Anastomosis Device Market Size Is Set For Moderate Growth, To Reach...

Anastomosis Device Market Size Is Set For Moderate Growth, To Reach Around $6,614.81 Million by 2032

Posted 2024-12-13 11:08:55

The global anastomosis device market size was worth around $4012.35 Million in 2023 and is predicted to grow to around $6,614.81 Million by 2032 with a compound annual growth rate (CAGR) of roughly 5.71% between 2024 and 2032.

Zion Market Research has published a new report titled “Anastomosis Device Market by Type (Surgical Sutures, Surgical Staplers, Surgical Sealants and Adhesives and Automated Suturing Devices) by Application (Cardiovascular & Thoracic Surgeries, Gastrointestinal Surgeries and Others Applications), for Clinics, Ambulatory Surgical Centers, Hospitals and Other End Users: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032”.

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An anastomosis is a connection or opening between two branching or diverging structures such as lead veins, blood vessels, or streams. These connections may occur abnormally like patent foramen ovale (PFO) in adult's heart or naturally like foramen ovale in a fetus's heart. The abnormal anastomoses are commonly referred as fistulas and these may be either congenital or acquired. Procedure of reestablishment of the blockage in the anastomosis is called as reanastomosis. Reanastomosis is a surgical procedure used to create new connection between fluid carrying body structures such as blood vessels, bowel.

Global anastomosis devices market growth is fueled by growing prevalence of target diseases and consequent increase in the number of anastomosis surgeries. Additionally, increasing preference for minimally invasive surgeries and technological advancements are projected to boost market growth in the coming years. However, longer regulatory approval procedures and high cost of anastomosis devices may impede the market growth over the forecast period. Potential benefits of anastomosis devices in terms of efficiency, surgery time and better patient outcome will lead in increasing adoption of these devices over the forecast period.

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The anastomosis device market is segmented based on application, end user, type, and region. Based on type, global anastomosis device market is bifurcated into surgical sutures, surgical staplers, surgical sealants and adhesives and automated suturing devices. The surgical staplers segment dominated the market with largest revenue share in 2018 and is expected to grow at a highest CAGR over the forecast period. Ease of use, lesser complications, reduction in operation time and decrease in blood loss/leakage are attributing factors for largest market share of surgical staplers device type segment. Surgical staplers segment is further sub segmented into powered and manual. Surgical sutures are sub categorized into non-absorbable sutures and absorbable sutures. Absorbable sutures are further split into natural and synthetic sutures. Surgical sealants and adhesives segment is split into synthetic and semisynthetic and natural/biological sealants and adhesives.

Cardiovascular & thoracic surgeries, gastrointestinal surgeries and others applications constitute the application segment of global anastomosis device market. Highest growth rate is expected for gastrointestinal surgeries over the forecast period as a result of growing use of anastomosis devices for gastrointestinal surgeries and increasing prevalence of gastrointestinal cancer.

The end user segment is divided into include clinics, ambulatory surgical centers, hospitals and others. Hospitals segment held leading market share of overall market in 2018 owing to increasing number of hospitals, growing patient volume, availability of skilled professionals and ease and availability of advanced infrastructure. Increasing number of ambulatory surgical centers will drive the demand for ambulatory surgical centers over the forecast period.

At regional level, North America held largest revenue share in 2018 for the anastomosis devices market. U.S. was the largest country level market in North America anastomosis devices. Growth in this region is supported by presence of developed healthcare infrastructure, favorable reimbursement policies, high spending on health care, increasing prevalence of cancer and cardiovascular disorders etc. Europe held second leading position of global anastomosis devices market. Germany dominated the European market in 2018. Asia Pacific is projected to grow at a highest CAGR over the forecast period. Large patient population, favorable government initiatives, supportive healthcare policies and infrastructure improvements are expected to attribute to this rapid growth in this region. Latin America will exhibit moderate growth whereas Middle East and Africa will experience slower growth over the forecast period.

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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.

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

Gastrointestinal Surgeries
Cardiovascular & Thoracic Surgeries
Others Applications

Global Anastomosis Device Market: By End User

Hospitals
Clinics
Ambulatory Surgical Centers
Other end users

Global Anastomosis Device Market: By Region

North AmericaU.S.
EuropeUKFranceGermany
Asia PacificChinaJapanIndia
Latin AmericaBrazil
Middle East and Africa

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