Automated Suturing Devices Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Automated Suturing Devices Market Report Overview
The Automated Suturing Devices market size is valued at $568.5 million in 2023. These are medical devices used for sealing tissue after surgery. The devices are majorly utilized in suturing procedures such as minimally invasive surgeries and open surgeries. The usage of this device is negligible in the treatment of wounds, and minor and major trauma cases which can be treated with the help of hand suturing techniques.
Automated Suturing Devices Market Outlook, 2023-2033 ($ Million)
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The Automated Suturing Devices market research report provides an insightful review of the key industry trends and market revenue by segment and market outlooks from 2015-2033. The report also offers granular data on total procedures, units, average selling prices, and market values by segment.
Market Size (2023) | $568.5 Million |
Forecast Period | 2024-2033 |
Historical Period | 2015-2023 |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Key Segments | · Disposable Automated Suturing Devices
· Reusable Automated Suturing Devices |
Leading Companies | · Covidien Holding Inc
· Boston Scientific Corp · LSI SOLUTIONS Inc · B. Braun Melsungen AG · Ethicon Inc |
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Automated Suturing Devices Market Dynamics
The Automated Suturing Devices market is growing owing to the technological advancements in the Surgical Sutures Market. These technological advancements have led to a higher adoption of surgical sutures compared to other wound closure methods. The advancements in Surgical Sutures include the use of different kinds of synthetic materials that provide better tissue holding capacity and fewer risks of infection and scar tissue formation. Furthermore, it also includes coatings on sutures, braiding technologies incorporated in sutures, barbed sutures, and specialty sutures being developed for specific procedures.
Automated Suturing Devices Market Segments
The key segments in the Automated Suturing Devices market are Disposable Automated Suturing Devices and Reusable Automated Suturing Devices. Disposable Automated Suturing Devices is leading in the market in 2023.
Disposable Automated Suturing Devices are single-use devices. It consists of a handle, a toggle lever, a needle holder secured inside the jaws, and a needle. Sutures are not tracked under this segment. One unit refers to one disposable automated suturing device.
Automated Suturing Devices Market Analysis by Segments, 2023 (%)
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Automated Suturing Devices Market Segmentation by Regions
The key regions in the Automated Suturing Devices market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. North America has the largest share of the Automated Suturing Devices market in 2023 and is expected to experience significant growth during the forecast period. In addition, the US holds the largest contribution to the regional market. The factors driving the market growth include an increase in surgical procedures and changes in reimbursement policy.
Automated Suturing Devices Market Analysis by Regions, 2023 (%)
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Automated Suturing Devices Market - Competitive Landscape
Some of the leading companies in the Automated Suturing Devices market are:
- Covidien Holding Inc
- Boston Scientific Corp
- LSI SOLUTIONS Inc
- Braun Melsungen AG
- Ethicon Inc
Covidien Holding Inc. held the largest share of the Automated Suturing Devices market in 2023. It is followed by Boston Scientific Corp.
Automated Suturing Devices Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Automated Suturing Devices Segments Outlook (Value, $ Million, 2015-2033)
- Disposable Automated Suturing Devices
- Reusable Automated Suturing Devices
Automated Suturing Devices Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East and Africa
Key Inclusions
Currently marketed Automated Suturing Devices and evolving competitive landscape –
– Insightful review of the key industry trends.
– Annualized total Automated Suturing Devices market revenue by segment and market outlooks from 2015-2033.
– Granular data on total procedures, units, average selling prices, and market values by segment.
Global, Regional, and Country level market specific insights –
– Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
– SWOT analysis for the Automated Suturing Devices market.
– Competitive dynamics insights and trends provided for the Automated Suturing Devices market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
– Country-specific overview of the healthcare system.
– Country-specific reimbursement policies.
– Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Boston Scientific Corp, LSI SOLUTIONS Inc, Covidien Holding Inc, B. Braun Melsungen AG, Ethicon Inc, and Others
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for –
- CMO executives who must have deep understanding of the Automated Suturing Devices marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives who must understand crucial components of the supply base in order to make decisions about supplier selection and management.
- Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on the Automated Suturing Devices market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Automated Suturing Devices market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Automated Suturing Devices market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific Automated Suturing Devices market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
LSI SOLUTIONS Inc
Covidien Holding Inc
B. Braun Melsungen AG
Ethicon Inc
Others
Frequently asked questions
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What is the Automated Suturing Devices market size in 2023?
The Automated Suturing Devices market size is valued at $568.5 million in 2023.
-
Which region held the largest share of the Automated Suturing Devices market?
North America has the largest Automated Suturing Devices market share in 2023.
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Which segment held the largest share of the Automated Suturing Devices market?
The Disposable Automated Suturing Devices segment is leading in the Automated Suturing Devices market in 2023.
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Which are the major companies operating in the Automated Suturing Devices market?
Some of the leading companies in the Automated Suturing Devices market are Boston Scientific Corp, LSI SOLUTIONS Inc, Covidien Holding Inc, B. Braun Melsungen AG, and Ethicon Inc.
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