical stapling devices. According to a CDC report, trauma injury
accounts for 30% of deaths in the US. Every year trauma accounts for over 41
million emergency department visits and over 2.3 million hospital admissions in
the region each year. Furthermore, APAC is the fastest-growing region in the
global surgical stapling devices market due to the large patient pool requiring MI
and other general surgeries. APAC presents significant opportunities for
vendors to expand their position in the market.
Some of the significant vendors in the
global surgical stapling devices market are The Dow Chemical Company, BASF,
Ashland Global Specialty Chemicals Inc., Roquette, Evonik Industries, Archer
Daniels Midland, and many others. Though the increasing demand for functional
excipients will provide immense growth opportunities, the loss of patents and
patent expiry will challenge the growth of the surgical stapling devices market
participants. To make the most of the opportunities, market players should
focus more on the growth prospects in the fast-growing segments, whereas
sustaining their positions in the slow-growing segments. Furthermore, new
product launches, business expansions, mergers & acquisitions, partnerships
and collaborations, and joint ventures with educational universities are the
crucial strategies adopted by most of the companies in the global surgical
stapling devices market. The requirement of innovative functional excipients in
the pharmaceutical industry will lead to innovations in the market throughout the
projection period. Due to this strategy, leading players are continuously
introducing numerous advanced excipients and modified categories of existing
excipients in the market.
https://www.infiniumglobalresearch.com/reports/enquiry/981
The effect of the COVID 19 pandemic on
the surgical stapling devices market is expected to diminish the deals of the
gadget as nations resort to consistent lockdown to control the spread of the
infection. The worldwide pandemic has caused around 33% of the populace under
lockdown, around 184 nations are affected by the COVID 19 outbreak. As of now,
as the whole medical care framework is principally centered around treating
this infection, elective medical procedures, unimportant clinical surgeries are
postponed during the 2020 COVID-19 episode. This will prompt a fall in the
number of surgeries directed in 2020, particularly in nations such as The U.S., the U.K., Italy, and Germany that are seriously hit by the COVID 19
pandemic and are the major revenue contributors to the surgical stapling devices
market, which will bring about low interest for stapling gadgets for the
underlying quarters of the monetary year 2020. Presently, the upstream
endeavors of the supply chain have not completely continued their work as transportation
restrictions still prevail. Aside from that, the apparent lack of required raw
materials for the production of surgical stapling devices has decreased the
production rate of the gadgets. For the time being, the crude material expense
may ascend somewhat, and the yield and volume is expected to fall.
Subsequently, the assembling will stay under tension until the transportation
issues are solved. Nevertheless, over the post-pandemic time frame, the market
is projected to experience stable growth as elective medical procedures will be
among the underlying areas of medical services to bounce back immediately.
