Anastomosis Devices Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3847
Anastomosis devices market size is expected to grow significantly from 2019 to 2025.
Increasing prevalence of gastrointestinal and cardiovascular disorders will further propel demand for anastomosis devices, thereby fueling business growth. According to CDC, in 2017 15.3 million people suffered from digestive disorders in the U.S. alone. Moreover, rising incidences of myocardial infarction will prove beneficial for market growth. Anastomosis devices play pivotal role in surgical procedures. They enable surgeons to dispense the need for aortic clamping together that leads in access to narrower veins. As a result, increasing prevalence of chronic diseases will surge demand for anastomosis devices that will augment industry growth.
Technologically advanced anastomosis devices will eliminate major risks occurred during surgical procedures. Benefits provided by devices are it required less operating time that provides convenience to surgeons, less exposure to anesthesia and minimum probability of blood leaks. Industry players are highly focusing on R&D activities to provide innovative solutions. For instance, MAQUET Cardiovascular company has developed Heartstring Proximal Seal System that facilitates hand sewn amongst aorta and coronary bypass channel. However, high cost of anastomosis devices may hamper market growth up to certain extent.
Disposable anastomosis devices segment is anticipated to witness substantial growth over the forecast time period. Devices those are repeatedly used may have risk of contaminations, that may result in hazardous repercussions and may pose threat to patient’s life. Disposable devices offer maximum sterility by eliminating risk of contamination. Thus, prevention of contamination enhances patient outcomes. As a result, benefits offered by disposable anastomosis devices will rise its demand that will exceed its revenue.
Cardiovascular segment had lucrative revenue share in 2018 and it is anticipated to expand enormously in forth coming future. Substantial revenue is attributed to increasing prevalence of cardiovascular diseases globally. According to WHO, in 2016, 17.9 million died globally due to cardiovascular diseases. Anastomosis devices has pivotal role in surgical procedures that enables to access deep areas. Thus, convenience offered by cardiovascular diseases coupled with increasing prevalence will augment segment revenue.
North America anastomosis devices market is anticipated to witness significant growth in near future. Lucrative growth can be attributed to high adoption rate and huge disposable income amongst population. Moreover, strong foot hold of companies is offering innovative solutions that results in increased preference by surgeons towards anastomosis devices. Additionally, favorable reimbursement will augment demand for these devices, thereby, fueling regional market growth.
Some of the major industry players operating in the anastomosis devices market includes Medtronic, B. Braun Melsungen, AesDex, Medical Devices Business Services (Ethicon), Vitalitec, Novare Surgical Systems, Getinge, LivaNova, and SYNOVIS MICRO COMPANIES ALLIANCE. These key industry players implement strategies such as acquisitions, mergers, joint collaborations, etc. For instance, in April 2017, Ethicon announced that its product ECHELON CIRCULAR POWERED STAPLER received FDA clearance. FDA cleared product helps company to gain competitive advantage that will exceed company’s revenue.
Anastomosis Devices Market By Product Type, 2014-2025 (USD Million)
Anastomosis Devices Market By Application, 2014-2025 (USD Million)
- Cardiovascular Surgery
- Gastrointestinal Surgery
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- B. Braun Melsungen
- Medical Devices Business Services
- Novare Surgical Systems
- SYNOVIS MICRO COMPANIES ALLIANCE
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