The global automated suturing devices market anticipates securing USD 3.2 billion in 2023 and reaching USD 6.5 billion by 2033. From 2023 to 2033, the global automated suturing devices market is projected to display a CAGR of 7.4%.
The market's rise can be attributed to the increasing prevalence of chronic disorders and the growing preference for minimally invasive surgeries (MIS) over conventional surgical procedures.
Automated suturing devices help medical experts in suturing procedures during open and minimally invasive surgery. With the highest accuracy, these devices are used in applications such as orthopedics, gynecology, ophthalmology, and cardiovascular.
Automated suturing devices can be operated manually and automatically, both. They are also used in orthopedic surgeries, cardiovascular surgeries, and laparoscopy. Growing cases of chronic illnesses like cardiac arrest owing to unhealthy eating habits and hectic lifestyles are anticipated to drive the growth of the global market.
Expanding geriatric population, rising number of surgical procedures, growing cases of trauma, and increasing adoption of minimally invasive procedures are projected to accelerate the market growth in the coming time.
As per the World Health Organization, the number of people aged 60 years and more is estimated to outnumber children younger than five years by 2020, and in 2050, 80% of older people are estimated to be living in low and middle-income countries. It is likely to benefit the market in the coming time.
Increasing collaborations and agreements between players in the market can widen the market growth scope during the forecast period. In December 2019, Baxter International, Inc. inked a deal to acquire Seprafilm Adhesion Barrier and other associated assets from Sanofi. Such initiatives are projected to augment the market size significantly in the forthcoming period.
| Attribute | Details |
|---|---|
| Market CAGR (2023 to 2033) | 7.4% |
| Market Valuation (2023) | USD 3.2 billion |
| Market Valuation (2033) | USD 6.5 billion |
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Growing Adoption of Bariatric Surgery to Benefit the Market
The market is projected to benefit the market during the forecast period with the growing adoption of bariatric surgery as obesity prevalence increases.
According to a report published in the International Journal of Environmental Research and Public Health in October 2019, in India, the prevalence of overweight, hypertension, obesity, and diabetes was 14.6%, 3.4%, 5.2%, and 7.1%, respectively. Further, in 2019, more than 30% of male and female adults in the United States of America reported being obese.
Launching new products is estimated to benefit the industry significantly during the forecast period. In 2018, Ethicon US, LLC, rolled out a range of automated surgical suturing devices, Luke ECHELON FLEX GST System, HARMONIC HD 1000i, 3 STRATAFIX Knotless Tissue Control Device, and others, to offer better suturing for bariatric surgeries.
Other factors responsible for the market growth include growing accidents. WHO Global Report on Road Safety 2018 states that India accounts for almost 11% of the accident-related deaths in the World. Such factors are expected to benefit the industry in the forecast period.
The Lack of Resources in Emerging Economies Hampers the Market Growth
The lack of infrastructure in developing countries and the growing risk of device failures are expected to hinder the market during the forecast period. Other factors limiting the market growth include poor product availability, scarcity of experienced professionals, and expensive device costs. However, the growing necessity for automated suturing devices and rising developments by manufacturers are expected to counter hampering factors.
Principal Consultant
From the forecast period of 2018 to 2022, the global automated suturing devices market displayed a CAGR of 6.0%. The market expansion during the given timeframe can be attributed to the increasing number of surgeries and the growing number of accidents and trauma cases.
As per the World Health Organization data on Road Traffic Injuries published in June 2021, about 20 to 50 million people suffered from non-fatal injuries which demand surgery for treatment. Also, increasing FDA during the given timeframe is expected to benefit the market. For instance,
From 2023 to 2033, the market for automated suturing devices is expected to display a CAGR of 7.4%. The market expansion during the given forecast period can be attributed to the advantages offered by suturing instruments over conventional suturing methods like minimal investment, blood loss, and procedure time. Further, ongoing research and development programs on automated suturing devices are likely to help the market grow in the forecast period.
In December 2021, researchers at the University of New South Wales Medical Robotics Lab developed smart sutures to accelerate wound recovery, which does not demand any human intervention. Accredited by such factors, the market is projected to show significant growth opportunities during the forecast period.
Growing Application of Suturing Devices in Laparoscopic Operations to Offer Remunerative Opportunities
The increasing application of automated suturing devices in laparoscopic operations is expected to offer significant opportunities for growth to the global automated suturing devices market during the forecast period.
Players in the market are taking various initiatives to launch advanced products, which are likely to offer remunerative opportunities to the industry in the forecast period. For example,
Such initiatives are expected to bolster market growth during the forecast period.
