Anastomosis Devices Market
Anastomosis Devices Market Size, Share & Trends Analysis Report by Product (Disposable, and Reusable), by Application (Cardiovascular Surgery, Gastrointestinal Surgery, and Others), by End-User (Hospitals, Ambulatory Care Centers, and Clinics) Forecast Period (2024-2031)
Anastomosis devices market is anticipated to grow at a CAGR of 5.2% during the forecast period (2024-2031). The demand for anastomosis devices is driven by the increasing prevalence of chronic diseases and technological advancements. Additionally, the increasing healthcare expenditure in developing countries and improved medical infrastructure contribute to market growth.
Market Dynamics
Rising Incidence of Chronic Diseases
The increasing occurrence of chronic diseases necessitates the use of anastomosis devices during surgical procedures, such as coronary artery bypass grafting (CABG) for heart disease. According to the National Center for Chronic Disease Prevention and Health Promotion, in February 2024, a significant number of individuals in the US, approximately 129 million, are affected by major chronic diseases, such as heart disease, cancer, diabetes, obesity, and hypertension. Moreover, preventable and treatable chronic diseases are among the leading causes of mortalities in the country, contributing to an estimated five out of the top ten causes. This trend of increasing prevalence has persisted over the past two decades and is projected to continue, with a growing proportion of Americans experiencing multiple chronic conditions. In addition to the personal influence, the management and treatment of chronic diseases and mental health conditions account for around 90.0% of the annual $4.1 trillion expenditure on healthcare in the US.
Increased Surgical Procedures
Increased surgical procedures have created a demand for surgical hubs. According to the Department of Health and Social Care, in August 2022, the addition of over 50 new surgical hubs resulted in a significant increase in demand for anastomosis devices. The government has allocated £1.5 billion in funding to support this initiative, with projections indicating that nearly 2 million additional routine operations will be performed over the next three years.
Market Segmentation
- Based on product, the market is segmented into reusable, and disposable.
- Based on end-users, the market is segmented into hospitals, ambulatory care centers, and clinics.
- Based on application, the market is segmented into cardiovascular surgery, gastrointestinal surgery, and others (vascular procedures).
Cardiovascular Surgery is Projected to Emerge as the Largest Segment
The primary factor supporting the segment's growth includes the demand for treatments such as CABG and vascular reconstructions, that demand for the use of anastomosis devices. According to the World Heart Federation, in 2023, cardiovascular diseases have a significant influence globally, with over half a billion individuals affected and 20.5 million mortalities recorded in 2021. This accounts for approximately one-third of all global mortalities. While advances in cardiovascular medicine have shown potential in preventing up to 80.0% of premature heart attacks and strokes, it is crucial to address the existing health inequity, as progress in cardiovascular health remains concentrated in high-income countries.
Regional Outlook
The global anastomosis devices market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Anastomosis Devices Market Growth by Region 2024-2031
North America Holds Major Market Share
The rising rate of cancer renders anastomosis devices essential for procedures such as tumor excision and organ removal to reconnect blood arteries or organs driving the demand for regional markets. According to the National Cancer Institute, in May 2024, the US is expected to see 2 million new cancer cases and 611,720 mortalities. Common cancers include breast, prostate, lung, colon, rectum, skin, bladder, kidney, renal pelvis, non-Hodgkin lymphoma, endometrial, pancreatic, leukemia, thyroid, and liver cancer. The cancer incidence is 440.5 per 100,000 men and women per year, with a higher mortality rate among men. Non-Hispanic Black men have the highest cancer mortality rate. As of January 2022, there were 18.1 million cancer survivors, with a projected increase to 22.5 million by 2032.
