Automated Suturing Devices Market Size

Automated Suturing Devices Market Size

Automated Suturing Devices Market size exceeded USD 640 million in 2020 and is anticipated to grow at a CAGR of over 6% between 2021 and 2027. with increasing demand for automated sutures and growing awareness among the population, the market will witness lucrative growth in the coming years.

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Growing prevalence of chronic diseases is one of the major factors driving the expansion of automated suturing device market. According to the Centers for Disease Control and Prevention, 6 in 10 adults in the U.S. suffer from chronic disease. Hence, rising chronic condition has led to an increase in minimally invasive surgeries such as endoscopic surgery, laparoscopic surgery, arthroscopy, bronchoscopy and, hysteroscopy among others

Increasing geriatric population base coupled with rising number of surgical procedures will boost the market growth. According to report published by WHO in 2016, the estimated mean global surgical rate was 4,469 procedures per 100,000 people per year. Moreover, increasing trauma and accidents will accelerate the number of surgical procedures during the forecast period.

Automated suturing devices market has experienced a negative impact during the pandemic. The sudden outbreak of COVID-19 has restricted various surgical procedures due to which demand for automated sutures decreased. Furthermore, increasing number of cases has led to deferral in elective surgeries. However, with the relaxations in guidelines is expected to impel optimum supply and demand for automated sutures. The market is poised to regrow at robust pace owing to reopening and relaxation in COVID-19 protocols. Numerous patients waiting for surgical procedures will impact the surgery rate and product adoption in the coming years.