Automated Suturing Devices Market Size, Share & Trends Analysis Report By Product (Disposable, Reusable), By Application (Cardiac, Orthopedic, Gastrointestinal, Ophthalmic), By End Use, By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global automated suturing devices market size was valued at USD 2.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028. A rise in the number of surgical procedures, growing prevalence of chronic disorders, preference for Minimally Invasive Surgeries (MIS) over traditional surgical procedures including cardiac, orthopedic, gastrointestinal, and gynecological surgeries, and increasing number of accidents and trauma cases are some of the prominent factors expecting to fuel the market growth in the forecast period. However, high devices cost, low availability of the product, and a dearth of skilled professionals are hindering market growth in some developing countries.

An increase in the number of road accidents is one of the high-impact rendering factors leading to an increase in the demand for automated suturing devices. According to the WHO, the annual number of non-fatal injuries alone contributes to more than 20 million cases worldwide. Hence, an increase in the incidence of wound injury is leading to a rise in the number of wound surgeries, which is expected to positively impact the growth of the market for automated suturing devices in the long run. Other accidents include burn-related injuries, sports injuries, trauma, and fall injuries. According to American Burn Association, burn injuries accounted for around 44% of all hospital admissions. Severe injuries mostly need surgical intervention, thus significantly contributing to the growth of the market.

The growing geriatric population is the leading factor accelerating the growth of the market for automated suturing devices. According to the Department of Economic and Social Affairs Population Division, the percentage of people aged 60 and above has increased from 9.2% in 1990 to 11.7% in 2013, which is expected to further increase to 21.1% by 2050. People aged 60 and above are at a high risk of diseases such as cardiovascular, orthopedic, and neurological diseases. Thus, an increase in the geriatric population and the need for surgical procedures are expected to boost the demand for automated suturing devices. However, there may be a risk of postsurgical complications in elderly people, which may limit the growth to a smaller extent.

A large number of surgical procedures are performed around the world. According to OMICS International Conferences, 2015, around 234 million surgical procedures are performed annually. In addition, as per the Plastic Surgery Statistics Report, 17.5 million cosmetic surgical and minimally invasive procedures were performed in 2017 in the U.S. This showcases that the number of surgeries being performed is expected to increase in the near future. Thus, usage of automated suturing devices is anticipated to grow over the forecast period.

Application Insights

The cardiac segment dominated the market for automated suturing devices and accounted for the largest revenue share of around 26.7% in 2020 followed by the orthopedic segment. The rising burden of cardiovascular disorders and an increasing number of surgical procedures is the major factor contributing to the segment growth. Coronary heart disorder and ischemic heart diseases are the major cases, which is leading to deaths globally. The American Heart Association stated that the number of in-patients due to cardiac arrest is expected to rise nearly by 23.6 million by 2030, which is expected to propel market growth.

Furthermore, the growing geriatric population is fueling the orthopedic market as the geriatric population aged above 60 years is at a high risk of the development of orthopedic conditions. The number of injuries associated with sports is also increasing and the rising number of road accidents leading to trauma cases is expected to fuel the market in the near future.

End-use Insights

The hospital segment captured the highest revenue share of around 49.8% in 2020. The increasing number of hospital admissions of patients is boosting the demand for the segment. In addition, easy accessibility and availability of hospitals over other settings, and favorable reimbursement policies are expected to boost market growth. Handheld automated suturing devices play an important role in closing wounds in tight spaces, thus, improving overall recovery time and minimizing hospital stay.

Reduced turnaround time and quick recovery are some of the major advantages increasing the preference for automatic suturing devices in ambulatory care centers and other clinics. Easy availability and high applications in emergency care are some of the factors expected to drive the growth during the forecast period. The ASC segment is expected to show the fastest growth rate from 2021 to 2028.

Product Insights

The reusable automated suturing devices segment has captured the largest revenue share of around 56.7% in 2020. The reusable product segment is leading the market attributed to factors such as these devices resist the infection during procedures followed by appropriate sterilization techniques, and it leads to minimal injury of the tissues. Furthermore, reusable automated suturing devices are affordable due to their lower costs and are easily available in the market, hence expected to propel the segment growth in the forecast period.

However, due to the Covid-19 pandemic, the risk of getting infected is very high in the hospital settings, this is somehow limiting the growth of the reusable automated suturing devices market. The disposable automated suturing devices are expected to be preferred to overcome the infection risks.

Regional Insights

North America dominated the automated suturing devices market and accounted for the largest revenue share of 35.8% in 2020. The market is expected to lead in the near future due to factors such as the rising geriatric population and the growing number of surgical procedures. A high preference for robot-assisted minimally invasive surgeries is expected to fuel the demand as well as technological advancements in automated suturing devices.

Asia Pacific is expected to witness the fastest growth rate during the forecast period. The growing chronic disorders burden and rising consumer awareness are expected to drive the growth of the market in the region. Local companies are entering into strategic initiatives to develop and commercialize new treatment options for patients. This, in turn, is expected to boost market growth.

Key Companies & Market Share Insights

Key players are involved in adopting strategies such as mergers and acquisitions, partnerships, new product development, and training services to strengthen their foothold in the market. Key players are significantly investing in research and development to manufacture technologically advanced products. For instance, In December 2019, Apollo Endo-surgery, Inc., got FDA approval for its innovative Polypropylene Suture-Anchor Assembly, which is used along with the overstitch endoscopic suturing system. Some of the prominent players in the automated suturing devices market include:

• Medtronic Plc

• Boston Scientific

• BD

• EndoEvolution

• LSI Solutions, Inc.

• Smith & Nephew

• Sutrue

• Apollo Endo-surgery

Automated Suturing Devices Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global automated suturing devices market report on the basis of product, application, end use, and region: 

• Product Outlook (Revenue, USD Million, 2017 - 2028)

  • Disposable

  • Reusable

• Application Outlook (Revenue, USD Million, 2017 - 2028)

  • Cardiac

  • Orthopedic  

  • Gastrointestinal

  • Ophthalmic

  • Dental

  • Gynecological

  • Others

• End-use Outlook (Revenue, USD Million, 2017 - 2028)

  • Hospitals

  • Ambulatory Surgical Centers

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE