Key Highlights from Report
How will the automated suturing devices market grow in the forecast period of 2021 and 2031?
According to FMI, the global automated suturing devices market is poised to expand at over 7.3% CAGR between 2021 and 2031.
Which is the most lucrative automated suturing devices market?
According to FMI, North America is expected to be the most lucrative region over the forecast period of 2021-2031. Within North America, the U.S. is expected to account for maximum sales.
Who is the leading end user of automated suturing devices?
Hospitals are expected to emerge as the leading end user in the automated suturing devices market.
Which are the prominent automated suturing devices market players?
Medtronic Plc., Boston Scientific, C. R. Bard, Inc., Apollo Endosurgery, EndoEvolution, LLC, LSI Solutions, Inc. and SuturTek Inc. are some prominent players operating in the global automated suturing devices market.
Key Points Covered in Automated Suturing Devices Market Study
- Market estimates and forecast 2021-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Automated Suturing Devices Market and How to Navigate
- Recommendation on Key Winning Strategies
Future Projections Vs Historical Projections
The global automated suturing devices market is expected to exceed a valuation of US$ 473 million through 2021. Rising adoption of minimally invasive surgeries due to the growing cases of cardiovascular diseases and rising prevalence of obesity is improving the demand of automated suturing devices.
According to World Health Organization, the prevalence of obesity was 42.4% in 2018 which rose by 9.2% since 2000 across U.S. Hence, the demand for minimally invasive surgeries including laparoscopy increased and is still rising, which is stimulating the demand for automated suturing devices.
Technological advancements and increased research & development activities for the development of advanced suturing devices is improving the growth of automated suturing devices market.
Increasing application of disposable automated suturing devices has widened the growth opportunities for key manufacturers, attributed to the constant need for efficient and time reducing procedures.
Opportunities also are abound in open surgeries and trauma cases segment. Hence, the market is poised to embark on a positive growth trajectory until 2031.
A temporary setback was experienced amid the COVID-19 pandemic, as government imposed lockdowns causing a pause in manufacturing activities, and delay in the clearance of product approval from regulatory bodies such as U.S. Food and Drug Administration (FDA).
However, as there were relaxations in the rules and international travels, the market experienced a resurgence with the recommencement of healthcare industry.
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How are Advancements in Automated Suturing Devices Contributing to Market Growth?
Growing adoption of minimally invasive surgeries have increased the necessity of precise and less complicated devices with maximum efficient results across developed countries such as U.S., France, UK, and Japan.
Key manufacturers are investing for product development and investing continuously in research & development for the advanced automated suturing devices. For instance, in December 2019, Apollo Endosurgery Inc., received a clearance from FDA for its Polypropylene Suture-Anchor Assembly for the use with Over Stitch Endoscopic Suturing Systems.
Also, the increasing cases of road incidents and injuries are leading to the growing cases of trauma across the globe, which is accelerating the demand of automated suturing devices. According to the report of World Health Organization on Road Safety 2018, India accounted for almost 11% of accident related deaths in the world.
An estimated total of 467,044 road accidents have been reported by States and Union Territories in 2018, causing injuries to 468,418 people and is projected to increase by 20% by 2030. These increasing incidence are bound to augment the growth of automated suturing devices market.
According to Center of Disease Control and Prevention (CDC), more than 655,000 people succumb to heart diseases every year across the U.S. Several leading organizations are increasing the initiatives in rising the awareness for the early diagnosis and minimal invasive surgeries, leading to less complication and easy recovery.
Advanced automated suturing devices are capable of performing consistent with less complications and reduced risk of infection & bleeding among the patients. Thereby, stimulating the growth of automated suturing devices.
How is the Automated Suturing Devices Market Expanding in the U.S.?
The automated suturing devices market in the U.S. is anticipated to follow a positive growth trajectory during the forecast period owing to the rising prevalence of minimally invasive procedures across the country.
According to the report published by American Heart Association 2020, every year 5 million open heart surgeries are performed in U.S. and about 655,000 Americans die every year from heart disease. The rising incidence of cardiovascular surgeries and need for minimal post-operative complications will fuel the demand for advanced automated suturing devices.
Based on the statistics given by U.S. Department of Transportation’s fatality analysis reporting system in 2019, around 33,244 fatal vehicle crashes occurred in the U.S. in 2019. The report also stated that approximately 6 million car incidents are recorded across the country every year.
Also, according to the Association for Safe International Road Travel of U.S., around 2.35 million people are injured or disabled due to the accidents every years in the country. As per the rising statistics of such incidence and trauma, which needs suturing, surgeons prefer automated suturing devices for minimal complication and for efficient surgeries.
Hence, the rising incidence of surgeries and incidents and traumas across the country are likely to bolster the demand of automated suturing devices.
Awareness initiatives undertaken by U.S. government and supportive healthcare policies, and increasing patient pool will also fuel the market growth across the country. As per the FMI’s analysis, the U.S. is anticipated to account for maximum volume share in the global automated suturing devices through 2021.
