Global Cutter Staplers Market: Overview
Cutter staplers are nothing but surgical stapling devices which are used in surgical procedures in order to seal or close the wound or the incised portion of the body. These are specialized instruments that can be used to seal or close the both internal as well as external wounds. These are the revolutionary instruments which are invented to replace the conventional sutures that were used for wound closure and are still considered as the gold standard. Surgical cutter staplers are often used in post-operative wound closure and to close skin incisions in many surgical procedures. According to the research report, the global cutter staplers market is likely to be worth US$4,368.6 mn by the end of 2025 from US$2,060.2 mn in 2016. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 8.8%.
Endo Staplers to Continue to be Popular Choice amongst Healthcare Professionals during Forecast Period
The market for cutter staplers have been broadly segmented into type, applications, use and distribution channels. By type market further segmented into endo, open and other types of staplers. Out of these, endo staplers are expected to dominate the global market in the near future. This segment will be driven by the widening application of endo staplers and the growing demand for endoscope surgeries. Currently, endo staplers are extensively used in abdominal, thoracic, gynecological, and pediatric surgeries for creation of resection, anastomosis, and transection.
On the basis of applications cutter staplers market has been segmented as abdominal surgery, thoracic surgery, gynecology, and others. The abdominal surgery segment held a leading share in the global market, accounting for nearly 53.0% of the total market in 2016. The high incidence of laparoscopic surgeries is projected to have a positive influence on the global market in the coming years.
In term of cutter staplers usage products divided into reusable and disposable. Disposable surgical stapling devices are single-patient-use devices made of plastic. They are fitted with disposable cartridges that can be used on a single patient. Disposable staplers reduce cross infection during surgical procedures. 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. Further the market has been segmented according to its end users that includes hospitals, ambulatory surgical centers, specialty clinics, others.
North America and Europe to Lead Global Cutter Staplers Market due to Technological Advancements
By geography, global cutter staplers market has been segmented into major five region, namely, North America, Europe, Asia, Latin America, and Rest of World. In 2016, North America and Europe accounted for the largest share of the global cutter staplers Market followed by Asia, Latin America, and Middle east & Africa. The U.S. dominated the cutter staplers market in North America, accounting for around 94% share in 2015. This dominance is majorly due factors such as technological advancements, extensive R&D practices and increasing healthcare awareness about the treatment and management of glucose levels are driving market growth. However, Europe is growing at slow rate while Asia is anticipated to witness the fastest CAGR during the forecast period with major contribution of countries such as India, Japan and China. New product launches, favorable regulations, ability of patients to pay for advanced technology products, and growing awareness are likely to drive the market in Asia during the forecast period.
The key players operating in the cutter staplers market are Johnson & Johnson Services, Inc., Medtronic Plc., Frankenman International Ltd., Victor Medical Instruments Co., Ltd., and Purple Surgical International Ltd. The global cutter staplers market is dominated only by few players such as Jonson & Jonson and Medtronic that operates global market.
Global Cutter Staplers Market: Overview
This report on cutter staplers market studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the manufacture, commercialization, providing cutter staplers products as well as new entrants planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. This section also provides the overall information and data analysis of the global cutter staplers market with respect to the leading market segments based on major types, applications, usage, end users, and geographies.
Global Cutter Staplers Market: Segmentation
Based on the product type, the cutter staplers market has been segmented into: endo staplers, open staplers and others. In term of applications products divided into abdominal surgery, thoracic surgery, gynecology, others. On the basis of usage type cutter staplers are categorized into disposable and reusable staplers. Each of the market segments have been extensively analyzed based on the market related factors such as increasing adoption rate worldwide, technological advancement, and growing number of use of disposable products in various geographies. Moreover, historical year-on-year growth have been taken into consideration while estimating the market size. The market size and forecast in terms of US$ million for each segment has been provided for the period from 2015 to 2025. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2025, considering 2016 as the base year.
Global Cutter Staplers Market: Drivers and Restraints
The market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the cutter staplers market and could influence the market in the near future. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition in the market across different geographies. The competitive scenario among different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their shares in the global cutter staplers market.
Global Cutter Staplers Market: Regional Segmentation
Geographically, cutter staplers market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions has been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The report also provides with market size and forecast for major countries in the respective regions. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, Porter’s five forces analysis, market strategy overview, and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global cutter staplers market.
Global Cutter Staplers Market: Competitive Landscape
The key findings section included in the report would assist existing market players in expanding their market shares, and new companies in establishing their presence in the global cutter staplers market. The report also profiles key players operating in the cutter staplers market which are Johnson & Johnson Services, Inc., Medtronic Plc., Frankenman International Ltd., Victor Medical Instruments Co., Ltd., and Purple Surgical International Ltd. The global cutter staplers market is dominated by two global vendors that accounts for around 80% share of the global market.
The global cutter staplers market is segmented as follows:
Global Cutter Staplers Market, by Type
- Endo Stapler
- Open Stapler
- Others (Curved etc.)
Global Cutter Staplers Market, by Application
- Abdominal Surgery
- Thoracic Surgery
Global Cutter Staplers Market, by Use
Global Cutter Staplers Market, by End User
- Ambulatory Surgical Centers
- Specialty Clinics
Global Cutter Staplers Market, by Geography
- North America
- Rest of the Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America (LATAM)
- Rest of LATAM
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa