Automated Suturing Devices Market Size

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.