Global Automated Suturing Devices Market By Product (Disposable, Reusable) Application-(Cardiac, Gynecological, Orthopedic, Ophthalmic, Other Applications) End-Use (Hospitals, Ambulatory Surgical Centers, Other End-Users) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033
- Published date: Jan 2023
- Report ID: 19190
- Number of Pages: 247
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Market Overview
The Global Automated Suturing Devices Market size is expected to be worth around USD 5.6 Billion by 2033 from USD 2.8 Billion in 2023, growing at a CAGR of 7.3% during the forecast period from 2024 to 2033.
The Suturing devices find application in wound coverage and injury repair across various medical fields such as Cardiac, Gynecological, Orthopedic, Ophthalmic, and other specialized medical procedures. These surgical suture devices come in both automatic and manual variants, with a suture needle being employed for surgical closure. While some devices can be reused, disposable suturing devices are prevalent due to their emphasis on patient safety and infection prevention, making them the preferred choice in the medical community.
The Automated Suturing Devices Market report compiles comprehensive information regarding a specific market within various industries. It presents an analysis that encompasses both quantitative and qualitative data, covering the forecast period from 2024 to 2033. This report takes into account numerous factors, including product pricing, market penetration at regional and national levels, country GDP, dynamics of both the primary and secondary markets, industries utilizing the products, prominent market players, consumer behavior, and the economic, political, and social landscapes of countries. To provide a thorough examination, the report is structured into various segments, ensuring a comprehensive analysis from all conceivable angles.
The Automated Suturing Devices Market has been significantly influenced by key revenue drivers, primarily the surge in chronic diseases like cancer (with over 200 types Globally), diabetes, heart diseases, and other conditions necessitating surgical interventions. This trend is expected to drive greater adoption of automated suturing devices. Globally, the prevalence of chronic illnesses is increasing, attributed to factors such as the growing elderly population and shifts in social behaviors. As a result, the demand for automated suturing devices is anticipated to continue rising in response to the escalating need for surgeries related to these common and chronic health conditions.
*Actual Numbers Might Vary In The Final Report
Key Takeaways
- Market Size: Automated Suturing Devices Market size is expected to be worth around USD 5.6 Billion by 2032 from USD 2.8 Billion in 2023.
- Market Growth: The market growing at a CAGR of 7.3% during the forecast period from 2024 to 2033.
- Product Analysis: The reusable automated suturing device segment accounted for 57.2% of the total revenue in 2023.
- Application Analysis:The cardiac segment, which accounted for approximately 29% of the total revenue in 2023.
- End-Use Analysis: In 2023, the hospital segment accounted for 48% of total revenue.
- Regional Analysis: North America was the dominant market for automated suturing devices in 2023, accounting for 36% market share and holding ~USD 1.0 Billion of the total revenue
- Global Expansion: Companies are targeting emerging markets with flourishing healthcare infrastructure to capitalize on new opportunities.
- Sustainability: Some companies are prioritizing eco-friendly materials and sustainable practices when developing automated suturing devices.
- AI Integration: Artificial intelligence integration with robotics is becoming a prominent trend, providing increased precision and usability during suturing procedures.
Product Analysis
In 2023, the reusable automated suturing device segment accounted for 57.2% of the total revenue. Reusable products are leading the market because they resist infection and can be sterilized using appropriate techniques. This also minimizes tissue injury. Reusable automated suturing tools are also affordable and readily available on the market. This will drive the segment’s growth over the forecast period.
Disposable automated suturing devices have quickly become essential tools in modern healthcare, revolutionizing wound closure. These versatile tools offer numerous advantages including precision, efficiency, and infection control. Single-use devices reduce cross-contamination risk and do away with time-consuming instrument sterilization processes. With increasing demands for minimally invasive procedures and emphasis on patient safety, the market for disposable automated suturing devices has experienced tremendous expansion. Healthcare providers increasingly rely on these devices to enhance procedural outcomes, reduce infections at surgical sites and facilitate recovery, making them essential tools within medical technology’s ever-evolving landscape.
Application Analysis
Market share for automated suturing devices was dominated by the cardiac segment, which accounted for approximately 29% of the total revenue in 2023. It was followed closely by the orthopedic segment. This is due to an increase in surgical procedures and the rising prevalence of cardiovascular diseases. Global deaths are being caused by ischemic and coronary heart disease. According to the American Heart Association, cardiac arrest will see an increase of nearly 23.6 million inpatients by 2033. This is expected to drive market growth.
