Anastomosis Devices Market Is Witnessing Significant Growth Due To Increasing Number Of Surgeries Such As CABG, Bowel Resection & Others Till 2025
The
global anastomosis devices market size is projected to
reach USD 24.84 million by 2025, according to a new report by Grand View
Research, Inc., progressing at a CAGR of 5.2% during the forecast period.
Rising prevalence of cardiovascular and gastrointestinal diseases is poised to
propel the demand for anastomosis devices in the coming years.
According
to WHO, 17.7 million people died from CVD in 2015, which represented 31.0% of
all deaths in the world. It also states that 80% of these deaths are due to
strokes and heart attacks. CHD/CAD (Coronary Heart/Artery Disease) is the most
common type of heart disease and around 370,000 people die annually in the U.S.
Surgery is crucial for the treatment of such life-threatening diseases, thereby
increasing the adoption of anastomosis devices in these surgeries.
Lifestyle
associated changes, medical procedures, and/or drug therapy can be effectively
used to prevent or treat CAD in most people. Clearly, invasive cardiac surgery
is not the first-line of treatment for patients, where less invasive options
such as angioplasty and stenting are feasible. Nevertheless, for many patients
with advanced or diffuse diseases, surgery remains the best option and
anastomosis devices are widely used in such surgeries. Swelling demand for
CABG, increasing geriatric population, reduced risk associated with surgery,
and growing number of people who need re-operations after 10 to 12 years from
their first bypass surgery.
Introduction
of technologically advanced products with associated advantages such as less
exposure to anesthesia, reduced operating time, reduced chances of blood leaks,
and convenience are among factors likely to stoke growth of the market.
Moreover, presence of favorable reimbursement structure in developed countries
is estimated to bolster the growth of the market. For instance, Medicare
policies in the U.S. offer reimbursement for CABG and colorectal surgery.
Browse full
research report on Anastomosis Devices Market: www.grandviewresearch.com/industry-analysis/anastomosis-devices-market
Further key
findings from the study suggest:
- Disposable anastomotic devices will continue to
dominate the market until 2025, commanding just over 88.0% of the overall
market. The growth of the segment can be attributed to wide product
offering of various market players
- Reusable anastomotic devices are anticipated to
exhibit a CAGR of about 6.0% over the forecast period owing to increasing
need to reduce biomedical waste
- On the basis of application, cardiovascular
surgery held the largest share of the market in 2016 owing to rising
prevalence of CHD and increasing number of CABG procedures around the
globe
- North America was at the forefront in the global
arena owing to presence of well-structured reimbursement policies,
widening base of target population, and local presence of a large number
of key players
- Asia Pacific is expected to grow at a lucrative
rate of 6.1% during the forecast period owing to growing geriatric
population, rising incidence of CVD, rapid developments in the healthcare
sector, and increasing disposable income
- Key market players are engaged in various
strategies such as distribution agreements to augment their market
penetration. For instance, in February 2016, Maquet Medical Systems USA
entered into a distribution agreement with BIOTRONIK to distribute the
latter’s peripheral vascular devices in the U.S.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global anastomosis devices market
on the basis of product type, application, and region:
Anastomosis
Devices Product Type Outlook (Revenue, USD Million, 2014 - 2025)
- Disposable
- Reusable
Anastomosis
Devices Application Outlook (Revenue, USD Million, 2014 - 2025)
- Cardiovascular
Surgery
- Gastrointestinal
Surgery
- Others
Anastomosis
DevicesRegional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-anastomosis-devices-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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