PUBLISHER: The Business Research Company | PRODUCT CODE: 1588797
PUBLISHER: The Business Research Company | PRODUCT CODE: 1588797
Automated suturing devices are sophisticated surgical tools designed to perform suturing tasks with minimal manual intervention. These devices use automated mechanisms to place and secure sutures, improving precision, efficiency, and consistency during surgical procedures. They help streamline the suturing process, reduce operation time, and enhance patient outcomes by minimizing human error and optimizing suture placement.
The primary types of automated suturing devices are reusable and disposable. Reusable devices are intended for multiple uses after proper cleaning and sterilization. They are applied in various settings, including open heart surgery, minimally invasive surgery, trauma care, and more, and are used across different end-users such as hospitals, ambulatory surgical centers, and other healthcare facilities.
The automated suturing devices market research report is one of a series of new reports from The Business Research Company that provides automated suturing devices market statistics, including automated suturing devices industry global market size, regional shares, competitors with a automated suturing devices market share, detailed automated suturing devices market segments, market trends and opportunities, and any further data you may need to thrive in the automated suturing devices industry. This automated suturing devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automated suturing devices market size has grown strongly in recent years. It will grow from $2.99 billion in 2023 to $3.22 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth during the historic period can be attributed to the increase in surgical procedures, advancements in minimally invasive surgeries, the rising prevalence of chronic diseases, technological innovations, an aging population, improved healthcare infrastructure, and a surge in cosmetic surgeries.
The automated suturing devices market size is expected to see strong growth in the next few years. It will grow to $4.38 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth projected for the forecast period can be attributed to the increasing incidence of accidents and trauma, a growing adoption of robotic surgery, a focus on reducing surgical complications, rising healthcare spending, a surge in outpatient surgeries, government initiatives, and enhanced awareness and training programs. Key trends expected include integration with robotic systems, the development of smart suturing devices, miniaturization of devices, the use of biodegradable sutures, the incorporation of AI and machine learning, improved ergonomics and user-friendly designs, and expansion into emerging markets.
The increasing incidence of accidents and trauma cases is expected to drive the growth of the automated suturing devices market in the future. Accidents and trauma cases involve unexpected events that result in physical injury or harm to individuals. The rise in such incidents can be attributed to factors like greater urbanization, more vehicle use, hazardous work environments, and high-risk activities. Automated suturing devices improve the efficiency of surgical procedures for these cases by enhancing precision, reducing operation time, and minimizing complications. For instance, in February 2023, the National Highway Traffic Safety Administration reported that traffic accident fatalities in the US rose to 42,915 in 2021, a 10.5% increase from 38,824 in 2020. Additionally, deaths from multi-vehicle accidents and city streets increased by 16% in 2021 compared to 2020. Consequently, the rising number of accidents and trauma cases is contributing to the growth of the automated suturing devices market.
Leading companies in the automated suturing devices market are focusing on developing advanced products like suture delivery canisters to improve surgical efficiency and safety. Suture delivery canisters are designed to prevent needle loss, reduce manual handling, and enhance safety by securely containing discarded needles. For example, in February 2023, Origami Surgical Inc., a US-based medical device manufacturer, received expanded FDA approval for its StitchKit device, allowing its use with any existing 8mm trocar incision during robotic-assisted surgeries. This update enables the device to be compatible with smaller trocars, which are increasingly used as procedures move towards smaller port sizes. The StitchKit device includes all necessary sutures and a SHARPS container for safe needle disposal, reducing needle loss risk and minimizing needle transfers. At the end of the procedure, the StitchKit can be removed along with the trocar using a retrieval string, simplifying the process and improving surgical outcomes.
In April 2023, Boston Scientific Corporation, a US-based medical technology firm, acquired Apollo Endosurgery Inc. for an undisclosed amount. This acquisition is intended to strengthen Boston Scientific's capabilities in endoluminal surgery (ELS) and endobariatrics. Apollo Endosurgery Inc. is a US-based company specializing in minimally invasive devices, including automated suturing devices.
Major companies operating in the automated suturing devices market are 3M Company, Medtronic plc, Medline Industries Inc., Stryker Corporation, Boston Scientific Corporation, B. Braun Medical Inc., Zimmer Biomet Holdings Inc., Olympus Corporation, Terumo Corporation, Intuitive Surgical Inc., Smith And Nephew plc, Ethicon Inc., Cook Medical Inc., Merit Medical Systems Inc., Conmed Corporation, LivaNova PLC, Haemonetics Corporation, LSI Solutions Inc, Mellon Medical B.V., EndoEvolution LLC
North America was the largest region in the automated suturing devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated suturing devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automated suturing devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automated suturing devices market consists of sales of automated suturing systems, robotic-assisted suturing devices, endoscopic suturing devices, and laparoscopic suturing devices. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automated Suturing Devices Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automated suturing devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automated suturing devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automated suturing devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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