The automated suturing devices global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automated Suturing Devices Market, 2024The automated suturing devices global market report 2024
Market Size –
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 in the historic period can be attributed to increasing surgical procedures, advancements in minimally invasive surgeries, rising prevalence of chronic diseases, technological innovations, aging population, improved healthcare infrastructure, and 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 8.0%. The growth in the forecast period can be attributed to rising incidence of accidents and trauma, growing adoption of robotic surgery, focus on reducing surgical complications, increased healthcare spending, surge in outpatient surgeries, government initiatives, and growing awareness and training programs. Major trends in the forecast period include integration with robotic systems, development of smart suturing devices, miniaturization of devices, use of biodegradable sutures, incorporation of AI and machine learning, enhanced ergonomics and user-friendly designs, and expansion into emerging markets.
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Scope Of Automated Suturing Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automated Suturing Devices Market Overview
Market Drivers –
A growing number of accidents and trauma cases is expected to stimulate the growth of the automated suturing devices market moving forward. Accidents and trauma cases refer to unforeseen events that result in physical injuries or harm to individuals. The increasing occurrence of such incidents can be linked to factors such as urbanization, heightened vehicle usage, hazardous working environments, and high-risk behaviors. Automated suturing devices enhance the efficiency of surgical procedures for treating accidents and trauma cases while improving patient outcomes, reducing surgery time, and minimizing complications. For instance, in February 2023, the National Highway Traffic Safety Administration, a U.S. federal agency, reported that 42,915 individuals died in traffic accidents involving motor vehicles in 2021, representing a 10.5% increase from the 38,824 fatalities recorded in 2020. Moreover, deaths resulting from multi-vehicle accidents and incidents on city streets rose by 16% in 2021 compared to the previous year. Consequently, the growing number of accidents and trauma cases is expected to drive the automated suturing devices market.
Market Trends –
Major companies operating in the automated suturing devices market are focusing on developing technologically advanced products, such as suture delivery canisters, to enhance surgical efficiency and safety. A suture delivery canister reduces the risk of needle loss, minimizes manual handling, and improves overall safety by keeping discarded needles securely contained. For instance, in February 2023, Origami Surgical Inc., a US-based manufacturer of medical devices, received expanded FDA clearance for its StitchKit device, now approved for use through any existing 8mm trocar incision during robotic-assisted surgeries. The updated FDA clearance means StitchKit can be used with smaller 8mm trocars, which are becoming more common as procedures shift to smaller port sizes. The device includes all necessary sutures and a SHARPS container for needle disposal, improving safety by reducing the risk of needle loss and minimizing exposed needle transfers. At the end of the procedure, StitchKit can be removed using a retrieval string along with the trocar, streamlining the process and enhancing surgical outcomes.
The automated suturing devices market covered in this report is segmented –
1) By Type: Reusable, Disposable
2) By Application: Open Heart Surgery, Minimally Invasive Surgery, Trauma, Other Applications
3) By End Use: Hospitals, Ambulatory Surgical Centers, Other End Uses
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Regional Insights –
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.
Key Companies –
Major companies in the 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
Table of Contents
1. Executive Summary
2. Automated Suturing Devices Market Report Structure
3. Automated Suturing Devices Market Trends And Strategies
4. Automated Suturing Devices Market – Macro Economic Scenario
5. Global Automated Suturing Devices Market Size and Growth
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32. Global Automated Suturing Devices Market Competitive Benchmarking
33. Global Automated Suturing Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automated Suturing Devices Market
35. Automated Suturing Devices Market Future Outlook and Potential Analysis
36. Appendix
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