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Automated Suturing Devices Market

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Read here the latest updates on the Automated Suturing Devices Market published by the CMI team. – PowerPoint PPT presentation

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Date added: 18 August 2020
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Title: Automated Suturing Devices Market


1
Coherent Marketing Insights
  • Market Research Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • Covid-19 Impact Tracker

2
  • AUTOMATED SUTURING DEVICES MARKET ANALYSIS
  • Automated Suturing Devices Market, By Product
    Type (Reusable Automated Suturing Devices,
    Disposable Automated Suturing Devices), By
    Application (Minimally Invasive Surgeries, Open
    Surgeries, Trauma Cases), By End User (Hospitals,
    Ambulatory Surgical Centers, Clinics), and by
    Regions (North America, Latin America, Europe,
    Asia Pacific, Middle East, and Africa) - Size,
    Share, Outlook, and Opportunity Analysis, 2019 -
    2027

3
  • Global Automated Suturing Devices Market Drivers
  • Increasing geriatric population is expected to
    boost growth of the global automated suturing
    devices market over the forecast period. For
    instance, according to the World Health
    Organization, the number of people aged 60 years
    and older will outnumber children younger than 5
    years by 2020 and in 2050, 80 of older people
    will be living in low- and middle-income
    countries.
  • The adoption of bariatric surgeries has increased
    due to increasing prevalence obesity. Automated
    suturing devices are used in bariatric surgeries
    and gastrointestinal surgeries. Therefore,
    increasing prevalence obesity is expected to
    propel growth of the market over the forecast
    period. For instance, prevalence of overweight,
    obesity, hypertension, and diabetes were 14.6,
    3.4, 5.2, and 7.1, respectively, in India,
    according to a study published in October 2019 in
    The International Journal of Environmental
    Research and Public Health.

4
Figure 1. Global Automated Suturing Devices
Market Value (US Mn), by Region, 2018

5
  • Global Automated Suturing Devices Market
    Restraints
  • However, low product availability is expected to
    hinder growth of the global automated suturing
    devices market. The stocks of automated suturing
    devices are limited on online channels. Covidien
    has listed its products Endo Stitch and Sils
    Stitch on E-bay. However, the stocks are
    rapidly exhausted.
  • Use of automated suturing devices requires
    appropriate training. Therefore, lack of skilled
    professionals is also expected to hamper the
    market growth.
  • Disposable automated suturing devices segment in
    the global automated suturing devices market was
    valued at US 430.9 Mn in 2018 and is expected to
    reach US 703.2 Mn by 2027 at a CAGR of 5.6
    during the forecast period.

6
Market Trends/Key Takeaways
  • Increasing use of automated suturing devices in
    laparoscopic surgeries is a major trend in the
    global automated suturing devices market.
    Automated suturing devices increase the dexterity
    and enable even a novice surgeon or gynecologists
    to build up surgical competence, which increases
    their use in laparoscopic hysterectomies,
    bariatric surgeries, colorectal, general surgery,
    and coronary heart surgeries. In laparoscopic
    surgery, automated suturing devices can be used
    to apply knots within a shorter time frame
    compared to conventional suturing.
  • Increasing preference for automated suturing
    devices over automated staplers is also expected
    to boost the market growth. This is owing to
    development of integrated needle and suture.
    Sutures used in such devices can be absorbable or
    non-absorbable, whereas staplers are metallic and
    may lead to bleeding and infection post-surgery.

7
Global Automated Suturing Devices Market
Competitive Landscape
  • Major players operating in the global automated
    suturing devices market include, Medtronic Plc.,
    Boston Scientific, C. R. Bard, Inc., Apollo
    Endosurgery, EndoEvolution, LLC, LSI Solutions,
    Inc., Baxter International, Inc., and SuturTek
    Inc.
  • Key players in the market are focused on adopting
    MA strategies to expand their product portfolio.
    For instance, in December 2019, Baxter
    International, Inc. entered into a definitive
    agreement to acquire Seprafilm Adhesion Barrier
    and related assets from Sanofi.
  • Key players in the market are also focused on
    adopting marketing strategies to enhance their
    market share. For instance, Apollo Endosurgery,
    Inc. announced that company management will
    present at the 12th Annual LD Micro Main Event
    investor conference.

8
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Referance https//www.coherentmarketinsights.com/
    market-insight/automated-suturing-devices-market-3
    150

9
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions. We are headquartered
    in India, having office at global financial
    capital in the U.S. Our client base includes
    players from across all business verticals in
    over 150 countries worldwide.
  • What We ProvideCustomized Market Research
    AnalysisIndustry Analysis ServicesBusiness
    Consulting ServicesLong Term Engagement
    ModelCountry Specific Analysis

10
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt. LTD.Coherent
    Market Insights 1001 4th Ave, 3200 Seattle, WA
    98154, U.S.Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

11
Thank You
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