Automated Suturing Devices Market Analysis

Automated Suturing Devices Market Analysis

Reusable segment held more than 33% of the market share in 2020. Growing demand for minimally invasive surgeries will stimulate demand for reusable automated suturing devices. The reusable automated suturing devices are resistant to infection through sterilization procedures and cause minimal tissue injury. Additionally, reusable device is cost-effective and easily available that is slated to spur customer preference and thereby the segment growth.

Open surgery segment in the automated suturing devices market is predicted to showcase 6.1% growth rate through 2027. Expanding geriatric population coupled with high incidence of cardiac diseases are propelling the number of open surgeries. According to the data published by the American Heart Association, about 500,000 open heart surgeries are performed in the U.S. every year.

Hospitals end-use segment is set to reach USD 420 million by 2027. Rising number of surgeries performed in hospitals coupled with presence of skilled staff in hospital will foster the segment revenue. In addition, increasing number of patient visits to multispecialty as well as small-sized hospitals will influence the segment expansion.

North America automated suturing devices market accounted for more than 33% of revenue share in 2020. The growing number of road accidents and trauma cases has led to significant rise in surgical procedures. According to the Association for Safe International Road Travel, around 4.4 million people are injured every year in the U.S. This will stimulate demand for automated sutures to perform efficient surgeries. Moreover, high healthcare spending capacity and acceptance of automated equipment will positively impact the regional growth.