Global Ligature Clips Market, By Product (Handheld Instruments, Accessories), Procedure Type (Minimally Invasive Surgeries, Open Surgeries), Application (Gastrointestinal and Abdominal Surgeries, Gynecological Surgeries, Cardiothoracic Surgeries, Urological Surgeries, Others), End-User (Hospitals, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2029.
Ligature Clips Market Analysis and Size
The market for ligature clips is expected to grow during the forecast period 2022-2029. Intended use of Ackermann ligature clips are indicated for use in surgical procedures on vessels or other tubular structures where a ligating clip is required. The device is intended to occlude the tubular structure by compression.
Data Bridge Market Research analyses that the ligature clips market which was USD 450 million in 2021, would rocket up to USD 675.05 million by 2029, and is expected to undergo a CAGR of 5.20% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Ligature Clips Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Handheld Instruments, Accessories), Procedure Type (Minimally Invasive Surgeries, Open Surgeries), Application (Gastrointestinal and Abdominal Surgeries, Gynecological Surgeries, Cardiothoracic Surgeries, Urological Surgeries, Others), End-User (Hospitals, Ambulatory Surgical Centers, Others)
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Countries Covered
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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.
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Market Players Covered
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B. Braun Melsungen AG (Germany), Grena Ltd. (U.K.), The Cooper Companies, Inc. (U.K.), Medtronic (Ireland), Genicon, Inc. (U.S.), Applied Medical Resources Corporation (U.S.), Teleflex Incorporated (U.S.), Olympus Corporation (Japan), Conmed (U.S.) and Johnson & Johnson Services Inc. (U.S.)
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Market Opportunities
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Market Definition
In the case of a surgical ligature clip with two retaining arms, the arms are bendable in such a way towards one another that they move from an open position, in which they are further apart from one another, into a closed position. Each retaining arm is connected to the other in each case at one end by a deformable connection point.
Global Ligature Clips Market Dynamics
Drivers
- Surging volume of patients suffering from chronic conditions
According to the Centers for Disease Control and Prevention, 60% of older persons have at least two chronic health issues, and 85% have one or more. Managing numerous chronic illnesses is a significant difficulty for many older adults. People with chronic diseases may have different needs, but they can have similar difficulties to other older adults, such as paying for care or navigating the complexities of the healthcare system. This will boost the market growth.
- Rising surgical procedures
The demand acceptance of the ligature clips driven by a number of key reasons including an increase in surgical operations and longer hospital stays. For instance, the NCBI reported in 2017 that between 12.0% to 16.0% of adult patients in hospitals were admitted. Furthermore, the surging volume of patients suffering from chronic conditions and disorders associated with digestives systems is expected to have a significant impact on the ligature clips market in the forecast in the forecast period of 2022 to 2029.
Opportunities
- Rising technological advancements
The newer technology being employed in the laboratory is in the nRBC count and its discrimination of different causes of cellular interference in the WBC count. Some analyzers now offer several additional histograms that are generated by two of the new angles of light scatter.
The use of ligating clips is being influenced by a number of variables, including an increase in the number of elderly patients, better treatment outcomes, a high demand for minimally invasive procedures, and increased patient safety during surgical procedures. Ligating clips, which are frequently employed in both laparoscopic and open procedures, also contribute to minimising operation time and associated hazards.
Furthermore, rising technological advancements will further cater to ample opportunities that will lead to the growth ligature clips market in the above-mentioned forecast period.
Restraints/Challenges
On the other hand, the poor holding power and complications will obstruct the market's growth rate.
This ligature clips market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the ligature clips 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 Ligature Clips Market Scope
The ligature clips market is segmented on the basis of product, application, procedure type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Handheld Instruments
- Accessories
Procedure Type
- Minimally Invasive Surgeries
- Open Surgeries
Application
- Gastrointestinal and Abdominal Surgeries
- Gynecological Surgeries
- Cardiothoracic Surgeries
- Urological Surgeries
- Others
End-User
- Hospitals
- Ambulatory Surgical Centers
- Others
Ligature Clips Market Regional Analysis/Insights
The ligature clips market is analysed and market size insights and trends are provided by country, product, application procedure type and end-user as referenced above.
The countries covered in the ligature clips 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.
North America dominates the ligature clips market due to the rising number of surgical procedures, rising initiatives by governments, and the presence of major key players in the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 ligature clips 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 ligature clips market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ligature clips market. The data is available for historic period 2010-2020.
Competitive Landscape and Ligature Clips Market Share Analysis
The ligature clips 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 ligature clips market.
Some of the major players operating in the ligature clips market are:
- B. Braun Melsungen AG (Germany)
- Grena Ltd. (U.K.)
- The Cooper Companies, Inc. (U.K.)
- Medtronic (Ireland)
- Genicon, Inc. (U.S.)
- Applied Medical Resources Corporation (U.S.)
- Teleflex Incorporated (U.S.)
- Olympus Corporation (Japan)
- Conmed (U.S.)
- Johnson & Johnson Services Inc. (U.S.)
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