Anastomosis Device Market Size, Share, Growth, Forecast 2032

Anastomosis Device Market: Industry Prospective

The global anastomosis device market size was worth around $4012.35 Million in 2023 and is predicted to grow to around $6,614.81 Million by 2032 with a compound annual growth rate (CAGR) of roughly 5.71% between 2024 and 2032.

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The report analyzes the global anastomosis device market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the anastomosis device industry.

Anastomosis Device Market: Overview

The report covers forecast and analysis for the anastomosis device market on a global and regional level. The study provides historic data from 2018 along with forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the anastomosis device market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the anastomosis device market on a global as well as regional level.

In order to give the users of this report a comprehensive view on the anastomosis device market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness.

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The report provides company market share analysis in order to give a broader overview of the key players in the anastomosis device market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the anastomosis device market on global and regional basis.

Anastomosis Device Market: Report Scope

Anastomosis Device Market: Segmentation Analysis

The study provides a crucial view on the anastomosis device by segmenting the market based on type, application, end user and region. All the segments of anastomosis device market have been analyzed based on present and future trends and the market is estimated from 2023 to 2032.

An anastomosis represents opening or connection between two diverging or branching structures like blood vessels, streams or lead veins. Such connections can occur naturally like foramen ovale in a fetus's heart or patent foramen ovale abnormally like (PFO) in adult's heart. The abnormal anastomoses are usually called fistulas and can be either acquired or congenital. The blockage in the anastomosis can be reestablished with the procedure known as reanastomosis. A surgical anastomosis procedure is used to establish new connection between fluid carrying body structures such as blood vessels, bowel.

Anastomosis devices market is driven by increasing prevalence of target diseases and consequent growth in anastomosis surgeries. Also, technological advancements and growing adoption of minimally invasive surgeries will help boost market growth over the forecast period. However, high cost of anastomosis devices and longer regulatory approval procedures may hamper the growth of this market. Potential benefits of anastomosis devices in terms of efficiency, surgery time and better patient outcome will lead in increasing adoption of these devices over the forecast period.

Based on type, global anastomosis device market is bifurcated into surgical sutures, surgical staplers, surgical sealants and adhesives and automated suturing devices. The surgical staplers segment dominated the market with largest revenue share in 2023 and is expected to grow at a highest CAGR over the forecast period. Ease of use, lesser complications, reduction in operation time and decrease in blood loss/leakage are attributing factors for largest market share of surgical staplers device type segment. Surgical staplers segment is further sub segmented into powered and manual. Surgical sutures are sub categorized into non-absorbable sutures and absorbable sutures. Absorbable sutures are further split into natural and synthetic sutures. Surgical sealants and adhesives segment is split into synthetic and semisynthetic and natural/biological sealants and adhesives.

Cardiovascular & thoracic surgeries, gastrointestinal surgeries and others applications constitute the application segment of global anastomosis device market. Highest growth rate is expected for gastrointestinal surgeries over the forecast period as a result of growing use of anastomosis devices for gastrointestinal surgeries and increasing prevalence of gastrointestinal cancer.

The end user segment is divided into include clinics, ambulatory surgical centers, hospitals and others. Hospitals segment held leading market share of overall market in 2023 owing to increasing number of hospitals, growing patient volume, availability of skilled professionals and ease and availability of advanced infrastructure. Increasing number of ambulatory surgical centers will drive the demand for ambulatory surgical centers over the forecast period.

Anastomosis Device Market: Competitive Analysis

Major players included in the report are

• Medtronic
• Johnson & Johnson
• B. Braun Melsungen AG
• Smith & Nephew
• CryoLife, Inc.
• Intuitive Surgical, Inc.
• CONMED Corporation
• Boston Scientific Corporation
• Péters Surgical
• EndoEvolution LLC
• Baxter International, Inc.
• Becton
• Dickinson and Company
• Meril Life Sciences
• Biosintex among others.

Anastomosis Device Market: Regional Analysis

North America dominated the anastomosis devices market in 2023 with U.S. being the largest country level market for anastomosis devices. Growth in this region is supported by presence of developed healthcare infrastructure, favorable reimbursement policies, high spending on health care, increasing prevalence of cancer and cardiovascular disorders etc. Europe held second leading position of global anastomosis devices market. Germany dominated the European market in 2023. Asia Pacific is projected to grow at a highest CAGR over the forecast period.

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Large patient population, favorable government initiatives, supportive healthcare policies and infrastructure improvements are expected to attribute to this rapid growth in this region. Latin America will exhibit moderate growth whereas Middle East and Africa will experience slower growth over the forecast period.

The report segment of global anastomosis device market as follows:

Global Anastomosis Device Market: By Type

• Surgical Staplers
  • Manual
  • Powered
• Surgical Sutures
  • Absorbable Sutures
    • Synthetic Sutures
    • Natural Sutures
  • Non-absorbable Sutures
• Automated Suturing Devices
• Surgical Sealants and Adhesives
  • Natural/Biological
  • Synthetic & Semisynthetic

Global Anastomosis Device Market: By Application

• Gastrointestinal Surgeries
• Cardiovascular & Thoracic Surgeries
• Others Applications

Global Anastomosis Device Market: By End User

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Other end users

Global Anastomosis Device Market: By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa