Anastomosis Devices Market Expected to Reach US ~$5.89 Billion and CAGR 5.7% by 2030 – Polaris Market Research
Anastomosis is a surgical connection between two structures such as blood vessels or between two loops of the intestine. Surgeons perform anastomosis using anastomosis devices during surgeries like gastrointestinal and heart surgeries, where the surgeon connects two open ends to structure a new connection. Vascular and gastrointestinal are two major forms of anastomosis. The increasing surgical procedures are fueling the market growth.
“According to the research report, the global anastomosis devices market was valued at USD 3.63 billion in 2021 and is expected to reach USD 5.89 billion by 2030, to grow at a CAGR of 5.7% during the forecast period.”
A vascular anastomosis is a surgical procedure that is used to connect a graft and a blood vessel to create a bypass during a heart bypass surgery. While gastrointestinal anastomosis is an operation frequently performed in bowel resection, wherein the two ends of the intestine are reattached along with stitches or staples. The rising number of cardiac and gastrointestinal surgeries worldwide is driving the growth of the anastomosis devices market. Also due to high prevalence of cancer patients in North America is propelling the market growth.
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Anastomosis Devices Market: Growth Drivers
The growing geriatric population and the rising prevalence of coronary heart devices are accelerating the growth of the anastomosis devices market. The surged demand for minimally invasive surgeries and technological developments in the development of anastomoses devices are primarily fueling the market growth. The rising healthcare expenditure by the government of various countries is further boosting the market expansion. Favorable reimbursement scenarios in cardiac procedures, such as coronary artery bypass graft (CABG), angioplasty, and open-heart valve replacement, in developed countries, are accelerating the anastomosis market. Moreover, growing investments in research and development (R&D) activities to develop advanced anastomosis equipment for better clinical results are positively influencing the market growth. In addition, the increasing requirement for devices in other orthopedic, gynecological, and ophthalmic surgeries is catalyzing the industry’s growth.
Top Market Players Profiles Covered in This Report:
- LivaNova PLC
- MAQUET Holding
- Novare Surgical Systems
- Peters Surgical
- Vitalitec International
Anastomosis Devices Market: Report Segmentation
Insight by Type
The disposable segment accounted for the largest revenue share in 2021 due to the greater market penetration and greater availability of a wide array of disposable anastomosis products. Rapid developments in technology, which have led to an increase in the adoption rate of anastomosis devices globally, are further boosting the segment growth in the global anastomosis devices market.
Furthermore, the reusable anastomotic device is an emerging segment in the market. The increasing number of cardiovascular surgeries is one of the key factors which is fueling the demand for reusable anastomosis devices. They will gain huge growth in the anastomosis devices market as surgeons are looking for cost-effective ways, thereby fueling the segment growth.
Insight by Application
Based on application, the cardiovascular surgery segment is anticipated to record the highest growth rate during the forecast period owing to the growing prevalence of cardiovascular diseases worldwide. Further, the gastrointestinal surgery segment is anticipated to generate the most considerable revenue share, which can be attributed to the surging number of patients suffering from colorectal cancer.
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Geographic Overview: Anastomosis Devices Market
Based on geography, North America dominated the global anastomosis devices market with the greatest revenue. This growth can be attributed to the rising prevalence of cardiovascular diseases in the region. The growing healthcare spending by the government is boosting the demand for the anastomosis devices industry in the region. Also, the surge in the number of patients with cancer coupled with the increasing number of research and development activities by the leading market players is further accelerating the market growth.
Moreover, Asia Pacific is expected to witness the highest growth over the projected time period. This growth can be attributed to factors such as the rising number of hospitals, developing healthcare infrastructure, growing healthcare expenditure, increasing geriatric population, and the presence of a large patient population in the region.
- In January 2019, Intuitive Surgical received FDA approval for its SureForm 45 Stapler.
- In March 2021, Vascular Graft Solutions Ltd. announced receipt of marketing clearance from the Food and Drug Administration (FDA) for VIOLA.
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Anastomosis Devices Market: By Type Outlook
- Surgical Staplers
- Surgical Sutures
- Absorbable Sutures
- Synthetic Sutures
- Natural Sutures
- Non-absorbable Sutures
- Automated Suturing Devices
- Surgical Sealants and Adhesives
- Synthetic & Semisynthetic
Anastomosis Devices Market: By Application Outlook
- Cardiovascular & Thoracic Surgeries
- Gastrointestinal Surgeries
Anastomosis Devices Market: By End-Use Outlook
- Ambulatory Surgical Centers & Clinics
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