The global anastomosis device market is projected to reach USD 4.4 billion by 2027 from USD 3.0 billion in 2022, at a CAGR of 8.3% during the forecast period. Market growth is largely driven by the increasing number of targeted diseases, growing number of surgical procedures worldwide, the rising demand for minimally invasive surgeries, and technological advancements in devices.
The key players in this market are Johnson & Johnson (US), Medtronic Plc (Ireland), B. Braun Melsungen (Germany), Intuitive Surgical Inc. (US), Boston Scientific Corporation (US), Artivion, Inc. (US), Smith & Nephew Plc (UK), Becton, Dickinson and Company (US), CONMED Corporation (US), Advanced Medical Solutions Group Plc (UK), Baxter International, Inc. (US), Teleflex (US), Meril Life Sciences (India), Surgical Specialties Corporation (US), Péters Surgical (France), DemeTECH Corporation (US), Purple Surgical (UK), Internacional Farmacéutica S.A. de C.V. (Mexico), BioSintex (Romania), Lotus Surgicals (India), Mellon Medical (Netherlands), and Frankenman International (China), EndoEvolution (US), Welfare Medical (UK) and Unisur Lifecare (India).
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In 2021, Johnson & Johnson held the leading position in of the anastomosis device market. It is one of the leading players in the global anastomosis devices market. The company’s leading position in this market can be attributed to its strong global presence and brand value, which has helped it gain a competitive edge, along with technologically diverse product portfolio, and wide distribution network across major markets.
In 2021, Medtronic plc accounted for second-largest share of the anastomosis device market. The company is one of the major players in the global anastomosis device market. The company’s wide product portfolio and robust geographic presence have helped it gain a modest edge in the market. The company has a strong presence across the US, the Asia Pacific, and the European regions.
Anastomosis Device Market by Product, Surgical Staplers (Manual, Powered), Surgical Sutures (Absorbable, Non-absorbable, Automated), and Surgical Sealants and Adhesives, Application (CVDs, GI Surgeries) and End Users - Global Forecast to 2027
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