This Automated Suturing Devices market report covers industry 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.
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%. 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.
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 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 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.
This product will be delivered within 3-5 business days.
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%. 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.
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 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 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automated Suturing Devices Market Characteristics3. Automated Suturing Devices Market Trends and Strategies32. Global Automated Suturing Devices Market Competitive Benchmarking33. Global Automated Suturing Devices Market Competitive Dashboard34. Key Mergers and Acquisitions in the Automated Suturing Devices Market
4. Automated Suturing Devices Market - Macro Economic Scenario
5. Global Automated Suturing Devices Market Size and Growth
6. Automated Suturing Devices Market Segmentation
7. Automated Suturing Devices Market Regional and Country Analysis
8. Asia-Pacific Automated Suturing Devices Market
9. China Automated Suturing Devices Market
10. India Automated Suturing Devices Market
11. Japan Automated Suturing Devices Market
12. Australia Automated Suturing Devices Market
13. Indonesia Automated Suturing Devices Market
14. South Korea Automated Suturing Devices Market
15. Western Europe Automated Suturing Devices Market
16. UK Automated Suturing Devices Market
17. Germany Automated Suturing Devices Market
18. France Automated Suturing Devices Market
19. Italy Automated Suturing Devices Market
20. Spain Automated Suturing Devices Market
21. Eastern Europe Automated Suturing Devices Market
22. Russia Automated Suturing Devices Market
23. North America Automated Suturing Devices Market
24. USA Automated Suturing Devices Market
25. Canada Automated Suturing Devices Market
26. South America Automated Suturing Devices Market
27. Brazil Automated Suturing Devices Market
28. Middle East Automated Suturing Devices Market
29. Africa Automated Suturing Devices Market
30. Automated Suturing Devices Market Competitive Landscape and Company Profiles
31. Automated Suturing Devices Market Other Major and Innovative Companies
35. Automated Suturing Devices Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Automated Suturing Devices Global Market Report 2024 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.
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Description
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 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.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Reusable; Disposable2) By Application: Open Heart Surgery; Minimally Invasive Surgery; Trauma; Other Applications
3) By End Use: Hospitals; Ambulatory Surgical Centers; Other End Uses
Key Companies Mentioned: 3M Company; Medtronic plc; Medline Industries Inc.; Stryker Corporation; Boston Scientific Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Automated Suturing Devices market report include:- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | November 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 3.22 Billion |
Forecasted Market Value ( USD | $ 4.38 Billion |
Compound Annual Growth Rate | 8.0% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |