Global Endoluminal Suturing Devices Market, By Application (Bariatric Surgery, Gastrointestinal Surgery, Gastroesophageal Reflux Disease Surgery, Others), End-Use (Hospitals, Ambulatory Surgical Clinics, Others) – Industry Trends and Forecast to 2029.
Endoluminal Suturing Devices Market Analysis and Size
Endoscopic suturing tools had significant market demand growth, and this trend is anticipated to continue during the forecast period. The need for endoluminal suturing products is anticipated to increase as the number of bariatric procedures rises and development of novel technologies to satisfy growing client demands which boost market status.
Data Bridge Market Research analyses that the endoluminal suturing devices market which was USD 45.10 million in 2021, would rocket up to USD 110.87 million by 2029, and is expected to undergo a CAGR of 11.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Endoluminal Suturing Devices Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Bariatric Surgery, Gastrointestinal Surgery, Gastroesophageal Reflux Disease Surgery, Others), End-Use (Hospitals, Ambulatory Surgical Clinics, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Apollo Endosurgery, Inc. (U.S.), Johnson & Johnson (U.S.), Medtronic Plc (Ireland), Cook Group Incorporated (U.S.), USGI Medical (U.S.), Ovesco Endoscopy AG (Germany), Endo Tools Therapeutics S.A. (Belgium), ErgoSuture (U.S.), and Sutrue Ltd. (U.K.)
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Market Opportunities
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Market Definition
Endoluminal suturing tools are employed in various minimally invasive treatments on hollow organs for surgical techniques including stapling and suturing. Over the forecast period of 2022 to 2029, rising obesity prevalence in many developed nations and obesity-related health issues are expected to fuel market expansion for endoluminal suturing devices.
Global Endoluminal Suturing Devices Market Dynamics
Drivers
- Rise in minimally invasive operations
The endoluminal suturing market has grown because of the rising prevalence of chronic diseases brought on by an increase in unhealthy lifestyles. The industry will continue to develop as more geriatric people enter the market in the coming years. These devices are typically utilised in procedures related to obesity and GERD stapling, and the market is being driven by rising demand for minimally invasive operations and technological advancements.
- Increase in demand of surgeries
The primary factor driving market expansion are an increase in diseases and surgeries, as well as an increase in demand for minimally invasive procedures and technological advancements in that direction. The difficulty of using endoluminal suturing tools in constrained workspaces and large holes has increased demand for more efficient solutions, while the entry of robotics into the market will open up lucrative business potential.
- Increasing cases of chronic diseases
The market for endoluminal suturing has expanded as a result of the rise in chronic diseases caused by lifestyle choices. Additionally, the prevalence of a number of chronic diseases among the ageing population would raise demand for endoluminal suturing tools. Due to the strong demand, endoscopic suturing equipment for minimally invasive surgery is anticipated to become more widely used.
Opportunities
The need for minimally invasive (MI) bariatric treatments and devices, which eliminate the need for major procedures and provide a minimally stressful postoperative recovery, is driving the market for endoluminal suturing devices.
This will provide beneficial opportunities for the endoluminal suturing devices market growth.
Moreover, an increase in the emerging markets and new product launches will further provide beneficial opportunities for the endoluminal suturing devices market growth during the forecast period.
Restraints/Challenges
- High cost
On the other hand, the rising cost of procedures will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the endoluminal suturing devices market.
- Difficulties of using the devices
The difficulty of using endoluminal suturing tools in constrained workspaces and large holes has increased demand for more efficient solutions, while the entry of robotics into the market will open up lucrative business potential.
This endoluminal suturing devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the endoluminal suturing devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In June 2021, Ethicon, a Johnson & Johnson subsidiary and a market leader in flexible endoluminal robotics and soft tissue microwave ablation, declared that the National Institute for Health and Care Excellence (NICEnew )'s medical technology standards had recommended the use of its Plus Sutures.
- In December 2020, Apollo Endo-surgery, Inc. announced that Reshape Lifesciences would purchase its surgical product line for laparoscopic bariatric surgery. This will increase Apollo's selection of endo-bariatric products.
Global Endoluminal Suturing Devices Market Scope
The endoluminal suturing devices market is segmented on the basis of application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Bariatric Surgery
- Gastrointestinal Surgery
- Gastroesophageal Reflux Disease Surgery
- Others
End-Use
- Hospitals
- Ambulatory Surgical Clinics
- Others
Endoluminal Suturing Devices Market Regional Analysis/Insights
The endoluminal suturing devices market is analysed and market size insights and trends are provided by country, application and end-use as referenced above.
The countries covered in the endoluminal suturing devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the endoluminal suturing devices market owing to presence of large number of patient pool for surgery and favourable reimbursement policies.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to government concentration on improving healthcare infrastructure and increasing number of population prone to chronic disease and infectious disease.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The endoluminal suturing devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for endoluminal suturing devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the endoluminal suturing devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Endoluminal Suturing Devices Market Share Analysis
The endoluminal suturing devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to endoluminal suturing devices market.
Some of the major players operating in the endoluminal suturing devices market are:
- Apollo Endosurgery, Inc. (U.S.)
- Johnson & Johnson (U.S.)
- Medtronic Plc (Ireland)
- Cook Group Incorporated (U.S.)
- USGI Medical (U.S.)
- Ovesco Endoscopy AG (Germany)
- Endo Tools Therapeutics S.A. (Belgium)
- ErgoSuture (U.S.)
- Sutrue Ltd. (U.K.)
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