North America Automated Suturing Devices Market By End-Use (Hospital, Ambulatory Surgical Centers, and Others), By Product (Reusable and Disposable), By Application (Cardiac, Ophthalmic, Gynecological, Dental, Orthopedic, Gastrointestinal, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The North America Automated Suturing Devices Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
A rising graph of chronic diseases like Type 2 Diabetes, Arthritis, Osteoporosis, cancer, cardiovascular disease, stroke, lung cancer, colorectal cancer, and other surgery-needed diseases as well as, orthopedic, gastrointestinal, and gynecological surgeries, may become the reason for expediting the demand for automated suturing devices. Also, automated suturing devices facilitate the healing process after Hip replacement surgery, knee replacement surgery, hysterectomy, and bypass surgery.
A factor that plays a vital role in the development of the automated suturing market is the continuously growing aged population. As stated in a report of the Department of Economic and Social Affairs Population Division, in 1990, the population of geriatric people (65 or above) was measured 6%, which, in 2019 was found to be to 9%.
In 2020, North America emerged as the leading region in the automated suturing devices market by acquiring the biggest revenue share of the market. The rise in the preference of this machine operating suturing device is boosting the demand of the commodity and is expected to accelerate the growth of these automated suturing devices in the market in North America. Also, the constantly increasing geriatric population may contribute to the growth of this market in the region.
The US market dominated the North America Cardiac Automated Suturing Devices Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $344.6 million by 2027. The Canada market would exhibit a CAGR of 9.3% during (2021 - 2027). Additionally, The Mexico market is experiencing a CAGR of 8.3% during (2021 - 2027).
Based on End-Use, the market is segmented into Hospital, Ambulatory Surgical Centers, and Others. Based on Product, the market is segmented into Reusable and Disposable. Based on Application, the market is segmented into Cardiac, Ophthalmic, Gynecological, Dental, Orthopedic, Gastrointestinal, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Smith & Nephew PLC, Johnson and Johnson (Ethicon, Inc.), Apollo Endosurgery, Inc., Boston Scientific Corporation, Becton, Dickinson and Company, B. Braun Melsungen AG, DemeTECH Corporation, Mellon Medical B.V., and LSI Solutions, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Ambulatory Surgical Centers
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Medtronic PLC
- Smith & Nephew PLC
- Johnson and Johnson (Ethicon, Inc.)
- Apollo Endosurgery, Inc.
- Boston Scientific Corporation
- Becton, Dickinson and Company
- B. Braun Melsungen AG
- DemeTECH Corporation
- Mellon Medical B.V.
- LSI Solutions, Inc.
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