Automated Suturing Devices Market is estimated to be US$ 6.3 billion by 2032 with a CAGR of 7.6% over the forecast period (2022-2032).
The report “Automated Suturing Devices Market, By Product (Disposable, Reusable), By Application ( Cardiac, Orthopedic, Gastrointestinal, Ophthalmic), By End User (Clinics, Ambulatory Surgery Centers, Hospitals) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends Analysis and Forecast till 2032 “
Key Highlights:
In December 2022, Medtronic plc. A global leader in healthcare technology, announced its December inclusion in the Dow Jones Sustainability World Index as one of the world's leading companies for sustainability.
In December 2022, Boston Scientific Corporation and Acotec Scientific Holdings Limited announced in December that they would make a partial offer to acquire up to 65% of Acotec, a Chinese medical technology company that offers Boston Scientific solutions for a variety of interventional procedures.
In November 2022, Boston Scientific Corporation announced in November that it had entered into a definitive agreement to acquire Apollo Endosurgery, Inc., for a cash price of $10 per share, reflecting an enterprise value is approximately $615 million.
Analyst View:
Suturing devices are most important and useful for suturing operations, covering wounds or repairing injuries. Automatic suturing devices work with minimal incisions, minimal blood loss, reduced needle wounds and infection-free suturing that play a vital role in the outcome of surgical procedures, the complexity of some surgical procedures is markedly reduced by automatic suturing devices. This enables surgeons to work in tight spaces during advanced laparoscopic procedures and allow tissue to reach its natural anatomical position, rather than pulling or manipulating tissue with suturing devices. Suture and fibrin sealants are important surgical aids in creating an optimal setting for wound closure and wound healing. Generally, sutures are used to close wounds because the suture provides the mechanical support necessary to hold the material closed. Innovation in the Automated Suturing Devices market is increasing worldwide, driven by technological developments in automated suturing devices that are more efficient to use.
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Key Market Insights from the report:
Automated Suturing Devices Market accounted for US$ 3.6 billion in 2022 and is estimated to be US$ 6.3 billion by 2032 and is anticipated to register a CAGR of 7.6%. The Automated Suturing Devices Market is segmented based on Product, Application, End User and Region.
Based on Product, Automated Suturing Devices Market is segmented into Disposable, Reusable.
Based on Application, Automated Suturing Devices Market is segmented into Cardiac, Orthopedic, Gastrointestinal, and Ophthalmic.
Based on End user, Automated Suturing Devices Market is segmented into Clinics, Ambulatory Surgery Centers, and Hospitals.
By Region, the Automated Suturing Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Automated Suturing Devices Market:
The prominent players operating in the Automated Suturing Devices Market includes, Medtronic PLC, Boston Scientific, C.R Bard Inc., Apollo Endosurgery, Endo Evolution LLC, LSI Solutions Inc., SaturTek Inc., B.Braun, Melsungen AG, Peters Surgical, Smith & Nephew, Inc., Baxter International, Inc., and Ethicon, Inc. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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