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Global Automated Suturing Devices Market Share, Size, Analysis, Report, Growth, Forecast: By Type: Disposable, Reusable; By Application: Cardiovascular, Orthopaedic, Gastrointestinal, Ophthalmic, Dental, Gynecological, Others; By End User: Ambulatory Surgical Centres Hospitals, Clinics; Regional Analysis; Supplier Landscape; 2023-2031
Global Automated Suturing Devices Market Outlook
The global automated suturing devices market size reached a value of USD 891.8 million in 2022. The major drivers of the market are the increasing prevalence of health issues, the surging popularity of minimally invasive diseases, and the rising number of surgeries. The market is anticipated to grow at a CAGR of 6.3% during the forecast period of 2023-2031 to attain a value of USD 1525.5 million by 2031.
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Growing Prevalence of Automated Suturing Devices to Drive the Global Market for Automated Suturing Devices
Cardiovascular diseases (CVDs), particularly ischemic heart disease (IHD) and stroke, are one of the leading causes of death and disability worldwide. The growth in the number of surgical procedures, the increasing prevalence of chronic diseases, and the rising geriatric population are predicted to fuel the automated suturing devices market. With the growing popularity of minimally invasive surgery (MIS), a cutting-edge method that allows surgeons to use endoscopic treatments to treat a variety of problems, the utilisation of automated suturing devices, owing to their enhanced ergonomics and speeds is increasing. Moreover, the surging demand for automated suturing devices to enhance precision in minimally invasive surgeries and reduce the risk of needle loss is propelling the market growth. With the growing focus on shortening operation time, reducing risks, enhancing cost-effectiveness, and improving clinical outcomes of minimally-invasive surgeries, the adoption of automated suturing devices is likely to grow in the coming years.
Market Segmentation
Automated suturing devices are devices that ease suturing procedures in both open and minimally invasive surgery. They are commonly used in trauma and surgical procedures that require surgery. These procedures are proven to result in faster wound healing, and shorter hospital stays for patients.
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The major types of automated suturing devices are:
- Disposable
- Reusable
The market can be broadly categorised on the basis of its applications into:
- Cardiovascular
- Orthopaedic
- Gastrointestinal
- Ophthalmic
- Dental
- Gynaecological
- Others
By end use, the market is divided into:
- Ambulatory Surgical Centres
- Hospitals
- Clinics
The EMR report looks into the regional markets of automated suturing devices like North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa.
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Growing Use of Handheld Automated Suturing Devices to Augment the Market Growth
The increasing use of handheld automated suturing devices in hospitals to close wounds in tight spaces while improving recovery time and minimising hospital stay is augmenting the market growth. The automated suturing devices market is being aided by the commercialisation of new treatment options for patients. With the surging demand for reusable automated suturing devices in sterilisation techniques, the market is growing rapidly. As reusable automated suturing devices is cost-effective, it is increasingly preferred in hospitals. In addition, the surging approvals of automated suturing devices are providing impetus to the market growth.
North America to Represent a Considerable Share in the Market for Automated Suturing Devices
North America accounts for a significant share in the automated suturing devices market due to the wide presence of key players, technological advancements and innovations, and the rising prevalence of occupational injuries, accidents, and surgeries. The introduction of various favourable healthcare initiatives and the robust healthcare infrastructure in the region are driving the market growth. Moreover, the surging launches of innovative suturing devices that can be deployed for the placement of running or interrupted stitches in soft tissues during endoscopic surgery are likely to bolster the market.
Key Players in the Global Market for Automated Suturing Devices
The report presents a detailed analysis of the following key players in the global automated suturing devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Medtronic plc
- Smith & Nephew plc
- Apollo Endosurgery, Inc.
- Sutrue Limited
- Mellon Medical B.V
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Automated Suturing Devices Market Overview
3.1 Global Automated Suturing Devices Market Historical Value (2016-2022)
3.2 Global Automated Suturing Devices Market Forecast Value (2023-2031)
4 Global Automated Suturing Devices Market Landscape
4.1 Global Automated Suturing Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Automated Suturing Devices Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Application
4.2.3 Analysis by End User
5 Global Automated Suturing Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Automated Suturing Devices Market Segmentation
6.1 Global Automated Suturing Devices Market by Type
6.1.1 Market Overview
6.1.2 Disposable
6.1.3 Reusable
6.2 Global Automated Suturing Devices Market by Application
6.2.1 Market Overview
6.2.2 Cardiovascular
6.2.3 Orthopaedic
6.2.4 Gastrointestinal
6.2.5 Ophthalmic
6.2.6 Dental
6.2.7 Gynaecology
6.2.8 Others
6.3 Global Automated Suturing Devices Market by End User
6.3.1 Market Overview
6.3.2 Ambulatory Surgical Centres
6.3.3 Hospitals
6.3.4 Clinics
6.4 Global Automated Suturing Devices Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Automated Suturing Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Automated Suturing Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Automated Suturing Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Automated Suturing Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Automated Suturing Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Medtronic plc
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Smith & Nephew plc
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Apollo Endosurgery, Inc.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Sutrue Limited
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Mellon Medical B.V.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Boston Scientific Corporation
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 EndoEvolution
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 LSI Solutions, Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Apollo Endosurgery
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 DemeTECH Corporation
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Global Automated Suturing Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
In 2022, the global market for automated suturing devices reached a value of USD 891.8 million.
The market is anticipated to grow at a CAGR of 5.1% during the forecast period of 2023-2031 to reach a value of USD 1525.5 million by 2031.
The major drivers of the market are the increasing prevalence of health issues, the surging popularity of minimally invasive diseases, and the rising number of surgeries.
The key market trends include the growing product launches of automated suturing devices, technological advancements and innovations, and the cost-effectiveness of reusable automated suturing devices.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various types of automated suturing devices are disposable and reusable.
The significant applications of automated suturing devices are cardiovascular, orthopaedic, gastrointestinal, ophthalmic, gynaecological, and dental, among others.
The major end uses of automated suturing devices are ambulatory surgical centres, hospitals, and clinics.
The major players in the market are Medtronic plc, Smith & Nephew plc, Apollo Endosurgery, Inc., Sutrue Limited, and Mellon Medical B.V, among others.
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