Published Date: 24-Jan-2022
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According to a new report Global Automated Suturing Devices Market, published by KBV research, The Global Automated Suturing Devices Market size is expected to reach $4,879.4 million by 2027, rising at a market growth of 9.8% CAGR during the forecast period.
The Ambulatory Surgical Centers market is expected to witness a CAGR of 10.3% during (2021 - 2027). Ambulatory surgical centers are occupied with patients needing surgical treatment. The conventional suturing procedures are required to be performed by professionals and consume some time to be completed successfully. In such scenarios, the automated suturing device is the effective and time-efficient option for a better suturing process. In addition, these devices are a boon for the surgeons as they can perform surgeries in a short duration even by non-professional surgeons. Hence, these factors are expected to boost the growth of this segment.
The Disposable market is expected to witness highest CAGR of 11.2% during (2021 - 2027). As the disposable segment of the automated suturing devices is a single-use wound closing device that allows the user to replace the used needle with a new needle. Along with delivering a cost-efficient suturing process, disposable automated suturing devices are also considered safer in comparison to traditional suturing practices.
The Gynecological market is expected to witness a CAGR of 12.8% during (2021 - 2027). A lot of gynecological surgeries are being performed across the world as a result of the continuously rising scale of the global population and other gynecology-based complications. An automated suturing device facilitates the suturing process that allows less-experienced surgeons to perform safe and efficient surgical procedures.
The North America market dominated the Global Automated Suturing Devices Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,796.1 million by 2027. The Europe market is expected to witness a CAGR of 9% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 11.9% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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