The stapler market is growing rapidly


According to the data of the National Drug Administration and the stapler Industry Association, the global stapler market was US $3.38 billion in 2017 and is expected to reach US $4.78 billion in 2022, with a compound annual growth rate of 7.2%. The market sales of staplers in China increased from 3.6 billion yuan in 2014 to 10.7 billion yuan in 2019, with a compound annual growth rate of 17%, of which the sales growth rate of endoscopic staplers exceeded 30%. It can be seen that the stapler market in China is expanding year by year, and the sales volume of endoscopic stapler has exceeded that of open stapler. With the rapid development of minimally invasive surgery technology, the market of endoscopic stapler will continue to accelerate its expansion.

In terms of market pattern, in recent years, the domestic stapler market is mainly dominated by foreign brands. In 2019, imported staplers accounted for about 70% of the domestic stapler market. From the type of stapler, the localization rate of open stapler is higher than that of endoscopic stapler. After years of development, domestic open stapler has obtained 50% market share. At present, the market pattern is relatively stable, but the competition is fierce. Due to high technical barriers, the market of endoscopic stapler is mainly dominated by foreign brands, and the market of imported products accounts for 85%.

At present, there are more than 250 stapler related business companies in China, including less than 100 companies with R & D capability. The concentration of stapler industry in China is generally low, showing a small and scattered state, and has not formed a large-scale development pattern. In addition, the innovation ability of China's stapler industry needs to be improved.