Anastomosis devices are used to join two tubular structures together in medicinal procedures. These devices are used in gastrointestinal bypass surgery to join the sections of the digestive tract after removal of cancerous or unhealthy sections. With the rising preference of minimally invasive surgical methods over conventional open surgeries due to benefits like lesser scarring, reduced hospital stay and recovery time, the demand for anastomosis devices is accelerating.
The global Anastomosis Devices Market is estimated to be valued at US$ 25.81 Mn in 2023 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:
The usage of minimally invasive surgical procedures like laparoscopic and robotic surgery methods involve smaller incisions compared to open surgeries. This has increased the adoption of anastomosis devices as they help in effectively joining the sections of tubular structures through narrow access points created by minimally invasive methods. Advanced technologies are allowing for development of next generation anastomosis devices compatible for use in minimally invasive gastrointestinal bypass procedures. This growing focus on developing anastomosis devices optimized for minimally invasive surgery will further drive the market growth over the forecast period.
Segment Analysis
The global anastomosis devices market is dominated by circular staplers sub segment, which holds around 65-70% market share. Circular staplers are popularly used for gastrointestinal surgeries involving bowel resection and bowels reconnection. They are preferred over hand-sewn anastomosis as they are faster and yields better quality of anastomosis than hand-sewn techniques.
Key Takeaways
The global Anastomosis Devices Market Demand is expected to witness high growth over the forecast period of 2024 to 2031. The market is estimated to reach a value of US$ 53.83 Mn by 2031, expanding at a CAGR of 6.2% CAGR.
Regional analysis: North America region currently dominates the global anastomosis devices market with over 45% market share. Higher number gastrointestinal surgeries performed annually in the US contributes to large market size of North America. Asia Pacific is expected to be the fastest growing market during the forecast period. Growing medical tourism coupled with rising healthcare expenditure in major countries like India and China provides impetus to the regional market growth.
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.
Explore more related article on this topic: https://www.newsanalyticspro.com/anastomosis-devices-market-is-driven-by-increasing-number-of-surgeries/
Explore more related articles: https://blogger-veritas.blogspot.com/2024/01/the-global-medical-probiotics-market.html
Comments
0 comment