Global Anastomosis Device Market Size, Share, Growth Report 2030

The global anastomosis device market size was worth around $ 1.89 billion in 2018 and is predicted to grow to around $ 3.25 billion by 2025 with a compound annual growth rate (CAGR) of roughly 8.1% between 2018 and 2025.

The study examines the factors driving, impeding, and posing difficulties to the global anastomosis device market, as well as their impact on demand throughout the forecast period. The paper also looks at new developments in the anastomosis device market.

Anastomosis Device Market: Overview

The research includes forecasts and analyses for the worldwide and regional markets for anastomosis devices. In addition to forecasts from 2019 to 2025 based on sales (USD Million), the study offers historical data from 2016. The analysis outlines the factors that are driving and impeding the market for anastomosis devices and how they will affect demand during the projected period. Furthermore, the report encompasses an analysis of the global and regional potential present in the anastomosis device market.

We have included an analysis of Porter’s Five Forces model and the competitive landscape of the anastomosis device market to provide customers of this report with a thorough understanding of the industry. All segments are benchmarked according to their market size, growth rate, and overall attractiveness as part of the study’s market attractiveness analysis.

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In order to provide a more comprehensive picture of the major companies operating in the anastomosis device market, the study offers company market share analysis. Furthermore, the report covers significant strategic developments in the market, such as mergers and acquisitions, the introduction of new products, agreements, partnerships, collaborations & joint ventures, research & development, and the regional expansion of significant players in the global and regional anastomosis device market.

Through market segmentation based on type, application, end user, and geography, the study offers a critical perspective on the anastomosis device. The market for anastomosis devices has been anticipated from 2018 to 2025 and each of its segments has been thoroughly examined based on current and projected trends.

An anastomosis is the opening or joining of two divergent or branching structures, such as lead veins, blood vessels, or streams. These connections can form regularly, as in the case of the foramen ovale in the heart of a fetus, or abnormally, as in the case of patent foramen ovale (PFO) in the heart of an adult. Usually referred to as fistulas, the aberrant anastomoses might be congenital or acquired. Reanastomosis is a technique that can be used to reinstate the obstruction in the anastomosis. To create a new connection between fluid-carrying body structures like blood arteries and the colon, a surgical anastomosis method is utilized.

The market for anastomosis devices is driven by the rise in anastomosis procedures and the corresponding rise in the prevalence of target diseases. Moreover, during the course of the projection period, technical developments and the increasing popularity of minimally invasive surgeries would support market expansion. However, the development of this industry may be hampered by the high cost of anastomosis devices and the drawn-out regulatory approval processes. Over the course of the projection period, anastomosis devices will be used more frequently due to their potential advantages in terms of effectiveness, speed of surgery, and improved patient outcomes.

The global market for anastomosis devices is divided into four categories based on type: automated suturing devices, surgical staplers, surgical sealants and adhesives, and surgical sutures. Surgical staplers held the highest revenue share in 2018 and are predicted to rise at the fastest rate of growth over the course of the projection year. The surgical staplers device type category has the biggest market share due to its ease of use, lower risk of complications, shorter operating times, and decreased blood loss/leakage. The sector of surgical staplers is further divided into powered and manual types. Non-absorbable and absorbable surgical sutures are the two subcategories. Natural and synthetic sutures are further subdivided under absorbable sutures. Natural/biological and synthetic/semisynthetic sealants and adhesives make up the surgical sealants and adhesives category.

The global market for anastomosis devices is segmented by applications, which include gastrointestinal operations, cardiovascular and thoracic surgeries, and other uses. Due to the rising incidence of gastrointestinal cancer and the expanding usage of anastomosis devices in gastrointestinal surgeries, the gastrointestinal surgery market is predicted to develop at the fastest rate during the projection period.

The end-user category is broken down into hospitals, ambulatory surgical centers, clinics, and other establishments. Due to the expanding number of hospitals, rising patient volume, accessibility to qualified personnel, simplicity of use of cutting-edge infrastructure, and availability of these resources, the hospitals category held the largest market share of the entire market in 2018. Over the course of the forecast period, an increase in ambulatory surgery centers will fuel demand for these facilities.

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Anastomosis Device Market: Competitive Analysis

Major players included in the report are Medtronic, Johnson & Johnson, B. Braun Melsungen AG, Smith & Nephew, CryoLife, Inc., Intuitive Surgical, Inc., CONMED Corporation, Boston Scientific Corporation, Péters Surgical, EndoEvolution LLC, Baxter International, Inc., Becton, Dickinson and Company, Meril Life Sciences, Biosintex among others.

Anastomosis Device Market: Regional Analysis

The United States is the largest country level market for anastomosis devices, and North America led the anastomosis device market in 2018. The presence of a well-developed healthcare infrastructure, advantageous reimbursement rules, high health care spending, rising rates of cancer and cardiovascular diseases, etc., all contribute to the region’s growth. In terms of the worldwide market for anastomosis devices, Europe was in second place. In 2018, Germany was the market leader in Europe. Over the course of the forecast period, Asia Pacific is expected to increase at the greatest CAGR.

This region’s strong expansion is anticipated to be attributed to a large patient population, advantageous government initiatives, supporting healthcare regulations, and infrastructural upgrades. Over the projection period, growth in Latin America will be modest, while growth in the Middle East and Africa will be slower.

The report segment of global anastomosis device market as follows:

Global Anastomosis Device Market: By Type

Surgical StaplersManualPowered
Surgical SuturesAbsorbable SuturesSynthetic SuturesNatural SuturesNon-absorbable Sutures
Automated Suturing Devices
Surgical Sealants and AdhesivesNatural/BiologicalSynthetic & Semisynthetic

Global Anastomosis Device Market: By Application