Automated Suturing Devices Market is likely to register CAGR of 7.46% by 2032

The global automated suturing devices market size is expected to secure US$ 6.2 Billion while displaying a CAGR of 7.46% during the forecast period of 2022 to 2032. The expansion of the market can be attributed to the growing prevalence of chronic disorders and the increasing preference for minimally invasive surgeries. From 2017 to 2021, the market flourished at a CAGR of 7.2%.

Manufacturers are taking various initiatives to launch new products in the market. In 2021, Genesis MedTech inked an agreement with LivsMed for enhancing sales and distribution of the ArtiSential line of products in China and Singapore. The ArtiSential line is a series of articulating laparoscopic instruments that aim to offer the user fully articulating, wristed motion during laparoscopic surgery. In 2018, Ethicon US, LLC, rolled out a range of automated surgical suturing devices like ECHELON FLEX GST System, HARMONIC HD 1000i, 3 STRATAFIX Knotless Tissue Control Device, and others, with an aim to offer better suturing for bariatric surgeries.

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With the growing adoption of bariatric surgery as obesity prevalence increases, the market is projected to benefit the market during the forecast period. 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 both male and female adults in the U.S reported themselves as obese.

Key Takeaways from the Market Study

• By product, reusable automated suturing devices to accumulate maximum revenue in 2022, at 49%
• Hospitals to retain top spot with regard to end user, capturing 56% of global market share in 2021
• North America to experience fastest growth amongst all regions, clocking a CAGR of 7.5% until 2032
• 1/3^rd of automated suturing devices to be deployed across Europe in 2022 and beyond
• APEJ to be the 2^nd fastest growing market for automated suturing devices, registering a 6.5% CAGR
• As of 2022, global automated suturing devices market revenue to surpass US$ 3 Billion

“Implementation of modern techniques to provide minimally invasive surgeries and growing cases of chronic illness across the globe will benefit the market significantly in the forthcoming time. Another factor offering remunerative opportunity is the increasing adoption of bariatric surgery owing to the rising obesity,” remarks an FMI Analyst.

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Competition Analysis

Key players in the global automated suturing devices 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:

• Medtronic announced a relationship with Surgical Theater, a business that sells a Surgery Rehearsal Platform, in April 2021. The venture aimed to connect SynAR’s Surgical Theater augmented reality with Medtronic’s StealthStation S8 surgical navigation system. Also, Medtronic is likely to help surgeons enhance their output by delivering innovative technologies.
• Endomina, an endoscopic medical suture device created by Endo Tools Therapeutics, was licenced by the US Food and Drug Administration in January 2022 for endoscopic placement of sutures in the gastrointestinal tract in adults.

Key Segments Profiled in the Global Automated Suturing Devices Market

By Product:

• Reusable Automated Suturing Devices
• Disposable Automated Suturing Devices

By Application:

• Minimally Invasive Surgeries
• Open Surgeries
• Trauma Cases

By End Use:

• Hospitals
• Clinics
• Ambulatory Surgical Centers

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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