Anastomosis Devices Market

Market Overview:

The global anastomosis devices market size reached US$ 3.16 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.85 Billion by 2028, exhibiting a growth rate (CAGR) of 7.25% during 2023-2028. The global market for anastomosis devices is experiencing significant growth due to several key drivers, including the rising prevalence of cardiovascular diseases, increasing surgical procedures, advancements in healthcare infrastructure, growing geriatric population, and the introduction of innovative technologies and minimally invasive surgical techniques.

Anastomosis devices are medical tools used to create connections between blood vessels, organs, or tissues during surgical procedures. They play a vital role in promoting proper blood flow and tissue healing. By utilizing advanced techniques, anastomosis devices allow surgeons to join severed vessels or connect them to bypass blocked arteries. They typically work by securely attaching the ends of blood vessels or tissues using sutures, staples, or clips. This promotes efficient blood circulation and restores functionality to the affected area. The advantages of anastomosis devices include reduced operative time, improved surgical precision, and enhanced patient outcomes. There are different types of anastomosis devices available, including vascular staplers, circular staplers, and surgical sutures.

The global anastomosis devices industry is influenced by the increasing prevalence of cardiovascular diseases and the rising number of surgical procedures worldwide. Besides this, the growing geriatric population, coupled with the surging demand for minimally invasive surgical techniques, are fueling the market growth. Furthermore, rapid advancements in technology, such as the development of robotic-assisted surgical systems, have improved the precision and effectiveness of anastomosis procedures, further providing an impetus to market growth. Additionally, the rising healthcare expenditure and favorable reimbursement policies in various countries are supporting the market growth. In line with this, the expanding applications of anastomosis devices in different surgical specialties, including cardiac, gastrointestinal, and vascular surgeries, is contributing to market growth. 

Anastomosis Devices Market Trends/Drivers:

Increasing prevalence of cardiovascular diseases and surgical procedures 

Cardiovascular diseases, such as coronary artery disease and valvular heart disease, are major health concerns worldwide. These conditions often require surgical interventions like coronary artery bypass grafting (CABG) or heart valve replacement, where anastomosis devices are extensively used. The growing incidence of these diseases, fueled by factors like sedentary lifestyles, unhealthy diets, and aging populations, contributes to the demand for anastomosis devices. Additionally, the increasing awareness about early diagnosis and treatment options, along with advancements in medical infrastructure, further supports the rise in surgical procedures, which is expected to drive the growth of the anastomosis devices market.

Growing geriatric population and demand for minimally invasive techniques 

The geriatric population is a significant driver for the anastomosis devices industry. As people age, the risk of cardiovascular diseases and other conditions requiring surgical interventions increases. Moreover, the elderly population prefers minimally invasive surgical techniques over traditional open surgeries due to their benefits, such as reduced hospital stays, faster recovery, and fewer complications. Anastomosis devices play a crucial role in minimally invasive procedures by enabling precise and secure connections between blood vessels or hollow organs. The demand for such devices is expected to grow in tandem with the aging population and the increasing preference for minimally invasive techniques, driving market expansion. 

Advancements in technology and robotic-assisted surgical systems 

Technological advancements in the field of anastomosis devices have significantly contributed to the growth of the market. One notable advancement is the development of robotic-assisted surgical systems, which offer enhanced precision, dexterity, and visualization during surgical procedures. These systems allow surgeons to perform complex anastomosis with greater ease, leading to improved patient outcomes. The integration of robotic-assisted surgery with anastomosis devices has revolutionized various surgical specialties, including cardiac, gastrointestinal, and vascular surgeries. The use of robotic systems in anastomosis procedures has gained popularity due to reduced surgical trauma, faster recovery, and superior surgical outcomes. As a result, the increasing adoption of robotic-assisted surgical systems, coupled with ongoing research and development efforts, is expected to propel the demand for anastomosis devices in the market.

Anastomosis Devices Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on type, application, and end user.

