The global Automated Suturing Devices Market size is estimated to be worth US$ 6.2 billion by 2032, with a CAGR of 7.46% from 2022 to 2032. The market’s growth can be attributable to the rising prevalence of chronic diseases and the growing preference for less invasive surgeries. From 2017 to 2021, the market expanded at a 7.2% CAGR.
Manufacturers are adopting a variety of steps to introduce new items to the market. Genesis MedTech signed a deal with LivsMed in 2021 to expand sales and distribution of the ArtiSential TM product line in China and Singapore. The ArtiSential TM range is a collection of articulating laparoscopic instruments designed to provide the operator with fully articulating, wristed mobility during laparoscopic surgery. Ethicon US, LLC introduced a variety of automated surgical suturing devices in 2018, including the ECHELON FLEX GST System, the HARMONIC HD 1000i, the 3 STRATAFIX Knotless Tissue Control Device, and others, with the goal of providing superior suturing for bariatric procedures.
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The market is expected to gain from the increased popularity of bariatric surgery as obesity prevalence rises throughout the forecast period. In India, the prevalence of overweight, hypertension, obesity, and diabetes was 14.6%, 3.4%, 5.2%, and 7.1%, respectively, according to a paper published in the International Journal of Environmental Research and Public Health in October 2019. Furthermore, in 2019, more than 30% of both male and female individuals in the United States reported being obese.
Key Takeaways from the Market Study
- Reusable Automated Suturing Devices will provide the most revenue in 2022, accounting for 49% of total revenue.
- Hospitals will maintain their dominant position in terms of end user, accounting for 56% of the global market in 2021.
- North America will grow at the fastest rate of any region, with a CAGR of 7.5% through 2032.
- APEJ will be the second fastest expanding market for Automated Suturing Devices, with a 6.5% CAGR, with one-third of all Automated Suturing Devices deployed across Europe by 2022 and beyond.
- The global Automated Suturing Devices market revenue is expected to exceed US$ 3 billion by 2022.
“Implementation of modern techniques to provide minimally invasive surgeries and growing cases of chronic illness across the globe will benefit the market significantly in the forthcoming time. Another factor offering remunerative opportunity is the increasing adoption of bariatric surgery owing to the rising obesity,” remarks an FMI Analyst.
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Competition Analysis
Key players
- Apollo Endosurgery
- Medtronic Plc.
- Boston Scientific Corporation
- C.R Bard Inc.
- EndoEvolution LLC
- LSI Solutions Inc.
- SuturTek Inc
Recent Developments in the Industry Include:
- Medtronic announced a relationship with Surgical Theater, a business that sells a Surgery Rehearsal Platform, in April 2021. The venture aimed to connect SynAR’s Surgical Theater augmented reality with Medtronic’s StealthStation S8 surgical navigation system. Also, Medtronic is likely to help surgeons enhance their output by delivering innovative technologies.
- Endomina, an endoscopic medical suture device created by Endo Tools Therapeutics, was licenced by the US Food and Drug Administration in January 2022 for endoscopic placement of sutures in the gastrointestinal tract in adults.
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Key Segments Profiled in the Global Automated Suturing Devices Market
By Product:
- Reusable Automated Suturing Devices
- Disposable Automated Suturing Devices
By Application:
- Minimally Invasive Surgeries
- Open Surgeries
- Trauma Cases
By End Use:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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