Automated Suturing Devices Market 2018 Expected To Reach 4.5 Billion USD By The End Of 2023 | Medtronic plc., DemeTECH Corporation,  Smith & Nephew plc, Péters Surgical, EndoEvolution LLC etc.

Market Scenario:

Surgical sutures devices are used for wound closure or repair injuries. These devices have their application in ophthalmology, orthopedic, gynecology, cardiovascular surgery, orthopedic surgery, laparoscopy and other specialties in healthcare. Surgical suture devices can be automated or manually used suture devices. Suture needle is primarily used for surgical site closure. Automated devices can be disposable or reusable. Disposable surgical suture devices are most widely used because of safety concerns to the patient and prevention of surgical site infection.

Demand for automated suturing is increasing due to an increasing emphasis on patient safety, quality control and quality assurance, reduce cost and to prevent surgical site infection. Technological advancement and increasing funding for innovative product development are driving the market. Major companies are investing in new product development to derive value product for the market. Cost of automated suturing devices acts as a restrain for this market.

Global market of automated suturing devices is expected to reach USD 4.50 billion in 2023 from USD 2.95 billion in 2016 with a CAGR of approximately 7.2% during the forecast period 2017-2023.

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Key Players:

Ethicon Inc. (U.S.), B. Braun Melsungen AG (Germany), Medtronic plc. (Ireland), DemeTECH Corporation (U.S.), Smith & Nephew plc (U.K.), Péters Surgical (France), EndoEvolution LLC (U.S.), Boston Scientific Corporation (U.S.) and Sutures India Pvt. Ltd. (India).

Segmentation:

Global Automated suturing devices market has been segmented on the basis of type of suturing device which includes disposable and reusable suturing devices. On the basis of application the market is segmented into cardiac, orthopedic, ophthalmic, dental, gynecological and other applications. End users are hospitals, clinics and other users.

Regional Analysis:

Globally, automated suturing devices market consists of four regions Americas, Europe, Asia-Pacific and Middle East and Africa. America is the largest market. Technological advancement in suturing devices and demand of safe and disposable suturing devices boost the growth of this market in America. Europe is the second largest market. Due to rapid adoption of new devices and increasing healthcare expenditure, Asia Pacific shows fastest growth in this market. India is expected to be the emerging and fastest growing market. While Middle East and Africa market has shown limited growth during the forecast period.

Study objectives:

Main objective of this research is to provide information about automated suturing devices market, types of automated suture devices, their application and end users.

• To provide detailed analysis of the market structure along with forecast for the next seven years of the various segments and sub-segments of the automated suturing devices market.
• To provide insights about factors affecting the market growth.
• To analyze the automated suturing devices market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific and Middle East and Africa.
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segments by type, by application, by end users and its sub-segments.
• To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Automated suturing devices market.

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