In a recent research report by Maximize Market Research, the Automated Suturing Devices Market is expected to surpass US $ 202.70 million by the year 2027, from US $ 151.30 million in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 5%, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Automotive Steering Systemin the region, the Value – Chain analysis, and the PORTER’s analysis for the Automated Suturing Devices Market at a global level.
The study is consolidated based on two major segments and further into sub-segments, By Type (Reusable, Disposable), By Application (Open Heart Surgery, Minimally Invasive Surgery, Trauma, Others), By End-use (Hospitals, Ambulatory Surgery Centers, Others) to forecast the market size by value; also, application includes the analysis of past market dynamics from 2016 to 2020, considering 2020 as the base year.
By Application, the open surgery segment is expected to grow at a CAGR of 6.1% during the forecast period. The growing geriatric population coupled with the high incidence of cardiac diseases are fueling the number of open surgeries. According to the data by the American Heart Association, about 500,000 open-heart surgeries are performed in the U.S. every year. This has resulted in the growth of the segment during the forecast period.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (Medtronic, Smith & Nephew, Inc, Apollo Endosurgery, Inc, B. Braun Melsungen AG, Ethicon, Inc. (Johnson & Johnson), Becton, Dickinson & Company, LSI Solutions, Inc., Medtronic Plc., C. R. Bard, Inc., LLC, SuturTek Inc., Boston Scientific, Baxter International, Inc.) in the Automated Suturing Devices Market across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Automated Suturing Devices Market.”
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