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Growing Number of Hospital Admissions to Benefit the Segment
According to the study, the hospital segment is expected to garner about 56% of the global revenue in 2023. Also, the development of the part in the market can be attributed to the increasing number of hospital admissions of patients. Further, ease of accessibility to advanced technologies and favorable reimbursement policies are likely to propel segmental growth in the coming period.
Affordability of the Reusable Automated Suturing Devices to Benefit the Segment
As per the analysis, the reusable automated suturing devices segment is expected to dominate the market during the forecast period. This segment is expected to capture a significant revenue share of 49%.
The development of the segment can be attributed to the affordability of the devices owing to their low costs and being readily available in the market. Further, these devices can resist infection during procedures followed by apt sterilization techniques, resulting in minimal injury of the tissues.
Ongoing Research and Development of Disposable Devices to Benefit the Market
An article titled “Automated Suture Fastener Gaining Complete Commitment: Cumulative Propensity-Matched Comparison with Hand-Ties Knot in Heart Valve Surgery” indicated that the usage of disposable automated suture fasteners, COR-KNOT, resulted in short Cardiopulmonary Bypass and Aorta Cross Clamp times, which can assist the surgeons significantly.
The growing application of such disposable devices is anticipated to add to the growth of the disposable automated suturing devices segment during the forecast period.
| Countries | Forecast Period from 2023 to 2033 |
|---|---|
| The United States | 31.9% |
| Germany | 4.8% |
| Japan | 13.8% |
| Countries | Forecast CAGR from 2023 to 2033 |
|---|---|
| China | 8.8% |
| India | 8.3% |
| The United Kingdom | 7.8% |
| Australia | 7.5% |
As per the analysis, North America is expected to dominate the market during the forecast period, registering a 7.5% CAGR until 2033. Domination of the market can be attributed to the growing adoption of highly advanced techniques and systems in manufacturing automated suturing devices.
Technological development made in robotic-assisted surgery is projected to propel the market in the North American region. Also, the high prevalence of innovative automated suturing devices in the market makes a notable contribution to the increased market growth in the area.
The United States is expected to contribute most significantly to developing the regional market. Players in the region are engaging in various agreements that are anticipated to benefit the regional market during the forecast period. For instance,
As per the European Union (EU) record, in 2020, about 18,800 people were killed in road accidents in the EU. Europe is likely to possess growth opportunities due to rising road accidents. With the growing demand for surgical requirements, the region is expected to generate a significant amount of automated suturing devices, thus, favoring the industry during the forecast period. The launch of new products in the region is projected to assist the market growth. For instance,
Healicoil Knotless Suture anchor is a set of innovative technologies developed to drive the body's recovery response. Such factors are expected to drive Europe's market, accumulating around 33% of revenue in 2022.
As per the analysis, the market in Asia Pacific Excluding Japan is anticipated to expand at a CAGR of 6.5% during the forecast period. Also, the regional market expansion can be attributed to the growing prevalence of cardiovascular diseases and trauma cases, along with the rising demand for minimally invasive procedures. Other factors contributing to the development of the Asia Pacific Excluding Japan market include:
The Campbell, Kiotech Medical (Seattle), Medical Microinstruments (Italy), EDGe Surgical (USA), Fasciotens (Germany), OTTek (Israel), Sutrue (United Kingdom), and Dalent (USA) are some of the emerging entities in the global market.
Recent Developments in the Market:
Key players operating in the global market include Medtronic PLC, Boston Scientific, C.R. Bard Inc., Apollo Endosurgery, Endo Evolution LLC, LSI Solutions Inc., and SuturTek Inc.
Recent Developments in the Industry Include:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | The United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Product, End Use, Application, Region |
| Key Companies Profiled | Apollo Endosurgery; Medtronic Plc.; Boston Scientific Corporation; C.R Bard Inc.; EndoEvolution LLC; LSI Solutions Inc.; SuturTek Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The automated suturing devices market CAGR for 2033 is 7.4%.
The market is estimated to reach USD 6.5 billion by 2033.
Key players in the automated suturing devices market are partnering with other companies.
The market is estimated to secure a valuation of USD 3.2 billion in 2023.
The three key automated suturing devices market players are Medtronic, Smith & Nephew, and Apollo Endosurgery.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Reusable 5.2. Disposable 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Minimally Invasive Surgeries 6.2. Open Surgeries 6.3. Trauma Cases 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Hospitals 7.2. Clinics 7.3. Ambulatory Surgical Centers 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Apollo Endosurgery 18.2. Medtronic Plc. 18.3. Boston Scientific Corporation 18.4. C.R Bard Inc. 18.5. EndoEvolution LLC 18.6. LSI Solutions Inc. 18.7. SuturTek Inc. 18.8. BD 18.9. Braun Melsungen AG 18.10. Péters Surgical 19. Assumptions & Acronyms Used 20. Research Methodology
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Automated Suturing Devices Market
