PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308572
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1308572
Automated Suturing Devices Market Forecasts to 2030 - Global Analysis By Type, Application, End User and By Geography
According to Stratistics MRC, the Global Automated Suturing Devices Market is accounted for $3.46 billion in 2023 and is expected to reach $6.21 billion by 2030 growing at a CAGR of 8.7% during the forecast period. Automated suturing devices work with minimal incisions, little blood loss, fewer needle injuries, and infection-free suturing, all of which are crucial to the success of surgical procedures. Automated suturing devices significantly reduce the complexity of some surgical procedures. The automated suturing apparatuses can create a double row of sutures, sew them around the skin, and knot them. Depending on the type of wound, its anatomic location, and the thickness and degree of skin tension, various suturing techniques are employed.
According to the WHO, the annual number of non-fatal injuries alone contributes to more than 20 million cases worldwide. Hence, an increase in the incidence of wound injury is leading to a rise in the number of wound surgeries, which is expected to positively impact the growth of the market.
Market Dynamics:
Driver:
Increase in the number of injuries
One of the high-impact factors driving up demand for automated suturing devices is an increase in the number of traffic accidents. Increased wound surgeries as a result of an increase in wound injury incidence are anticipated to have a long-term positive effect on the market for automated suturing devices. Burn-related injuries, sports-related injuries, trauma, and fall injuries are examples of additional accidents. According to the American Burn Association, 44% of all hospital admissions were due to burn injuries. The majority of severe injuries require surgical intervention, which significantly contributes to the market's expansion.
Restraint:
Lack of resources in emerging economies
During the forecast period, market growth is anticipated to be constrained by the growing risk of device failure and the lack of infrastructure in developing nations. Poor product availability, a lack of skilled professionals, and high device costs are additional factors preventing the market from expanding. However, the increasing demand for automated suturing devices and rising product innovations from manufacturers are anticipated to offset impediments and propel market growth in the coming years.
Opportunity:
Growing geriatric population
The primary factor driving market expansion is the aging population. The population division of the Department of Economic and Social Affairs estimates that the proportion of people 60 and older has increased from 9.2% in 1990 to 11.7% in 2013 and is projected to rise even further to 21.1% by 2050. Cardiovascular, orthopedic, and neurological diseases are all very common in people 60 and older. Therefore, it is anticipated that a rise in the elderly population and the demand for surgery will increase the demand for automated suturing devices.
Threat:
Availability of substitutes
The development of automated suturing devices may be hampered by items like surgical staplers, medical tapes and bandages, zippers, and surgical sealants. A skin stapler is a tool that doctors use to quickly close lengthy skin lesions or remove difficult-to-reach areas. The staple seeds also disintegrate in the body. The edges of small skin wounds are also joined by doctors using duct tape. Compared to other types of material used to cover wounds, skin tapes are less expensive. Therefore, the lack of such alternatives could restrict market expansion.
COVID-19 Impact:
The COVID-19 pandemic has caused a number of significant problems for the healthcare system. Due to a shortage of medical staff during the COVID-19 pandemic, the use of digital technologies in the hospital industry significantly increased. Additionally, COVID-19 has caused a significant increase in demand for medical supplies like masks, gloves, and protective eyewear. To guarantee a sufficient and ongoing supply of personal protective equipment in the market, manufacturers have the opportunity to take advantage of the rising demand for medical supplies. As a result, the COVID-19 pandemic has had a big impact on the market.
The reusable segment is expected to be the largest during the forecast period:
Over the forecast period, the reusable segment is expected to witness the largest market share. Through sterilization processes, the reusable automated suturing devices cause little tissue damage and are immune to infection. Reusable equipment is also inexpensive and simple to obtain, which has increased consumer preference. Furthermore, the segment is expanding due to the rise in injuries and trauma that require sutures as well as the preference of doctors for automated suturing devices.
The hospitals segment is expected to have the highest CAGR during the forecast period:
The hospitals segment is anticipated to grow at a rapid rate during the forecasted period. The rise in patients being admitted to hospitals is boosting demand for the hospital segment. Handheld automated suturing devices are helpful for treating minor injuries, shortening hospital stays, and speeding up overall recovery. Additionally, it is anticipated that the expansion of the market will also be fueled by hospitals' accessibility, availability, and favorable reimbursement policies relative to other settings.
Region with largest share:
North America is estimated to dominate the automated suturing devices market throughout the forecast timeline due to an increase in the number of surgeries and an increase in the geriatric population. The "Geriatric Surgery Verification (GSV) Program" of the American College of Surgeons (ACS) reportedly introduced 32 new medical standards with the goal of systematically improving patient outcomes for the aging adult population. The US Census Bureau projects that between 2010 and 2050, the population's older age group will grow by 55%, making up 21% of the total. Furthermore, there is a high demand for minimally invasive surgeries assisted by robots, and there have been advancements in automated suturing technology in this area, which are likely to fuel demand.
Region with highest CAGR:
The Asia Pacific region is anticipated to grow rapidly over the forecast period due to the rising prevalence of chronic diseases and consumer awareness. The World Health Organization (WHO) reports that injuries and chronic diseases (including cancer, diabetes, cancer, mental health disorders, cardiovascular disease, and mental health issues) are India's main causes of death and disability. India's illness burden is increasing as its population approaches 1.4 billion. Aside from that, regional companies are launching strategic initiatives to create and market fresh patient treatment options in this region. As a result, the market growth of automated suturing devices is likely to accelerate.
Key players in the market
Some of the key players profiled in the Automated Suturing Devices Market include Apollo Endosurgery, Inc, B. Braun Melsungen AG, Baxter International, Inc., Becton, Dickinson & Company, Boston Scientific Corporation, C. R. Bard, Inc, EndoEvolution, LLC, Ethicon, Inc. (Johnson & Johnson), LSI Solutions, Inc., Medical Devices Business Services, Inc, Medtronic, Smith & Nephew, Inc. and SuturTek Inc.
Key Developments:
In May 2022, Paragon 28, Inc. launched Grappler Suture Anchor System designed to address the challenges that are present when performing soft tissue tensioning and ligament reconstruction in acute procedures of the foot and ankle.
In January 2022, Endomina, an endoscopic medical suture device developed by Endo Tools Therapeutics, was approved by the United States Food and Drug Administration for endoscopic placement of sutures in the gastrointestinal tract on adult population.
Types Covered:
- Reusable
- Disposable
Application Covered:
- Abdominal
- Cardiovascular
- Dental
- Gastrointestinal
- Gynecological
- Ophthalmic
- Orthopedic
- Trauma cases
- Other Applications
End Users Covered:
- Clinics
- Ambulatory Surgery Centers
- Hospitals
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Automated Suturing Devices Market, By Type
- 5.1 Introduction
- 5.2 Reusable
- 5.3 Disposable
6 Global Automated Suturing Devices Market, By Application
- 6.1 Introduction
- 6.2 Abdominal
- 6.3 Cardiovascular
- 6.4 Dental
- 6.5 Gastrointestinal
- 6.6 Gynecological
- 6.7 Ophthalmic
- 6.8 Orthopedic
- 6.9 Trauma cases
- 6.10 Other Applications
7 Global Automated Suturing Devices Market, By End User
- 7.1 Introduction
- 7.2 Clinics
- 7.3 Ambulatory Surgery Centers
- 7.4 Hospitals
- 7.5 Other End Users
8 Global Automated Suturing Devices Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Apollo Endosurgery, Inc
- 10.2 B. Braun Melsungen AG
- 10.3 Baxter International, Inc.
- 10.4 Becton, Dickinson & Company
- 10.5 Boston Scientific Corporation
- 10.6 C. R. Bard, Inc
- 10.7 EndoEvolution, LLC
- 10.8 Ethicon, Inc. (Johnson & Johnson)
- 10.9 LSI Solutions, Inc.
- 10.10 Medical Devices Business Services, Inc
- 10.11 Medtronic
- 10.12 Smith & Nephew, Inc.
- 10.13 SuturTek Inc.
