Global Automated Suturing Devices Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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The automated suturing devices market size has demonstrated strong growth in recent years, projected to increase from $2.99 billion in 2023 to $3.22 billion in 2024, at a CAGR of 7.8%. This historical growth can be attributed to rising surgical procedures, advancements in minimally invasive surgeries, an increase in chronic disease prevalence, technological innovations, an aging population, enhanced healthcare infrastructure, and a surge in cosmetic surgeries. The automated suturing devices market is expected to see continued growth, reaching $4.38 billion in 2028 at a CAGR of 8.0%. Factors driving this forecasted growth include the rising incidence of accidents and trauma, increased adoption of robotic surgery, a focus on reducing surgical complications, higher healthcare spending, a surge in outpatient surgeries, government initiatives, and growing awareness and training programs. Notable trends in the forecast period will include integration with robotic systems, the development of smart suturing devices, miniaturization of devices, the use of biodegradable sutures, the incorporation of AI and machine learning, enhanced ergonomics, user-friendly designs, and expansion into emerging markets.
A growing number of accidents and trauma cases is expected to stimulate the growth of the automated suturing devices market moving forward. Accidents and trauma cases refer to unforeseen events that result in physical injuries or harm to individuals. The increasing occurrence of such incidents can be linked to factors such as urbanization, heightened vehicle usage, hazardous working environments, and high-risk behaviors. Automated suturing devices enhance the efficiency of surgical procedures for treating accidents and trauma cases while improving patient outcomes, reducing surgery time, and minimizing complications. For instance, in February 2023, the National Highway Traffic Safety Administration, a U.S. federal agency, reported that 42,915 individuals died in traffic accidents involving motor vehicles in 2021, representing a 10.5% increase from the 38,824 fatalities recorded in 2020. Moreover, deaths resulting from multi-vehicle accidents and incidents on city streets rose by 16% in 2021 compared to the previous year. Consequently, the growing number of accidents and trauma cases is expected to drive the automated suturing devices market.
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What Are The Key Trends That Influence Automated Suturing Devices Market Share Analysis?
Major companies in the automated suturing devices market are concentrating on creating technologically advanced products, such as suture delivery canisters, to enhance surgical efficiency and safety. A suture delivery canister minimizes the risk of needle loss, reduces manual handling, and improves overall safety by securely containing discarded needles. For instance, in February 2023, Origami Surgical Inc., a US-based medical device manufacturer, received expanded FDA clearance for its StitchKit device, which is now approved for use through any existing 8mm trocar incision during robotic-assisted surgeries. This updated FDA clearance means that StitchKit can be utilized with smaller 8mm trocars, which are increasingly common as surgical procedures shift to smaller port sizes. The device includes all necessary sutures and a SHARPS container for needle disposal, thereby enhancing safety by reducing the risk of needle loss and minimizing exposed needle transfers. At the end of the procedure, StitchKit can be removed using a retrieval string along with the trocar, streamlining the process and improving surgical outcomes.
Which Market Players Are Driving Growth In The Automated Suturing Devices Market?
Major companies operating in the automated suturing devices market are 3M Company, Medtronic plc, Medline Industries Inc., Stryker Corporation, Boston Scientific Corporation, B. Braun Medical Inc., Zimmer Biomet Holdings Inc., Olympus Corporation, Terumo Corporation, Intuitive Surgical Inc., Smith And Nephew plc, Ethicon Inc., Cook Medical Inc., Merit Medical Systems Inc., Conmed Corporation, LivaNova PLC, Haemonetics Corporation, LSI Solutions Inc, Mellon Medical B.V., EndoEvolution LLC
How Is The Global Automated Suturing Devices Market Segmented?
The automated suturing devices market covered in this report is segmented –
1) By Type: Reusable, Disposable
2) By Application: Open Heart Surgery, Minimally Invasive Surgery, Trauma, Other Applications
3) By End Use: Hospitals, Ambulatory Surgical Centers, Other End Uses
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The Automated Suturing Devices Global Market Report 2024 provides an overview of the automated suturing devicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automated suturing devices market forecast analyzes automated suturing devices market size, automated suturing devices market share, leading competitor and their market positions.
The Table Of Content For The Automated Suturing Devices Market Include
1. Automated Suturing Devices Market Executive Summary
2. Automated Suturing Devices Market Segments
3. Automated Suturing Devices Market Size And Template Market Growth Rate
4. Key Automated Suturing Devices Market Trends
5. Major Automated Suturing Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Automated Suturing Devices Market
26. Top Automated Suturing Devices Companies
27. Automated Suturing Devices Market Opportunities And Strategies
28. Automated Suturing Devices Market, Conclusions And Recommendations
29. Appendix
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