Published Date: September 2024
Automated suturing devices are used in suturing operations mostly in open surgical and minimally invasive surgery procedures, the devices are of two types disposable automated suturing devices and reusable automated suturing devices, which are sewn around the skin and knotted and capable. As more individuals are opting for bariatric surgery as the prevalence of obesity is increasing, the automated suturing devices are now in demand. Further, rising accidents are expected to increase the number of surgical procedures and thereby drive the market growth over the forecast period.
Moreover, automated suturing devices have greatly simplified the procedure and allowed less-experienced surgeons to safely and efficiently perform laparoscopic suturing and knot tying. However, increasing use of automated suturing devices in laparoscopic operations is expected to provide significant opportunities for the growth of the global automated suturing devices market in the coming years. Analytical Standards Market Size was valued at USD 1.7 Billion in 2024 and is expected to reach USD 3.7 Billion by 2034 growing at a CAGR of 8.9%.
The report “Automated Suturing Devices Market, By Product (Disposable, Reusable), By Application ( Cardiac, Orthopedic, Gastrointestinal, Ophthalmic), By End User (Clinics, Ambulatory Surgery Centers, Hospitals) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends Analysis and Forecast till 2034"
Key Highlights:
- In November 2022, Boston Scientific Corporation announced in November that it had entered into a definitive agreement to acquire Apollo Endosurgery, Inc., for a cash price of $10 per share, reflecting an enterprise value is approximately $615 million.
- A UK based company Sutrue, debuted in new 3D printed automated suturing devices at The Design Museum, London.
Analyst View:
Suturing devices are most important and useful for suturing operations, covering wounds or repairing injuries. Automatic suturing devices work with minimal incisions, minimal blood loss, reduced needle wounds and infection-free suturing that play a vital role in the outcome of surgical procedures, the complexity of some surgical procedures is markedly reduced by automatic suturing devices. This also enables surgeons to work in tight spaces during advanced laparoscopic procedures and allow tissue to reach its natural anatomical position, rather than pulling or manipulating tissue with suturing devices, which all in favors for automated suturing devices market.
Key Market Insights from the report:
The Automated Suturing Devices Market is segmented based on Product, Application, End User and Region.
- Based on Product, Automated Suturing Devices Market is segmented into Disposable, Reusable.
- Based on Application, Automated Suturing Devices Market is segmented into Cardiac, Orthopedic, Gastrointestinal, and Ophthalmic.
- Based on End user, Automated Suturing Devices Market is segmented into Clinics, Ambulatory Surgery Centers, and Hospitals.
- By Region, the Automated Suturing Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Competitive Landscape & their strategies of Automated Suturing Devices Market:
The prominent players operating in the Automated Suturing Devices Market includes, Medtronic PLC, Boston Scientific, C.R Bard Inc., Apollo Endosurgery, Endo Evolution LLC, LSI Solutions Inc., SaturTek Inc., B.Braun, Melsungen AG, Peters Surgical, Smith & Nephew, Inc., Baxter International, Inc., and Ethicon, Inc. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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