List of Tables
- Table 1 Global Automated Suturing Devices Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Automated Suturing Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Automated Suturing Devices Market Outlook, By Reusable (2021-2030) ($MN)
- Table 4 Global Automated Suturing Devices Market Outlook, By Disposable (2021-2030) ($MN)
- Table 5 Global Automated Suturing Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 6 Global Automated Suturing Devices Market Outlook, By Abdominal (2021-2030) ($MN)
- Table 7 Global Automated Suturing Devices Market Outlook, By Cardiovascular (2021-2030) ($MN)
- Table 8 Global Automated Suturing Devices Market Outlook, By Dental (2021-2030) ($MN)
- Table 9 Global Automated Suturing Devices Market Outlook, By Gastrointestinal (2021-2030) ($MN)
- Table 10 Global Automated Suturing Devices Market Outlook, By Gynecological (2021-2030) ($MN)
- Table 11 Global Automated Suturing Devices Market Outlook, By Ophthalmic (2021-2030) ($MN)
- Table 12 Global Automated Suturing Devices Market Outlook, By Orthopedic (2021-2030) ($MN)
- Table 13 Global Automated Suturing Devices Market Outlook, By Trauma cases (2021-2030) ($MN)
- Table 14 Global Automated Suturing Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 15 Global Automated Suturing Devices Market Outlook, By End User (2021-2030) ($MN)
- Table 16 Global Automated Suturing Devices Market Outlook, By Clinics (2021-2030) ($MN)
- Table 17 Global Automated Suturing Devices Market Outlook, By Ambulatory Surgery Centers (2021-2030) ($MN)
- Table 18 Global Automated Suturing Devices Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 19 Global Automated Suturing Devices Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 20 North America Automated Suturing Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America Automated Suturing Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 22 North America Automated Suturing Devices Market Outlook, By Reusable (2021-2030) ($MN)
- Table 23 North America Automated Suturing Devices Market Outlook, By Disposable (2021-2030) ($MN)
- Table 24 North America Automated Suturing Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 25 North America Automated Suturing Devices Market Outlook, By Abdominal (2021-2030) ($MN)
- Table 26 North America Automated Suturing Devices Market Outlook, By Cardiovascular (2021-2030) ($MN)
- Table 27 North America Automated Suturing Devices Market Outlook, By Dental (2021-2030) ($MN)
- Table 28 North America Automated Suturing Devices Market Outlook, By Gastrointestinal (2021-2030) ($MN)
- Table 29 North America Automated Suturing Devices Market Outlook, By Gynecological (2021-2030) ($MN)
- Table 30 North America Automated Suturing Devices Market Outlook, By Ophthalmic (2021-2030) ($MN)
- Table 31 North America Automated Suturing Devices Market Outlook, By Orthopedic (2021-2030) ($MN)
- Table 32 North America Automated Suturing Devices Market Outlook, By Trauma cases (2021-2030) ($MN)
- Table 33 North America Automated Suturing Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 34 North America Automated Suturing Devices Market Outlook, By End User (2021-2030) ($MN)
- Table 35 North America Automated Suturing Devices Market Outlook, By Clinics (2021-2030) ($MN)
- Table 36 North America Automated Suturing Devices Market Outlook, By Ambulatory Surgery Centers (2021-2030) ($MN)
- Table 37 North America Automated Suturing Devices Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 38 North America Automated Suturing Devices Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 39 Europe Automated Suturing Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe Automated Suturing Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 41 Europe Automated Suturing Devices Market Outlook, By Reusable (2021-2030) ($MN)
- Table 42 Europe Automated Suturing Devices Market Outlook, By Disposable (2021-2030) ($MN)
- Table 43 Europe Automated Suturing Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 44 Europe Automated Suturing Devices Market Outlook, By Abdominal (2021-2030) ($MN)
- Table 45 Europe Automated Suturing Devices Market Outlook, By Cardiovascular (2021-2030) ($MN)
- Table 46 Europe Automated Suturing Devices Market Outlook, By Dental (2021-2030) ($MN)
- Table 47 Europe Automated Suturing Devices Market Outlook, By Gastrointestinal (2021-2030) ($MN)
- Table 48 Europe Automated Suturing Devices Market Outlook, By Gynecological (2021-2030) ($MN)
- Table 49 Europe Automated Suturing Devices Market Outlook, By Ophthalmic (2021-2030) ($MN)
- Table 50 Europe Automated Suturing Devices Market Outlook, By Orthopedic (2021-2030) ($MN)
- Table 51 Europe Automated Suturing Devices Market Outlook, By Trauma cases (2021-2030) ($MN)
- Table 52 Europe Automated Suturing Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 53 Europe Automated Suturing Devices Market Outlook, By End User (2021-2030) ($MN)
- Table 54 Europe Automated Suturing Devices Market Outlook, By Clinics (2021-2030) ($MN)
- Table 55 Europe Automated Suturing Devices Market Outlook, By Ambulatory Surgery Centers (2021-2030) ($MN)
- Table 56 Europe Automated Suturing Devices Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 57 Europe Automated Suturing Devices Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 58 Asia Pacific Automated Suturing Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific Automated Suturing Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 60 Asia Pacific Automated Suturing Devices Market Outlook, By Reusable (2021-2030) ($MN)
