Automated Suturing Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Automated Suturing Devices Market Analysis
The automated suturing devices market is projected to register a CAGR of 9.2% during the forecast period.
The healthcare system has witnessed enormous challenges due to the COVID-19 pandemic. All outpatient treatments were postponed or restricted during the COVID-19 pandemic to reduce the risk of viral transmission, as most chronic therapies were regarded as non-urgent. During the COVID-19 pandemic, the implementation of digital technologies in the hospital sector increased significantly due to the lack of healthcare personnel. An article published in the Seminars in Vascular Surgery journal in September 2021 discussed the acceptance and acceleration of telemedicine, remote monitoring, digital health technology, and three-dimensional technologies, such as three-dimensional printing and virtual reality, face-to-face surgical simulation, and training. The article indicated that automated surgical devices have risen during the COVID-19 pandemic. Such developments during the COVID-19 pandemic are expected to propel the growth of the automatic suturing devices market. Automated suturing devices have demonstrated the ability to enhance health outcomes during the pandemic, hospitals realize the advantage of automated suturing devices over manual suturing devices. Hence, the demand for automated suturing devices increased, eventually driving market growth.
The recent increase in the number of surgeries and the rise in the number of accident and trauma cases all over the world are the major factors attributing to the growth of the automated suturing devices market in the forecast period. According to the Royal College of Surgeons of England data on the surgeries in England published in May 2021, there were around 4.95 million people in England waiting for surgery. The large number of surgeries to be performed is expected to add to the growth of the automated suturing devices market in the forecast period. Additionally, according to the World Health Organization data on Road Traffic Injuries published in June 2021, around 20 to 50 million people suffer from nonfatal injuries, most of which require surgery for treatment. Such a large number of accidents requiring surgeries are expected to boost the growth of the automated suturing market in the forecast period.
Moreover, in January 2022, Endomina, an endoscopic medical suture device developed by Endo Tools Therapeutics, was approved by the United States Food and Drug Administration for endoscopic placement of sutures in the gastrointestinal tract in adult population.. Such developments for automated sutures are likely to amplify the growth of the automated suturing devices market in the forecast period.
Therefore, the factors mentioned above are attributed collectively to the studied market growth over the forecast period. However, the reduced product availability and the lack of skilled professionals, along with the high cost of the devices are likely to hinder the growth of the automated suturing devices market in the forecast period.
Automated Suturing Devices Market Trends
The Disposable Segment is Expected to Hold a Significant Share in the Automated Suturing Devices Market.
Disposable automated suturing devices hold a significant share of the automated suturing devices market, owing to the rising number of surgical procedures. An article published in the Journal of Innovations in June 2021 discussed the advantages of automated suture fasteners over manually tied sutures. The study indicated that using a disposable automated suture fastener, COR-KNOT, resulted in shorter Cardiopulmonary Bypass and Aorta Cross Clamp times, which can greatly help surgeons. The increasing use of such disposable devices is expected to add to the growth of the disposable automated suturing devices segment in the studied market during the forecast period.
Several research and development programs are being made on automated suturing devices, which are useful in the growth of the market. In December 2021, researchers at the University of New South Wales Medical Robotics Lab developed smart sutures to speed up wound recovery, which does not need human intervention and automatically tightens the wound opening. Such innovations are likely to boost the growth of the automated suturing devices market over the forecast period.
Thus, the abovementioned factor is expected to drive segmental growth in the market during the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.
North America is expected to hold a significant share of the overall market throughout the forecast period due to better regulations of surgical devices and growing awareness among the population to approach surgeries in case of injuries and chronic disease problems. For instance, according to the April 2021 data of the University of Alabama at Birmingham, 350,000 CABG surgeries are performed annually in the United States. The rising prevalence of cardiovascular disorders and obesity rates is attributed to the market's growth in this region. Furthermore, according to the CDC's 2022 update, 18.2 million adults had coronary artery disease, and approximately 70% of these patients underwent surgery. The United States records nearly 35 million hospital stays each year. Hence, this rise in hospital stays and surgeries is expected to drive the market's growth.
