Endoluminal Suturing Devices Market Analysis and Forecast to 2032: By Application (Gastrointestinal Surgery, Bariatric Surgery, Gastroesophageal Reflux Disease), End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Others), and Region
The global endoluminal suturing devices market was valued at USD 78.0 million in 2022 and it is anticipated to grow further to USD 239.5 million by 2032, at a CAGR of 11.9% during the forecast period.
Endoluminal suturing devices are devices that are used to close incisions or wounds in the lining of the gastrointestinal tract. These devices are inserted through the mouth or rectum and are used to close incisions in the stomach, small intestine, or large intestine. Endoluminal suturing devices are made of a variety of materials, including stainless steel, titanium, and polypropylene.
Global Endoluminal Suturing Devices Market Scope and Report Structure
| Report Attribute | Details |
|---|---|
| Market Size in 2022 | $78.0 Mn |
| Market Size in 2032 | $239.5 Mn |
| Growth Rate (2022-32) | 11.9% |
| Historic Period | 2016-2021 |
| Forecast Period | 2023-2032 |
| Base Year | 2022 |
| Segments Covered | Application, End User, and Region |
| Key Companies | Apollo Endosurgery, Inc., Ethicon Endo-Surgery, Medtronic Plc., USGI Medical Inc., Covidien., Ovesco Endoscopy AG, Endo Tools Therapeutics S.A., ErgoSuture, Stryker Corporation, and Sutrue Ltd. among others. |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Market Driver and Trends
The key drivers of the Endoluminal Suturing Devices market include the rising prevalence of gastrointestinal diseases, the increasing number of surgical procedures, the availability of advanced endoluminal suturing devices, and favorable reimbursement policies.
The rising prevalence of gastrointestinal diseases is one of the major drivers of the Endoluminal Suturing Devices market. According to the World Health Organization, the prevalence of gastrointestinal diseases has increased significantly over the past few years. The number of people suffering from gastrointestinal diseases is expected to continue to grow in the coming years. This is expected to drive the demand for endoluminal suturing devices.
The increasing number of surgical procedures is another major driver of the Endoluminal Suturing Devices market. According to the American College of Surgeons, the number of surgical procedures performed in the United States has increased significantly over the past few years. The number of surgical procedures is expected to continue to grow in the coming years. This is expected to drive the demand for endoluminal suturing devices.
The favorable reimbursement policies are another driver of the Endoluminal Suturing Devices market. The favorable reimbursement policies have made it possible for more people to get access to endoluminal suturing devices. This is expected to drive the demand for endoluminal suturing devices.
Market Restraints and Challenges
The key restraints in the endoluminal suturing devices market are the high cost of the devices and the lack of skilled personnel. The challenges in the endoluminal suturing devices market are the lack of awareness among surgeons and the lack of standardization of the devices.
Global Endoluminal Suturing Devices Market Segmental Overview
The global endoluminal suturing devices market is segmented into application, and end user, and region.
Global Endoluminal Suturing Devices Market by Application
Based on application, it is segmented into gastrointestinal surgery, bariatric surgery, and gastroesophageal reflux disease. The gastrointestinal surgery segment is anticipated to dominate the market during the forecast period. Similarly, the bariatric surgery segment is anticipated to witness the fastest growth during the forecast period.
Global Endoluminal Suturing Devices Market by End User
Based on end user, it is segmented into hospitals, clinics, ambulatory surgical centers, and others. The hospitals segment is anticipated to dominate the market during the forecast period. Similarly, the clinics segment is anticipated to witness the fastest growth during the forecast period.
Geographical Analysis of the Global Endoluminal Suturing Devices Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Europe region is anticipated to witness the fastest growth during the forecast period.
Major Players in the Global Endoluminal Suturing Devices Market
The key players studied in the global endoluminal suturing devices market are Apollo Endosurgery, Inc., Ethicon Endo-Surgery, Medtronic Plc., USGI Medical Inc., Covidien., Ovesco Endoscopy AG, Endo Tools Therapeutics S.A., ErgoSuture, Stryker Corporation, and Sutrue Ltd. among others.
COVID-19 Impact
The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on society and affecting millions of people and businesses. Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth. Over 4 million people are affected globally, with 300 thousand losing their lives due to SARS-CoV-2. Healthcare organizations are already working in battle mode, preparing new plans to respond to the growing number of COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers. Due to the diversion of the medical field towards treating COVID-19, the funding for R&D activities related to endoluminal suturing devices has been reduced and this segment has to face negligence subsequently causing a negative impact on the endoluminal suturing devices market.