Breakup by Type:

• Surgical Staplers
  • Manual
  • Powered
• Surgical Sutures
  • Absorbable Sutures
    • Synthetic Sutures
    • Natural Sutures
  • Non-absorbable Sutures
    • Polypropylene
    • Nylon
    • Stainless Steel
    • Others
• Automated Suturing Devices
  • Disposable
  • Reusable
• Surgical Sealants and Adhesives
  • Natural/Biological
    • Fibrin-based
    • Collagen-based
    • Albumin-based
  • Synthetic and Semisynthetic
    • PEG Hydrogel-based
    • Cyanoacrylate-based
    • Others
       

Surgical staplers dominate the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes surgical staplers (manual and powered), surgical sutures (absorbable sutures and non-absorbable sutures), automated suturing devices (disposable and reusable), and surgical sealants and adhesives (natural/biological, and synthetic and semisynthetic). According to the report, surgical staplers represented the largest segment.

Surgical staplers are widely used in anastomosis procedures to securely connect tissues or blood vessels. These devices provide a fast and efficient way to close surgical incisions or create anastomotic connections. They offer the advantage of precise and consistent staple placement, reducing the risk of leakage or bleeding. Surgical staplers come in various forms, including linear staplers for straight-line closures and circular staplers for circular anastomoses. They have revolutionized surgical techniques by minimizing operative time and enhancing patient recovery.

Breakup by Application:

• Gastrointestinal Surgeries
• Cardiovascular and Thoracic Surgeries
• Others
   

Cardiovascular and thoracic surgeries hold the largest share in the market

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes gastrointestinal surgeries, cardiovascular and thoracic surgeries, and others. According to the report, cardiovascular and thoracic surgeries accounted for the largest market share.

Anastomosis devices are extensively used in cardiovascular and thoracic surgeries, which involve procedures like coronary artery bypass grafting (CABG), heart valve replacement, and lung transplantation. In these surgeries, anastomosis devices enable the connection of blood vessels, grafts, or replacement valves, restoring blood flow and proper functioning of the heart or lungs. The high prevalence of cardiovascular diseases, such as coronary artery disease and heart valve disorders, drives the demand for these surgeries. Anastomosis devices play a critical role in ensuring secure and precise connections, contributing to improved patient outcomes and reduced risks of postoperative complications.

Breakup by End User:

• Hospitals
• Ambulatory Surgical Centers and Clinics
• Others
   

Hospitals dominate the market

The report has provided a detailed breakup and analysis of the market based on the end user. This includes hospitals, ambulatory surgical centers and clinics, and others. According to the report, hospitals represented the largest segment.

Hospitals play a crucial role in providing comprehensive healthcare services. They handle a wide range of surgical procedures, including complex cardiac and vascular surgeries, where anastomosis devices are essential. Hospitals benefit from these devices by facilitating faster and more efficient connections between blood vessels and tissues, leading to improved patient outcomes.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance, accounting for the largest anastomosis devices market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America has a well-established healthcare infrastructure and advanced medical facilities, which promote the adoption of innovative surgical techniques and devices. Additionally, the high prevalence of cardiovascular diseases, favorable reimbursement policies, and increasing investments in healthcare contribute to the market's growth. The presence of key market players in North America also fosters advancements in anastomosis devices through research and development initiatives.

Competitive Landscape:

The market for anastomosis devices is highly competitive and characterized by the presence of several key players. These companies focus on developing technologically advanced devices to gain a competitive edge. They also engage in strategies such as mergers and acquisitions, partnerships, and product launches to strengthen their market position. They invest in research and development activities to introduce innovative products and stay ahead of the competition. Additionally, market players focus on expanding their distribution networks and collaborating with healthcare providers to enhance their market reach.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Artivion Inc
• B. Braun Melsungen AG (B. Braun Holding GmbH & Co. KG)
• Becton, Dickinson and Company
• Getinge AB
• Intuitive Surgical Inc.
• Johnson & Johnson
• Meril Life Sciences Pvt. Ltd.
• Peters Surgical
• Synovis Micro Companies Alliance Inc. (Baxter International Inc.)

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Anastomosis Devices Market Report Scope:

Key Questions Answered in This Report:

• How has the global anastomosis devices market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global anastomosis devices market?
• What is the impact of each driver, restraint, and opportunity on the global anastomosis devices market?
• What are the key regional markets?
• Which countries represent the most attractive anastomosis devices market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the anastomosis devices market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the anastomosis devices market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the anastomosis devices market?
• What is the competitive structure of the global anastomosis devices market?
• Who are the key players/companies in the global anastomosis devices market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the anastomosis devices market from 2017-2028.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global anastomosis devices market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the anastomosis devices industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.