Market Players Outlook
The major companies serving the global anastomosis devices market include B. Braun Melsungen, Intuitive Surgical Inc., Baxter International Inc. (Synovis Micro Companies Alliance, Inc.), Medtronic Plc, and Johnson & Johnson (Ethicon US, LLC) among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in June 2022, Ethicon, part of Johnson & Johnson MedTech, launched the ECHELON 3000 Stapler in the US, a digitally enabled device that offers surgeons one-handed powered articulation, improved access, control, and real-time feedback for critical adjustments.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global anastomosis devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. B. Braun Melsungen
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Intuitive Surgical Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Medtronic Plc
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Anastomosis Devices Market by Product
4.1.1. Reusable
4.1.2. Disposable
4.2. Global Anastomosis Devices Market by End-User
4.2.1. Hospitals
4.2.2. Ambulatory Care Centers and Clinics
4.3. Global Anastomosis Devices Market by Application
4.3.1. Cardiovascular Surgery
4.3.2. Gastrointestinal Surgery
4.3.3. Others (Vascular Procedures)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. Artivion Inc.
6.2. Baxter International Inc. (Synovis Micro Companies Alliance, Inc.)
6.3. Becton, Dickinson and Company
6.4. Boston Scientific Corp.
6.5. Carponovum AB
6.6. ETHICON, Inc. (Johnson & Johnson Services, Inc.)
6.7. Getinge AB
6.8. LivaNova Plc
6.9. Medline Industries, LP
6.10. Meril Lifesciences Pvt. Ltd.
6.11. Mizuho Medical Co., Ltd (MIZUHO Corporation)
6.12. Peters Surgical Solutions Ltd.
6.13. Seger Surgical Solutions Ltd.
6.14. Vascular Graft Solutions Ltd.
1. GLOBAL ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
2. GLOBAL REUSABLE ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL DISPOSABLE ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
5. GLOBAL ANASTOMOSIS DEVICES FOR HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL ANASTOMOSIS DEVICES FOR AMBULATORY CARE CENTERS AND CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
8. GLOBAL ANASTOMOSIS DEVICES FOR CARDIOVASCULAR SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL ANASTOMOSIS DEVICES FOR GASTROINTESTINAL SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL ANASTOMOSIS DEVICES FOR OTHER SURGERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. NORTH AMERICAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
13. NORTH AMERICAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
14. NORTH AMERICAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
15. NORTH AMERICAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
16. NORTH AMERICAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
17. EUROPEAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
18. EUROPEAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
19. EUROPEAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
20. EUROPEAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
21. EUROPEAN ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
22. ASIA-PACIFIC ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
23. ASIA-PACIFIC ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
27. REST OF THE WORLD ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
28. REST OF THE WORLD ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
29. REST OF THE WORLD ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
30. REST OF THE WORLD ANASTOMOSIS DEVICES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL ANASTOMOSIS DEVICES MARKET SHARE BY PRODUCT, 2023 VS 2031 (%)
2. GLOBAL DISPOSABLE ANASTOMOSIS DEVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL REUSABLE ANASTOMOSIS DEVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL ANASTOMOSIS DEVICES MARKET SHARE BY END-USER, 2023 VS 2031 (%)
5. GLOBAL ANASTOMOSIS DEVICES MARKET FOR HOSPITAL MARKET SHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL ANASTOMOSIS DEVICES MARKET FOR AMBULATORY CARE CENTERS AND CLINICS MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL ANASTOMOSIS DEVICES MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
8. GLOBAL ANASTOMOSIS DEVICES FOR CARDIOVASCULAR SURGERY MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL ANASTOMOSIS DEVICES FOR GASTROINTESTINAL SURGERY MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL ANASTOMOSIS DEVICES FOR OTHER SURGERY MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL ANASTOMOSIS DEVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. US ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
13. CANADA ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
14. UK ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
15. FRANCE ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
16. GERMANY ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
17. ITALY ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
18. SPAIN ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
19. REST OF EUROPE ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
20. INDIA ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
21. CHINA ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
22. JAPAN ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
23. SOUTH KOREA ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
24. REST OF ASIA-PACIFIC ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
25. LATIN AMERICA ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
26. MIDDLE EAST AND AFRICA ANASTOMOSIS DEVICES MARKET SIZE, 2023-2031 ($ MILLION)
