Automated Suturing Device Trends and Forecast
The future of the global automated suturing device market looks promising with opportunities in the hospital and ambulatory surgical center markets. The global automated suturing device market is expected to reach an estimated $4.9 billion by 2030 with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are surging prevalence of chronic disorders, rising preference for minimally invasive surgeries, expansion of the healthcare infrastructure in developing countries, and favorable reimbursement policies.A more than 150-page report is developed to help in your business decisions. .
Automated Suturing Device by Segment
The study includes a forecast for the global automated suturing device by product, application, end use, and region.Automated Suturing Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Disposable
- Reusable
Automated Suturing Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Cardiac
- Orthopedic
- Gastrointestinal
- Ophthalmic
- Dental
- Gynecological
- Others
Automated Suturing Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Hospitals
- Ambulatory Surgical Centers
- Others
Automated Suturing Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automated Suturing Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automated suturing device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automated suturing device companies profiled in this report include:- Medtronic
- Boston Scientific
- BD
- LSI Solutions
- Smith & Nephew
- Sutrue
- Apollo Endo-surgery
Automated Suturing Device Market Insights
The publisher forecasts that reusable will remain the larger segment over the forecast period due to its lower costs and easily availability in the market.Within this market, hospital will remain the largest segment due to ease of access and easy hospital availability in other locations, as well as favorable reimbursement policies.
North America will remain the largest region over the forecast period due to surge in aging population and increasing number of surgical procedures.
Features of the Global Automated Suturing Device Market
- Market Size Estimates: Automated suturing device market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automated suturing device market size by product, application, end use, and region in terms of value ($B).
- Regional Analysis: Automated suturing device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different products, applications, end uses, and regions for the automated suturing device market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automated suturing device market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the automated suturing device market size?Answer: The global automated suturing device market is expected to reach an estimated $4.9 billion by 2030.
Q2. What is the growth forecast for automated suturing device market?
Answer: The global automated suturing device market is expected to grow with a CAGR of 7.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automated suturing device market?
Answer: The major drivers for this market are surging prevalence of chronic disorders, rising preference for minimally invasive surgeries, expansion of the healthcare infrastructure in developing countries, and favorable reimbursement policies.
Q4. What are the major segments for automated suturing device market?
Answer: The future of the automated suturing device market looks promising with opportunities in the hospital and ambulatory surgical center markets.
Q5. Who are the key automated suturing device market companies?
Answer: Some of the key automated suturing device companies are as follows:
- Medtronic
- Boston Scientific
- BD
- LSI Solutions
- Smith & Nephew
- Sutrue
- Apollo Endo-surgery
Answer: The publisher forecasts that reusable will remain the larger segment over the forecast period due to its lower costs and easily availability in the market.
Q7. In automated suturing device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to surge in aging population and increasing number of surgical procedures.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automated suturing device market by product (disposable and reusable), application (cardiac, orthopedic, gastrointestinal, ophthalmic, dental, gynecological, and others), end use (hospitals, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automated Suturing Device Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Medtronic
- Boston Scientific
- BD
- LSI Solutions
- Smith & Nephew
- Sutrue
- Apollo Endo-surgery
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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