Global Automated Suturing Devices Market is expected to reach USD 4.50 billion in 2023 from USD 2.95 billion in 2016 with a CAGR of approximately 7.2% during the forecast period 2017-2023.
Automated suturing devices are used for closing surgical site or wounds in order to avoid infection to the patients. Prevention of infection is the main objective of using sterile automated and disposable suturing devices. Demand of these devices are increasing withy an increase in number of surgical procedures performed in the hospitals across the world.
Demand for automated suturing is increasing due to an increasing emphasis on patient safety, quality control and quality assurance, reduce cost and to prevent surgical site infection. Technological advancement and increasing funding for innovative product development are driving the market. Major companies are investing in new product development to derive value product for the market. Cost of automated suturing devices acts as a restrain for this market.
Global Automated Suturing Devices Market – Dominant Players
Key players in automated suturing devices market are: Ethicon Inc. (U.S.), B. Braun Melsungen AG (Germany), Medtronic plc. (Ireland), DemeTECH Corporation (U.S.), Smith & Nephew plc (U.K.), Péters Surgical (France), EndoEvolution LLC (U.S.), Boston Scientific Corporation (U.S.) and Sutures India Pvt. Ltd. (India).
Ethicon Inc. is a subsidiary of Johnson and Johnson, manufacturing surgical sutures and wound closure devices. Enseal X1 is a suturing devices designed for use in open surgical procedures. Harmonic HD 1000 is designed of laparoscopic surgery. In February 2017, announced acquisition of Torax Medical, Inc.
Global Automated Suturing Devices Market – Competitive Analysis
The market for automated suturing devices is characterized by the presence of several well-established and local players, the global market for automated suturing devices appears to be a highly competitive market. Major players are increasingly expanding their imprint in the emerging nations, making it putting pressure on the domestic players, especially in terms of features such as type, product portfolios, and pricing. To attract the customers the companies have launched the products wide range of products into the market. Companies have adopted the strategy of agreements and collaborations, mergers and acquisitions, and new product launches are various strategies to obtain a reasonable amount of share in the market.
For instance, in April 2017, B. Braun Melsungen AG launched a new home infusion therapy application that will help healthcare professionals and patients. This app allows infusion therapy nurses to educate the patients to use Easypump in their own homes.
In February 2017, Ethicon, Inc. entered into an agreement to acquire Torax Medical, Inc. for the manufacturing and marketing the LINX Reflux Management System, an innovative minimally invasive device for the surgical treatment of GERD. This acquisition will help the company to offer patients an effective alternative to the anatomy-altering laparoscopic Nissen fundoplication surgical procedure.
In October 2017, Boston Scientific Corporation has entered into an agreement to acquire Apama Medical Inc. who is developing the Apama Radiofrequency (RF) Balloon Catheter System for the treatment of atrial fibrillation (AF). This acquisition will help the company to invest in the electrophysiology category and to expand the product portfolio of differentiated arrhythmia solutions.
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Global Automated Suturing Devices Market – Regional Analysis
Globally, North America accounts for the largest market share in automated suturing devices. This is attributed to the replacement of manual suturing using needles by automated suturing devices. The demand for disposable suturing devices has outreached reusable suturing devices due to growing emphasis on hospital acquired infection and to reduce surgical site infection. Patients with surgical site infection require long recovery period thus increasing patient’s stay in the hospital. This may affect bed occupancy rate of hospitals thus increasing the chances of hospital acquired infection to the patient. Thus, preventions of infection is a major objective behind using disposable automated suturing devices. The market in America is also influenced by increasing number of surgical procedures performed thus requiring safe closure of surgical site.
Global Automated Suturing Devices Market – Segmentation
Global Automated suturing devices market has been segmented on the basis of type of suturing device which includes disposable and reusable suturing devices. On the basis of application the market is segmented into cardiac, orthopedic, ophthalmic, dental, gynecological and other applications. End users are hospitals, clinics and other users.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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