Anastomosis Devices Market is Anticipated to Witness High Growth Owing to Rising Number of Cardiovascular Surgeries


Posted June 5, 2024 by leenacmi

Anastomosis Devices provide a safe connection between two hollow structures such as vessels or intestines during surgery. The devices are used in cardiovascular surgeries for connecting veins, arteries, and other tubular organs.
 
Anastomosis Devices provide a safe connection between two hollow structures such as vessels or intestines during surgery. The devices are used in cardiovascular surgeries for connecting veins, arteries, and other tubular organs. The growing prevalence of cardiovascular diseases and rising number of cardiovascular surgeries are driving the demand for anastomosis devices. The cardiovascular devices application segment is the largest consumer of these devices.

The Global Anastomosis Devices Market is estimated to be valued at US$ 25.81 Mn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 To 2031. Anastomosis Devices offers benefits such as enabling quick and secure connections between tissues and vessels during surgery. They help reduce trauma for patients by simplifying connecting of vessels and lowering the risks associated with open suturing. The devices expedite surgical procedures and enable better reproducibility of surgical techniques.

Key Takeaways

Key players operating in the Anastomosis Devices Market Demand are AGSCO Corporation, Carborundum Universal Ltd., Entegris Inc. ESD-SIC b.v., ESK-SIC GmbH, Gaddis Engineered Materials, Grindwell Norton Ltd., Norstel AB, Saint-Gobain Ceramics Materials GmbH, and Snam Abrasives Pvt. Ltd. These companies are expanding their product portfolios and geographical presence through new product launches and acquisitions.

The growing demand for minimally invasive surgeries is creating significant opportunities in the market. Anastomosis Devices allow quicker recovery times for patients undergoing minimally invasive procedures compared to open surgeries. Manufacturers are developing advanced devices compatible with laparoscopic and robot-assisted surgical systems.

The increasing adoption of anastomosis procedures globally is anticipated to drive the market during the forecast period. Key players are focusing on expanding their presence in emerging markets of Asia Pacific, Latin America, and Middle East & Africa. Regions in Asia Pacific such as China, India, and Southeast Asian countries are expected to witness highest growth owing to rising medical tourism, increasing healthcare spending and rapidly growing medical device industry.

Market Drivers
Rising number of cardiovascular surgeries owing to increasing prevalence of cardiovascular diseases around the world is a key driver for the anastomosis devices market. Cardiovascular diseases are among the leading causes of death globally. According to world health organization, cardiovascular diseases accounted for over 17 million deaths in 2015. Rising healthcare expenditure and access to healthcare services in developing nations has increased the number of surgical procedures performed for treating cardiovascular ailments, thereby driving the adoption of anastomosis devices.

Market Restrain
High costs associated with anastomosis surgeries and devices is a major challenge for market growth. The procedures require use of expensive anastomosis devices which adds to the overall surgical costs. This hinders the ability of hospitals and healthcare facilities in price sensitive markets to widely adopt advanced anastomosis devices and procedures. Additionally, lack of adequate reimbursement policies for anastomosis surgeries in certain countries further increases the economic burden on patients. This acts as a key restrain for the global anastomosis devices market.
Segment Analysis
This market can be segmented into Reusable and Disposable. Within Reusable, staplers are dominating as they offer precision and speed during surgery with minimal blood loss. Most hospitals prefer reusable staplers as they are cost effective for multiple use.

Within Disposable, surgical sealants & adhesives are having highest growth as they reduce leakages during anastomosis and ensure joining of tissues/organs with greater strength. They improve clinical outcomes especially in pediatric surgeries.

Global Analysis
Regionally, North America holds the largest share due to developed healthcare infrastructure and higher surgical procedures. Growing geriatric population and chronic diseases are propelling demand. Asia Pacific is the fastest growing region on back of increasing healthcare spending, medical tourism and focus on quality healthcare. China and India are emerging as lucrative markets. In terms of revenue, hospitals and specialty clinics collectively account for the major share as most anastomosis surgeries are performed here.
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Last Updated June 5, 2024