June 24, 2024
Anastomosis Devices Market

The Global Anastomosis Devices Market Is Driven By Increasing Number Of Surgeries

Anastomosis devices are medical devices used to create an anastomosis, which is a connection formed between two hollow or tubular structures, such as blood vessels or intestines. These devices are widely used during cardiovascular, gastrointestinal and other surgeries. Anastomosis staplers are commonly used for surgical procedures like intestinal resection, colorectal resection, lung resection and coronary artery bypass grafting. They allow faster and more reliable suturing compared to conventional hand suturing, reducing operating time.

The global Anastomosis Devices Market is estimated to be valued at US$ 25.81 Mn in 2024 and is expected to exhibit a CAGR of 6.2%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends

Minimally invasive surgeries are gaining popularity which is boosting the adoption of advanced anastomosis devices. Minimally invasive surgeries cause less post-operative pain and trauma to patients, result in shorter hospital stays and quicker recovery times. Advanced anastomosis devices like laparoscopic anastomosis devices and robotic surgical staplers allow surgeons to perform minimally invasive intestinal and vascular surgeries with better precision and accuracy compared to open surgeries. Thus, increasing focus on minimally invasive techniques is a major trend fueling demand for advanced anastomosis products.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate as the anastomosis devices market requires high R&D investments and established distribution channels. Bargaining power of buyers: The bargaining power of buyers is high due to availability of alternative treatment options. Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw materials used in manufacturing anastomosis devices are commodity products. Threat of new substitutes: The threat of new substitutes is low as anastomosis devices have established themselves as an effective option for surgical techniques. Competitive rivalry: The competitive rivalry is high amongst the key players to gain higher market share.

Key Takeaways

The global Anastomosis Devices Market Demand is expected to witness high growth.

Regional analysis: North America is expected to dominate the global anastomosis devices market during the forecast period. The presence of major players and advanced healthcare facilities are contributing to market growth in the region. Asia Pacific market is poised to exhibit fastest growth rate owing to rising awareness, developing healthcare infrastructure, and growing medical tourism.

Key players: Key players operating in the Anastomosis Devices market are AGSCO Corporation, Carborundum Universal Ltd., Entegris Inc. ESD-SIC b.v., ESK-SIC GmbH, Gaddis Engineered Materials, Grindwell Norton Ltd., Norstel AB, Saint-Gobain Ceramics Materials GmbH, and Snam Abrasives Pvt. Ltd. AGSCO Corporation offers wide range of anastomosis devices to perform vascular joining. Entegris Inc focuses on developing innovative anastomosis staplers and surgical sealants.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it