Cutter Staplers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Cutter Staplers Market Analysis
The cutter staplers market is anticipated to witness a CAGR of nearly 8.8% during the forecast period.
The emergence of the COVID-19 pandemic had a significant effect on the world economy and the healthcare system. Due to the rising number of cases of COVID-19 in the early stages of the pandemic, all hospitals around the world canceled all elective procedures. For instance, according to an article published by the Lancet Rheumatology in February 2021, a study was conducted in the United Kingdom which showed that during the COVID-19 pandemic, many elective surgeries were postponed and there was a long waiting time for elective surgeries. The cancellation of many surgical procedures had a negative impact on the studied market. However, as the pandemic has subsided currently, the studied market is expected to have normal growth during the forecast period of the study.
Factors such as the rise in the number of surgical procedures, the increasing usage of surgical cutter staplers in minimally invasive surgery, and the introduction of technologically advanced products are expected to boost the growth of the studied market during the forecast period of the study.
The increasing number of various surgical procedures across the globe is expected to augment the growth of the studied market over the forecast period. For instance, according to an article published by the Oxford University Press in September 2022, it is estimated that there are about 310 million major surgical procedures performed each year worldwide. The source also stated that nearly 8 million surgical procedures are carried out each year in the United Kingdom. Thus, the high number of surgical procedures is expected to boost the adoption of cutter staplers.
Moreover, a steep rise in the incidences of sports-related and spinal cord injury (SCI) and accidental fracture cases resulted in surgical procedures, thus leading to more usage of cutter staplers. For instance, according to the National Spinal Cord Injury Statistical Center report in 2022, the annual incidence of traumatic spinal cord injury (SCI) in 2021 is approximately 54 cases per one million people in the United States, which equals about 18,000 new SCI cases each year.
Furthermore, according to an article published by PubMed Central in December 2022, a study was conducted where a minimally invasive surgery was carried out in older children with Hirschsprung's disease in a north African country. The complex minimally invasive surgery was carried out efficiently by using a linear cutter gastrointestinal stapler which was used to divide the aganglionic rectum. Thus, the rising usage of cutter staplers in minimally invasive surgeries is expected to enhance the market growth as well.
Hence, the aforementioned factors such as the rise in the number of surgical procedures and the rising usage of cutter staplers in minimally invasive surgeries are expected to boost the market growth. However, the risk of infections and other adverse events are expected to hinder the market growth.
Cutter Staplers Market Trends
Obstetrics and Gynecology Segment is Expected to Show Significant Growth Over the Forecast Period
Obstetrics and gynecology segment is expected to hold a significant market share due to the rising number of childbirths, the increasing cesarean section surgeries, and the increasing technological advancements in cutter staplers.
According to an article published by WHO in June 2021, cesarean section surgeries are continuing to rise globally, which accounted for more than 1 in 5 (21%) of all childbirths in 2021. This number is set to continue increasing over the coming decade, with nearly a third (29%) of all births likely to take place by cesarean section by 2030. The source also stated that the worldwide cesarean section rates have risen from around 7% to 21% in the last two decades and are projected to continue increasing over this current decade. It is also expected that by 2030 the highest rates are likely to be in Eastern Asia (63%), Latin America and the Caribbean (54%), Western Asia (50%), Northern Africa (48%) Southern Europe (47%) and Australia and New Zealand (45%). Thus, the increasing cesarean section rates are expected to boost the usage of cutter staplers during the forecast period of the study.
Furthermore, according to an article published by the National Vital Statistics Report in January 2023, a total of 3,664,292 births were registered in the United States in 2021, which increased by 1% since the previous year. The general fertility rate in the United States increased by 1% to 56.3 births per 1,000 women aged 15 to 44 in 2021. Thus, the rising number of childbirths is also expected to increase the usage of cutter staplers.
Hence, the aforementioned factors such as the rise in the number of cesarean section procedures and the rising number of childbirths are expected to boost the studied segment growth.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
North America is expected to gain the highest share of the market over the forecast period due to the increasing number of surgical procedures, the increasing healthcare expenditure, and the increasing presence of major market players in the region.
The increasing number of surgical procedures across the region is one of the major factors driving the market growth. For instance, according to the data published by CDC in July 2022, the cesarean delivery rate in the United States increased to 32.1% in the United States in 2021, from 31.8% in the previous year. The rising number of cesarean deliveries is expected to boost the usage of cutter staplers during the forecast period of the study.
