Global Anastomosis Devices Market Size 2024, Forecast To 2033
6 Mar, 2024
The anastomosis devices market size has grown strongly in recent years. It will grow from $3.49 billion in 2023 to $3.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing surgical procedures, growing aging population, prevalence of chronic diseases, improvements in healthcare infrastructure, awareness and education. The anastomosis devices market size is expected to see strong growth in the next few years. It will grow to $4.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising global healthcare expenditure, expansion of minimally invasive surgeries, advancements in anastomosis device designs, focus on patient outcomes, global increase in chronic diseases. Major trends in the forecast period include focus on patient outcomes and quality of life, development of anastomosis sealants, prevalence of colorectal diseases, global aging population, collaborations and partnerships.
Global Anastomosis Devices Market Key Driver
The surge in surgical procedures is expected to fuel the growth of the anastomosis device market in the coming years. Surgical procedures encompass a wide range of medical practices involving incisions on the human body. Anastomosis devices play a pivotal role in surgical interventions, facilitating the connection of two body portions such as blood vessels or intestines. Notably, data from the American Society for Aesthetic Plastic Surgery in April 2022 indicated a significant increase in surgical operations, climbing by 54%, alongside a 44% increase in non-surgical procedures. Furthermore, according to the American Society of Plastic Surgeons, 6.8 million reconstructive procedures were performed, marking a 3% increase from 2019. This surge in surgical interventions underscores the growing demand for anastomosis devices, driving the growth of the market, which is anticipated to expand significantly by 2028.
Get A Free Sample Of The Global Anastomosis Devices Market ReportGlobal Anastomosis Devices Market Segments
The anastomosis devices market covered in this report is segmented –
1) By Type: Surgical Staplers, Surgical Stutures, Surgical Sealants and Adhesives, Automated Suturing
2) By Usage: Disposable, Reusable
3) By Application: Cardiovascular And Thoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Other Applications
4) By End-User: Hospitals, Ambulatory Surgery Centers, Other End-Users
By Geography:The regions covered in the anastomosis devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the anastomosis devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global anastomosis devices market report during the forecast period. The regions covered in the anastomosis devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Anastomosis Devices Industry Players
Medtronic plc, Synvisc Micro Companies Alliance Inc., B. Braun Melsungen AG, Novare Surgical Systems Inc., Dextera Surgical Inc., Intuitive Surgical Inc., Boston Scientific Corp., Artivion Inc., Johnson & Johnson Services Inc., Röchling Group, Bluesail Surgical, Vascular Graft Solutions Ltd., Baxter International Inc., LivaNova plc, Getinge AB, Meril Life Sciences Pvt. Ltd., Becton, Dickinson and Company, Terumo Corporation, Teleflex Incorporated, Scanlan International Inc., Microline Surgical Inc., Grena Ltd., CryoLife Inc., Cardica Inc., Stryker Corporation, LifeNet Health Inc., Jotec GmbH, JenaValve Technology Inc., Innovia Medical, Genesee BioMedical Inc., EndoEvolution LLC, Edwards Lifesciences Corporation, ConMed Corporation, Cardialen Inc.
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Anastomosis Devices Market Overview
Anastomosis devices are disposable or reusable instruments that establish an inverted or everted tissue closure secured by two or more rows of B-shaped stainless steel, titanium, or occasionally absorbable staples. It used to remove tissues that are diseased in the body without the leakage of body fluids.
Anastomosis Devices Global Market Report 2023 provides data on the global anastomosis devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The anastomosis devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.