Gynecological procedures utilizing automated suturing devices play an essential part in providing precise and efficient suturing during surgeries such as hysterectomies and cesarean sections, thus decreasing operating time and postoperative complications.
Furthermore, in Orthopedics these tools assist surgeons by closing incisions during joint surgeries while simultaneously securing tissues; and Ophthalmology uses them extensively during delicate eye procedures promoting accuracy while mitigating risks thereby revolutionizing surgical practices with improved patient care and outcomes. Across these specializations automated suturing devices are revolutionizing surgical practices offering improved patient care outcomes as they revolutionise surgical practices offering improved patient care practices with improved surgical practices for greater patient care outcomes than ever before!
End-Use Analysis
In 2023, the hospital segment accounted for 48% of total revenue. This segment is seeing an increase in hospital admissions. Market growth is expected to be boosted by the easy access and availability of hospitals, as well as favorable reimbursement policies. The role of handheld automated suturing devices is crucial in closing wounds in tight places. This helps to speed up recovery and minimize hospital stays.
The advantages of automatic suturing devices are a faster turnaround and quicker recovery. This is why ambulatory care centers and other clinics have been increasingly using them. The growth is expected to be driven by factors such as easy availability and high use in emergency care. The fastest expected growth rate for the ASC sector is between 2024 and 2033.
*Actual Numbers Might Vary In The Final Report
Key Market Segments
Product
- Disposable
- Reusable
Application
- Cardiac
- Gynecological
- Orthopedic
- Ophthalmic
- Other Applications
End-Use
- Hospitals
- Ambulatory Surgical Centers
- Other End-Users
Drivers
Advancements in Surgical Technology
Automated Suturing Devices Market growth has been propelled by advances in surgical technology. Automated suturing devices provide precision and efficiency during suturing processes, eliminating human errors while improving patient outcomes. Surgeons increasingly opting for these automated devices in their surgeries.
Growing Surgical Volumes
As global chronic disease burden and surgical procedure demand increase, automated suturing devices have become a popular solution to ensure efficient and timely procedures are conducted. With increasing surgical volumes comes an ever-increasing need for efficient yet time-efficient suturing solutions that save both resources and time – something automated devices provide.
Trends
Miniaturization and Portability
An exciting trend in the Automated Suturing Devices Market is the creation of miniaturized and portable devices, which offer greater maneuverability during minimally invasive procedures and enable suturing in difficult anatomical locations.
Integrating Robotics and AI
Robotics and Artificial Intelligence (AI) integration within automated suturing devices is becoming an increasing trend, offering greater precision, real-time feedback to surgeons, autonomous suturing capabilities in future practice, revolutionizing surgical practices.
Restraints
High Initial Costs
One of the primary hurdles to market growth for automated suturing devices is their high initial costs, making hospitals and healthcare facilities reluctant to purchase these technologies due to budgetary concerns, particularly in resource-constrained settings.
Regulatory Challenges for Medical Devices
Meeting stringent medical device regulatory requirements can present market players with numerous hurdles. Accomplishing compliance with various global regulators requires time and money, negatively affecting market entry as well as product development processes.
Opportunity
Emerging Markets
There exists a significant growth opportunity in emerging markets where healthcare infrastructure is expanding, as is demand for advanced surgical procedures. Market players could exploit this situation by offering cost-effective automated suturing solutions within these regions.
Innovation in Material Science
Research and development in material science provide a great opportunity for market expansion. New developments such as biodegradable sutures or materials with increased tensile strength could open up entirely new avenues for product creation that meet surgeons’ ever-evolving demands.
Regional Analysis
North America was the dominant market for automated suturing devices in 2023, accounting for 36% market share and holding ~USD 1 Billion of the total revenue. Due to the increasing geriatric population, and a growing number of surgical procedures, the market is expected to continue to lead. Robot-assisted, minimally invasive surgery is gaining popularity. This will also fuel the demand for technological advances in automated suturing.
A rise in road accidents is one reason for an increase in demand for automated suturing machines. The WHO estimates that there are more than 20 million non-fatal injuries each year worldwide. An increase in wound injuries is leading to an increase in wound surgeries. This is expected to have a positive impact on the future growth of the market in automated suturing devices. Burn-related injuries, sports injuries and trauma are all other types of accidents. According to the American Burn Association, 44% of hospital admissions were due to burning injuries. The market’s growth is largely due to the fact that severe injuries require surgical intervention.
The Asia Pacific will experience the fastest growth rate over the forecast period. Market growth in the Asia Pacific is expected to be driven by rising awareness and chronic disorder burden. Local businesses are launching strategic initiatives to commercialize and develop new treatments for patients. This will lead to increased market growth.
