Anastomosis Devices Market Opportunities 2024-2033 - Size, Growth Analysis, Outlook, Overview

The anastomosis devices market size has grown strongly in recent years. It will grow from $3.49 billion in 2023 to $3.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing surgical procedures, growing aging population, prevalence of chronic diseases, improvements in healthcare infrastructure, awareness and education.

The anastomosis devices market size is expected to see strong growth in the next few years. It will grow to $4.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising global healthcare expenditure, expansion of minimally invasive surgeries, advancements in anastomosis device designs, focus on patient outcomes, global increase in chronic diseases. Major trends in the forecast period include focus on patient outcomes and quality of life, development of anastomosis sealants, prevalence of colorectal diseases, global aging population, collaborations and partnerships.

Market Overview -
Anastomosis devices are disposable or reusable instruments that establish an inverted or everted tissue closure secured by two or more rows of B-shaped stainless steel, titanium, or occasionally absorbable staples. It used to remove tissues that are diseased in the body without the leakage of body fluids.

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Surge In Surgical Procedures Drives Anastomosis Device Market Growth
The growth in surgical procedures is expected to propel the anastomosis device market going forward. Surgical procedures refer to any medical practice in which an incision is made on a person's body. Anastomosis devices are used mainly for surgical procedures to connect two body portions, such as the blood vessels or intestines. For instance, in April 2022, according to the American Society for Aesthetic Plastic Surgery, a US-based organization for plastic surgery and cosmetic medicine, among the data collected from 294 participating plastic surgery practices, Surgical operations climbed 54%, and non-surgical procedures increased by 44%. Further, according to the American Society of Plastic Surgeons, a US-based plastic surgery specialty organization, 6.8 million reconstructive procedures were performed, a 3% increase from 2019. Therefore, the growth in surgical procedures will drive the anastomosis device market.

Competitive Landscape -
Major companies operating in the anastomosis devices market report are Medtronic plc, Synvisc Micro Companies Alliance Inc., B. Braun Melsungen AG, Novare Surgical Systems Inc., Dextera Surgical Inc., Intuitive Surgical Inc., Boston Scientific Corp., Artivion Inc., Johnson & Johnson Services Inc., Röchling Group, Bluesail Surgical, Vascular Graft Solutions Ltd., Baxter International Inc., LivaNova plc, Getinge AB, Meril Life Sciences Pvt. Ltd., Becton, Dickinson and Company, Terumo Corporation, Teleflex Incorporated, Scanlan International Inc., Microline Surgical Inc., Grena Ltd., CryoLife Inc., Cardica Inc., Stryker Corporation, LifeNet Health Inc., Jotec GmbH, JenaValve Technology Inc., Innovia Medical, Genesee BioMedical Inc., EndoEvolution LLC, Edwards Lifesciences Corporation, ConMed Corporation, Cardialen Inc.

Major Companies Redefine Anastomosis Devices With Technological Advancements

The introduction of technologically advanced products is a key trend in the anastomosis device market. Major companies in the anastomosis devices market are focused on innovating and launching advanced products and technologies to sustain their position in the market. For instance, in June 2021, Intuitive Surgical Inc., a US-based robotic surgical products manufacturer, launched a new robot-assisted surgical stapler called SureForm. SureForm uses SmartFire technology, integrated software that can help with consistent staple lines and prevent patient tissue damage. SmartFire automatically adjusts the firing process when staplers are generated, and transections are performed to help optimize a uniform staple line and reduce tissue injury over various tissue thicknesses.

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Key Segments -

The anastomosis devices market covered in this report is segmented -

1) By Type: Surgical Staplers, Surgical Stutures, Surgical Sealants and Adhesives, Automated Suturing
2) By Usage: Disposable, Reusable
3) By Application: Cardiovascular And Thoracic Surgery, Gastrointestinal Surgery, Orthopedic Surgery, Gynecological Surgery, Other Applications
4) By End-User: Hospitals, Ambulatory Surgery Centers, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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