Automated Suturing Devices Market

Automated Suturing Devices Market: Increasing minimally invasive procedures to drive the market for Automated Suturing Devices: Global Industry Analysis and Opportunity Assessment 2015 - 2025

Introduction

Automated suturing devices are medical devices used for sealing tissue after surgery or wound. These devices are used in various surgeries. In most developed countries, automated suturing is preferred over conventional suturing as it enables better wound healing and decreases hospital stay duration of patients post-surgery. Global automated suturing devices market is estimated to account for US$ 471.0 Mn by the end of 2015, and is projected to grow substantially due to rising demand for automated suturing devices in minimally invasive surgeries.

Automated Suturing Devices Market: Drivers

Increasing geriatric population, number of surgical procedures, incidence of trauma cases, risks associated with changing lifestyle, trauma cases and adoption rate of minimally invasive procedures are key factors driving growth of the automated suturing devices market. Prevalence of obesity is increasing significantly in the U.S. and other developed countries as compared to other regions of the world. These devices, especially disposable automated suturing devices, are preferred by surgeons over conventional suturing method. Though this market is growing at a significant rate, low product availability, high cost along with lack of skilled professionals is proving to be a major hindrance to overall growth of the market.

Automated Suturing Devices Market: Key Regions

North America is expected to dominate the global market and is projected to witness 1.9X increase in volume over the forecast period. The market in the U.S is expected to dominate the North America automated suturing devices market throughout the forecast period. North America is a major automated suturing devices market. The region is expected to witness launch of various new products, with increasing number of players expected to enter the market over the next five years. Japan market is projected to witness a healthy CAGR of 5.1% during the forecast period. APEJ market is estimated to hold 16.1% share in the global automated suturing devices market by the end of 2015.

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Automated Suturing Devices Market: Competitive Landscape

Major players in the automated suturing devices market include Medtronic Plc., Boston Scientific, C. R. Bard, Inc., Apollo Endosurgery, EndoEvolution, LLC, LSI Solutions, Inc. and SuturTek Inc. In 2010, Covidien (subsidiary of Medtronic Plc.) launched the SILS Stitch articulating suturing device for advanced laparoscopic surgery to increase market share in the global automated suturing devices market. Major companies are acquiring other companies to strength their position in the market. In 2013, Boston Scientific acquired the fixate tissue band – a semi-automated suturing device – from Anulex Technologies.

This Future Market Insights report examines the ‘Automated Suturing Devices Market’ for the period 2015 - 2025. The primary objective of the report is to offer updates and in-depth analysis of market opportunities in the global automated suturing devices market.

Automated suturing devices are majorly used in minimal invasive surgeries, open surgical procedures and major trauma cases that require surgery. Automated suturing devices are preferred over conventional suturing devices during laparoscopic surgeries, as suturing becomes difficult when a surgeon is operating in three-dimensional plane while concentrating on a two-dimensional plane. Using automated suturing devices enables surgeons to achieve accuracy and precision. Secondly, the device is also preferred by procurement teams at hospitals as it labelled under “green products”, resulting in considerably less impact on the environment as compared to plastic single-use disposable suturing devices.

The report offers global market forecast in terms of value and volume for the next 10 years.

Products covered in the report include:

  • Disposable Automated Suturing Devices
  • Reusable Automated Suturing Devices

To understand and assess the opportunities in this market, the report is categorically split under four sections: by product, technique, end user and region. The report analyses the global automated suturing devices market in terms of market value (US$ Mn) and market volume (units).

On the basis of application, the global automated suturing devices market is segmented into:

  • Minimally Invasive Surgeries
  • Open Surgeries
  • Trauma Cases

The report starts with an overview of automated suturing devices and end-use segments. In the same section, FMI covers the automated suturing devices market performance in terms of revenue. This section includes FMI’s analysis of key trends, drivers and restraints from supply and demand perspectives.

The next section of the report analyses the market based on end-user segments and presents the forecast in terms value for the next 10 years.

End-use segments covered in the report include:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

The next section of the report analyses the market on the basis of region and presents the forecast in terms of value and volume for the following 10 years.

Regions covered in the report are:

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • Middle East & Africa
  • Asia Pacific excluding Japan (APEJ)
  • Japan

To arrive at the market size, the report considers average price of automated suturing devices per devices across geographies. The forecast presented here assesses the total revenue of the global automated suturing devices market. When developing the forecast of the market, the starting point is sizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics, we triangulated the outcome on the basis of analysis based on supply side, demand side and disease prevalence rate. However, quantifying the market across aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.

In addition, we have taken into consideration year-on-year growth to understand the predictability of the market and identify the right opportunities across the automated suturing devices market.

As previously highlighted, the market for automated suturing devices is split into various categories on the basis of region, products, techniques and end user segments. All these segments have been analysed in terms of basis point (BPS) to understand individual segments relative contribution to growth. This detailed level of information is important for identification of the various key trends in the automated suturing devices market.

Another key feature of this report is the analysis of automated suturing devices market by region, end-use segments and applications and its revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global automated suturing devices market.

Furthermore, Future Market Insights has developed market attractiveness index for all four segments: regional, product type, application and end user segments. This index helps in identifying the real opportunities in the market.

In the final section of the report, automated suturing devices market landscape is included to provide report audiences with a dashboard view on the basis of categories of providers across the market, presence in automated suturing devices product portfolio and key differentiators. Key market participants covered in the report include Medtronic Plc., Inc., Apollo Endosurgery, LSI Solutions, Inc., Boston Scientific, C. R. Bard, SuturTek Inc. and EndoEvolution, LLC.