Automated Suturing Devices Market Valued to be US$ 867.3 Million By 2027 with CAGR of 5.6% from 2010 to 2027| Says, Coherent Market Insights
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There are two types of automated suturing devices; disposable automated suturing devices and reusable automated suturing devices. These devices are used in minimally invasive surgeries, trauma cases, and open surgeries.
In 2019, the global automated suturing devices market was valued at US$ 574.1 million and 5,293,965 in terms of volume.
Global Automated Suturing Devices Market: Drivers
Growth of the global automated suturing devices market during the forecast period (2019 – 2027) is expected to be driven by the rising development of novel coatings for surgical sutures. For example, in June 2019, researchers from University Medical Center and BG Trauma Center, Germany, reported the development of a bioactive suture coating using a modified mRNA that was complexed with Viromer RED and incorporated into a solution of the biodegradable polymer poly-lactide-co-glycolide acid.
Global Automated Suturing Devices Market: Restraints
High product cost and lack of awareness about automated suturing devices are expected to hamper the global automated suturing devices market growth.
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In 2018, the disposable automated suturing devices segment in the market was estimated to account for US$ 430.9 in terms of value. The global automated suturing devices market is expected to witness a CAGR of 5.6% during the forecast period and expected to reach US$ 703.2 by 2027. The growth of the segment is expected to be driven by the increase in the incidents of surgeries, accidents, organ transplants, and heart transplants.
The minimally invasive surgeries segment was accounted for 73.9% share in terms of value and dominated the global automated suturing devices market in 2018, followed by open surgeries. The growth of the segment is expected to be driven by the increasing demand for minimally invasive procedures along with the development of the technologically advanced product.
Growth of the global automated suturing devices market is expected to be driven by the rising research and development of automated suturing devices. For example, in June 2019, researchers from the Federal University of Campina Grande, Brazil, developed chitosan and of N-acetyl-D-glucosamine-loaded chitosan filaments to combine the GlcNAc pharmacological properties with the CS biological properties for use as absorbable suture materials.
Key players in the market have segmented their target market based on surgeries and accordingly introduced value propositions. For example, EndoEvolution, LLC. Majorly offers products for bariatric surgeries, whereas ovidien offers products for laparoscopic hysterectomy.
Global Automated Suturing Devices Market: Competitive Landscape
Major 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., Baxter International, Inc., and SuturTek Inc.
In December 2019, Advanced Medical Solutions Group plc., a developer and manufacturer of tissue adhesives, sutures, hemostats, and internal fixation devices, announced the acquisition of Biomatlante, a developer of synthetic bone graft technologies.
In September 2019, Apollo Endosurgery, Inc. received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its Polypropylene Suture-Anchor Assembly for use specifically with the OverStitch Endoscopic Suturing Systems.
In June 2018, Apollo Endosurgery, Inc. received Special 510(k) clearance from the U.S. FDA for OverStitch Sx Endoscopic Suturing System. The OverStitch and OverStitch Sx endoscopic suturing systems allow physicians to place full-thickness sutures from a flexible endoscope in endoscopic surgery.
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- Automated Suturing Devices Market, By Product Type:
- Reusable Automated Suturing Devices
- Disposable Automated Suturing Devices
- Automated Suturing Devices Market, By Application:
- Minimally Invasive Surgeries
- Open Surgeries
- Trauma Cases
- Automated Suturing Devices Market, By End User:
- Ambulatory Surgical Centers
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