SEATTLE, July 29, 2021, (MEDGADGET) — Global Automated Suturing Devices Market Analysis
Overview
In suturing operations, an automatic suturing unit is used. Suturing is a technique for securing body tissues following an injury or surgery. These instruments are used in both minimally invasive and open surgical procedures. Reusable automatic suturing instruments are medical devices that are used to close wounds and repair skin following surgery.
By the end of 2027, the global automated suturing devices market is expected to be worth US$ 867.3 million and have a capacity of 9,007,400 units.
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Drivers
Over the forecast period, the global automated suturing devices market is expected to expand due to an increase in the geriatric population. According to the World Health Organization, by 2020, the number of people aged 60 and up will outnumber children under the age of five, and by 2050, 80 percent of the world’s elderly will live in low- and middle-income nations.
Due to the growing rate of obesity, more people are opting for bariatric surgery. In bariatric and gastrointestinal surgeries, automated suturing systems are used. Hence, rising obesity rates are projected to drive demand growth over the forecast period. As per a survey released in October 2019 in The International Journal of Environmental Research and Public Health, the prevalence of overweight, obesity, hypertension, and diabetes in India was 14.6 percent, 3.4 percent, 5.2 percent, and 7.1 percent, respectively.
In 2018, North America dominated the global automated suturing devices market, contributing 35.1 percent of the overall market revenue, followed by the Asia Pacific. Rising deaths and surgeries are projected to drive demand growth over the forecast period.
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Restraints
Although, the global automated suturing devices market is expected to be hampered by a lack of product supply. Automated suturing machines are in short supply on the internet. Endo Stitch and Sils Stitch are two Covidien items that have been published on E-bay. However, the stockpiles are quickly depleting.
The use of automatic suturing systems necessitates the completion of adequate preparation. As a result, a scarcity of qualified experts is likely to stymie market growth.
The automated suturing devices segment of the global automated suturing devices market was worth US$ 430.9 million in 2018 and is projected to grow at a CAGR of 5.6 percent to US$ 703.2 million by 2027.
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Key Takeaways
A significant development in the global automated suturing devices market is the increased use of automated suturing devices in laparoscopic surgeries. Automated suturing devices improve dexterity and enable even inexperienced surgeons or gynecologists to gain surgical proficiency, leading to an increased usage of laparoscopic hysterectomies, bariatric surgeries, general surgery, and coronary heart surgery. Automated suturing techniques can be used in laparoscopic surgery to apply knots in a fraction of the time it takes for traditional suturing.
The demand is also expected to expand due to a growing preference for automated suturing devices over automated staplers. This is due to the advancement in integrated needle and suture technology. Staplers are metallic and can cause bleeding and inflammation after surgery. Sutures used in such instruments can be absorbable or non-absorbable.
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Competitive Landscape
Key companies contributing to the global automated suturing devices market are Apollo Endosurgery, LSI Solutions, Inc., Medtronic Plc., C. R. Bard, Inc., LLC, SuturTek Inc., Boston Scientific, Baxter International, Inc., and EndoEvolution.
To broaden their product line, key market players are focusing on M&A strategies. Baxter International, Inc. signed a definitive agreement with Sanofi to acquire Seprafilm Adhesion Barrier and related properties in December 2019.
Business leaders are now concentrating on marketing campaigns to increase their market share. Apollo Endosurgery, Inc., has announced that business executives will speak at the 12th Annual LD Micro Main Event investor meeting.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Technological Advancements
- Key Highlights
- Product launch
- PEST Analysis
- Mergers and Acquisitions
- Market Dynamics
- Global Automated Suturing Devices Market, By Product Type, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Reusable Automated Suturing Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
- Disposable Automated Suturing Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
- Introduction
- Global Automated Suturing Devices Market, By Application, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Minimally Invasive Surgeries
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Open Surgeries
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Trauma Cases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Automated Suturing Devices Market, By End User, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Automated Suturing Devices Market, By Region, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- The U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- The U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of the Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million and Units)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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