Automated Suturing Devices Market | Cost Structure Analysis and Forecast to 2032 – By FMI
ESOMAR-certified 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 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 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.
According 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.
Automated 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 surgeries.
Key Takeaways from FMI’s Automated Suturing
Devices Market 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 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?
Key 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 channels.
They 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.
On 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.
On 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.
On 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.
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
Read
More@ https://www.futuremarketinsights.com/reports/automated-suturing-devices-market
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