Surgical staplers are specialized medical devices used in surgeries in place of sutures to connect or remove parts of the lungs or the bowels to close skin wounds. Surgical staplers is a recent development. Physicians had been using clips for special applications, which did not require any stapler to penetrate, until the 1990s. The stapling technology has several advantages over the traditional suturing technology such as higher accuracy, consistency, and less time required as compared to suturing by hand. Staplers are more frequently used in surgeries on the lungs and the bowel, as stapler lines are more accurate and consistent, which leads to less chances of leakage of the bowel contents or blood. Endo staplers are largely used in laparoscopic and endoscopic surgeries. They are also used in thoracic, abdominal, pediatric, and gynecological surgeries for creation of anastomosis, resection, and transection. A disposable endo cutter stapler consists of two, triple-staggered rows of staples made of titanium, which can simultaneously break a tissue into two parts. The stapler size is determined by selecting different sizes of single cartridge viz. 2.5 mm, 3.5 mm, and 4.8 mm.
The global endo cutter staplers market is expected to expand substantially during the forecast period, due to surging demand for minimally invasive procedures. According to Ethicon US, LLC, approximately 2 million minimally invasive procedures were performed in the U.S. in 2015 and the number is likely to increase in the near future. In addition, increase in the preference for surgical staplers over surgical sutures, improvement in health care facilities, technological innovations, and rise in adoption of stapling devices in robot-assisted surgeries are projected to augment the market during the forecast period. However, functional failure during stapling and increase in the demand for advanced wound closure materials are estimated to hamper the market during the forecast period.
The endo cutter staplers market has been segmented based on application, end-user, and region. Based on application, the market has been divided into abdominal surgery, thoracic surgery, gynaecology, pediatric surgery, and others. Based on end-user, the market has been segmented into hospitals, ambulatory surgical centers, and others.
Geographically, the global cutter staplers market has been segregated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each regional market has been sub-divided into specific countries. North America dominates the global endo cutter staplers market, due to growing geriatric population and increasing demand for advanced medical technologies in the U.S. Asia Pacific is likely to be a highly attractive market during the forecast period, due to rising health care awareness and increasing demand for advanced medical technologies in the region.
Key players operating in the global cutter staplers market are Ethicon Inc. and Medtronic plc. Other prominent players in the market are Victor Medical Instruments Co., Ltd., Golden Stapler Surgical Co. Ltd, Dextera Surgical Inc., Smith & Nephew, Meril Life Science Pvt. Ltd., Frankenman International, and Becton, Dickinson and Company. In order to gain competitive advantage in the market, major players are actively adopting different growth strategies. Collaborations, partnerships, agreements, and new product launches are some of these key strategies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.