Anastomosis devices are medical devices used to join two hollow organs together. Examples of such devices include staplers, circular staplers, and sutures. These devices are used in surgical operations such as gastrointestinal bypass surgery, colorectal surgery, and head and neck reconstruction. They are also used to join blood vessels during cardiac bypass surgery and reconstructive surgery. The process of anastomosis is also used in the treatment of gastrointestinal problems such as Crohn’s disease and ulcerative colitis. Anastomosis devices are made from a variety of materials, including stainless steel, titanium, and synthetic polymers.
Globally, a staggering 310 million major surgeries are performed annually around 40 to 50 million in the US and 20 million in Europe. The growing number of surgeries can be attributed to the rapidly growing senior population worldwide and the increasing prevalence of chronic diseases. Apart from the rising geriatric population, the prevalence of lifestyle disorders such as cardiac diseases, diabetes, hypertension, obesity, and cancer is also increasing globally not only among the elderly but also among younger people. With the rise in the overall number of such surgeries performed globally, the demand for anastomosis devices is also set to rise. These devices aid in faster recovery, minimal scarring, and reduced blood loss.
Currently, Anastomosis Device Market is projected to grow from USD 3.0 billion in 2022 to USD 4.4 billion by 2027, at a CAGR of 8.3% from 2022 to 2027 according to a new report by MarketsandMarkets™. The increasing incidence of target diseases and the subsequent growth in the number of surgical procedures, the growing demand for minimally invasive surgeries, and technological advancements are the major factors driving the market’s growth. Emerging economies such as China, Japan, and India are providing profitable opportunities for the players operating in the market.
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Market Growth Drivers
- Growing number of surgical procedures worldwide
- Growing demand for minimally invasive surgeries
- Technological advancements in anastomosis devices
Market Growth Opportunities
- Growing healthcare markets in emerging economies
- Low and middle income countries
Market Challenges
Requirement of skilled personnel for optimal utilization of products
Industry Trends
- Development of portable sequencing technologies
The anastomosis device market is highly consolidated. The top players in this market Johnson Johnson (US), Medtronic Plc (Ireland), B. Braun Melsungen (Germany), Intuitive Surgical Inc. (US), Boston Scientific Corporation (US), and Artivion, Inc. (US). These players lead the market because of their extensive product portfolios and a wide geographic presence.
The anastomosis device market has been segmented into hospitals, ambulatory surgery centers, and other end users. In 2021, hospitals are estimated to be the largest end users of the anastomosis device market. The large share of this segment can be attributed to the increasing number of intricate surgeries performed in hospitals, the growing prevalence of various diseases, and favorable compensation policies for hospital treatments.
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Report Objectives:
- To define, describe, and forecast the microscopy market based on type, product, application, end user, and region
- To provide detailed information regarding the major factors influencing the growth of the global microscopy market (such as drivers, restraints, challenges, opportunities, and regulatory landscape, among others)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the global microscopy market
- To analyze the opportunities in the global microscopy market for stakeholders and provide details of the competitive landscape for market leader
- To profile key global players and comprehensively analyze their market shares and core competencies
- To provide a five-year forecast for various market segments in terms of revenue with respect to five main regions, namely, North America (includes the US and Canada), Europe (includes Germany, the UK, France, Italy, and Spain), Asia Pacific (includes Japan, China, India, Australia, and South Korea), Latin America (includes Brazil and Mexico), and the Middle East Africa
Recent Developments
- In June 2021, Intuitive Surgical Inc. launched the surgical stapler, SureForm, equipped with SmartFire technology, which is integrated software.
- In March 2021, Johnson Johnson (US) launched the ECHELON+ Stapler, a powered surgical stapler designed to reduce complications in surgery through more uniform tissue compression and better staple formation.
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