Automated Suturing Devices Market Overview
Automated Suturing Devices market is expected to reach USD 5.7 Billion by 2030 at 6.1% CAGR during the forecast period 2022-2030. Automated Suturing Devices are equipment that helps the medical practitioner, especially a surgeon, to suture, i.e., the wounds. With minimal invasion or open surgeries and maximum accuracy, the surgeon uses Automated Suturing Devices for applications, including gynecology, orthopedic, cardiovascular surgery, ophthalmology, etc. These devices are both manually and automatically operated, resulting in the accurate solution to a person’s injury.
The availability of the Automated Suturing Appliance is in both form reusable and disposable. However, keeping safety concerns and preventive measures a priority, surgeons prefer to use disposable ones most of the time. Therefore, this leads to the growth in the value of Automated Suturing Devices Market Share.
The outbreak of COVID-19 has changed the dynamics of everything, especially when it comes to the medical field. As the new variant of this virus develops and every other day people are coming across the evolved form of this virus, the Automated Suturing Equipment is becoming popular.
The main reason for the growth of the Automated Suturing Devices Market Size is the increment in the geriatric population, i.e., the old generation. The population belonging to this age group requires medical treatment on a regular interval, hence increasing the Automated Suturing Devices Market Value. In addition, the rise in the introduction and advancement in the surgical processes has also resulted in the growing demand for Automated Suturing appliances.
Apart from this, chronic disease prevalence is another leading factor of the Automated Suturing Devices Market. As per the survey, there are six people diagnosed with chronic disorder out of ten in the U.S. Hence, reflecting in the rise of surgical processes like hysteroscopy, endoscopic surgery, arthroscopy, laparoscopic surgery, and bronchoscopy. Besides, obesity, acceleration in accidents, and trauma cases are other driving factors of the Automated Suturing Devices Market.
One never knows when they may require any sort of medical emergency, and there is no operation that can be undertaken without the aid of devices. As per the Automated Suturing Devices Market Trends, the need for such equipment in laparoscopic treatments has increased the demand for these devices.
The use of Automated Suturing Devices now overtakes the conventional use of automated staplers. This increase is due to the advancement in suture technology and combined needles. The surgeons prefer to utilize these devices as there is less bleeding and a rare chance of spreading the infections. Moreover, the sutures in these devices can either be non-absorbable or absorbable.
Presently, companies have also started investing in the research & development area to develop the design, technology, introduction of new products, development in the existing portfolios of the products, etc. The Automated Suturing Devices companies are focussing on offering ergonomic products, where the handling of complex and challenging treatment becomes easier.
Automated Suturing Machines usage is prevailing these days with the increase in the count of patients due to various reasons. However, there are certain limitations that may obstruct the growth of these devices. The major reason is the scarcity and inefficiency of the professionals dealing with such devices.
In addition, the growth rate will also hamper when the availability of these types of Suturing Devices doesn’t match with the expectation with respect to the quality. Not many of the clinics and hospitals are able to facilitate various surgical procedures using automated equipment due to their hefty pricing. Hence, all the factors restraints the Automated Suturing Devices Market Growth.
The major cause that may affect the Automated Suturing Devices Market is the high cost of these devices. It makes the availability of the equipment scarce in general clinics and medical organizations. Apart from this, lack of knowledge about the advancement in the technology and skills of the professionals also puts a pause in the development of its usage.
- Cumulative Growth Analysis
By overcoming the shortcomings and with various drivers, there is a fair chance of seeing the growth in the development of the Automated Suturing Devices Market.
Value Chain Analysis
The value chain involves the transmission of business entities between the producer and the buyer primarily. However, the goods and services can further be transferred to the other buyers; this process continues until all the stake owners receive profit from the transaction.
With the awareness among people, development in the skills of professionals, understanding market structure, advancement in technology, the supply chain can show desirable growth. The in-depth research will help the company to understand the market value and appropriate strategy for the competitive advantage of the Automated Suturing Devices Market.
The use of Automated Suturing Devices is common in the developed countries of the world, having top-leading companies offering the devices. With respect to the market segmentation, the Automated Suturing Devices Market is divided into source, product type, application, end-users, and regions. The complete overview of each segment is discussed below:
o Smith and Nephew plc
o Medtronic plc
o Apollo Endosurgery
o North America
o South America
o The African & Middle East Areas
o Ambulatory/Outpatient Surgical Center
o Clinics and hospitals
Regionally, the market of Automated Suturing Devices spreads in the areas of North America, South America, Europe, Asia Pacific, Africa, and the Middle East. As per the analysis of the 2019 report, the market of Automated Suturing Devices was fully dominated by North America. The market drivers like chronic disorders, accidents, geriatric population requirements have increased the demand for these instruments in other areas as well.
According to the 2019 International Journal of Environmental Research and Public Health report, diseases like diabetes, obesity, overweight, and hypertension are prevalent in India. And according to the research held by WHO report in the year 2016, the surgical rate worldwide was approximately 4,469 operations every year, per 100,000 individuals.
According to the World Road Statistic report 2018, India ranks at the first position with respect to the mortality rate in road accidents. This survey included 199 countries across the world, in which China and America are following the leads after India.
The key players hold a vital position when it comes to uplifting the marketing trend and growth of the instruments. A key player involves various marketing strategies, including product launching, collaboration, new venturing, acquisitions, merging, and dealing.
Here is the list of major companies offering Automated Suturing Devices:
- Baxter International, Inc
- SuturTek, Inc
- Smith and Nephew, Inc
- R.Bard, Inc
- Surgical Specialties Corporation
- Becton, Dickson, and Company
- Apollo Endosurgery, Inc
- LSI Solutions, Inc
- Boston Scientific
- DemeTECH Corporation
- Mellon Medical B.V.
- Braun Melsungen AG, etc.
Given below is the list of Automated Suturing Devices Market Outlook, which is included in this market report.
o Market Overview
o COVID-19 Analysis
o Market Dynamics
o Value Chain Analysis
o Market Segmentation
o Regional Analysis
o Competitive Analysis
o Recent Development
USD 5.7 Billion
Value (USD Billion)
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Type, Application and End-Use
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Ethicon, Inc., Medtronic plc, B. Braun Melsungen AG, Smith& Nephew plc, Boston Scientific Corporation, DemeTECH Corporation, EndoEvolution, LLC., Apollo Endosurgery, Inc., Surgical Specialties Corporation, and Mellon Medical B.V
Key Market Opportunities
Technology advancement in surgical devices having applications in various fields of medicine such as dentistry, gynaecology, cardiology, urology, and others.
Key Market Drivers
The growing geriatric population and rise in the number of surgical procedures. Increase in the adoption rate of minimally invasive procedures.
Automated Suturing Devices Market Highlights:
Frequently Asked Questions (FAQ) :
The Automated Suturing Devices Market valuation USD 5.7 Billion by 2030.
Automated Suturing Devices Market is Expected CAGR is 6.1% during the forecast period of 2022-2030
Medtronic plc, B. Braun Melsungen AG, Smith& Nephew plc, Boston Scientific Corporation, DemeTECH Corporation, EndoEvolution, LLC., Apollo Endosurgery, Inc., Surgical Specialties Corporation, and Mellon Medical B.V
The reusable segment would dominate.
The cardiac segment would lead.
Key Questions Answered
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