ESOMAR-certified consulting firm Future Market Insight (FMI)presents incisive global automated suturing devices market survey for theforecast period of 2021-2031. According to the report, the market is expected
to expand, rising at a CAGR of 7.3 % during the forecast period.
Surgical suture devices find application in laparoscopy,orthopedic surgery, cardiovascular surgery, gynecology, orthopedic, and
ophthalmology as they are majorly used for treating wounds and injuries.
Rising cases of surgeries due to increasing accidents andtrauma cases are boosting demand for automated suturing devices in the global
market. According to the Ministry of Road Transport and Highways, India,
in 2018, the nation was leading in road accident deaths followed by United
States and China.
According to the World Health Organization's (WHO's), GlobalReport on Road Safety 2018, India accounted for 11% accident related
deaths in the world. A total of 4,67,044 road accidents, 51,417 deaths, and
4,69,418 injuries. The rise in number of accidents and the increasing need for
surgeries will propel the need for automated suturing devices, thereby augmenting
the growth of the market.
Automated suturing devices are preferred over conventionalsuturing as they aid in delivering better wound healing and lowers post-surgery
duration of hospital stay. That's why it is extensively used for open and
minimally invasive surgeries.
- Key Takeaways from FMI's Automated Suturing DevicesMarket Study
- The automated suturing devices market in the U.S. will witness positive growth
owing to rising prevalence of cardiovascular diseases and requirement for
invasive procedures in the country. - France will find lucrative opportunities during the forecast period as according to
the Organization of Economic Cooperation and Development, approximately
148075 minimal invasive surgeries took place in France in 2018.
The country also has presence of several manufacturers such as Guerbet,
Sanofi, and others. - Disposable automated suturing devices are expected to lead the product segment as
they are cost-effective. Rising demand for laparoscopy and minimally
invasive procedures are also encouraging demand for the same. - Hospitals will exhibit high demand for automated suturing devices since they receive
a higher footfall of patients on a daily basis.
"Several leading players are aiming for clearancefrom the United States Food and Drug Administration to launch advanced
automated suturing devices. With focus on technological improvements on cards,
the market is expected to gain momentum in the coming years," says a FMI
analyst.
Who is Winning?
Key players in the global automated suturing devices marketare focusing on adopting inorganic strategies such as alliance, collaboration,
partnerships, and merger and acquisitions to strengthen their position in the
supply chain channels.
They are also emphasizing on launching new products andexpanding their product portfolio. Key players operating in the global
automated suturing devices market are Medtronic Plc., Boston Scientific, C. R.
Bard, Inc., Apollo Endosurgery, EndoEvolution, LLC, LSI Solutions, Inc., and
SuturTek Inc.
On March 3rd 2020, Origami Surgicallaunched StitchKit, a patented suture delivery and retrieval system. The U.S.
Food and Drug Administration (FDA) approved 510k clearance for three
novel types of sutures for the company's StitchKit robotic surgery platform.
On November 2020, Healthium Medtech, oneof India's largest medical devices company, launched Trubarb, its
latest innovation. This innovation is a knotless tissue closure device that
reforms the suturing experience.
On June 1st 2021, Anchora Medical, aAlon Medtech Venture's company, announced closing
of $4.5million financing led by HOYA Corporation and Tal Capital. The
funds will be utilized for completing Anchora's single use laparoscopic
suturing devices.
Key Segments:
- Product
- Reusable Automated Suturing Devices
- Disposable Automated Suturing Devices
- Applications
- Minimally Invasive Surgeries
- Open Surgeries
- Trauma Cases
- End Use
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Region
- North America (US and Canada)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Western Europe (Germany, France, Spain, UK,)
- Eastern Europe (Bulgaria, Croatia, Russia, Czech Republic)
- Asia Pacific Excluding Japan (India, China, Vietnam, Australia and Others)
- Japan
- Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)
Information Source: