Market Trends of Surgical Stapler Industry
The Orthopedic Surgery Segment Holds a Major Share in the Market
Orthopedic surgery is a specialty that deals with acute injuries, congenital and acquired disorders, and chronic arthritic or overuse conditions of the bones, joints, and their associated soft tissues, including ligaments, nerves, and muscles.
The increasing burden of orthopedic disorders is one of the major drivers for the segment. For instance, according to the research article published in March 2021 by Versus Arthritis, around 8.5 million adults in the United Kingdom were clinically diagnosed with Osteoarthritis in 2021. The same source also stated that around 3.0 million people suffered from osteoporosis in the United Kingdom in 2021, and around 500,000 fragility fractures occur yearly in the United Kingdom. Furthermore, market players focus on continuous developments and launches of novel products to gain a competitive edge. For instance, in August 2021, Fuse Medical Inc. launched the first implantations of the Fuse Orbutum Compression Staple. This was the Latest addition to Fuse's Comprehensive orthopedic portfolio of internal fixation devices for the upper and lower extremities. Similarly, in February 2023, OSSIO, Inc., an orthopedic fixation technology company, launched the new OSSIOfiber compression clip for orthopedic fixation. OSSIOfiber compression clips allow the company to provide solutions for many midfoot and hindfoot procedures, including Lapidus fusion, midfoot fusion, and procedures associated with flatfoot correction.
Thus, owing to product launches and increasing cases of orthopedic disorders, significant segment growth is expected over the forecast period.
North America is Expected to Witness Considerable Growth Over the Forecast Period
North America is expected to witness considerable growth over the forecast period. The major factors propelling the market growth in this region include a large obese population and the increasing adoption of minimally invasive procedures. For instance, according to the NCBI research study published in April 2022, the United States healthcare system moved towards value-based care, and the hospitals increased efforts to improve quality, reduce unnecessary resource use, and increase its shift towards minimally invasive surgical procedures. The article also quoted that MIS patients had shorter lengths of stay than the open approach: 1.87 days for lobectomy, 1.34 days for colon resection, 0.47 days for rectal resection, and 1.21 days for radical nephrectomy. Since surgical staplers are the most preferred option in minimally invasive surgeries to bind tissues, increasing adoption of MIS is expected to positively impact the market growth in the region.
Key product launches, high concentration of market players or manufacturer's presence, acquisition and & partnerships among major players, and product approvals in the United States are some of the factors driving the growth of the surgical staplers market in the country. For instance, in December 2021, Intuitive received Food and Drug Administration clearance for an 8mm Sureform 30 curved-Tip Stapler, a robotic stapler with 120-degree articulation and Smartfire technology. Also, the increasing incidence of disorders such as osteoarthritis in the United States is expected to increase the demand for the surgical stapler market. According to the Centers for Disease Control and Prevention report in 2021, in the United States, 24.0% of all adults, or 58.5 million people, have arthritis. Therefore, considerable market growth is expected in the country due to such factors.
