SAN FRANCISCO, April 26, 2018 /PRNewswire/ --
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.
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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 with TOC on
"Anastomosis Devices Market Analysis By Product
(Disposable, Reusable), By Application (Cardiovascular Surgery,
Gastrointestinal Surgery), By Region, Competitive Landscape, And
Segment Forecasts, 2018 - 2025" at:
https://www.grandviewresearch.com/industry-analysis/anastomosis-devices-market
Further Key Findings From the Report 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.
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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)
- Anastomosis Devices Application Outlook (Revenue, USD
Million, 2014 - 2025)
- Cardiovascular Surgery
- Gastrointestinal Surgery
- Others
- Anastomosis Devices Regional Outlook (Revenue, USD Million,
2014 - 2025)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Read Our Blog By Grand View Research:
https://www.grandviewresearch.com/blogs/healthcare
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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com