The global Anastomosis Devices Market is estimated to be valued at US$ 22.4 Mn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Anastomosis devices are medical equipment used to join tissues and organs in minimally invasive surgeries. They enable faster recovery and less post-operative complications compared to conventional open surgeries.
Market key trends:
Technological advancements in minimally invasive surgeries have been a major trend over the past decade. Advanced anastomosis devices have been developed with better materials and designs that provide faster and more reliable tissue bonding. Micro-attachments and robot-assisted operations have further improved precision and outcomes. Growing adoption of minimally invasive techniques across various therapeutic areas will drive the demand for innovative anastomosis solutions in the forecast period.
SWOT Analysis
Strength: Anastomosis devices help reduce time needed for surgery and enable faster recovery for patients. They offer precision and consistency during complex anastomoses procedures.
Weakness: High costs associated with anastomosis devices making it inaccessible for all patients. Skill and experience is required to perform anastomoses using these devices.
Opportunity: Growing geriatric population suffering from chronic diseases drive the demand for anastomosis procedures. Increasing adoption of minimally invasive surgeries provide an opportunity for anastomosis devices.
Threats: Availability of alternative treatment options and technologies can hamper the demand for anastomosis devices. Stringent regulatory guidelines for new product approvals.
Key Takeaways
The Global Anastomosis Devices Market Share is expected to witness high growth, exhibiting CAGR of 5.4% over the forecast period, due to increasing prevalence of target diseases such as cancers and cardiovascular diseases requiring anastomoses procedures.
Regional analysis
North America dominates the anastomosis devices market owing to growing number of surgical procedures in the region. Asia Pacific exhibits the fastest growth due to rising healthcare spending, growing medical tourism industry and increasing focus of international players on emerging economies in the region.
Key players operating in the Anastomosis Devices Market are Medtronic, Liva Nova PLC, Dextera Surgical Inc., Ethicon US, LLC., Synovis Micro Alliance, Inc., Vitalitec International Inc., and MAQUET Holding B. V. & Co. KG., among others. The major players are focusing on new product launches and expansion of manufacturing facilities to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
