PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420354
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420354
Fairfield Market Research, a leading provider of market analysis and research reports, has released a comprehensive analysis of the global Automated Suturing Devices Market. The report reveals that the market generated a staggering US$ 3.6 billion in sales in 2024 and is poised for robust growth during the forecast period of 2024 to 2031. Key insights from the report shed light on the factors driving this growth, potential substitutes, and key regional opportunities.
The report highlights the increasing global population of elderly individuals, which has led to a rise in chronic diseases and the need for surgical procedures. According to a 2016 WHO report, the average global surgery rate was 4,469 procedures per 100,000 persons annually. Additionally, a shortage of medical professionals worldwide, with some countries having doctor-to-patient ratios as low as 0.1:1000, further underscores the demand for automated suturing devices.
The surge in accidents and trauma cases, particularly in countries like India, China, and the United States, has contributed to the growing demand for these devices. Furthermore, the rising number of heart surgeries, driven by an aging population and increased incidence of heart disease, has boosted the market for automated suturing devices.
Automated suturing devices offer several advantages, including minimal incisions, reduced blood loss, reduced needle trauma, and infection-free suturing. They also save time, reducing sewing time by 25%, leading to increased hospital efficiency and cost savings. The devices' articulation and rotation capabilities, ranging from 180° to 360°, enhance their usability for healthcare professionals.
While automated suturing devices are on the rise, potential substitutes such as surgical staplers, medical tapes, skin zippers, and surgical sealants are worth considering. Each substitute serves specific purposes and may impact the growth of automated suturing devices in certain applications.
North America is projected to offer the largest market opportunity for Automated Suturing Devices during the forecast period. The region accounted for more than 34% of the market's revenue share in 2024. Factors driving this growth include an increase in surgeries, road accidents, injuries, and the adoption of automated healthcare devices. The well-developed infrastructure, automation across sectors, and increased healthcare spending in the United States have contributed significantly to this market's expansion.
Key players in the Automated Suturing Devices market include: Medtronic Plc, Boston Scientific, Becton Dickinson, EndoEvolution, LSI Solutions, Inc., Smith & Nephew, Inc., Braun Melsungen AG, Ethicon, Inc., Teleflex Incorporated, and DemeTech Corporation. These industry leaders continue to innovate, with notable developments such as new laparoscopic sewing machines and knotless fabric closures.
In a rapidly evolving healthcare landscape, the Automated Suturing Devices market promises continued growth, driven by the increasing need for efficient and effective surgical procedures.