Furthermore, an increasing number of injuries due to road accidents in the United States resulted in increased surgical procedures, thereby increasing the usage of surgical blades. According to the data published in March 2022 by ASIRT, annually, 4.4 million Americans are injured seriously enough to require medical attention in the United States.
Thus, the aforementioned factors are expected to boost the market's growth in North America over the forecast period.
Automated Suturing Devices Industry Overview
The automated suturing devices market is moderate due to the presence of companies operating globally and regionally. The competitive landscape includes an analysis of a few international and local companies that hold market shares and are well-known, including Medtronic, Smith & Nephew, Inc., B. Braun SE, Sutrue Limited, Boston Scientific Corporation., LSI Solutions, Inc., among others.
Automated Suturing Devices Market Leaders
Medtronic
Smith & Nephew, Inc.
Boston Scientific Corporation
Sutrue Limited
B. Braun SE
*Disclaimer: Major Players sorted in no particular order
Automated Suturing Devices Market News
- January 2023: Able Medical Devices launched valkyrie looped sternotomy sutures.
- May 2022: Paragon 28, Inc. launched the Grappler Suture Anchor System, designed to address the challenges of performing soft tissue tensioning and ligament reconstruction in acute foot and ankle procedures.
Automated Suturing Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased Number of Surgical Procedures
4.2.2 Increase in Accidents and Trauma Cases
4.3 Market Restraints
4.3.1 Low Product Availability and High Cost of the Devices
4.3.2 Lack of Skilled Professionals
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - in USD)
5.1 By Product Type
5.1.1 Disposable
5.1.2 Reusable
5.2 By Application
5.2.1 Cardiovascular
5.2.2 Gynecological
5.2.3 Gastrointestinal
5.2.4 Orthopedic
5.2.5 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic
6.1.2 Smith & Nephew, Inc.
6.1.3 Sutrue Limited
6.1.4 Boston Scientific Corporation
6.1.5 LSI Solutions, Inc.
6.1.6 B. Braun SE
6.1.7 Johnson & Johnson (Ethicon, Inc. )
6.1.8 Mellon Medical B.V.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automated Suturing Devices Industry Segmentation
As per the scope, automated suturing devices facilitate suturing procedures during minimally invasive surgery and open surgery and are primarily used in surgical procedures and trauma cases requiring surgery. In most developed countries, automated suturing is preferred over conventional suturing as it enables better wound healing and decreases the hospital stay duration of patients post-surgery. The automated suturing devices market is segmented by product type (disposable and reusable), application (cardiovascular, gynecological, gastrointestinal, orthopedic, and others), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers values (in USD ) for the above segments.
| By Product Type | |
| Disposable | |
| Reusable |
| By Application | |
| Cardiovascular | |
| Gynecological | |
| Gastrointestinal | |
| Orthopedic | |
| Others |
| Geography | ||||||||
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Automated Suturing Devices Market Research FAQs
What is the current Global Automated Suturing Devices Market size?
The Global Automated Suturing Devices Market is projected to register a CAGR of 9.20% during the forecast period (2024-2029)
Who are the key players in Global Automated Suturing Devices Market?
Medtronic, Smith & Nephew, Inc. , Boston Scientific Corporation, Sutrue Limited and B. Braun SE are the major companies operating in the Global Automated Suturing Devices Market.
Which is the fastest growing region in Global Automated Suturing Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Automated Suturing Devices Market?
In 2024, the North America accounts for the largest market share in Global Automated Suturing Devices Market.
What years does this Global Automated Suturing Devices Market cover?
The report covers the Global Automated Suturing Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Automated Suturing Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automated Suturing Devices Industry Report
Statistics for the 2024 Automated Suturing Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automated Suturing Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
