Anastomosis Devices Market Share, Size, Trends, Industry Analysis Report, By End-Use (Hospitals, Ambulatory Surgical Centers & Clinics); By Application; By Type; By Region; Segment Forecast, 2023 - 2032

The size of the global anastomosis devices market was estimated at USD 3.58 billion in 2021 and is anticipated to increase at a CAGR of 5.6% from 2023 to 2032. The main factors driving market development are an increase in surgical procedures and the prevalence of cardiovascular and gastrointestinal diseases. The COVID-19 outbreak has had a significant effect on surgical practise. The epidemic has made practising general surgery more difficult. It has affected working methods, surgical procedures (open vs. minimally invasive), patient and staff safety, theatre productivity, training, and education. All specialties have had to prioritise the significance of their routine surgical procedures and, when practical, consider non-surgical management alternatives. Many elective or semi-elective procedures including gastrointestinal malignancies have been suspended. However, the market will witness the demand after the commencement of these surgeries at full force.

Additionally, the demand for better patient outcomes will propel the adoption of cutting-edge advancements in anastomosis devices and support market expansion. For instance, EEA Circular Stapler with Tri-Staple Technology was launched in December 2020 by India Medtronic Private Limited, a fully owned subsidiary of Medtronic. This is the first 3-row circular stapler that is recommended for use during colorectal operations.

The market for anastomosis devices is expanding due to the introduction of technologically advanced products and favourable reimbursement situations in cardiac procedures such as Coronary Bypass Graft Surgery (CABG), open-heart valve replacement, and angioplasty in developed countries. For instance, Medicare Part B includes comprehensive Cardiac Rehabilitation (CR) programmes, coronary artery bypass graft surgery, coronary angioplasty, valve repair & replacement, and other medical procedures.

Product Type Insights
Due to the availability of a variety of disposable anastomotic products and higher market penetration, the disposable segment had the highest revenue share of over 88.0% in 2021. The majority of significant players are engaged in the manufacture of disposable goods.

These goods lessen the possibility of surgical site infections (SSI), cross-contamination, and other infections linked to healthcare (HAI). Disposable anastomotic devices also have the benefit of not needing to be reprocessed in between uses, which lowers reprocessing costs and expedites the complete procedure. The aforementioned advantages will cause this sector to grow at a healthy pace.

A new market niche for anastomosis devices is the reusable anastomotic device. Over the projection period, it is anticipated to experience a lucrative CAGR. Some of the major reasons expected to propel the segment's growth in the upcoming years include the creation of technologically advanced products and the growing need to reduce biomedical waste.

The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Anastomosis Devices market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Anastomosis Devices manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Anastomosis Devices market covering all its essential aspects.

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Global Anastomosis Devices Market: Segmentations

Global Anastomosis Devices Market: By Key Players
Medtronic
LivaNova PLC.
MAQUET Holding B.V. & KG.
Dextera Surgical
Vitalitec Internaional
Synovis Micro Companies Alliance
Ethicon US, LLC.

Global Anastomosis Devices Market: By Types
Disposable
Reusable

Global Anastomosis Devices Market: By Applications
Cardiovascular Surgery
Gastrointestinal Surgery

Global Anastomosis Devices Market: Regional Analysis
The countries covered in the regional analysis of the Global Anastomosis Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Takeaways:
• By product, the North America anastomosis devices market was valued at USD 1.8 billion in 2021
• By product, the disposable segment held the largest revenue share of over 89% in 2021
• Reusable product segment is expected to grow at a CAGR of 6.5% from 2022 to 2030
• Cardiovascular surgery application segment was the most prominent application segment with over 52% revenue share in 2021
• By end user, the hospital segment dominated the market with over 56% revenue share in 2021
• The ambulatory care centers & clinics segment is projected to grow at a CAGR of 5.8% over the forecast period
• North America accounted for the largest revenue share of over 41% in 2021
• Asia Pacific is projected to reach at a CAGR of 6.7% from 2022 to 2030

Growth Factors
The market for anastomosis devices is frequently driven by an increase in the number of cardiovascular tasks done as well as a rise in the frequency of chronic illnesses like heart disease and digestive problems. One of the major causes of death worldwide is cardiovascular disease. The World Health Organization estimates that 17.9 million individuals died in 2019 from cardiovascular diseases, accounting for approximately 32% of all fatalities overall. Additionally, 85% of these deaths were caused by heart attacks and strokes. Later on, this will increase interest in junction devices. In order to improve healing outcomes, more creative work practises on anastomosis device progression are being organised.

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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

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