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Automated Suturing Devices Market Report and Forecast 2023-2031

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    Report

  • 140 Pages
  • April 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797981
The global automated suturing devices market size attained a value of USD 891.8 million in 2022. The market is anticipated to grow at a CAGR of 6.3% during the forecast period of 2023-2031 to attain a value of USD 1545.5 million by 2031.

Automated Suturing Devices Market: Introduction

Automated suturing devices are advanced medical instruments designed to facilitate the process of suturing, or stitching, during surgical procedures. These devices are used to close surgical incisions or wounds with minimal manual intervention from the surgeon. The primary uses and benefits of automated suturing devices include the following:
1. Improved precision and accuracy: Automated suturing devices provide a high level of precision and accuracy when placing sutures, ensuring that the stitches are consistently placed at the desired depth and spacing. This can lead to better wound healing and reduced scarring.
2. Reduced surgery time: By automating the suturing process, these devices can significantly reduce the time it takes to close an incision or wound. This can lead to shorter overall surgery times, which may decrease the risk of complications and minimize patient discomfort.
3. Enhanced efficiency: Automated suturing devices can help streamline surgical procedures, making them more efficient for the surgeon and the surgical team. This may result in reduced costs and increased productivity in the operating room.
4. Ergonomic design: Automated suturing devices are often designed with ergonomics in mind, reducing strain on the surgeon's hands and wrists. This can help minimize the risk of repetitive stress injuries and make it easier for the surgeon to perform complex or lengthy procedures.
5. Consistency and reliability: Automated suturing devices offer consistent and reliable performance, ensuring that sutures are placed uniformly and securely throughout the surgery. This can lead to improved patient outcomes and reduced risk of complications related to suturing errors.
6. Adaptability: Many automated suturing devices are compatible with various types of sutures and can be used for different surgical applications, making them a versatile addition to a surgeon's toolkit.

In summary, automated suturing devices are advanced medical instruments that offer improved precision, accuracy, efficiency, and adaptability in surgical procedures. Their use can lead to reduced surgery time, enhanced ergonomics, and better patient outcomes.

Automated Suturing Devices Market Segmentations

The market can be categorised into type, application, end user, and region.

Market Breakup by Type

  • Disposable
  • Reusable

Market Breakup by Application

  • Cardiovascular
  • Orthopaedic
  • Gastrointestinal
  • Ophthalmic
  • Dental
  • Gynaecology
  • Others

Market Breakup by End User

  • Ambulatory Surgical Centres
  • Hospitals
  • Clinics

Market Breakup by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Automated Suturing Devices Market Scenario

The global automated suturing devices market is driven by the increasing demand for advanced medical instruments that enhance surgical precision, efficiency, and patient outcomes. Automated suturing devices are used in a variety of surgical procedures, including general surgery, cardiovascular surgery, orthopaedic surgery, and plastic surgery, among others. The market encompasses the development, production, distribution, and sales of automated suturing devices, as well as research and development of new and improved technologies.

Market Drivers

Key factors propelling the automated suturing devices market include the rising number of surgical procedures worldwide, technological advancements in surgical instruments, and the growing emphasis on reducing surgical times and improving patient outcomes. Additionally, the market is driven by the increasing adoption of minimally invasive surgeries, which require precise and efficient suturing techniques. Furthermore, the aging global population and the prevalence of chronic diseases that may necessitate surgical intervention contribute to the market's growth.

Market Challenges

Despite the growing demand for automated suturing devices, the market faces some challenges. High costs associated with these devices and the requirement for skilled professionals to operate them may limit their adoption, particularly in low- and middle-income countries where healthcare resources are constrained. Furthermore, stringent regulatory requirements and the need for extensive clinical trials for new devices may also pose barriers to market growth.

Regional Analysis

Geographically, the global automated suturing devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the market due to its advanced healthcare infrastructure, increased adoption of minimally invasive surgeries, and the presence of key market players. Europe follows closely, while Asia-Pacific is anticipated to be the fastest-growing region due to the increasing prevalence of chronic diseases, improving healthcare infrastructure, and rising healthcare expenditures in the region.

Future Outlook

The automated suturing devices market is expected to continue growing in the coming years, primarily driven by the increasing number of surgical procedures, technological advancements, and the adoption of minimally invasive surgeries. As new technologies emerge and healthcare systems continue to evolve, the market may experience increased access to automated suturing devices, leading to improved surgical efficiency and patient outcomes worldwide.

Key Players in the Global Automated Suturing Devices Market

The report gives an in-depth analysis of the key players involved in the automated suturing devices market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
  • Medtronic plc
  • Smith & Nephew plc
  • Apollo Endosurgery, Inc
  • Sutrue Limited
  • Mellon Medical B.V
  • Boston Scientific Corporation
  • EndoEvolution
  • LSI Solutions, Inc
  • Apollo Endosurgery
  • DemeTECH Corporation

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Automated Suturing Devices Market Overview
3.1 Global Automated Suturing Devices Market Historical Value (2016-2022)
3.2 Global Automated Suturing Devices Market Forecast Value (2023-2031)
4 Global Automated Suturing Devices Market Landscape
4.1 Global Automated Suturing Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Automated Suturing Devices Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Application
4.2.3 Analysis by End User
5 Global Automated Suturing Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Automated Suturing Devices Market Segmentation
6.1 Global Automated Suturing Devices Market by Type
6.1.1 Market Overview
6.1.2 Disposable
6.1.3 Reusable
6.2 Global Automated Suturing Devices Market by Application
6.2.1 Market Overview
6.2.2 Cardiovascular
6.2.3 Orthopaedic
6.2.4 Gastrointestinal
6.2.5 Ophthalmic
6.2.6 Dental
6.2.7 Gynaecology
6.2.8 Others
6.3 Global Automated Suturing Devices Market by End User
6.3.1 Market Overview
6.3.2 Ambulatory Surgical Centres
6.3.3 Hospitals
6.3.4 Clinics
6.4 Global Automated Suturing Devices Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Automated Suturing Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Automated Suturing Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Automated Suturing Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Automated Suturing Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Automated Suturing Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Medtronic plc
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Smith & Nephew plc
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Apollo Endosurgery, Inc.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Sutrue Limited
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Mellon Medical B.V.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Boston Scientific Corporation
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 EndoEvolution
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 LSI Solutions, Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Apollo Endosurgery
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 DemeTECH Corporation
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Global Automated Suturing Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Medtronic plc
  • Smith & Nephew plc
  • Apollo Endosurgery, Inc.
  • Sutrue Limited
  • Mellon Medical B.V.
  • Boston Scientific Corporation
  • Endoevolution
  • Lsi Solutions, Inc.
  • Apollo Endosurgery
  • Demetech Corporation

Methodology

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Table Information