Market Trends of Automated Suturing Devices Industry
The Disposable Segment is Expected to Hold a Significant Share in the Automated Suturing Devices Market.
Disposable automated suturing devices hold a significant share of the automated suturing devices market, owing to the rising number of surgical procedures. An article published in the Journal of Innovations in June 2021 discussed the advantages of automated suture fasteners over manually tied sutures. The study indicated that using a disposable automated suture fastener, COR-KNOT, resulted in shorter Cardiopulmonary Bypass and Aorta Cross Clamp times, which can greatly help surgeons. The increasing use of such disposable devices is expected to add to the growth of the disposable automated suturing devices segment in the studied market during the forecast period.
Several research and development programs are being made on automated suturing devices, which are useful in the growth of the market. In December 2021, researchers at the University of New South Wales Medical Robotics Lab developed smart sutures to speed up wound recovery, which does not need human intervention and automatically tightens the wound opening. Such innovations are likely to boost the growth of the automated suturing devices market over the forecast period.
Thus, the abovementioned factor is expected to drive segmental growth in the market during the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period.
North America is expected to hold a significant share of the overall market throughout the forecast period due to better regulations of surgical devices and growing awareness among the population to approach surgeries in case of injuries and chronic disease problems. For instance, according to the April 2021 data of the University of Alabama at Birmingham, 350,000 CABG surgeries are performed annually in the United States. The rising prevalence of cardiovascular disorders and obesity rates is attributed to the market's growth in this region. Furthermore, according to the CDC's 2022 update, 18.2 million adults had coronary artery disease, and approximately 70% of these patients underwent surgery. The United States records nearly 35 million hospital stays each year. Hence, this rise in hospital stays and surgeries is expected to drive the market's growth.
Furthermore, an increasing number of injuries due to road accidents in the United States resulted in increased surgical procedures, thereby increasing the usage of surgical blades. According to the data published in March 2022 by ASIRT, annually, 4.4 million Americans are injured seriously enough to require medical attention in the United States.
Thus, the aforementioned factors are expected to boost the market's growth in North America over the forecast period.
