PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419064
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419064
Cutter Stapler Market size was valued at USD 2,189.4 Million in 2022, expanding at a CAGR of 9.1% from 2023 to 2030.
Cutter staplers are medical devices used in surgical procedures to simultaneously cut and staple tissues or organs. They are primarily employed in minimally invasive surgeries, such as laparoscopic or robotic surgeries, where small incisions are made, and specialized instruments are inserted through ports in the body. These staplers are designed to precisely cut tissues and simultaneously staple them together to facilitate the closure of blood vessels or tissues, reducing the risk of bleeding and ensuring a secure closure. They come in various sizes and configurations to accommodate different types of surgeries and tissue thicknesses.
The market for cutter staplers has experienced substantial growth recently, primarily propelled by the rising adoption of minimally invasive surgical methods. Both patients and healthcare providers widely acknowledge the benefits associated with these techniques, including diminished post-operative discomfort, shorter hospital stays, quicker recovery periods, and improved aesthetic results due to smaller incisions. Consequently, there's an increasing inclination towards less invasive treatment options among patients. The evolution of surgical Application has significantly boosted the precision and effectiveness of minimally invasive procedures. Cutter staplers have adapted to cater specifically to the demands of these surgeries, offering enhanced control, reduced risk of complications, and better patient outcomes. Surgeons now have the capacity to perform a broader spectrum of procedures utilizing minimally invasive techniques, such as laparoscopic and robotic-assisted surgeries, relying on cutter staplers for tissue management and hemostasis. Furthermore, ongoing research and development in the healthcare sector contribute to the expansion of the cutter staplers market, with manufacturers consistently refining device designs, functionalities, and safety features to enhance usability and efficacy for surgeons.
The Global Cutter Stapler Market is segmented on the basis of Product Type, Application, Usage, End User, and Region.
The market is divided into three categories based on Product Type: endo cutter staplers, open cutter staplers, and others. Endo cutter staplers held the largest market share in 2023. The factors contributing to the growth of endo cutter staplers include lower risks of complications like tissue leakage and bleeding, continuous technological advancements, and affordability. Currently, endo staplers are widely utilized in gastrointestinal, thoracic, gynecological, and pediatric procedures for creating resections, anastomoses, and transactions. Ongoing technological advancements, safety enhancements, and surgeon training further fuel their increasing adoption, solidifying their market position.
The market is divided into five categories based on Application: abdominal surgery, obstetrics and gynecological surgeries, cardiac and thoracic surgeries, orthopedic surgery, and others. In 2023, the obstetrics and gynecology surgery segment held the largest market share. This dominance is attributed to the rising number of births, cesarean section operations, and technological advancements in cutter staplers. According to data from the World Health Organization (WHO) in 2021, the global rate of cesarean sections has escalated, accounting for more than one in five (21%) deliveries. Projections indicate a further increase in cesarean deliveries, with nearly a third (29%) of all newborns anticipated to be delivered via cesarean section by 2030.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
The analyzed market exhibits a moderate level of competitiveness, with multiple companies striving to augment their market shares through the adoption of competitive strategies like joint ventures and research collaborations. Among the key players in this market are Frankenman International Ltd, Infiniti Medical, Changzhou Ankang Medical Instruments, Locamed, Medtronic, Johnson & Johnson, Reach Surgical, Zhejiang Geyi Medical Instrument, Surkonmed, and Touchstone International Medical Science Co. Ltd. These entities consistently engage in strategic endeavors such as launching new products, technological advancements, expanding into different regions, and executing mergers and acquisitions, all aimed at bolstering their market presence.
In February 2023, OSSIO, Inc. unveiled the OSSIOfiber Compression Staple, marking the fifth addition to OSSIO's product line. This innovation enables surgeons to transition to more robust, bio-integrative compression solutions, reflecting the company's commitment to advancing surgical practices.
The scope of this report covers the market by its major segments, which include as follows: