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Global Circular Staplers Market Growth, Future Prospects, and Competitive Analysis, 2017- 2025

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Published: | Report ID: 7445 | Report Format : PDF

Overview:

Circular staplers have major applications in bariatric surgeries for obesity treatment, colectomy in colon cancer, and oesophageal cancer surgeries, namely esophagectomy. Circular staplers are used to carry out end-to-end anastomoses. The circular blade in the stapler automatically cuts off the excess tissues and clamps or seals the tissue ends together.

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The demand for circular staplers is observed to be on the rise owing to the steady increase in obesity and cancers such as colorectal cancer. As per the World Health Organization (WHO), 13% of the world’s population is considered obese. The American Society of Metabolic and Bariatric Surgery reports that the average number of bariatric surgeries performed each year is 1,96,000. This rise in bariatric surgeries propels the demand for circular staplers, which would provide complete sealing of the tissue ends in gastric bypass surgeries.

As per the American Cancer Society, colorectal cancer accounts for the third most commonly diagnosed cancer in the USA. Around 95,520 cases of colon cancer and 39,910 cases of rectal cancer were estimated in 2017. Colectomy is a common procedure used to treat colorectal cancer that involves removing a portion of the colon. The use of circular staplers ensures complete ligation between the ends of the intestinal tissues. The constant rise in colon cancer would fuel the demand for circular staplers and lead to their positive growth in the future.

The aforementioned prevalence, continuous change in lifestyle behavior, and rise in the geriatric population propel the growth of the circular stapler market in the current period and in the future.

Circular staplers are available on the market as either reusable or disposable devices. The reusable devices are made of stainless steel and use disposable stapler cartridges. The devices are then sterilized for use after surgery. This kind of device provides less surgical waste. The disposable stapler devices are patient-specific and are disposed of after surgical use. Because they are more cost-effective than disposable devices, reusable devices are in high demand in the circular stapler market.

The global circular stapler market is segmented as follows:

By Type

  • Reusable
  • Disposable

By Geography

  • North America
  • U.S
  • Canada

Europe

  • U.K
  • Germany

Rest of Europe

  • Asia Pacific
  • Japan
  • China
  • India

Rest of Asia Pacific

  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

Middle East and Africa

  • GCC
  • Rest of the Middle East and Africa

Global market outreach and key players:

The circular stapler market encompasses a competitive pool of many industrial pioneers. Circular staplers are globally available due to the existence of key players across various geographies. Ethicon is the major player in circular staplers encapsulating the North American market. Grena LTD. is a prominent manufacturer of circular staplers in the European market, with its headquarters placed in the United Kingdom. The provision of advanced and cutting-edge technologies in developing economies has also contributed to the growth of the circular stapler market in the Asia Pacific. The presence of manufacturers, namely Changzhou Ankang Medical Instruments, in China fuels the demand for circular staplers. Other key players include Medtronic Inc., Meril Life Sciences, Frankenman International, Purple Surgical, Reach Surgical, Victor Medical Instruments, and Surkon Medical.

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This report offers the following:

  • An overview of the global market for circular staplers
  • Market dynamics and trend analysis are provided for the duration of 2015–2025, along with historical market information for the years 2015–2016 and annual growth rates for the time scale 2017–2025.
  • A thorough market analysis and evaluation for each market segment.
  • Qualitative assessments for the circular stapler market pertaining to market drivers, restraints, and opportunities
  • comprehensive information on existing products as well as newer, more advanced upcoming products in the market
  • a summary of market leaders, with each company profile highlighting key information such as financial performance, product portfolio, market trends for their products, and general company information

Frequently Asked Questions

What is the size of Circular Staplers Market?

The market for Circular Staplers is expected to reach US$ XX in 2025.

What is the Circular Staplers Market CAGR?

The Circular Staplers market is expected to see significant CAGR growth over the coming years,at XX %.

What is the Forecast period considered for Circular Staplers Market?

The report is forecasted from 2017-2025.

What is the base year considered for Circular Staplers Market?

The base year of this report is 2016.

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