The market for automated suturing devices is anticipated to reach $5.7 billion by 2030, expanding at a CAGR of 6.1% between 2022 and 2030.
Surgical suture devices are indispensable in the process of wound closure and the restoration of various injuries. These instruments find utility in various medical specialties, including orthopedics, cardiovascular surgery, ophthalmology, gynecology, laparoscopy, and orthopedic surgery. These suture devices may be operated manually or automatically. It is possible for automated suture devices to be reusable or disposable.
In contrast, suture needles are predominantly employed to close surgical sites. Most frequently, disposable surgical suture devices are utilized to alleviate patient safety concerns and prevent surgical site infections.
In its report, MRFR identifies a multitude of factors that serve as catalysts for the worldwide market.
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The aforementioned factors encompass the growing priority for patient safety, cost reduction, quality assurance and control, and the prevention of surgical site infections. Additionally, technological advancements and rising funding for the creation of innovative products are propelling the market's expansion.
Additionally, some industry leaders' investments in new product development contribute to the expansion of the automated suturing device market. Nevertheless, the financial burden associated with the devices significantly hampers the worldwide market.
The segmentation of markets
The segmentation of the global market for automated suturing devices is determined by the following factors: type, end-users, and application.
The market is segmented by type into disposable and reusable suturing devices.
The market is segmented by application into the following categories: dental, orthopedic, cardiac, gynecological, ophthalmic, and others.
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The market is comprised of clinics, hospitals, and other consumers as end-users.
Geographical Analysis
A more accurate comprehension of the market as a whole can be achieved through the regional segmentation of any given market. The regional segmentation of automated suturing devices on a global scale similarly offers a comprehensive comprehension of the market. The market is distributed across four significant regions: Asia Pacific, Europe, the Americas, and the Middle East and Africa.
The Americas dominate the global market for automated suturing devices among the regions mentioned. The Americas currently possess the greatest portion of the worldwide market and are anticipated to maintain this position throughout the remaining years of the forecast period. Technological advancements in suturing devices and the rising demand for disposable, risk-free suturing instruments propel this market.
The European region currently occupies the second greatest market share and is anticipated to maintain that status in the international rankings. The expansion of the region is attributable to the accelerated adoption of new technologies and rising healthcare expenditures.
The Asia-Pacific region is anticipated to demonstrate the market's quickest growth rate. India is a significant contributor in this regard and is expected to experience rapid growth. In conclusion, the regional market for the Middle East and Africa is anticipated to experience minimal growth over the period of forecast due to the region's lack of development and awareness.
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Competitive Environment
Péters Surgical (France), Ethicon, Inc. (United States), Medtronic (Ireland), Boston Scientific (United States), BKK B. Braun Melsungen AG (Germany), Smith & Nephew Group Plc (United Kingdom), EndoEvolution LLC (United States), DemeTECH Corporation (United States), and Suures India Pvt. Ltd. are market participants in the automated suturing devices industry.
At the Design Museum in London in June 2018, Sutrue, a medical technology company based in the United Kingdom, unveiled its revolutionary automated suturing device utilising 3D printing technology. This represents a significant advancement in the realm of 3D printing.
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