Disposable Circular Stapler Market Size, Share, Growth, and Industry Analysis, By outer Diameter (below 20 mm Diameter, 20-24 mm Diameter, 25-29 mm Diameter, 30-35 mm Diameter and above 35 mm Diameter), By Application (Hospitals, Ambulatory Surgical Centers, Nursing Homes and Others), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

REPORT OVERVIEW

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The global disposable circular stapler market size was USD 669 million in 2022. As per our research, the market is projected to touch USD 932.9 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.  The global COVID-19 pandemic has been unprecedented and staggering with the disposable circular stapler market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

A disposable circular stapler is a medical alternative to traditional manual suturing that is used in general surgery, thoracic surgery, surgical treatment of obesity and in colo-rectal surgery, to perform end-to-end, side-to-end, and side-to-side anastomoses. It is made up of many small titanium staples that are arranged in two circles (or rows) at regular intervals on a specially designed instrument. The stapler places a circular, double staggered row of titanium staples when it is activated, and immediately after staple formation, the circular knife blade resects the excess tissue and creates a circular anastomosis immediately after staple formation.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 problem has had an impact on the global economy, causing a strict lockdown and a halt to day-to-day activities in every industry. With the limits imposed by the government, the panic scenario has had a negative influence on the industries. This has resulted in a market drop as well; there was a direct and indirect impact from numerous sectors producing Disposable Circular Stapler. With the revival of the market following COVID-19, we are seeing a recovery of the market where the blanks are restructured with product innovation and investments into R&D activities to develop advanced technologies to meet advanced requirements, which will project a proposed increase in the Disposable Circular Stapler market share in the forecasted period.

LATEST TRENDS

"Minimally Invasive Surgery Driving Disposable Circular Stapler Market "

A significant trend in the Disposable Circular Stapler market is the increasing adoption of minimally invasive surgical techniques. As surgical procedures continue to evolve towards less invasive approaches, there's a growing demand for surgical instruments that facilitate precise and efficient anastomosis during minimally invasive surgeries. This underscores the need for Disposable Circular Staplers, which enable surgeons to create secure and consistent circular connections in various anatomical structures and the effect of this trend is twofold: first, it drives the demand for innovative staplers designed for laparoscopic and robotic surgeries, thereby bolstering market growth; second, it contributes to improved patient outcomes through reduced postoperative complications, shorter hospital stays, and faster recovery times, aligning with the broader push for safer and more efficient surgical practices.

SEGMENTATION

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• By Outer Diameter

Based on outer diameter Disposable Circular Stapler Market is classified as below 20 mm Diameter, 20-24 mm Diameter, 25-29 mm Diameter, 30-35 mm Diameter and above 35 mm Diameter.

• By application

Based on application Disposable Circular Stapler Market is classified as Hospitals, Ambulatory Surgical Centers, Nursing Homes and Others.

DRIVING FACTOR

"Increasing Demand for Minimally Invasive Procedures"

One of the primary driving factors in the Disposable Circular Stapler market is the growing demand for minimally invasive surgical procedures. As patients and healthcare providers recognize the benefits of minimally invasive techniques—such as reduced postoperative pain, quicker recovery times, and shorter hospital stays—there is an increasing preference for these approaches. This trend creates the desire to minimize trauma to the body and enhance patient comfort during and after surgery. As a result, there's a heightened need for Disposable Circular Staplers that facilitate precise circular anastomosis in minimally invasive settings, creating a surge in demand for staplers designed for laparoscopic and robotic surgeries, driving market growth and innovation.

"Advancements in Surgical Techniques and Stapler Design Propelling the Market"

Another major driving force in the Disposable Circular Stapler market is the continuous advancement of surgical techniques and stapler design. Surgeons are increasingly seeking tools that offer enhanced precision, reliability, and safety during complex procedures. This trend is the ongoing pursuit of improving patient outcomes and reducing postoperative complications. As surgical knowledge and technology evolve, there's a need for staplers that accommodate various tissue types, ensure consistent anastomosis, and minimize the risk of leaks. Manufacturers are responding by developing staplers with ergonomic designs, innovative mechanisms, and enhanced control features, leading the dynamic market where state-of-the-art Disposable Circular Staplers play a pivotal role in modern surgical practices.

RESTRAINNG FACTORS

"Regulatory Compliance Challenges "

A significant restraining factor in the Disposable Circular Stapler market is the complex landscape of regulatory compliance. This challenge lies in the strict regulations governing medical devices and surgical instruments, including Disposable Circular Staplers. Obtaining regulatory approvals and ensuring compliance with various standards and guidelines can be a time-consuming and resource-intensive process. This often leads to delays in introducing new products to the market or making updates to existing ones. This result in creating hurdles that manufacturers faces in navigating regulatory requirements, which can impact the pace of innovation and market expansion. These challenges may also affect the availability of advanced staplers, ultimately influencing the growth of the market.

REGIONAL INSIGHT

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"North-America Expected to Hold Major Share of Disposable Circular Stapler market"

Based on region, the global Disposable Circular Stapler market is classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa, where North-America is dominating the global market and is expected to dominate during the forecast. The U.S., which houses a large number of hospitals, and also has technologically advanced healthcare facilities, including centers such as Mayo Clinic in the Midwest and Cleveland Clinic near northeast Ohio will have an increased demand for disposable circular staplers. The adoption rate of minimally invasive surgeries in Europe is even higher than in North America due to the lower cost associated with these procedures compared to open surgery counterparts.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The Disposable Circular Stapler market is extremely competitive and consists of various global and regional players. Global market is majorly driven by the top manufacturers, which holds higher share of the market. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is an extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of market players Profiled:

• Johnson & Johnson (U.S.)
• Medtronic (U.S.)
• Grena (Poland)
• Welfare Medical (Taiwan)
• Avental (Brazil)
• EVOMED (China)
• Panther Healthcare Medical Equipment Co (China)
• Frankenman (Boston Scientific) (U.S.)
• Touchstone (China)
• Reach (Genesis Medtech) (China)
• Ningbo David (China)
• Victor Medical Instruments Co (China)
• XNY Medical (China)
• Lepu Medical (China)
• Waston (China)
• Changzhou Haiers (China)
• Changzhou Ankang (China)
• Ezisurg Medical (China)
• Fengh Medical (China)
• Zhejiang Geyi Medical Instrument Co. (China)

REPORT COVERAGE:

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.