automated suturing devices market revenue to expand at a CAGR of 5.3% during the forecast period 2015–2025

Introduction

Automated suturing devices are medical devices used for sealing tissue after surgery or wound. These devices are used in various surgeries. In most developed countries, automated suturing is preferred over conventional suturing as it enables better wound healing and decreases hospital stay duration of patients post-surgery. Global automated suturing devices market is estimated to account for US$ 471.0 Mn by the end of 2015, and is projected to grow substantially due to rising demand for automated suturing devices in minimally invasive surgeries.

Automated Suturing Devices Market: Drivers

Increasing geriatric population, number of surgical procedures, incidence of trauma cases, risks associated with changing lifestyle, trauma cases and adoption rate of minimally invasive procedures are key factors driving growth of the automated suturing devices market. Prevalence of obesity is increasing significantly in the U.S. and other developed countries as compared to other regions of the world. These devices, especially disposable automated suturing devices, are preferred by surgeons over conventional suturing method. Though this market is growing at a significant rate, low product availability, high cost along with lack of skilled professionals is proving to be a major hindrance to overall growth of the market.

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Automated Suturing Devices Market: Key Regions

North America is expected to dominate the global market and is projected to witness 1.9X increase in volume over the forecast period. The market in the U.S is expected to dominate the North America automated suturing devices market throughout the forecast period. North America is a major automated suturing devices market. The region is expected to witness launch of various new products, with increasing number of players expected to enter the market over the next five years. Japan market is projected to witness a healthy CAGR of 5.1% during the forecast period. APEJ market is estimated to hold 16.1% share in the global automated suturing devices market by the end of 2015.

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Automated Suturing Devices Market: Competitive Landscape

Major players in the automated suturing devices market include Medtronic Plc., Boston Scientific, C. R. Bard, Inc., Apollo Endosurgery, EndoEvolution, LLC, LSI Solutions, Inc. and SuturTek Inc. In 2010, Covidien (subsidiary of Medtronic Plc.) launched the SILS Stitch articulating suturing device for advanced laparoscopic surgery to increase market share in the global automated suturing devices market. Major companies are acquiring other companies to strength their position in the market. In 2013, Boston Scientific acquired the fixate tissue band – a semi-automated suturing device – from Anulex Technologies.

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This release was published on openPR.