Automated Suturing Devices Market 2021 Definition, Size, Share, Segmentation and Forecast data by 2027
Automated Suturing Devices Market: is anticipated to reach US$ 202.76 Mn by 2027 from US$ 151.30 Mn in 2020 at a CAGR of 5% during a forecast period.
Automated Suturing Devices Market Overview:
An automated suturing device market is a tool that helps surgeons do suture operations during minimally invasive and open surgery. These gadgets are utilized in a variety of procedures and do not need to be discarded as medical waste once the treatment is over. The market is expected to see profitable growth during the forecast period, due to rising demand for automated sutures and more public awareness.
Automated Suturing Devices Market Dynamic:
One of the key factors driving the growth of the automated suturing device market is the rising prevalence of chronic illnesses. According to the Centers for Illness Control and Prevention, chronic disease affects 6 out of 10 individuals in the United States. As a result of the rise in chronic conditions, minimally invasive operations such as endoscopic surgery, laparoscopic surgery, arthroscopy, bronchoscopy, and hysteroscopy have become more popular. The market is expected to grow as the elderly population grows, as the number of surgical operations is performed. According to research issued by the World Health Organization in 2016, the global surgical rate was projected to be 4,469 operations per 100,000 persons per year.
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Automated Suturing Devices Market Segmentation:
Key Players:
• Medtronic
• Smith & Nephew, Inc.
• Apollo Endosurgery, Inc
• B. Braun Melsungen AG
• Ethicon, Inc. (Johnson & Johnson)
• Becton, Dickinson & Company
• LSI Solutions, Inc.
• C. R. Bard, Inc., LLC
• SuturTek Inc.
• Boston Scientific
• Baxter International, Inc.
• EndoEvolution
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Automated Suturing Devices Market Regional Analysis:
Geographically, the Automated Suturing Devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the largest share of the Automated Suturing Devices market in 2018, due to improved healthcare awareness, high ratio of hospitals as compared to population of the region, increasing count of multidrug-resistant microbial pathogens and increase in aging population of the region.
The Automated Suturing Devices Market market report is geographically divided into various key regions as mentioned below:
- Asia-Pacific (Vietnam, Japan, Malaysia, China, Philippines, Korea, Thailand, Australia, Indonesia, and India)
- Africa and the Middle East (Egypt and GCC Countries.)
- Europe (France, Germany, Russia UK, Italy, Turkey, etc.)
- North America (Canda, the United States, and Mexico.)
- South America (Brazil etc.)
Objectives of the Report:
An increase in adoption of advancements in technology and the incidence of respiratory diseases are expected to boost the regional growth. In U.S, coronavirus diagnoses have skyrocketed. The New York City alone has reported more than 3,670 cases. Also, U.S. has reported more than 13,000 patients, which are expected to increase the demand for the Automated Suturing Devices Market across the globe.
COVID-19 Impact on Automated Suturing Devices Market:
COVID-19 is an unparallel global pandemic that has affected almost every industry, the report provided by Maximize Market Research during this crisis provides alternatives in these challenging and difficult times. This analysis briefly gives benefits in terms of market expansion and funding. This updated research also provides analysis, insights, and estimates which take account into the COVID-19 impact on the market.
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