The global automated suturing devices market, valued at USD 3.2 billion in 2023, is poised for significant expansion, projected to reach USD 6.5 billion by 2033. This remarkable growth, reflecting a compound annual growth rate (CAGR) of 7.4% over the next decade, underscores the increasing demand for innovative surgical solutions.
The surge in market value is driven by several key factors, including advancements in surgical technologies, a rising prevalence of surgeries worldwide, and an increasing preference for minimally invasive procedures (MIS). Automated suturing devices are essential in meeting these demands, offering enhanced precision, reducing operation times, and facilitating quicker recovery periods—benefits crucial for both healthcare providers and patients.
“Several leading players are aiming for clearance from the United States Food and Drug Administration to launch advanced automated suturing devices. With focus on technological improvements on cards, the market is expected to gain momentum in the coming years,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Key Growth Drivers:
- Rising Prevalence of Chronic Diseases: The growing incidence of chronic conditions such as heart disease and obesity is leading to an increase in surgical interventions. Automated suturing devices provide greater precision compared to traditional methods, making them ideal for MIS.
- Expanding Applications: These devices are finding applications across various surgical fields, including orthopedics, gynecology, ophthalmology, and cardiovascular surgery, further propelling market growth.
- Increasing Geriatric Population: With a rising elderly demographic susceptible to age-related health issues requiring surgical intervention, coupled with the growing number of trauma cases, market demand for automated suturing devices is expected to escalate.
- Collaborative Innovations: The market is witnessing a surge in collaborations and agreements among industry players, fostering innovation and expanding product offerings. The introduction of advanced devices specifically designed for bariatric surgery is anticipated to significantly contribute to market growth.
Challenges and Opportunities:
Despite the promising outlook, the market faces challenges such as limited resources and infrastructure in developing countries and the high cost of automated suturing devices, which can affect affordability for some healthcare institutions. However, the growing demand for efficient and precise surgical procedures, alongside ongoing technological advancements, is expected to create new opportunities and help overcome these challenges in the coming years.
As the automated suturing devices market continues to evolve, it remains clear that innovative solutions will be paramount in enhancing surgical practices and improving patient care globally.
Key Takeaways from FMI’s Automated Suturing Devices Market Study:
- The global market is estimated to secure a CAGR of 7.4% with a valuation of USD 6.5 billion by 2033.
- In the historical period, the global market secured a CAGR of 6.0% between 2018 and 2022.
- The United States is anticipated to dominate the global market by capturing a maximum share of 31.9% by 2033.
- With a share of 4.8%, Germany is significantly driving the global market during the forecast period.
- The automated suturing devices market in the U.S. will witness positive growth owing to rising prevalence of cardiovascular diseases and requirement for invasive procedures in the country.
- France will find lucrative opportunities during the forecast period as according to the Organization of Economic Cooperation and Development, approximately 148075 minimal invasive surgeries took place in France in 2018. The country also has presence of several manufacturers such as Guerbet, Sanofi, and others.
- Disposable automated suturing devices are expected to lead the product segment as they are cost-effective. Rising demand for laparoscopy and minimally invasive procedures are also encouraging demand for the same.
- Hospitals will exhibit high demand for automated suturing devices since they receive a higher footfall of patients on a daily basis.
Key Companies Profiled:
- Apollo Endosurgery
- Medtronic Plc.
- Boston Scientific Corporation
- C.R Bard Inc.
- EndoEvolution LLC
- LSI Solutions Inc.
- SuturTek Inc.
Automated Suturing Devices Market Segmentation:
By Product:
- Reusable
- Disposable
By Application:
- Minimally Invasive Surgeries
- Open Surgeries
- Trauma Cases
By End Use:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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