The demand for surgical stapling devices is escalating atpresent because of the increasing number of surgical procedures across theglobe. For instance, according to the data published by the Global Surgery Foundation in the year 2021, there are approximately 30% of global disorders caused by indications that can be treated by surgery.
In addition, as per the 2019 statistics revealed by theAustralian Institute of Health and Welfare, about 24% (2.7million) of the hospital admissions in the country involved electivesurgery in the year 2017-2018.
Moreover, advantages of staplers such as minimal tissuereaction, reduced risk of infection, and strong wound closure, less tissuestrangulation than sutures, among others are also expected to raise the demand for the device during surgery.
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Additionally, the recent launch of surgical staplers withadvanced 3D stapling technology for various surgeries is also projected tocontribute to the global market growth of surgical staplers. For instance, in September 2019, Ethicon, a Johnson & Johnson medical devices company introduced Echelon Circular, a powered circular stapler integrated with the company’s 3D Stapling Technology and Gripping Surface Technology (GST) for colorectal, gastric and thoracic surgery.
Hence, all the above-mentioned factors will contribute tothe surgical staplers market during the forecasted period.
However, certain factors such as the reclassification of thedevices making the regulatory approval process stringent along with adverseevents and product issues are the factors likely to impede the surgical stapler market growth. Also, the unprecedented COVID-19 outbreak hasslowed down the global market for surgical stapling devices during the initial phases.
Nationwide lockdown, cancelled or denied elective surgeries to prevent the transmission of the infection, disruptive supply chain due to logistical restriction across the border are some of the reasons that lead to the sluggish market growth of surgical stapling devices.
According to the World Economic Forum 2020 data, approximately 38% of global cancer surgeryhas been postponed or cancelled. However, owing to the approval and administration of numerous COVID-19 vaccines across the globe in the second half of 2020, there was a significant improvement in the resumption of activities across various domains including healthcare services, thereby paving the way for a sound period of recovery for the surgical stapling devices market.
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