Recent Developments
- January 2022, Endo Tools Therapeutics (ETT), a manufacturer of sophisticated endoscopic medical devices for use by gastroenterologists, announced the FDA 510(k) clearance of the endomina system, developed for endoscopic suture application and soft tissue approximation in the gastrointestinal tract on adults. The endomina system consists of a universal triangulation platform and a tissue piercing and approximation instrument. It can be attached to a variety of tested standard endoscopes, resulting in a bendable therapeutic channel that moves independently.
- April 2021, a contract to purchase the MyEllevate Surgical Suture System was announced by Cynosure at The Aesthetic Society’s ‘The Aesthetic Meeting 2021,’ enhancing the company’s line-up of minimally invasive facial rejuvenation treatments. MyEllevate uses the revolutionary ICLED light-guided suture technology to give surgeons the ability to quickly and effectively implant a suture support system without making incisions, giving patients a more youthful appearance with little recovery time. MyEllevate is the first and only patented light-guided technology for use in soft tissue approximation and the elevation of sub-dermis and underlying muscle, and it is carried out with the ICLED lightguided suture system.
Frequently Asked Questions
Q1. How big is the Endoluminal Suturing Devices market?
Ans. The global Endoluminal Suturing Devices market size was USD 78.0 million in 2022 and it is anticipated to grow further till USD 239.5 million by 2032, at a CAGR of 11.9% from 2023 to 2032.
Q2. What is the Endoluminal Suturing Devices market growth rate?
Ans. The growth rate of the Endoluminal Suturing Devices market is 11.9%.
Q3. Which region holds a major market share for the Endoluminal Suturing Devices market?
Ans. North America holds a major market share of the Endoluminal Suturing Devices market in 2022.
Q4. Which segment accounted for the largest Endoluminal Suturing Devices market share?
Ans. By application, gastrointestinal surgery segment accounted for the largest Endoluminal Suturing Devices market share.
Q5. Who are the key players in the Endoluminal Suturing Devices market?
Ans. The global Endoluminal Suturing Devices market report includes players such as Apollo Endosurgery, Inc., Ethicon Endo-Surgery, Medtronic Plc., USGI Medical Inc., Covidien., Ovesco Endoscopy AG, Endo Tools Therapeutics S.A., ErgoSuture, Stryker Corporation, and Sutrue Ltd. among others.
Q6. What are the factors driving the Endoluminal Suturing Devices market growth?
Ans. The major factors driving the growth of the market are the growing market in emerging countries.
Q7. What are the key growth strategies of Endoluminal Suturing Devices market players?
Ans. The key growth strategies of Endoluminal Suturing Devices market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the Endoluminal Suturing Devices market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the Endoluminal Suturing Devices market during the forecast period.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Endoluminal Suturing Devices Market Outlook
3.1. Endoluminal Suturing Devices Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Endoluminal Suturing Devices Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Endoluminal Suturing Devices Market
4.3. Economic Impact Analysis
Chapter 5. Endoluminal Suturing Devices Market by Application
5.1. Market Overview
5.2. Gastrointestinal Surgery
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Bariatric Surgery
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Gastroesophageal Reflux Disease
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Endoluminal Suturing Devices Market b End Use
6.1. Market Overview
6.2. Hospitals
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Clinics
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Ambulatory Surgical Centers
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Endoluminal Suturing Devices Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.3. North America Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.2.4. North America Endoluminal Suturing Devices Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.5.2. The U.S. Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.6.2. Canada Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.7.2. Mexico Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.3. Europe Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.3.4. Europe Endoluminal Suturing Devices Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.5.2. Germany Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.6.2. France Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.7.2. U.K. Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.8.2. Spain Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.9.2. Italy Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Endoluminal Suturing Devices Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.4.4. Asia-Pacific Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.5.2. China Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.6.2. India Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.7.2. Japan Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.8.2. South Korea Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.3. Rest of the World Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.5.4. Rest of the World Endoluminal Suturing Devices Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.5.2. Latin America Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.6.2. Middle East Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Endoluminal Suturing Devices Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.7.2. Africa Endoluminal Suturing Devices Market Size and Forecast b End Use, 2021-2031, ($Million)
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Developments
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions
Chapter 9. Company Profiles
9.1. Apollo Endosurgery,Inc
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Ethicon Endo-Surgery
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Medtronic Plc.
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. USGI Medical Inc.
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Covidien
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Ovesco Endoscopy AG
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Endo Tools Therapeutics S.A.
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. ErgoSuture
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Stryker Corporation
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Suture Ltd
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The list of company is subject to change during the final compilation of the report
Key Players
Market Segments
By Application
- Gastrointestinal Surgery
- Bariatric Surgery
- Gastroesophageal Reflux Disease
By End Use
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa