Global Surgical Stapling Products Market Size 2024, Forecast To 2033
6 Mar, 2024
The surgical stapling products market has demonstrated strong growth, increasing from $4.23 billion in 2023 to $4.58 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.3%. The growth observed in the historical period is attributed to cost-efficiency in data collection, an increased demand for surveillance and monitoring, the heightened adoption in agriculture, and expansions in the construction and infrastructure sectors, as well as emergency response and disaster management. Looking forward to the future, the surgical stapling products market is expected to see continued strong growth, projecting a market size of $6.17 billion in 2028, with a CAGR of 7.7%. Factors contributing to this growth in the forecast period include wider integration in logistics and delivery, advancements in environmental monitoring, an expanding role in public safety, the evolution of precision agriculture, and innovation in the entertainment and media industries. Major trends include the development of autonomous drone operations, integration with artificial intelligence (AI) and analytics, the expansion of drone services in public safety, the development of regulatory frameworks, and customization for industry-specific applications.
Global Surgical Stapling Products Market Key Driver
The surgical stapling products market is set for growth due to the increasing number of surgical procedures. Surgical procedures play a crucial role in treating damaged tissues that impact a person's health and quality of life, providing solutions to repair existing body damage. Surgical stapling products play a vital role in enhancing surgical operations, equipping surgeons with a tool to handle a diverse range of tissues and applications with exceptional clinical efficacy. In April 2022, The Aesthetic Society reported a substantial 54% increase in surgical procedures in 2021 compared to previous years. This surge in surgical procedures is a key driver for the growth of the surgical stapling products market, projecting positive market size values for 2023, 2024, and 2028.
Get A Free Sample Of The Global Surgical Stapling Products Market ReportGlobal Surgical Stapling Products Market Segments
The surgical stapling products market covered in this report is segmented –
1) By Product: Linear Staplers, Circular Staplers, Skin Staplers, Endoscopic Staplers, Others
2) By Technology: Manual, Powered
3) By Application: Abdominal And Pelvic Surgery, General Surgery, Cardiac And Thoracic Surgery, Orthopedic Surgery, Other Applications
4) By End-User: Hospitals, Specialty Clinics, Other End-Users
By Geography:The regions covered in the surgical stapling products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the surgical stapling products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global surgical stapling products market report during the forecast period. The regions covered in the surgical stapling products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Surgical Stapling Products Industry Players
3M Company, B. Braun Melsungen AG, Conmed Corporation, Ethicon Endo-Surgery Inc., Intuitive Surgical Inc., Medtronic Cranial & Spinal Technologies, Purple Surgical Holdings Limited, Smith & Nephew plc, Stryker Corporation, Becton, Dickinson and Company, AesDex LLC, CareFusion Corporation, Covidien plc, Frankenman International Limited, Johnson & Johnson Services Inc., Meril Life Science Pvt. Ltd., Touchstone International Medical Science Co. Ltd., Zimmer Holdings Inc., CooperSurgical Inc., Teleflex Inc., Reach Surgical Inc., Medline Industries Inc., Grena Think Medical, Dextera Surgical Inc., EndoEvolution LLC, DePuy Synthes Companies, Aesculap, Applied Medical
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Surgical Stapling Products Market Overview
Surgical stapling products are specifically designed staples that are utilized in surgery or other medical operations in place of sutures, both inside and externally, to repair wounds, and join or remove organs.
Surgical Stapling Products Global Market Report 2023 provides data on the global surgical stapling products market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The surgical stapling products market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.