Automated Suturing Devices Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Automated Suturing Devices Market – Report Overview

Pacific Business Consulting’s “Automated Suturing Devices Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Automated Suturing Devices market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Automated Suturing Devices market exceeded a valuation of over US$ 2.5 Billion, and it is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 7.0% from 2023 to 2030. The market is expected to potentially surpass US$ 4.0 Billion by 2030.

Automated suturing devices play a crucial role in medical procedures, assisting in suturing during both open and minimally invasive surgeries. These devices find applications in various medical fields, such as orthopedics, gynecology, ophthalmology, and cardiovascular surgery. They can be operated manually or automatically and are utilized in orthopedic surgeries, cardiovascular surgeries, and laparoscopy. The global market for automated suturing devices is anticipated to witness growth due to several factors.

Factors Driving Growth:

Increasing Surgical Procedures: The rising number of surgical procedures, both open and minimally invasive, contributes to the demand for automated suturing devices. Surgical interventions are essential for various medical conditions, and the growing prevalence of chronic illnesses, such as cardiac issues, is driving the need for surgeries.

Growing Geriatric Population: The expanding geriatric population worldwide is a significant factor influencing market growth. As the elderly population increases, the demand for medical interventions and surgeries is also expected to rise.

Prevalence of Trauma Cases: The surge in trauma cases and accidents globally is contributing to the growth of the automated suturing devices market. Traumatic injuries often require surgical procedures, and the prevalence of such incidents is a key driver.

Adoption of Minimally Invasive Procedures: The increasing adoption of minimally invasive procedures, which rely on advanced surgical devices like automated suturing devices, is propelling market growth. Minimally invasive techniques offer benefits such as reduced recovery time and minimized scarring.

Collaborations and Agreements: Collaborations and agreements between industry players are expanding the market’s growth scope. Strategic partnerships, like Baxter International’s acquisition of Seprafilm Adhesion Barrier assets from Sanofi, contribute to market augmentation.

Global Aging Population: According to the World Health Organization (WHO), the global aging population is expected to increase significantly. By 2020, people aged 60 years and above are estimated to outnumber children younger than five years. This demographic shift is likely to drive the demand for medical interventions, including surgeries.

Technological Advancements: Continuous advancements in medical technology, such as the approval of devices like Endomina by regulatory authorities, contribute to market growth. Technologically advanced suturing devices enhance surgical outcomes.

Challenges and Restraints:

Reduced Product Availability: Challenges related to reduced product availability may hinder market growth. Ensuring an adequate supply of automated suturing devices is crucial for meeting the growing demand.

Lack of Skilled Professionals: The lack of skilled professionals proficient in operating automated suturing devices may pose a challenge. Adequate training and education are essential for maximizing the benefits of these advanced devices.

High Cost of Devices: The high cost associated with automated suturing devices can be a barrier to market growth. Affordability and cost-effectiveness are considerations that impact the adoption of such medical technologies.

In conclusion, the global automated suturing devices market is poised for growth due to factors like the increasing number of surgeries, a rise in trauma cases, collaborations among industry players, and advancements in medical technology. However, challenges such as reduced product availability, a lack of skilled professionals, and high device costs need to be addressed for sustained market expansion.

Leading players in the Automated Suturing Devices segment, including Medtronic, Smith & Nephew, Inc., B. Braun SE, Sutrue Limited, Boston Scientific Corporation., LSI Solutions, Inc., Apollo Endosurgery, and SuturTek Inc., are expected to play a crucial role in shaping the future landscape of Automated Suturing Devices technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Automated Suturing Devices market. It also delves into the analysis of present and prospective market competition within the global Automated Suturing Devices market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

• Develop your business strategies by gaining insights into the trends that shape and drive the Automated Suturing Devices market across the 10MM (Ten Major Markets).
• Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Automated Suturing Devices market.
• Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
• Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
• Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.

1. Executive Summary: Automated Suturing Devices
   • Global Market Outlook: Automated Suturing Devices
2. Competitive Intelligence Analysis: Automated Suturing Devices
3. Therapeutic Sector SWOT
4. Technology Roadmap Analysis: Automated Suturing Devices
5. Market Background
   • Drivers
   • Restraints
   • Opportunity
   • Key Market Trends
   • Key Unmet Needs
6. Key Marketed Products Profile – Major Approved Products: Automated Suturing Devices
   • Product Profile
   • Safety and Efficacy
7. Regulatory Landscape
8. Automated Suturing Devices: Ten Major Market (10MM) – Market Analysis, By Product
   • Disposable
   • Reusable
9. Automated Suturing Devices: Ten Major Market (10MM) – Market Analysis, By Application
   • Open Surgeries
   • Minimally Invasive Surgeries
   • Trauma Cases
10. Automated Suturing Devices: Ten Major Market (10MM) – Market Analysis, By End User
    • Hospitals & Clinics
    • Ambulatory Surgical Centers
    • Other End Users
11. Automated Suturing Devices: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

12. S. Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

13. K. Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

14. Germany Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

15. France Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

16. Italy Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

17. Spain Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

18. Japan Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

19. China Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

20. Australia Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

21. India Automated Suturing Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User

22. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

23. Assumptions and Acronyms Used
24. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
25. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
26. Copyrights and Disclaimer