Why is France a Highly Lucrative Market for Automated Suturing Devices?
According to the Organization of Economic Cooperation and Development, around 148075 minimally invasive surgeries were performed in France, in 2018. Moreover, established healthcare industry and presence of several leading manufacturers such as Sanofi, Guerbet, and more are some of the factors improving the market demand.
Benefits attached with minimally invasive surgeries and rising incidence of surgical procedures in the country is augmenting the growth of the market. Rising geriatric population in the country more prone to spinal injuries opt for minimally invasive procedures due to its efficiency and reduced stay of hospital.
Increasing preference for minimally invasive procedure are creating a need for automated suturing devices among the surgeons. According to the data published by National Center for Biotechnology Information, the number of surgical procedures increased by 200% since 1998, which was 95300 laparoscopy and 160000 appendectomies were performed, due to the rising geriatric population in the country.
There has been an increase of 20.4% in 2019 from 12.9% in 1970 in the population aged above 65 years. Hence, there has been a major rise in the adoption of minimally invasive surgeries which fueled the demand of automated suturing devices in the country.
According to the European Association for Cardiovascular Prevention and Rehabilitation, the total cost for cardiovascular disease and surgery care was estimated around US$ 19.6 billion in 2014. Technological advancements in the France’s healthcare industry have increased the funding and investment in the healthcare industry.
Hence, with the increasing development and initiatives for chronic diseases and surgeries, the demand for automated suturing devices will rise in the upcoming decade. As per the FMI’s analysis, France is anticipated to be a major contributor in Europe’s automated suturing devices market share.
Why is Demand for Automated Suturing Devices Surging in U.K?
Rising incidence of cardiovascular diseases and minimally invasive surgeries in the country are the major factor for surging demand of automated suturing devices in the country. According to the British Heart Foundation, around 7.6 million people are living with heart and circulatory disease in UK. Among which, around 163,000 people die from lack of awareness of minimal invasive procedure for cardiovascular diseases in UK every year.
Acknowledging the burden, healthcare professionals and initiatives are undertaken for spreading the awareness of minimally invasive procedures, which is creating the need for automated suturing devices among the surgeons.
Additionally, rising number of open surgeries and traumas recorded in UK every year have propelled the demand of automated suturing devices due to the benefits associated with it. According to the report published by UK National Health Service, in 2019, around 57.2% of hysterectomies were performed as open surgeries with minimal invasive alternative approaches.
Hence, the demand for automotive suturing is increasing with the rising cases of minimally invasive procedures across the country.
What is Driving Adoption of Automated Suturing Devices in India?
According to FMI, India is expected to be one of the most lucrative country for automated suturing devices market across Asia Pacific excluding Japan. According to the study by Global Burden of Disease, the cases of cardiovascular disease is rising exponentially due to the sedentary lifestyle, and growing geriatric population.
In 2020 report of World Health Organization, the number of deaths in India due to cardiovascular disease was estimated around 4.77 million which increased by 7.4% from 1990, when the number of deaths recorded were around 2.26 million.
Furthermore, rising cases of open surgeries and accidents across the country have created conducive environment for automated suturing devices market. According to 2020 Indian Ministry of Road Transport and Highways, in 2019 around 151,113 fatal road accidents were recorded in the country.
As per the Road Accident Report for 2019, a total number of 449,002 accidents were recorded in the country during 2019 and 451,361 injuries. Hence, increasing cases of accidents are leading to open surgeries, accelerating the demand of automated suturing devices.
How Lucrative is the Growth Opportunity in Japan?
The automated suturing devices market in Japan is projected to witness an impressive growth during the forecast period. Rising incidence of open surgical procedures and increasing geriatric population coupled with technological advancements in the region is accelerating the market growth, registering a CAGR of over 7.1% through 2021 and beyond.
According to the Japan Ministry of Health, Labor, and Welfare report 2018, approximately 162 men per 100,000 population die from heart disease, and around 17.3 million people undergo various surgeries due to cardiovascular disease.
Also, according to the World Health Organization, around 2 million people have chronic heart failure and approximately 170,000 die from the same. Due to this increasing cases of cardiovascular diseases, recently World Health Organization, issued an action plan of 2020, ‘Global Action Plan for Prevention and Control of Noncommunicable Diseases’ for 25% reduction of these diseases. The plan of action included spreading awareness for early diagnosis and minimally invasive procedures.
Rising prevalence of gastrointestinal diseases in the adult and geriatric group are expected to increase the demand for minimally invasive surgeries, accelerating the growth of automated suturing devices.
According to a report by Yurika Kawamura, for healthcare journal in 2019, the cases for irritable bowel syndrome rose to 4.97% among the population of age above 65 years in 2019. Hence, with the rise in cases of such disease, the Japan automated suturing devices market is anticipated to witness a stellar growth during the forecast period.
What Opportunities are Prevalent in the Product Type Segment?
Demand for disposable automated suturing devices is anticipated to be relatively strong, amid the constant requirement by surgeons due to their cost effectiveness and increasing number of laparoscopic procedures across the globe. Rising prevalence of obesity is expected to boost overall demand for disposable automated suturing devices at a comparatively higher pace.
