Global Ligation Devices Market
The Global Ligation Devices Market is expected to grow from US$ 997.37 Million in 2021 to US$ 1432 Million by 2027; it is estimated to grow at a CAGR of 6.21% from 2021 to 2027.
A ligation device is typically used to bind a blood vessel or duct to halt bleeding during surgical or medical procedures. Ligation devices are designed to provide patients with the finest surgical experiences possible. These gadgets may be utilised depending on the technique. Ligation devices are employed in many different medical specialties, including as gynaecology, urology, cardiology, and abdominal surgery. Ligature attachments may be required during both laparoscopic and open surgical procedures. In addition, ligation devices are used to bind esophageal varices. Band legators are one of numerous market items utilised to entirely remove the developed bleeding.
Drivers: The increased patient desire for minimally invasive surgery due to fewer problems and shorter hospital stays will be a primary driver accelerating the market's growth rate for ligation devices. The increased prevalence of cancer and hernia will raise demand for nephrostomy treatments, propelling the ligation devices market's growth rate even further. Furthermore, rising healthcare expenditures and rapid technology advancements will be important drivers of market expansion. Similarly, rising obesity rates and the prevalence of haemorrhoids will have a beneficial impact on the market's growth rate. Rapid urbanisation, changing lifestyles, and rising disposable incomes in developing and developed countries will all have an impact on the growth pace of the ligation devices industry.
Restraints: The cost of ligation devices used in surgical procedures needs a larger investment, which limits the growth of the ligation devices market. Factors restricting the market include the growth of tubal ligation scars and pelvic inflammatory illness.
Opportunities: Increased healthcare spending, which can be used to treat various cardiovascular diseases and other conditions, would help the market grow in the coming years. Furthermore, a growth in demand for minimally invasive treatments utilising ligation devices and accessories would almost certainly present a lucrative opportunity for market expansion in the next years.
Impact of Covid-19
The unprecedented effects of the COVID-19 pandemic led in a decrease in the number of elective procedures such as tubal ligation during the crisis's initial phase. Because this form of operation necessitates general anaesthesia and intubation, the virus is more likely to spread by droplets in the air. Such circumstances may have harmed the usage of ligation devices in tubal ligation procedures in recent months. Despite these pandemic-related interruptions, the emergence of gastrointestinal symptoms in coronavirus-infected patients may boost industry recovery in the future years. A high number of critically sick patients exhibit gastrointestinal problems, such as feeding intolerance to mesenteric ischemia, which may increase the need for ligation for ischemia and other GI infections.
Segmentation By Product: The market is separated into two categories: handheld instruments and accessories. Because of the massive growth in cancer cases and the necessity to regulate pregnancy rates, both of which need the use of handheld equipment, the Handheld Instruments category is expected to create the most revenue throughout the projection period.
Segmentation By Application: The market is divided into four categories: Gastrointestinal and Abdominal Applications, Cardiovascular Applications, Gynecological Applications, Urological Applications, and Others. The cardiovascular surgery market is expected to develop at the fastest rate during the forecast period due to rising cardiovascular disease rates and the adoption of sedentary lifestyles that increase the risk of heart-related ailments.
Segmentation By End-User: The market is divided into two segments based on end-user: hospitals and others. The hospital sector will dominate the global market in 2020, and this trend is expected to continue in the years ahead.
Segmentation By Region: Ligation Devices Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Despite North America's continued dominance, Asia Pacific is expected to have the highest CAGR in the market throughout the forecast period. The large patient population and rapid infrastructural development in APAC are two significant drivers of growth.
Competitive Landscape: The key players of Ligation Devices Market are Medtronic, Johnson & Johnson, The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation, and Applied Medical Resources Corporation.
Industrial Development
Market Taxonomy
By Product
By Application
By End-User
By Region
Key Questions Addressed by the Report
Global Ligation Devices Market TOC
1. Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2. Research Methodology
2.11 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data End-users
3. Executive Summary
4. Global Ligation Devices Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Ligation Devices Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.3 Global Ligation Devices Market Size and Forecast, By Product
5.3.1 Handheld Instruments
5.3.2 Accessories
6. Global Ligation Devices Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Ligation Devices Market Share Analysis, By Application
6.3 Global Ligation Devices Market Size and Forecast, By Application
6.3.1 Gastrointestinal and Abdominal Applications
6.3.2 Cardiovascular Applications
6.3.3 Gynecological Applications
6.3.4 Urological Applications
6.3.5 Others
7. Global Ligation Devices Market, By End-user
7.1 Y-o-Y Growth Comparison, By End-user
7.3.1 Hospitals
7.3.2 Others
8. Global Ligation Devices Market, By Region
8.1 Global Ligation Devices Market Share Analysis, By Region
8.2 Global Ligation Devices Market Size and Forecast, By Region
8.2 Global Ligation Devices Market Size and Forecast, By Region
9. North America Ligation Devices Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Ligation Devices Market Share Analysis, By Product
9.3 North America Ligation Devices Market Size and Forecast, By Application
9.4 North America Ligation Devices Market Size and Forecast, By End-user
9.5 North America Ligation Devices Market Size and Forecast, By Country
9.5.1 US
9.5.2 Canada
9.5.3 Mexico
10. Europe Ligation Devices Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Ligation Devices Market Share Analysis, By Product
10.3 Europe Ligation Devices Market Size and Forecast, By Application
10.4 Europe Ligation Devices Market Size and Forecast, By End-user
10.5 Europe Ligation Devices Market Size and Forecast, By Country
10.5.1 UK
10.5.2 Germany
10.5.3 France
10.5.4 Rest of Europe (Russia, Spain, Finland, Denmark, Italy, Greece, and Sweden)
11. Asia Pacific Ligation Devices Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Ligation Devices Market Share Analysis, By Product
11.3 Asia Pacific Ligation Devices Market Size and Forecast, By Application
11.4 Asia Pacific Ligation Devices Market Size and Forecast, By End-user
11.5 Asia Pacific Ligation Devices Market Size and Forecast, By Country
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.2.5 Rest of Asia Pacific (Hong Kong, Australia, Singapore, New Zealand, Indonesia, Malaysia, and Taiwan)
12 Latin America Ligation Devices Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Ligation Devices Market Share Analysis, By Product
12.3 Latin America Ligation Devices Market Size and Forecast, By Application
12.4 Latin America Ligation Devices Market Size and Forecast, By End-user
12.5 Latin America Ligation Devices Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Ligation Devices Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Ligation Devices Market Share Analysis, By Product
12.3 Middle East Ligation Devices Market Size and Forecast, By Application
13.4 Middle East Ligation Devices Market Size and Forecast, By End-user
13.5 Middle East Ligation Devices Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14. Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 Medtronic
15.1. Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Product Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Johnson & Johnson
15.2.1. Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Product Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. The Cooper Companies, Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Product Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4. Conmed Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Product Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5. B. Braun Melsungen AG
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Product Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6. Olympus Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Product Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7. Applied Medical Resources Corporation.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Product Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
