Market Size of Cutter Staplers Industry
| 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.
