The Anastomosis Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Anastomosis Devices Global Market Report 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.
The growth in surgical procedures is expected to propel the anastomosis device market going forward. Surgical procedures refer to any medical practice in which an incision is made on a person’s body. Anastomosis devices are used mainly for surgical procedures to connect two body portions, such as the blood vessels or intestines. For instance, in April 2022, according to the American Society for Aesthetic Plastic Surgery, a US-based organization for plastic surgery and cosmetic medicine, among the data collected from 294 participating plastic surgery practices, Surgical operations climbed 54%, and non-surgical procedures increased by 44%. Further, according to the American Society of Plastic Surgeons, a US-based plastic surgery specialty organization, 6.8 million reconstructive procedures were performed, a 3% increase from 2019. Therefore, the growth in surgical procedures will drive the anastomosis device market.
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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
The introduction of technologically advanced products is a key trend in the anastomosis device market. Major companies in the anastomosis devices market are focused on innovating and launching advanced products and technologies to sustain their position in the market. For instance, in June 2021, Intuitive Surgical Inc., a US-based robotic surgical products manufacturer, launched a new robot-assisted surgical stapler called SureForm. SureForm uses SmartFire technology, integrated software that can help with consistent staple lines and prevent patient tissue damage. SmartFire automatically adjusts the firing process when staplers are generated, and transections are performed to help optimize a uniform staple line and reduce tissue injury over various tissue thicknesses.
The anastomosis devices market report table of contents includes:
1. Executive Summary
2.Anastomosis Devices Market Characteristics
3. Anastomosis Devices Market Trends And Strategies
4. Anastomosis Devices Impact Of Market Analysis
5.Anastomosis Devices Market Size And Growth
6.Anastomosis Devices Segmentation
7. Anastomosis Devices Regional And Country Analysis
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27. Anastomosis Devices Competitive Landscape And Company Profiles
28. Anastomosis Devices Key Mergers And Acquisitions
29.Anastomosis Devices Future Outlook and Potential Analysis
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