Automated Suturing Devices Market Size - By Type (Reusable, Disposable), By Application (Open Heart Surgery, Minimally Invasive surgery, Trauma Cases), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics) & Forecast, 2021 - 2027

Automated Suturing Devices Market Size - By Type (Reusable, Disposable), By Application (Open Heart Surgery, Minimally Invasive surgery, Trauma Cases), By End-use (Hospitals, Ambulatory Surgical Centers, Clinics) & Forecast, 2021 - 2027

Automated Suturing Devices Market Size

Automated Suturing Devices Market size exceeded USD 640 million in 2020 and is anticipated to grow at a CAGR of over 6% between 2021 and 2027. with increasing demand for automated sutures and growing awareness among the population, the market will witness lucrative growth in the coming years.
 

Growing prevalence of chronic diseases is one of the major factors driving the expansion of automated suturing device market. According to the Centers for Disease Control and Prevention, 6 in 10 adults in the U.S. suffer from chronic disease. Hence, rising chronic condition has led to an increase in minimally invasive surgeries such as endoscopic surgery, laparoscopic surgery, arthroscopy, bronchoscopy and, hysteroscopy among others.
 

Increasing geriatric population base coupled with rising number of surgical procedures will boost the market growth. According to report published by WHO in 2016, the estimated mean global surgical rate was 4,469 procedures per 100,000 people per year. Moreover, increasing trauma and accidents will accelerate the number of surgical procedures during the forecast period.
 

Automated suturing devices market has experienced a negative impact during the pandemic. The sudden outbreak of COVID-19 has restricted various surgical procedures due to which demand for automated sutures decreased. Furthermore, increasing number of cases has led to deferral in elective surgeries. However, with the relaxations in guidelines is expected to impel optimum supply and demand for automated sutures. The market is poised to regrow at robust pace owing to reopening and relaxation in COVID-19 protocols. Numerous patients waiting for surgical procedures will impact the surgery rate and product adoption in the coming years.
 

Automated Suturing Devices Market Analysis

Reusable segment held more than 33% of the market share in 2020. Growing demand for minimally invasive surgeries will stimulate demand for reusable automated suturing devices. The reusable automated suturing devices are resistant to infection through sterilization procedures and cause minimal tissue injury. Additionally, reusable device is cost-effective and easily available that is slated to spur customer preference and thereby the segment growth.
 

Open surgery segment in the automated suturing devices market is predicted to showcase 6.1% growth rate through 2027. Expanding geriatric population coupled with high incidence of cardiac diseases are propelling the number of open surgeries. According to the data published by the American Heart Association, about 500,000 open heart surgeries are performed in the U.S. every year.
 

Hospitals end-use segment is set to reach USD 420 million by 2027. Rising number of surgeries performed in hospitals coupled with presence of skilled staff in hospital will foster the segment revenue. In addition, increasing number of patient visits to multispecialty as well as small-sized hospitals will influence the segment expansion.
 

North America automated suturing devices market accounted for more than 33% of revenue share in 2020. The growing number of road accidents and trauma cases has led to significant rise in surgical procedures. According to the Association for Safe International Road Travel, around 4.4 million people are injured every year in the U.S. This will stimulate demand for automated sutures to perform efficient surgeries. Moreover, high healthcare spending capacity and acceptance of automated equipment will positively impact the regional growth.
 

Automated Suturing Devices Market Share

The global market consists of several players including

• Medtronic
• Smith & Nephew, Inc.
• Apollo Endosurgery, Inc
• B. Braun Melsungen AG
• Ethicon, Inc. (Johnson & Johnson) and Becton
• Dickinson & Company

These companies are involved in partnerships, acquisitions and product launches to increase their market presence.

This market research report on automated suturing devices includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments

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Market, By Type

• Reusable
• Disposable

Market, By Application

• Open Heart Surgery
• Minimally Invasive Surgery
• Trauma
• Others

Market, By End-use

• Hospitals
• Ambulatory Surgery Centers
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE