Anastomosis Devices Market to Grow with a CAGR of 4.55% through 2028
Expanding biopharmaceutical research and increasing
healthcare expenditure are factors driving the Global Anastomosis Devices Market in the forecast period 2024-2028.
According to TechSci Research report, “Anastomosis
Devices Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Anastomosis Devices Market stood at
USD 3.15 billion in 2022 and is anticipated to grow with a CAGR of 4.55% in the
forecast period, 2024-2028. The global anastomosis devices market is witnessing
significant growth due to various market drivers that are transforming the
healthcare landscape. Anastomosis devices play a crucial role in surgical procedures,
facilitating the connection of blood vessels or organs, such as intestines or
bowels, to restore proper blood flow or function.
One of the primary drivers of the anastomosis devices
market is the rising number of surgical procedures worldwide. As the global
population grows and ages, the demand for surgical interventions also
increases. Anastomosis devices are essential tools used in various surgical
procedures, such as gastrointestinal surgeries, vascular surgeries, and cardiac
surgeries, contributing to the market's growth.
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Advancements in surgical technologies and techniques
have revolutionized the field of anastomosis devices. Minimally invasive
surgical procedures have gained popularity, requiring specialized anastomosis
devices that enable precise and efficient suturing or stapling. Technological
innovations have also led to the development of robotic-assisted surgery, further
driving the demand for advanced anastomosis devices.
The prevalence of chronic diseases such
as cardiovascular diseases, gastrointestinal disorders, and cancer has been on
the rise globally. Patients with these conditions often require surgical interventions
that involve anastomosis devices. The increasing burden of chronic diseases
contributes to the growth of the anastomosis devices market.The aging
population is a significant demographic driver of the anastomosis devices
market. Elderly individuals are more susceptible to chronic diseases and often
require surgical treatments. Additionally, age-related vascular diseases and
digestive disorders increase the demand for anastomosis devices in this
demographic group.
Many emerging economies are investing in
expanding their healthcare infrastructure, improving access to healthcare
services. This includes the development of advanced surgical facilities
equipped with the latest medical devices, including anastomosis devices. The
growing healthcare infrastructure in these regions’ fuels market growth.
Reimbursement policies and healthcare
reimbursement systems play a crucial role in influencing the adoption of
medical devices. Favourable reimbursement policies for surgical procedures that
involve anastomosis devices encourage both patients and healthcare providers to
opt for these treatments, further boosting market growth.Key players in the
anastomosis devices market are increasingly forming strategic collaborations
and partnerships with hospitals, research institutions, and other healthcare
stakeholders. These partnerships facilitate product development, innovation,
and market expansion, contributing to the market's growth.
The Global Anastomosis Devices Market is segmented
into Product, Application, End Use and company.
Based on End Use, the hospital segment has emerged
as the predominant market leader. Hospitals generally have specialized infrastructure
and equipment required for complex surgical procedures. This includes operating
rooms with advanced technology, skilled surgical teams, and dedicated
post-operative care units. These factors make hospitals the ideal setting for
surgeries involving anastomosis, driving the demand for anastomosis devices.
Hospitals
typically handle a high volume of surgical cases, which includes procedures
that necessitate anastomosis devices. These procedures can range from
cardiovascular surgeries (such as coronary artery bypass grafting) to
gastrointestinal surgeries (such as bowel resections), and even gynecological
surgeries (such as tubal ligation reversals). The diverse nature of procedures
performed in hospitals contributes significantly to the demand for anastomosis
devices.
Based on region, North America segment is expected to
grow during the forecast period. Many major medical device
manufacturers and pharmaceutical companies are headquartered or have a
significant presence in North America. This concentration of industry players
contributes to the development and marketing of innovative medical devices,
including anastomosis devices. North America has robust regulatory agencies such as
the Food and Drug Administration (FDA) in the United States and Health Canada
in Canada. These agencies have stringent but well-defined processes for device
approval, which can instill confidence in the safety and efficacy of
anastomosis devices, encouraging their adoption.
The Asia Pacific region is experiencing rapid market
growth. The presence of numerous healthcare providers, both public and private,
in Asia Pacific fosters competition in the medical device industry. This
competition can drive innovation and lead to the introduction of new and
improved anastomosis devices onto the market.
Major companies operating in Global Anastomosis
Devices Market are:
- Medtronic plc
- LivaNova PLC
- MAQUET Holding B.V. & Co. KG.
- Dextera Surgical Inc.
- Vitalitec Internaional Inc.
- Synovis Micro Companies Alliance, Inc.
- Ethicon US, LLC
- Peters Surgical SASU
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“The global anastomosis devices market is experiencing
robust growth due to various market drivers, including increasing surgical
procedures, technological advancements, rising chronic diseases, and a growing
geriatric population. As healthcare infrastructure expands and reimbursement
policies remain favorable, the market is likely to continue its upward
trajectory. Strategic collaborations and partnerships among industry players
are expected to further accelerate market growth, making anastomosis devices an
integral part of modern surgical practices.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Anastomosis Devices Market By Product
(Disposable, Reusable), By Application (Cardiovascular Surgery,
Gastrointestinal Surgery, Others), By End-use (Hospitals, Ambulatory Care centres
& Clinics), By
Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Anastomosis Devices Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Anastomosis Devices Market.
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