Anastomosis Devices Market: Current Analysis and Forecast (2022-2028)
Emphasis on Product Type (Surgical Staplers, Surgical Sutures, Surgical Sealants & Adhesives, Others); Application (Cardiovascular Surgery, Gastrointestinal Surgery, Others); End-Users (Hospitals, Ambulatory Surgical Centers & Clinics); and Region/Country
Global Anastomosis Devices Market is expected to grow at a significant rate of around 9% during the forecast period. An anastomosis is a surgical connection used to join two tubular structures, such as blood arteries or loops of the intestine. Anastomosis is done by surgeons using anastomosis devices while performing surgeries like gastrointestinal and heart surgeries. The global anastomosis devices market is anticipated to witness an uptick owing to the rising prevalence of various cardiovascular diseases coupled with a rapidly growing geriatric population. According to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice that it was in 1980 at 382 million. The number of elderly is expected to double again by 2050 and reach nearly 2.1 billion worldwide. The occurrence of cardiovascular diseases is almost 15% higher in the elderly population as compared to the younger population. As a result, there may be an increase in cardiovascular surgeries which in turn will positively influence the demand for anastomosis devices globally.
Johnson & Johnson, Medtronic plc, B. Braun Melsungen AG, Smith & Nephew, Becton, Dickinson and Company, CONMED Corporation, Baxter International, Inc., Boston Scientific Corporation, Peters Surgical, LivaNova PLC are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product type, surgical staplers category to witness higher CAGR during the forecast period”
Based on product type, the anastomosis devices market is segmented into surgical staplers, surgical sutures, surgical sealants & adhesives, and other types. The surgical staplers segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe as they offer various advantages over surgical sutures and surgical sealants and adhesives. Some of them include ease of use, minimal risk of complications, reduced blood loss or leakage, and reduced operating time.
“Amongst application, the cardiovascular surgery to hold a significant share in the market in 2020”
Based on application, the anastomosis devices market is divided into cardiovascular surgery, gastrointestinal surgery, and others. Cardiovascular surgery grabbed a considerable market share in 2020 and is expected to grow with a lucrative CAGR during the projected timeframe owing to the growing prevalence of cardiovascular diseases and an increase in the number of cardiovascular surgeries globally.
“Amongst end-users, hospitals category to witness higher CAGR during the forecast period”
Based on end-users, the market is fragmented into hospitals, and ambulatory surgical centers & clinics. The hospital segment is expected to grab a significant share of the market in 2020. This can be due to an increased preference of patients to get treatment in hospitals owing to the presence of skilled healthcare professionals, availability of technologically advanced equipment, and a well-established infrastructure.
“North America to hold a significant share in the market”
For a better understanding of the market adoption of the anastomosis devices industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as favorable government initiatives, increased investments in research and development for anastomosis devices coupled with technological advancements and the rapid increase in the large geriatric population are propelling the growth of this market in the region.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
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Table of Contents
Research Methodology for the Anastomosis Devices Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global anastomosis devices market were the three major steps undertaken to create and analyze the adoption of anastomosis devices in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global anastomosis devices market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the anastomosis devices market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the anastomosis devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the anastomosis devices market. Further, we conducted factor analysis using dependent and independent variables such as various product type, application, and end-users of anastomosis devices. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the anastomosis devices market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global anastomosis devices market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the anastomosis devices market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global anastomosis devices market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global anastomosis devices market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, application and end-users in the global anastomosis devices market.
The main objective of the Global Anastomosis Devices Market Study
The current & future market trends of the global anastomosis devices market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the anastomosis devices market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type, application and end-users.
- Define and analysis of the regulatory framework for the anastomosis devices
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the anastomosis devices market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the anastomosis devices market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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