Rising number of laparoscopy procedure and minimally invasive procedures have heightened the need for disposable automated suturing devices. For instance, according to the projections of National Center of Biotechnology Information (NCBI), around 16 million laparoscopic procedures are performed every year worldwide. The rate of laparoscopic use was 94% in 2016 according to the NCBI report.
Moreover, surging demand from surgeons owing to the short operative time, less possibility of hematoma, incision bleeding and infection have propelled the demand of disposable automated suturing devices. Furthermore, to cut down post-operative problems development and new launches of disposable automated suturing devices among key manufacturers have also accelerated the segment growth.
For instance, recently Johns Hopkins University undergraduates invented a disposable suturing tool to guide the placement of stitches and guard the accidental puncture of internal organs.
Which End User Exhibit Higher Application of Automated Suturing Devices?
On the basis of end user, the market is segmented into hospitals, clinics and ambulatory surgical centers. Hospitals are anticipated to generate highest demand throughout the forecast period. High demand from the surgeons and healthcare professionals for increasing number of minimally invasive surgeries have propelled the demand of automated suturing devices within the hospitals.
Which is the Key Application of Automated Suturing Devices?
In terms of application, the market is segregated into minimally invasive surgeries, open surgeries and trauma cases. Increasing application of automated suturing devices in minimally invasive surgeries are increasing the market demand.
Increasing preference for a minimal invasive procedure among patients have burgeoned the demand of automated suturing devices. Also, rising cosmetic procedures have bolstered the rate of minimally invasive procedures, especially across the U.S.
According to the American Society of Plastic Surgeons (ASPS), around 18 million cosmetic minimally invasive procedures were performed in 2018. As of 2020, there has been an increase of 200% in the statistics of minimally invasive procedures in the U.S. since 2000.
Furthermore, according to National Plastic Surgery Statistics 2020, around 13.28 million minimally invasive procedure were performed in the U.S. Hence, the demand for automated suturing devices is quite high among the surgeons owing to its attributes for efficient wound healing and minimum hospital stay.
As per FMI analysis, minimally invasive surgeries segment is anticipated to dominate the overall automated suturing devices market throughout the forecast period. The segment revenue is projected to register fastest growth by 2031-end. Open surgeries segment is projected to be the second fastest segment in terms of revenue.
Key market players in automated suturing devices are focusing towards employing inorganic market strategies to expand their global foothold. Inorganic strategies include strategic mergers, partnerships, collaborations and forming an alliance with regional distributors to strengthen their supply chain channels.
Leading players are increasingly emphasizing on faster product approvals, product innovation and new product launched to establish their market presence. For instance, Origami Surgical, on March 3rd 2021, announced the clearance of the StitchKit, a patented suture delivery and retrieval system. The U.S. Food and Drug Administration (FDA) granted 510(k) clearance for three new types of sutures for its StitchKit robotic surgery platform.
In November 2020, Healthium Medtech, one of the largest medical devices companies in India, announced the launch of its latest innovation Trubarb™ – a knotless tissue closure device designed to redefine the suturing experience for surgeons.
On June 1st 2021, Anchora Medical, a portfolio company of Alon Medtech Ventures announced today closing of a $4.5 million financing round led by HOYA Corporation, a key strategic investor, and Tal Capital. The funds will be used to complete Anchora's family of single-use laparoscopic suturing devices.
Leading automated suturing devices manufactures as profiled by FMI include*:
- Medtronic PLC
- Boston Scientific
- C.R. Bard Inc.
- Apollo Endosurgery
- Endo Evolution LLC
- LSI Solutions Inc.
- SuturTek Inc.
*This list is indicative - full details about prominent automated suturing devices manufacturers is available upon request
Automated Suturing Devices Market - Report Scope
Historical Data Available for
US$ Mn for Value & Units for Volume
Key Regions Covered
North America, Latin America, Europe, Asia Pacific and Middle East & Africa
Key Countries Covered
US, Canada, Brazil, Mexico, Argentina, Germany, UK, Spain, France, Italy, Russia, India, China, Japan, South Korea, the Philippines, Malaysia, Thailand, Australia, New Zealand, GCC, Turkey, Israel, Turkey, Iran and South Africa
Key Segments Covered
Product, Application, and End Use
Key Companies Profiled
Market Overview, Market Background, Market Forecast, Segmental Analysis, Regional Profiling and Competition Analysis
Customization & Pricing
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Key Segments Covered
- Reusable Automated Suturing Devices
- Disposable Automated Suturing Devices
- Minimally Invasive Surgeries
- Open Surgeries
- Trauma Cases
- Ambulatory Surgical Centers
- North America (US and Canada)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Western Europe (Germany, France, Spain, UK,)
- Eastern Europe (Bulgaria, Croatia, Russia, Czech Republic)
- Asia Pacific Excluding Japan (India, China, Vietnam, Australia and Others)
- Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)