Surgical sutures devices are needed for the closure of wounds and for repairing different injuries. These devices boast its application in orthopedic, cardiovascular surgery, ophthalmology, gynecology, laparoscopy, orthopedic surgery, and other specialties in the healthcare industry. These devices can either be automated or manually used suture devices. Automated suture devices can either be disposable or reusable. Whereas, suture needle is used primarily for surgical site closure. Disposable surgical suture devices are used most commonly to curb safety concerns of the patients and for preventing the surgical site infection.
The global automated suturing devices market, according to a report released by Market Research Future (MRFR), is expected to reach a valuation of USD 4.50 billion by the end of the forecast period in 2023, jumping from its previous valuation in 2016 of USD 2.95 billion. The growth of the market is calculated to be at a compound annual rate of 7.2% during the forecast period.
MRFR, in its report, has identified numerous factors as the drivers of the global market. This includes, the increasing emphasis placed upon the safety of patients, reduction in the cost level, quality control as well as quality assurance, and the prevention of surgical site infection. Advancements in technology and the increasing funding level for the development of innovative products are driving the growth of the market as well. Also, some of the leading companies investing in new product development is also pushing the market growth of automated suturing devices. However, the cost related with the devices acts as a major restrain of the global market.
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Key Players and Industry Buzz
There are several leading players operating in the Global Automated Suturing Devices Market. MRFR has gone above and beyond to identify some of the leading and potentially huge players in the market. This includes,
- Péters Surgical (France),
- Ethicon Inc. (U.S.),
- Medtronic PLC. (Ireland),
- Boston Scientific Corporation (U.S.),
- Braun Melsungen AG (Germany),
- Smith & Nephew plc (U.K.),
- EndoEvolution LLC (U.S.),
- DemeTECH Corporation (U.S.),
- Sutures India Pvt. Ltd. (India)
June 2018, Sutrue, a medical technology company of UK, announced the introduction of its all new 3D printed automated suturing device at the Design Museum in London. This acts as a massive development in the 3D printing landscape.
The global automated suturing devices market segmentation is based upon the following dynamics: type, end-users, and application.
By type, the market is divided into reusable and disposable suturing devices.
By application, the market segments into dental, orthopedic, cardiac, gynecological, ophthalmic, and other applications.
By end-users, the market comprises clinics, hospitals, and other users.
The regional segmentation of any market aids in providing a precise understanding of the overall market. Similarly, the regional segmentation of the global automated suturing devices provides an in-depth understanding of the market. The market covers the following key regions: Europe, Asia Pacific, Americas, and the Middle East and Africa.
Among the mentioned regions, the global automated suturing devices market is spearheaded by the Americas. Americas hold the largest share of the global market and is expected to hold on to its dominance during the forthcoming years of the forecast period. The market herein is driven by advancements in technology in suturing devices and the increasing demand of safe and disposable suturing devices.
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The European region holds the second largest position in the market and is expected to hold on to its position in the global standings. The growth of the region can be attributed to the fast-paced adoption of new devices and an increasing expenditure in the healthcare sector.
Asia Pacific region is expected to showcase the fastest pace in the market. Herein, India is a major contributory nation and is anticipated to grow at a rapid pace. Finally, the Middle East and Africa regional market is expected to garner little growth during the forecast period due to the lack of development and awareness in the region.