Circular staplers have major application in bariatric surgeries for obesity treatment, colectomy in colon cancer, and in oesophageal cancer surgeries namely esophagectomy. Circular staplers are utilised 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.
The demand for circular staplers is observed to be on a rise owing to the steady increase in obesity and cancer such as colorectal cancer. As per the World Health Organization (WHO) 13% of the world population are accounted to be obese. According to the American Society of Metabolic and Bariatric Surgery, the average bariatric surgeries performed yearly accounts to 1, 96,000. This rise in bariatric surgeries propels the demand for circular staplers which would provide complete sealing of the tissue ends in the gastric bypass surgeries.
As per the American Cancer Society colorectal cancer accounts for the third most commonly diagnosed cancers in the USA. Around 95,520 cases of colon cancer and 39,910 cases of rectal cancer were estimated in the year 2017. Colectomy is the common surgery performed in cases of colorectal cancers wherein an extent of the colon is removed. 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 its positive growth in the future.
The aforementioned prevalence’s, continuous change is lifestyle behaviour and rise in geriatric population propels the growth of circular staplers market in the current period and in the future.
Circular staplers are available in the market either as reusable devices or disposable devices. The reusable devices are made of stainless steel and uses disposable stapler cartridges. The devices is then sterilised post-surgical use. This kind of devices provides lesser surgical waste. The disposable stapler device are patient specific and are disposed of after a surgical use. The reusable devices are predominant in demand in the circular stapler market owing to its higher cost-efficiency in comparison to the disposable device.
The Global Circular Stapler Market is segmented as follows:
- By Type
- By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Rest of 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 with existence of key players across various geographies. Ethicon is the major key 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 at United Kingdom. Circular stapler market growth has also had contribution from Asia Pacific with provision of advanced and latest technologies in the developing economies. 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.
This report offers:
- An overview of the global circular staplers market
- Market dynamics and trend analysis for the duration 2015-2025, along with historical market information for the year 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.
- A comprehensive information regarding the existing products and newer advanced upcoming products in the market.
- An overview of market leaders with each company profiles underlining key information such as financial performance, product portfolio, market trends of their products and general company information.