*Actual Numbers Might Vary In The Final Report
Key Regions and Countries
North America
- The US
- Canada
- Mexico
Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Key Players Analysis
Key firms engage in tactics like mergers and acquisitions to improve their market position. Key firms are making significant investments in R&D to generate technologically sophisticated products.
Major industry participants are actively implementing strategies including mergers and acquisitions, forming partnerships, innovating new product lines, and offering training services in order to solidify their market presence. Substantial investments are being made by key players in research and development to create cutting-edge technological solutions.
Market Key Players
- Medtronic Plc
- Boston Scientific
- EndoEvolution
- LSI Solutions, Inc.
- Smith & Nephew
- Sutrue
- Apollo Endo-surgery
- B. Braun SE Source
- Other Key Players
Recent Developments
- Medtronic Plc: Medtronic has invested significantly in R&D efforts to advance its automated suturing devices, recently unveiling an upgraded series with increased precision and user-friendly features designed to reduce the learning curve for surgeons.
- Boston Scientific: Boston Scientific has engaged in strategic collaborations with prominent healthcare institutions to conduct clinical trials of their automated suturing devices, to demonstrate safety and efficacy to strengthen their market position and their market presence.
- EndoEvolution: EndoEvolution is an automated suturing technology that enables real-time monitoring of suturing tension during surgical procedures, providing surgeons with valuable feedback about improving quality sutures. This innovation provides surgeons with essential feedback in improving surgical quality.
- LSI Solutions, Inc: LSI Solutions has expanded its global distribution network to reach even more healthcare facilities worldwide and secured regulatory approval for its automated suturing devices in key markets, further expanding market reach.
Report Scope
Report Features Description Market Value (2023) USD 2.8 Billion Forecast Revenue (2033) USD 5.6 Billion CAGR (2024-2033) 7.3% Base Year for Estimation 2023 Historic Period 2018-2022 Forecast Period 2024-2033 Report Coverage Revenue Forecast, Market Dynamics, Competitive Landscape, Recent Developments Segments Covered By Product-(Disposable, Reusable);Application-(Cardiac, Gynecological, Orthopedic, Ophthalmic, Other Applications); End-Use-(Hospitals, Ambulatory Surgical Centers, Other End-Users) Regional Analysis North America-US, Canada, Mexico;Europe-Germany, UK, France, Italy, Russia, Spain, Rest of Europe;APAC-China, Japan, South Korea, India, Rest of Asia-Pacific;South America-Brazil, Argentina, Rest of South America;MEA-GCC, South Africa, Israel, Rest of MEA Competitive Landscape Medtronic Plc, Boston Scientific, EndoEvolution, LSI Solutions, Inc., Smith & Nephew, Sutrue, Apollo Endo-surgery, B. Braun SE Source, Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What are Automated Suturing Devices?Automated suturing devices are medical instruments designed to assist surgeons in the closing and suturing of surgical incisions or wounds. They automate the suturing process, enhancing precision and efficiency.
How big is the Automated Suturing Devices Market?The global Automated Suturing Devices Market size was estimated at USD 2.8 Billion in 2023 and is expected to reach USD 5.6 Billion in 2033.
What is the Automated Suturing Devices Market growth?The global Automated Suturing Devices Market is expected to grow at a compound annual growth rate of 7.3%. From 2024 To 2033
Who are the key companies/players in the Automated Suturing Devices Market?Some of the key players in the Automated Suturing Devices Markets are Medtronic Plc, Boston Scientific, EndoEvolution, LSI Solutions, Inc., Smith & Nephew, Sutrue, Apollo Endo-surgery, B. Braun SE Source, Other Key Players
What Drives the Demand for Automated Suturing Devices?The demand is primarily driven by technological advancements, increasing surgical volumes, and the need for more precise suturing in minimally invasive procedures.
What Recent Developments are Impacting the Market?Recent developments include innovations in AI integration, miniaturization of devices, and strategic partnerships, which are enhancing the capabilities and reach of automated suturing devices.
Are Automated Suturing Devices Environmentally Friendly?Some companies are emphasizing eco-friendly materials in their products, aligning with sustainability goals in healthcare.
Automated Suturing Devices MarketPublished date: Jan 2023add_shopping_cartBuy Now get_appDownload Sample - Medtronic Plc
- Boston Scientific Corporation Company Profile
- EndoEvolution
- LSI Solutions, Inc.
- Smith & Nephew
- Sutrue
- Apollo Endo-surgery
- B. Braun SE Source
- Other Key Players
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