- Table 61 Asia Pacific Automated Suturing Devices Market Outlook, By Disposable (2021-2030) ($MN)
- Table 62 Asia Pacific Automated Suturing Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 63 Asia Pacific Automated Suturing Devices Market Outlook, By Abdominal (2021-2030) ($MN)
- Table 64 Asia Pacific Automated Suturing Devices Market Outlook, By Cardiovascular (2021-2030) ($MN)
- Table 65 Asia Pacific Automated Suturing Devices Market Outlook, By Dental (2021-2030) ($MN)
- Table 66 Asia Pacific Automated Suturing Devices Market Outlook, By Gastrointestinal (2021-2030) ($MN)
- Table 67 Asia Pacific Automated Suturing Devices Market Outlook, By Gynecological (2021-2030) ($MN)
- Table 68 Asia Pacific Automated Suturing Devices Market Outlook, By Ophthalmic (2021-2030) ($MN)
- Table 69 Asia Pacific Automated Suturing Devices Market Outlook, By Orthopedic (2021-2030) ($MN)
- Table 70 Asia Pacific Automated Suturing Devices Market Outlook, By Trauma cases (2021-2030) ($MN)
- Table 71 Asia Pacific Automated Suturing Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 72 Asia Pacific Automated Suturing Devices Market Outlook, By End User (2021-2030) ($MN)
- Table 73 Asia Pacific Automated Suturing Devices Market Outlook, By Clinics (2021-2030) ($MN)
- Table 74 Asia Pacific Automated Suturing Devices Market Outlook, By Ambulatory Surgery Centers (2021-2030) ($MN)
- Table 75 Asia Pacific Automated Suturing Devices Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 76 Asia Pacific Automated Suturing Devices Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 77 South America Automated Suturing Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America Automated Suturing Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 79 South America Automated Suturing Devices Market Outlook, By Reusable (2021-2030) ($MN)
- Table 80 South America Automated Suturing Devices Market Outlook, By Disposable (2021-2030) ($MN)
- Table 81 South America Automated Suturing Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 82 South America Automated Suturing Devices Market Outlook, By Abdominal (2021-2030) ($MN)
- Table 83 South America Automated Suturing Devices Market Outlook, By Cardiovascular (2021-2030) ($MN)
- Table 84 South America Automated Suturing Devices Market Outlook, By Dental (2021-2030) ($MN)
- Table 85 South America Automated Suturing Devices Market Outlook, By Gastrointestinal (2021-2030) ($MN)
- Table 86 South America Automated Suturing Devices Market Outlook, By Gynecological (2021-2030) ($MN)
- Table 87 South America Automated Suturing Devices Market Outlook, By Ophthalmic (2021-2030) ($MN)
- Table 88 South America Automated Suturing Devices Market Outlook, By Orthopedic (2021-2030) ($MN)
- Table 89 South America Automated Suturing Devices Market Outlook, By Trauma cases (2021-2030) ($MN)
- Table 90 South America Automated Suturing Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 91 South America Automated Suturing Devices Market Outlook, By End User (2021-2030) ($MN)
- Table 92 South America Automated Suturing Devices Market Outlook, By Clinics (2021-2030) ($MN)
- Table 93 South America Automated Suturing Devices Market Outlook, By Ambulatory Surgery Centers (2021-2030) ($MN)
- Table 94 South America Automated Suturing Devices Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 95 South America Automated Suturing Devices Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 96 Middle East & Africa Automated Suturing Devices Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa Automated Suturing Devices Market Outlook, By Type (2021-2030) ($MN)
- Table 98 Middle East & Africa Automated Suturing Devices Market Outlook, By Reusable (2021-2030) ($MN)
- Table 99 Middle East & Africa Automated Suturing Devices Market Outlook, By Disposable (2021-2030) ($MN)
- Table 100 Middle East & Africa Automated Suturing Devices Market Outlook, By Application (2021-2030) ($MN)
- Table 101 Middle East & Africa Automated Suturing Devices Market Outlook, By Abdominal (2021-2030) ($MN)
- Table 102 Middle East & Africa Automated Suturing Devices Market Outlook, By Cardiovascular (2021-2030) ($MN)
- Table 103 Middle East & Africa Automated Suturing Devices Market Outlook, By Dental (2021-2030) ($MN)
- Table 104 Middle East & Africa Automated Suturing Devices Market Outlook, By Gastrointestinal (2021-2030) ($MN)
- Table 105 Middle East & Africa Automated Suturing Devices Market Outlook, By Gynecological (2021-2030) ($MN)
- Table 106 Middle East & Africa Automated Suturing Devices Market Outlook, By Ophthalmic (2021-2030) ($MN)
- Table 107 Middle East & Africa Automated Suturing Devices Market Outlook, By Orthopedic (2021-2030) ($MN)
- Table 108 Middle East & Africa Automated Suturing Devices Market Outlook, By Trauma cases (2021-2030) ($MN)
- Table 109 Middle East & Africa Automated Suturing Devices Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 110 Middle East & Africa Automated Suturing Devices Market Outlook, By End User (2021-2030) ($MN)
- Table 111 Middle East & Africa Automated Suturing Devices Market Outlook, By Clinics (2021-2030) ($MN)
- Table 112 Middle East & Africa Automated Suturing Devices Market Outlook, By Ambulatory Surgery Centers (2021-2030) ($MN)
- Table 113 Middle East & Africa Automated Suturing Devices Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 114 Middle East & Africa Automated Suturing Devices Market Outlook, By Other End Users (2021-2030) ($MN)
