Global Ligation Devices Market, By Product (Handheld Instruments, Appliers, Accessories), Procedure (Minimally Invasive Surgery, Open Surgery), Application (Gastrointestinal and Abdominal Applications, Cardiovascular Applications, Gynecological Applications, Urological Applications, Other Applications), End-Users (Hospitals, Ambulatory Surgical Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Ligation Devices Market
Data Bridge Market Research analyses that the ligation devices market to be grow at a CAGR of 6.88% in the forecast period of 2022-2029 and is likely to reach the USD 1.57 billion by 2029.
Ligation is a surgical operation that involves tying a ligature around a bodily duct, tube, or blood artery. Endoscopic ligation is an efficient treatment for protuberant lesions and is commonly used to treat esophageal haemorrhage, gastric varices, and angiodysplasia. It is a viable approach for eliminating lesions in the upper gastrointestinal tract. It also lowers the chances of complications including perforation and bleeding.
The rising patient preference for minimally invasive surgery due to less complications and shorter hospital stay will act as major driver accelerating the ligation devices market’s growth rate. The rising prevalence of cancer and hernia will increase the demand for nephrostomy procedures and further propel the ligation devices market’s growth rate. Furthermore, surging healthcare expenditure and swift technological advances are the major drivers that will enhance the growth of market. Likewise, increasing number of cases of obesity and rise in the prevalence of haemorrhoids will show positive impact on the market’s growth rate. Rapid urbanisation, changing lifestyle and rise in the level of disposable incomes in developing and developed countries will influence the growth rate of ligation devices market. The rise in the number of geriatric population and increase in cardiovascular diseases will flourish the growth rate of ligation devices market.
Moreover, the rise in the number of research and development activities associated with ligation devices and the production of innovative, small laparoscopic instruments will provide beneficial opportunities for the ligation devices market growth. Additionally, the increasing demand from emerging markets and the rise in number of government initiatives to spread awareness about the benefits associated with these devices will further expand the ligation devices market’s growth rate in the future.
On the other hand, high cost associated with the devices and the lack of skilled professionals will obstruct the market growth. Also, side effects of tubal ligation surgery such as pelvic or abdominal pain will challenge the ligation devices market. However, the dearth of awareness will act as restrain and further impede the growth rate of market.
This ligation devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ligation devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ligation Devices Market Scope and Market Size
The ligation devices market is segmented on the basis of product, procedure, applications and end- users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the ligation devices market is segmented into handheld instruments, appliers and accessories. The segment of applier is further segmented into disposable and reusable. The segment of accessories is further segmented into clips and clips remover.
- Based on procedure, the ligation devices market is segmented into minimally invasive surgery and open surgery.
- Application segment of the ligation devices market is bifurcated into gastrointestinal and abdominal applications, cardiovascular applications, gynecological applications, urological applications and other applications.
- Ligation devices market has been segmented into hospitals, ambulatory surgical centers and others on the basis of end users.
Impact of COVID-19 on Ligation Devices Market
In the early stages of the crisis, the COVID-19 pandemic's unprecedented effects led in a decrease in the number of elective operations such as tubal ligation. Because this form of operation necessitates general anaesthesia and intubation, there is a higher danger of the virus spreading by droplets in the air. In recent months, situations like this may have impacted the usage of ligation devices in tubal ligation procedures.
Ligation Devices Market Country Level Analysis
The ligation devices market is segmented on the basis of product, procedure, applications and end- users.
The countries covered in the ligation devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ligation devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the rising patient population and enhancement in healthcare infrastructure in this region.
The country section of the ligation devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The ligation devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for ligation devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ligation devices market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Global Ligation Devices Market Share Analysis
The ligation devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ligation devices market.
Some of the major players operating in the ligation devices market are hnsurgical, Medtronic, Medical Devices Business Services, Inc., The Cooper Companies Inc., CONMED Corporation., B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation, Applied Medical Resources Corporation, Lotus Surgicals, Grena Ltd., Coloplast Corp., BIOTRONIK SE & Co KG, Cardinal Health, BD, pfm medical ag, Medtronic, Boston Scientific Corporation, Teleflex Incorporated, Cook, ARGON MEDICAL, Olympus Corporation, B. Braun Melsungen AG, UreSil, LLC, Putnam Plastics, Qosina, AngioDynamics, Medical Components, Inc., Abbott, Merit Medical Systems, Fluortek, Baylis Medical Company, Inc, Koninklijke Philips N.V., and Medikit co., ltd., among others.
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