Endoluminal Suturing Devices Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Endoluminal Suturing Devices Market size accounted for USD 102.3 million in 2022, growing at a CAGR of 12.8% from 2023 to 2033. Endoluminal Suturing Devices Market drives innovation in minimally invasive procedures, primarily benefiting applications such as bariatric surgery, gastrointestinal surgery, and gastroesophageal reflux disease surgery. The market is expanding due to factors like the rising prevalence of obesity and gastrointestinal diseases, the growing demand for minimally invasive treatments, and technological advances. Notably, the market is experiencing a CAGR of around 11% to 12%. Key players include Apollo Endosurgery, Inc., Johnson & Johnson, Medtronic Plc, Cook Group Incorporated, USGI Medical, and Ovesco Endoscopy AG. Challenges include high costs, difficulties in using devices in confined spaces, and the need for highly trained personnel.

The Endoluminal Suturing Devices market is driven by the increasing prevalence of gastrointestinal disorders such as obesity and gastroesophageal reflux disease (GERD), driving the demand for minimally invasive treatment options. These devices enable surgeons to perform suturing and tissue approximation procedures within the gastrointestinal tract, offering an alternative to traditional open surgeries. Moreover, technological advancements such as robotic-assisted suturing systems and the development of biodegradable sutures are enhancing procedural outcomes and patient recovery, contributing to market growth.

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Key Highlights:
• The global Endoluminal Suturing Devices Market size was valued at USD 102.3 million in 2022 growing at a CAGR of 12.8% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Endoluminal Suturing Devices Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

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Key Players
Some of the major Endoluminal Suturing Devices Market players holding high market shares include Addgene, Covidien, Johnson and Johnson, Medtronic, and Apollo Endosurgery Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Addgene
• Covidien
• Johnson and Johnson
• Medtronic
• Apollo Endosurgery Inc
• Aldevron, Ethicon Endo-Surgery, Inc
• Stryker Corporation
• Creative-Biogene, USGI Medical Inc.

Segmental Analysis
Market Segment By End User
• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others
Market Segment By Application
• Bariatric Surgery
• Gastrointestinal Defects
• Gastroesophageal Reflux Disease

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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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• Market size and dataforecast
• Competitive analysis.
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• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
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