Global Automated Suturing Devices Market 2019-2023
About Automated Suturing Devices
An automated suturing device is used to facilitate the suturing procedure during surgical procedures such as minimally invasive (MI) surgeries and open surgeries.
Technavio’s analysts forecast the Global Automated Suturing Devices Market to grow at a CAGR of 5.07% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the automated suturing devices market. To calculate the market size, the report considers the revenue generated by the sale of automated suturing devices across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Automated Suturing Devices Market 2019-2023
Technavio recognizes the following companies as the key players in the global automated suturing devices market: Apollo Endosurgery, Boston Scientific, Ethicon, and Medtronic.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increase in the number of M&A activities. M&A activities help vendors expand their geographical reach and strengthen their business.”
According to the report, one driver influencing this market is the increased number of surgical procedures. The global automated suturing devices market is forecasted to witness a rapid growth over the next five years owing to the growing presence of MI surgeries, as surgical procedures nowadays are less painful for patients compared to traditional surgical procedures.
Further, the report states that one challenge affecting this market is high cost of automated suturing devices. The growth of the market is hindered by the high cost of automated suturing devices compared with traditional sutures and the government of many developing and under developing countries do not provide reimbursement for automated suturing devices.
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