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The global ligation devices market was valued at USD 884.4 million in 2019. Increase in prevalence of chronic diseases requiring surgical treatment along with growing demand for minimally invasive surgical procedures are key factors driving the global ligation devices market.
Ligation is the surgical procedure of tying a ligature tightly around a blood vessel or other duct or tube in the body. Ligation devices are widely used in minimally invasive surgeries. Increase in prevalence of chronic diseases such as cardiovascular disorders, cancer, gastrointestinal diseases requiring surgical treatment is expected to drive the growth of the market. Moreover, rapidly growing elderly patient pool aged 60 years and above is at high risk of developing these disorders leading to increase in surgical procedures. These factors are expected to drive the demand for ligation devices in the next few years. However, high cost of ligation devices is expected to hinder the growth of the market over the forecast period.
The global ligation devices market is categorized based on product, application, procedure, end-user, and region. Based on product, accessories segment held the largest share of the market in 2019. By procedure, minimally invasive surgeries segment is anticipated to grow at a lucrative rate over the forecast period. Application-wise, gastrointestinal & abdominal surgery segment grabbed majority of the share of the global ligation devices market. Geographically, North America dominated the global ligation devices market in 2019, however, Asia Pacific is expected to be the fastest growing region by 2028.
Key players operating in the global ligation devices market include Medtronic plc, Johnson & Johnson, Teleflex Incorporated, ConMed Corporation, B. Braun Melsungen AG, Olympus Corporation, Genicon, Inc., The Cooper Companies, Applied Medical, and Grena Think Medical among others.
Key Segments of the Global Ligation Devices Market
Product Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
Procedure Overview, 2018-2028 (USD Million)
End-user Overview, 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
Reasons for the study
What does the report include?
Who should buy this report?
Ligation devices are widely adopted for minimal invasive surgeries in laparoscopic procedures, vascular disease, gynecology, general surgery, and flexible endoscopic procedures. Increasing shift from traditional surgical procedures to minimally invasive techniques will propel growth of ligation devices market in the future. These procedures are performed through smaller incisions rather than large opening leading to lower blood loss and quick recovery of patients. Benefits associated with these less-invasive treatments such as speedy recovery, reduced hospitalization period, curtailed risk of infections and lower operative pain will positively influence market growth over the coming years. Minimally invasive surgeries also reduce the incidence of post-surgical complications thereby stimulating demand. Rapid rise in chronic disorders will lead to increased demand for minimally invasive surgical procedures. This, in turn, is expected to drive the demand for ligation devices in the future. Moreover, major industry players are also investing in R&D to develop technologically advanced products which is expected to accelerate the growth of the market in the future.
The global ligation devices market was valued at USD 884.4 million in 2019. Increase in prevalence of chronic diseases requiring surgical treatment along with growing demand for minimally invasive surgical procedures are key factors driving the global ligation devices market.
Ligation is the surgical procedure of tying a ligature tightly around a blood vessel or other duct or tube in the body. Ligation devices are widely used in minimally invasive surgeries. Increase in prevalence of chronic diseases such as cardiovascular disorders, cancer, gastrointestinal diseases requiring surgical treatment is expected to drive the growth of the market. Moreover, rapidly growing elderly patient pool aged 60 years and above is at high risk of developing these disorders leading to increase in surgical procedures. These factors are expected to drive the demand for ligation devices in the next few years. However, high cost of ligation devices is expected to hinder the growth of the market over the forecast period.
The global ligation devices market is categorized based on product, application, procedure, end-user, and region. Based on product, accessories segment held the largest share of the market in 2019. By procedure, minimally invasive surgeries segment is anticipated to grow at a lucrative rate over the forecast period. Application-wise, gastrointestinal & abdominal surgery segment grabbed majority of the share of the global ligation devices market. Geographically, North America dominated the global ligation devices market in 2019, however, Asia Pacific is expected to be the fastest growing region by 2028.
Key players operating in the global ligation devices market include Medtronic plc, Johnson & Johnson, Teleflex Incorporated, ConMed Corporation, B. Braun Melsungen AG, Olympus Corporation, Genicon, Inc., The Cooper Companies, Applied Medical, and Grena Think Medical among others.
Key Segments of the Global Ligation Devices Market
Product Overview, 2018-2028 (USD Million)
Application Overview, 2018-2028 (USD Million)
Procedure Overview, 2018-2028 (USD Million)
End-user Overview, 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
Reasons for the study
What does the report include?
Who should buy this report?
1. Introduction
1.1. Introduction
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
2. Research Methodology
2.1. Introduction
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
3. Market Outlook
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. Porter’s Five Forces Analysis
4. Ligation Devices Market by Product, 2018-2028 (USD Million)
4.1. Handheld Instruments
4.2. Accessories
5. Ligation Devices Market by Application, 2018-2028 (USD Million)
5.1. Gynecological Surgery
5.2. Gastrointestinal & Abdominal Surgery
5.3. Urological Surgery
5.4. Cardiovascular Surgery
5.5. Others
6. Ligation Devices Market by Procedure, 2018-2028 (USD Million)
6.1. Open Surgery
6.2. Minimally Invasive Surgery
7. Ligation Devices Market by End-user, 2018-2028 (USD Million)
7.1. Hospitals
7.2. Ambulatory Surgical Centers
7.3. Others
8. Ligation Devices Market by Region, 2018-2028 (USD Million)
8.1. North America
8.1.1. US
8.1.2. Canada
8.2. Europe
8.2.1. UK
8.2.2. Germany
8.2.3. France
8.2.4. Rest of Europe
8.3. Asia Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Rest of APAC
8.4. Latin America
8.4.1. Brazil
8.4.2. Mexico
8.4.3. Rest of Latin America
8.5. Middle East & Africa
8.5.1. GCC
8.5.2. South Africa
8.5.3. Rest of Middle East & Africa
9. Competitive Landscape
9.1. Company Ranking
9.2. Market Share Analysis
9.3. Strategic Initiatives
9.3.1. Mergers & Acquisitions
9.3.2. New Product Launch
9.3.3. Investments
9.3.4. Expansion
9.3.5. Others
10. Company Profiles
10.1. The Cooper Companies
10.1.1. Overview
10.1.2. Products Portfolio
10.1.3. Recent Initiatives
10.1.4. Company Financials
10.2. Johnson & Johnson
10.3. Medtronic plc
10.4. Teleflex Incorporated
10.5. Genicon, Inc.
10.6. B. Braun Melsungen AG
10.7. Applied Medical
10.8. Olympus Corporation
10.9. Grena Think Medical
10.10. ConMed Corporation
11. Appendix
11.1. Primary Research Approach
11.1.1. Primary Interview Participants
11.1.2. Primary Interview Summary
11.2. Questionnaire
11.3. Related Reports
11.3.1. Published
11.3.2. Upcoming