The global automated suturing device market size was significantly robust in 2022 and is expected to register a rapid revenue CAGR over the forecast period. Automated suturing device market revenue growth is primarily driven by the rise in various surgical procedures globally.
An automated suturing device is a used in surgery for suturing purposes. Automated suturing device is an alternative to hand suturing. These automated suturing devices help in saving time and are easily manageable and also cost-efficient. Automated suturing devices can be operated manually or automatically. These devices are available in both reusable and disposable forms.
Some of the factors supporting market growth
Drivers:
Increasing prevalence of surgical procedures in various chronic diseases related to gastrointestinal, cardiac, orthopedic, and gynecology which increases the demand for automated suturing devices is one of the major factors driving revenue growth of the automated suturing device market.
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Increase in the geriatric population requiring surgery for various reasons increases the demand for the automated suturing device and thus contributes to the market revenue growth of automated suturing devices.
Increase in accidents and trauma cases that require surgical treatment increases the demand for the automated suturing device and thus drives revenue growth of the automated suturing device market.
Technological advancements in the suturing device increases the demand for the device supporting the growth of automated suturing devices.
Restraints:
High cost of the automated suturing device and the lack of skilled professionals aware of its proper application are the major factors restraining revenue growth of the automated suturing device market.
Also, the low availability of the device in low economic regions impedes revenue growth of the automated suturing device market.
Opportunities:
Technological advancements in the surgical device and major key players of automated surgical devices focusing on cost reduction of the device to reduce the overall cost required for its application, improved healthcare facilities, and increase in government investment in the healthcare sector will witness lucrative growth opportunities in the forecast period.
Geographic Market Scenario
Largest Market Share:
Among regional markets for the automated suturing device, North America emerged to be the largest with the highest revenue share. Revenue growth in North America is attributed to rising healthcare expenditure, increasing awareness, and rising surgical procedures in this region.
Fastest Growing Market:
Market in Asia Pacific is expected to register the fastest revenue growth rate over the forecast period. The rising number of patients requiring surgery, and government initiatives to promote awareness are some of the factors responsible for the market growth in the region. Also, the presence of large population is one of the factors expected to positively impact the automated suturing device market growth ahead.
Key market trends and innovation
- No recent development.
Major Companies in the Market
- Boston Scientific Corporation
- Johnson & Johnson
- Smith & Nephew
- Medtronic
- Braun
- Peters Surgical
- Apollo Endosurgery, Inc.
- Becton, Dickinson and Company
- LSI Medience Corporation
- Baxter
- DemeTECH Corporation
What Our Report Provides and Why Our Offering Is Better
This report offers historical data points, forecast, and revenue growth at a global regional & country level, and provide analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023-2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and revenue share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis.
Application Outlook (Revenue, USD Billion; 2023-2032)
- Cardiac
- Orthopaedic
- Gastrointestinal
- Ophthalmic
- Others
Usage Outlook (Revenue, USD Billion; 2023-2032)
- Single use or disposable automated suturing device
- Reusable automated suturing device
Age Outlook (Revenue, USD Billion; 2023-2032)
- Paediatrics
- Adults
- Geriatrics
Gender Outlook (Revenue, USD Billion; 2023-2032)
- Female
- Male
End-User Outlook (Revenue, USD Billion; 2023-2032)
- Hospital
- Ambulatory Surgical Centers (ASC)
- Specialty clinics
Distribution Channel Outlook (Revenue, USD Billion; 2023-2032)
- Offline
- Online
Regional Outlook (Revenue, USD Billion; 2023-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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