Automated Suturing Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Automated Suturing Device Trends and Forecast

The future of the global automated suturing device market looks promising with opportunities in the hospital and ambulatory surgical center markets. The global automated suturing device market is expected to reach an estimated $4.9 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are surging prevalence of chronic disorders, rising preference for minimally invasive surgeries, expansion of the healthcare infrastructure in developing countries, and favorable reimbursement policies.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Automated Suturing Device by Segment

The study includes a forecast for the global automated suturing device by product, application, end use, and region.

Automated Suturing Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Disposable
• Reusable

Automated Suturing Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Cardiac
• Orthopedic
• Gastrointestinal
• Ophthalmic
• Dental
• Gynecological
• Others

Automated Suturing Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Ambulatory Surgical Centers
• Others

Automated Suturing Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automated Suturing Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automated suturing device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automated suturing device companies profiled in this report include-

• Medtronic
• Boston Scientific
• BD
• LSI Solutions
• Smith & Nephew
• Sutrue
• Apollo Endo-surgery

Automated Suturing Device Market Insights

Lucintel forecasts that reusable will remain the larger segment over the forecast period due to its lower costs and easily availability in the market.

Within this market, hospital will remain the largest segment due to ease of access and easy hospital availability in other locations, as well as favorable reimbursement policies.

North America will remain the largest region over the forecast period due to surge in aging population and increasing number of surgical procedures.

Features of the Global Automated Suturing Device Market

Market Size Estimates: Automated suturing device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automated suturing device market size by product, application, end use, and region in terms of value ($B).

Regional Analysis: Automated suturing device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, applications, end uses, and regions for the automated suturing device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automated suturing device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automated suturing device market size?

Answer: The global automated suturing device market is expected to reach an estimated $4.9 billion by 2030.

Q2. What is the growth forecast for automated suturing device market?

Answer: The global automated suturing device market is expected to grow with a CAGR of 7.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automated suturing device market?

Answer: The major drivers for this market are surging prevalence of chronic disorders, rising preference for minimally invasive surgeries, expansion of the healthcare infrastructure in developing countries, and favorable reimbursement policies.

Q4. What are the major segments for automated suturing device market?

Answer: The future of the automated suturing device market looks promising with opportunities in the hospital and ambulatory surgical center markets.

Q5. Who are the key automated suturing device market companies?

Answer: Some of the key automated suturing device companies are as follows:

• Medtronic
• Boston Scientific
• BD
• LSI Solutions
• Smith & Nephew
• Sutrue
• Apollo Endo-surgery

Q6. Which automated suturing device market segment will be the largest in future?

Answer: Lucintel forecasts that reusable will remain the larger segment over the forecast period due to its lower costs and easily availability in the market.

Q7. In automated suturing device market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to surge in aging population and increasing number of surgical procedures.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automated suturing device market by product (disposable and reusable), application (cardiac, orthopedic, gastrointestinal, ophthalmic, dental, gynecological, and others), end use (hospitals, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?