Moreover, the rising healthcare spending in the region is also expected to boost market growth. For instance, according to the data published by the Canadian Institute of Health Information in November 2022, it was estimated that the total health spending in Canada would reach USD 331 billion or USD 8,563 per Canadian in 2022. It was also anticipated that health expenditure will represent 12.2% of Canada's gross domestic product (GDP) in 2022.
Thus, the aforementioned factors such as the rising number of surgeries and the increasing healthcare expenditure are likely to propel the market for cutter staplers in the region.
Cutter Staplers Industry Overview
The studied market is moderately competitive in nature. Various companies are striving to gain market share by adopting competitive strategies, such as joint ventures and research partnerships. Some key players operating in the market include Changzhou Ankang Medical Instruments, Frankenman International Ltd, Infiniti Medical, Johnson & Johnson, Locamed, Medtronic, Reach surgical, Surkonmed, Zhejiang Geyi Medical Instrument, and Touchstone International Medical Science Co. Ltd. The players are constantly involved in strategic initiatives, such as new product launch, technological advancements, regional expansion and mergers, and acquisitions, in order to enhance the penetration.
Cutter Staplers Market Leaders
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Infiniti Medical
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Johnson & Johnson
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Locamed
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Medtronic
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Reach surgical
*Disclaimer: Major Players sorted in no particular order
Cutter Staplers Market News
- In January 2023, Johnson and Johnson posted an update about the clinical trial studying the efficacy of the ECHELON contour curved cutter stapler device in colorectal procedures.
- In March 2022, Bluesail Surgical announced that the Siderlux powered endoscopic stapler developed and designed by one of its subsidiary, has been approved for marketing in China. It is used for tissue cutting and anastomosis in surgical operations.
Cutter Staplers Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Rise in Number of Surgical Procedures
- 4.2.2 Increasing Usage of Surgical Cutter Staplers in Minimally Invasive Surgery
- 4.2.3 Introduction of Technologically Advanced Products
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4.3 Market Restraints
- 4.3.1 Risk of Infections and Other Adverse Events
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Product Type
- 5.1.1 Endo Cutter Stapler
- 5.1.2 Open Cutter Stapler
- 5.1.3 Others
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5.2 By Application
- 5.2.1 Abdominal Surgery
- 5.2.2 Obstetrics and Gynecological Surgeries
- 5.2.3 Cardiac and Thoracic Surgeries
- 5.2.4 Orthopedic Surgery
- 5.2.5 Other Applications
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Changzhou Ankang Medical Instruments
- 6.1.2 Frankenman International Ltd
- 6.1.3 Infiniti Medical
- 6.1.4 Johnson & Johnson
- 6.1.5 Locamed
- 6.1.6 Medtronic
- 6.1.7 Reach surgical
- 6.1.8 Surkonmed
- 6.1.9 Zhejiang Geyi Medical Instrument
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Cutter Staplers Industry Segmentation
As per the scope of the report, a cutter stapler delivers four curvilinear rows of staples with a single cut between them, facilitating simultaneous cutting and stapling while eliminating the need for a scalpel and a bowel clamp. The Cutter Staplers Market is Segmented by Product Type (Endo Cutter Stapler, Open Cutter Stapler, and Others), Application (Abdominal Surgery, Obstetrics and Gynecological Surgeries, Cardiac and Thoracic Surgeries, Orthopedic Surgery, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (USD million) for the above segments.
| By Product Type | Endo Cutter Stapler | |
| Open Cutter Stapler | ||
| Others | ||
| By Application | Abdominal Surgery | |
| Obstetrics and Gynecological Surgeries | ||
| Cardiac and Thoracic Surgeries | ||
| Orthopedic Surgery | ||
| Other Applications | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Cutter Staplers Market Research FAQs
What is the current Cutter Staplers Market size?
The Cutter Staplers Market is projected to register a CAGR of 8.80% during the forecast period (2024-2029)
Who are the key players in Cutter Staplers Market?
Infiniti Medical , Johnson & Johnson , Locamed, Medtronic and Reach surgical are the major companies operating in the Cutter Staplers Market.
Which is the fastest growing region in Cutter Staplers Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cutter Staplers Market?
In 2024, the North America accounts for the largest market share in Cutter Staplers Market.
What years does this Cutter Staplers Market cover?
The report covers the Cutter Staplers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cutter Staplers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cutter Staplers Industry Report
Statistics for the 2024 Cutter Staplers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cutter Staplers analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
