China Anastomosis Devices Market Size & Outlook, 2023-2030
China anastomosis devices market, 2018-2030 (US$M)
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China anastomosis devices market highlights
- The China anastomosis devices market generated a revenue of USD 129.5 million in 2023 and is expected to reach USD 200.9 million by 2030.
- The China market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, disposable was the largest revenue generating product in 2023.
- Reusable is the most lucrative product segment registering the fastest growth during the forecast period.
Anastomosis devices market data book summary
| Market revenue in 2023 | USD 129.5 million |
| Market revenue in 2030 | USD 200.9 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Disposable |
| Fastest growing segment | Reusable |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Disposable, Reusable |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Getinge AB Class B, Baxter International Inc, Mizuho Financial Group Inc, Péters Surgical, Carponovum, Vascular Graft Solutions, Medline Industries, Seger Surgical Solutions |
Other key industry trends
- In terms of revenue, China accounted for 3.3% of the global anastomosis devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan anastomosis devices market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 70.1 million by 2030.
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Anastomosis Devices Market Scope
Anastomosis Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China anastomosis devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to anastomosis devices market will help companies and investors design strategic landscapes.
Disposable was the largest segment with a revenue share of 88.11% in 2023. Horizon Databook has segmented the China anastomosis devices market based on disposable, reusable covering the revenue growth of each sub-segment from 2018 to 2030.
According to WHO, about 230 million people have cardiovascular disease. It also states that around 3 million cases of deaths due to CVD are reported each year, contributing for 41% of the total deaths. According to Medistim, a cardiac and vascular products company, about 50,000 CABG procedures are performed every year in China.
Increase in number of these surgeries exhibit the high demand for anastomosis devices in this region. Perpetual technological innovations coupled with expansion of distribution network of key players in China market are propelling the anastomosis devices market growth.
Based on a recent report by the China Association of Medical Device Industry (CAMDI), China‘s medical device market has been growing at an average of 20% annually since 2009 and is expected to grow at the same growth rate through 2016.
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Horizon Databook provides a detailed overview of country-level data and insights on the China anastomosis devices market , including forecasts for subscribers. This country databook contains high-level insights into China anastomosis devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China anastomosis devices market size, by product, 2018-2030 (US$M)
China Anastomosis Devices Market Outlook Share, 2023 & 2030 (US$M)
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