Anastomosis Devices Market to record USD 3,980 Mn incremental growth; North America to occupy industry share : Market.us
Pune, Maharashtra, India, October 11 2022 (Wiredrelease) Prudour Pvt. Ltd –:The market for anastomosis devices worldwide was worth USD 3,980 million in 2021. This is expected to increase at a compound annual growth rate (CAGR) of 5.8% between 2023-2032.
The increasing number of surgical procedures, such as gastrointestinal surgeries and colorectal cancer surgeries, is expected to drive the market growth over the forecast period.
In addition, rising prevalence of chronic diseases, such as obesity and diabetes, is another key factor anticipated to fuel the demand for anastomosis devices in the coming years. These devices are used in various gastrointestinal surgeries, such as small bowel resection and colorectal surgery. Furthermore, technological advancements in these devices are expected to provide significant growth opportunities for market players over the next eight years.
Market growth is expected to accelerate due to rising surgical procedures and the increasing prevalence of cardiovascular diseases. The COVID-19 pandemic has had a significant impact on the surgical industry. General surgery has faced many challenges due to the pandemic. This has had implications for working methods, minimally invasive versus open surgical techniques, staff safety, theatre workflow, education, and patient safety. All specialties have to prioritize the importance of regular surgical procedures and consider non-surgical management options when possible. Many elective and semi-elective procedures, including gastrointestinal malignancies, have been suspended. The market will still be affected by these surgeries once they are fully implemented.
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Role of key players across value chain
End-user analysis to define market strategy
Industry trends, opportunities and challenges in the market
Regional and Country breakdown by macro and microeconomic factors
Key Segment Analysis:
Ambulatory Care Centers & Clinics
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North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Rest of APAC)
South America (Brazil and the Rest of South America)
The Middle East and Africa (UAE, South Africa, Rest of MEA)
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Research Methodology by Market.us
Research study on Anastomosis Devices market will performed in five phases which include primary research, secondary research, subject matter expert advice, quality check and final review. Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of said market, The secondary sources referred for the study include press releases, company annual reports and research papers related to the industry.
Various sources such as industry magazines, trade journals, government websites and associations were also reviewed for gathering precise data on opportunities for business expansions in said market. Moreover, quantitative as well as qualitative data was also extracted from paid databases, which included Reuters, Faction, Bloomberg, One Source, and Hoovers, which proved to be useful for in depth technical study of the market.
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