Anastomosis Devices Market Size is projected to showcase substantial progress between 2022 and 2028. The rising number of people being diagnosed with cardiovascular and gastrointestinal disorders across several regions will impel the acceptance of anastomosis devices. The devices are widely used in coronary artery bypass surgeries and will help improve the functioning of the left ventricular system and enhance a patient’s survival rate.
Patients are increasingly demanding highly non-invasive surgical procedures that use advanced technologies and devices to alleviate their medical condition and fasten the recovery time. As a result, constant enhancements are being made in trans-catheters and drug-eluting stents, which will improve the adoption rate of anastomosis devices.
Technological developments undertaken by medical device firms will help enhance anastomosis devices in terms of their functioning and durability. For example, in November 2020, the U.S. Food and Drug Administration (FDA) granted the Breakthrough Device Designation to a self-forming magnetic compression anastomosis device created by the US-based GI Windows Medical Corp. The device will be used to perform a minimally invasive end-to-end anastomosis of the small bowel for tissue resection or ileostomy reversal, thereby augmenting its use among patients diagnosed with gastrointestinal ailments.
Reusable anastomosis devices will capture a sizeable share as professionals in the healthcare sector are constantly looking for ways to conduct cost-effective yet eco-friendly surgeries. Disposable devices greatly increase medical wastage and the risk of contracting fatal infections. It also becomes expensive for hospitals to regularly buy new medical equipment. Since the number of cardiovascular surgeries are increasing every year, the demand for reusable anastomosis devices is likely to be higher than that of disposable ones.
Anastomosis devices may find high application in treating cardiovascular conditions as surgeons are using highly non-invasive techniques to carry out surgical procedures. The use of anastomosis devices can help medical professionals in performing surgeries with high precision. The procedure is capable of creating a durable and safe anastomosis even in the most intricate areas of the heart, which will propel the use of anastomosis devices.
North America anastomosis devices market will expand at a robust rate as there are drastic changes taking place in the lifestyle of the population, such as unhealthy food habits and sedentary routine. It has resulted in the growing cases of gastrointestinal and cardiovascular diseases. In 2020, 690,882 people in the U.S. died due to heart disease, while 159,150 people died from stroke. The staggering figures will likely accelerate the use of anastomosis devices while carrying out cardiovascular procedures in the country.
Well-known organizations dealing in the production of anastomosis devices across the globe include, Vitalitec, B. Braun Melsungen, Medical Devices Business Services (Ethicon), Novare Surgical Systems, Inc., Synovis Micro Companies Alliance, Getinge, Aesdex, Medtronic, and LivaNova, among several others. The companies are entering into merger and acquisition agreements with other firms to fuel business expansion and enhance their global presence in the market.
For example, Ireland-based Medtronic PLC, in September 2020, announced its plans to acquire Avenu Medical, a private medical device company in California. The aim of the acquisition is to focus on developing minimally invasive arteriovenous fistulae for patients that are suffering from end-stage renal disease and undergoing dialysis.
The COVID-19 pandemic had an adverse impact on market forecast as there was a severe shortage of medical devices needed to perform complex surgeries. The gap between the demand and supply of critical equipment like anastomosis devices was increasing, which hindered the progress of the healthcare sector. However, as the current situation is gradually improving, the demand for anastomosis devices is predicted to showcase considerable growth as the virus was also responsible for increasing the number of cardiovascular cases across the world.
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