Circular Staplers Market Scope
Circular staplers are the medical care device, designed to stimulate healing and tissue control. The major application of circular staplers include Surgeries such as bariatric surgeries, thoracic surgery, gastrointestinal surgery, and urological surgery. An increasing number of people who are suffering from cancer and increasing obese population across the globe have been boosting the overall growth of the market. Additionally, increasing bariatric surgeries for obesity treatment and oesophageal cancer surgeries have been supplementing the growth of the market. However, high cost associated with the reusable circular stapler and powered surgical staplers, lack of skilled workforce and high R&D cost associated with circular staplers are the factors responsible for hampering the growth of the market. Moreover, increasing government initiatives for developing healthcare infrastructure may create a better opportunity in the operating market.
According to AMA, the Global Circular Staplers market is expected to see growth rate of 6.65%The global market for Circular Staplers is consolidated. Companies are expected to provide a significant number of quality products, and highly influence the growth of the Circular Staplers market during the forecast period. Leading players in the Circular Staplers market are responding to the trend by introducing attractive designs that suit well the evolving requirements of the consumers.The Players having a strong hold in the market are Medtronic, Ethicon, Meril Life Sciences Pvt. Ltd, Frankenman International Limited, Purple Surgical. Research Analyst at AMA estimates that United States and Asian Players will contribute to the maximum growth of Global Circular Staplers market throughout the predicted period.
Medtronic (Ireland), Ethicon Endo-Surgery (United States), Meril Life Sciences Pvt. Ltd (India), Frankenman International Limited (Hong Kong), Purple Surgical (United Kingdom), Victor Medical Instruments (China), Changzhou Ankang Medical Instruments (China), SURKON MEDICAL CO., LTD (China) and Grena Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Evolution of Medicine (United States) and Ethicon US, LLC (United States).
Segmentation Overview
The study have segmented the market of Global Circular Staplers market and Region with country level break-up.
On the basis of geography, the market of Circular Staplers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Trend for Novel Powered Circular Stapler for Creating Secure Anastomoses
Market Growth Drivers:
Increasing Bariatric Surgeries for Obesity Treatment as Growing Obese Population across the World and Increasing Demand due to Increasing the Number of Oesophageal Cancer Surgeries
Challenges:
Lack of Skilled Workforce and High R&D Cost associated with Circular Staplers
Restraints:
Intense Competition among Established Players and High Cost Associated with Reusable Circular Stapler and Powered Surgical Staplers
Opportunities:
Increasing Government Initiatives for Developing Healthcare Infrastructure and Increasing Number of People Suffering from Colorectal Cancer
Market Leaders and their Expansionary Development Strategies
On May 2019, Ethicon had recalled its circular staplers as The Food and Drug Administration (FDA) has identified, the use of Ethicon’s circular staplers can cause serious injuries or death. The recalled product code including CDH21A, CDH25A, CDH29A, CDH33A, ECS21A, ECS25A, ECS29A and others.
"According to US Food & Drug, EEA'M circular stapler with Tri-Staple has Evidence of safety and effectiveness in support of substantial equivalence was obtained from design verification and validation testing. The design differences were found to not affect safety or performance through applicable design verification activities that demonstrated conformance to applicable technical design specifications and performance requirements, applicable medical device performance standards, and another non-clinical testing."
Key Target Audience
Circular Staplers Manufacturers, Circular Staplers Distributors and Suppliers, Raw Material Suppliers, Private Research Organizations, Potential Investors, Government Associations and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.