Automated Suturing Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automated Suturing Devices Market is segmented by Product Type (Disposable, Reusable) Application and by Geography.automated suturing devices

Automated Suturing Devices Market Snapshot

Automated Suturing Devices Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.2 %

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Market Overview

The automated suturing devices market studied was projected to grow with a CAGR of 6.2% over the forecast period.

  • The major factor attributing to the growth of the market is the increase in the number of surgeries and an increase in the number of accidents and trauma cases. According to the report published by the Ministry of Road Transport and Highways, India, the country, ranks one in the number of road accident deaths across the 199 countries reported in the World Road Statistics, 2018 followed by China and the United States. 
  • As per the WHO Global Report on Road Safety 2018, India accounts for almost 11% of the accident-related deaths in the World. A total of 4,67,044 road accidents have been reported by States and Union Territories in the year 2018, claiming 1,51,417 lives and causing injuries to 4,69,418 persons. This type of huge number is bound to increase the automated suturing devices market.
  • However, low product availability and high cost of the devices and lack of skilled professionals constraints the market growth.

Scope of the Report

As per the scope of the report automated suturing devices are instruments that facilitate suturing procedures during minimally invasive surgery and open surgery and are primarily used in surgical procedures and trauma cases that require surgery. In most developed countries, automated suturing is preferred over conventional suturing as it enables better wound healing and decreases hospital stay duration of patients post-surgery. This report covers the devices used in suturing both fully automated and semi-automated, other than the conventional suturing devices.

By Product Type
Disposable
Reusable
By Application
Cardiovascular
Gynecological
Gastrointestinal
Orthopedic
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Reusable Segment is Dominating the Automated Suturing Devices Market

The major share of the segment can be attributed to the increasing number of surgeries and many of the surgeries do not need to dispose of the instruments. Furthermore, an increasing number of accidents and trauma that require suturing to close the wounds. maintaining its dominant position in the market. According to Association for Safe International Road Travel, only in the United States, over 37,000 people die in road crashes each year, an additional 2.35 million are injured or disabled, and over 1,600 children under 15 years of age die each year. As per the statistics, the increasing accidents and trauma which need suturing and the doctors preferring automated suturing devices are boosting the segment growth.

Automated Suturing Devices Market

North America Dominates the Market and Expected to do Same in the Forecast Period

  • North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to factors such as the presence of key players, established healthcare infrastructure are some of the key factors accountable for its large share in the market. 
  • Furthermore the rising incidence of surgeries and accidents and trauma, occupational injuries are likely to fuel demand for automated suturing devices. In this region the United States has the maximum share due to supportive healthcare policies, the high number of patients, and a developed healthcare market.
Automated Suturing Devices Market

Competitive Landscape

The Automated Suturing Devices market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Medtronic, Smith & Nephew, Inc., Apollo Endosurgery, Inc, Becton, Dickinson and Company, Suture, Boston Scientific Corporation, EndoEvolution, LLC., LSI Solutions, Inc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Number of Surgical Procedures

      2. 4.2.2 Increase in Accidents and Trauma Cases

    3. 4.3 Market Restraints

      1. 4.3.1 Low Product Availability and High Cost of the Devices

      2. 4.3.2 Lack of Skilled Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Disposable

      2. 5.1.2 Reusable

    2. 5.2 By Application

      1. 5.2.1 Cardiovascular

      2. 5.2.2 Gynecological

      3. 5.2.3 Gastrointestinal

      4. 5.2.4 Orthopedic

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic

      2. 6.1.2 Smith & Nephew, Inc.

      3. 6.1.3 Apollo Endosurgery, Inc

      4. 6.1.4 Becton, Dickinson and Company

      5. 6.1.5 Suture Limited

      6. 6.1.6 Boston Scientific Corporation

      7. 6.1.7 EndoEvolution, LLC.

      8. 6.1.8 LSI Solutions, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Automated Suturing Devices Market market is studied from 2018 - 2026.

The Automated Suturing Devices Market is growing at a CAGR of 6.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Medtronic, Smith & Nephew, Inc. , Apollo Endosurgery, Inc, Becton, Dickinson and Company, Suture are the major companies operating in Automated Suturing Devices Market.

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