The Anastomosis Devices Market is Estimated To Witness High Growth Owing To Trends in Minimally Invasive Surgeries
 |
| Anastomosis Devices Market |
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 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Anastomosis devices are used to
connect or join two hollow or tubular structures of the body, especially in
vascular surgeries and gastrointestinal (GI) surgeries. They are available in
various designs to join blood vessels, intestines, and other hollow organs
efficiently with minimal complications.
Market key trends:
One of the key trends in the
anastomosis devices market is the increasing adoption of minimally invasive
surgeries. Minimally invasive surgical procedures such as laparoscopic
surgeries are gaining popularity as they are associated with less
post-operative pain, shorter hospital stay, and faster recovery times compared
to open surgeries. As anastomosis devices play an important role in minimally
invasive surgeries for making connections between tissues and organs, the
increasing preference for minimally invasive surgeries is expected to drive the
demand for anastomosis devices over the forecast period.
Segment Analysis
The global anastomosis devices
market is segmented into products, application, and end-user. Based on
products, the market is segmented into surgical staplers, surgical sutures, and
surgical sealants. The surgical staplers segment dominated the market in 2023
and is expected to continue its dominance over the forecast period due to its
advantages over sutures such as precise placement, less tissue reaction, and
faster closing.
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 number of
surgical procedures.
Regional analysis
North America dominated the
global market in 2023 and is expected to continue dominating over the forecast
period. This is attributed to factors such rising healthcare expenditure and
increasing technological advancements in medical devices. Asia Pacific is
expected to witness the highest growth rate during the forecast period owing to
rapidly growing healthcare infrastructure and increasing medical tourism in
countries such as India and China.
Key players
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. Medtronic dominated the
global market in 2023 owing to its robust product portfolio and strong
geographic presence across the globe.
Read more
Comments
Post a Comment