consulting firm Future Market Insight (FMI) presents incisive global automated suturing devices market
survey for the forecast period of 2021-2031. According to the report, the
market is expected to expand, rising at a CAGR of 7.3 % during the forecast
suture devices find application in laparoscopy, orthopedic surgery,
cardiovascular surgery, gynecology, orthopedic, and ophthalmology as they are
majorly used for treating wounds and injuries.
cases of surgeries due to increasing accidents and trauma 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.
to the World Health Organization’s (WHO’s), Global Report 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.
suturing devices are preferred over conventional suturing 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
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Key Takeaways from FMI’s Automated Suturing Devices
- 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 clearance from
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?
players in the global automated suturing devices market are focusing on
adopting inorganic strategies such as alliance, collaboration, partnerships,
and merger and acquisitions to strengthen their position in the supply chain
are also emphasizing on launching new products and expanding 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.
March 3rd 2020, Origami Surgical launched 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.
November 2020, Healthium Medtech, one of India’s largest medical devices
company, launched Trubarb, its latest innovation. This innovation is a knotless
tissue closure device that reforms the suturing experience.
June 1st 2021, Anchora Medical, a Alon 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.
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More Insights on the Global Automated Suturing Devices
the latest study, Future Market Insights gives a detailed insight on the global
automated suturing devices market, providing historical data for the period
from 2016 to 2020 and forecast statistics for the period of 2021-2031. To
understand the global market potential, its growth, and scope, the market is
segmented on the basis of:
- Reusable Automated Suturing
- Disposable Automated Suturing
- Minimally Invasive Surgeries
- Open Surgeries
- Trauma Cases
- Ambulatory Surgical Centers
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding
- Middle East & Africa
Questions Covered in the Report
- The report presents insights into automated suturing devices
demand outlook for 2021-2031
- Factors enabling automated suturing devices sales across
India between 2021 and 2031 are carefully analyzed
- Automated suturing devices market survey also identifies key
factors impacting growth trajectory during the assessment period
- The report offers evaluation of automated suturing devices market
size and forecast and technological advancements within the industry
- Automated suturing devices market share analysis, covering
key companies within the industry and coverage of strategies such as mergers
& acquisitions, joint ventures, collaborations or partnerships, and
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading
provider of market intelligence and consulting services, serving clients in
over 150 countries. FMI is headquartered in
Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market
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Press Release Source:https://www.futuremarketinsights.com/press-release/automated-suturing-devices-market