by Anastomosis is a surgical procedure in which two hollow structures are connected surgically. Anastomosis devices are used to join blood vessels, intestinal tract, etc. after surgery. There are various types of anastomosis devices such as surgical staplers, surgical sutures, and surgical sealants & adhesives. Surgical staplers are easy to use and requires less time to join tissues together compared to sutures. They are commonly used for intestinal, colorectal, and gastric surgical procedures. Surgical sutures are thread-like materials that are used to stitch internal tissues and external skin. Surgical sealants & adhesives are used to reinforce sutures & staple lines and help control bleeding during surgeries.
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, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Rapid technological advancements are being made in surgical procedures which have significantly increased the demand for technologically advanced anastomosis devices. For instance, development of robotic surgery platform has increased minimally invasive surgical procedures globally which require use of devices like surgical staplers. Growing prevalence of diseases requiring surgical interventions like colorectal cancer, cardiovascular diseases, etc. is another key factor fueling the growth of anastomosis devices market. It is estimated that over 1.8 million new cases of colorectal cancer are diagnosed globally each year which often require surgical procedures using anastomosis devices.
Segment Analysis
The global Anastomosis Devices Market Demand is segmented based on product type, application, end-user and region. Among product type, reusable anastomosis devices is the dominating segment accounting for around 65% of the market share owing to its cost-effectiveness and reusability. However, disposable anastomosis devices segment is expected to witness highest growth during the forecast period owing to growing risk of infections associated with reusable devices.
PEST Analysis
Political: Government initiatives focusing on increasing awareness regarding organ donation and organ transplantation procedures are boosting the adoption of anastomosis devices in the healthcare sector.
Economic: Rising healthcare expenditure and growing personal disposable income levels across developing regions are fueling the demand for advanced anastomosis devices from end-users.
Social: Increasing prevalence of chronic diseases and growing organ failures requiring organ transplantation are propelling the need for anastomosis devices globally.
Technological: Continuous innovations and new product launches catering to minimally invasive surgeries are supporting the anastomosis devices market growth. Players are developing single use disposable devices with advanced materials for safety.
Key Takeaways
The global anastomosis devices market is expected to witness high growth at a CAGR of 6.2% during the forecast period of 2024 to 2031.
North America dominates the market currently owing to large patient population undergoing organ transplantation and presence of major players in the region. Asia Pacific regional market is witnessing fastest growth rate owing to rising healthcare expenditure, growing medical tourism industry and increasing investment by key players.
Key players operating in the anastomosis devices market 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. Key players are focusing on new product launches and adopting partnership strategies for geographical expansion and growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
