Ligation Devises Market by Procedure (Minimally Invasive Surgeries and Open Surgeries), Product (Handheld Instruments and Accessories), Application (Gastrointestinal and Abdominal Applications, Cardiovascular Applications, Urological Applications), End User(Hospitals, Clinics, and Surgical Centers & Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026832 | Pages: 100 | Industry: Medical Device | Date: Oct 2022 | Type: Global

The market crossed the US$ 1058.89 million mark in 2022 and is expected to hit US$ 1694.93 million by 2030, recording a CAGR of 6.1% during the forecast period.

The increasing number of surgical procedures will fuel market growth.

There is a rise in the number of surgeries performed across the world. In the last 25 years, the incidence of cardiovascular diseases has increased globally. The rise in diabetic cases and lifestyle changes are leading to an increase in cardiovascular surgeries and general surgeries. Rising incidences of chronic diseases, gynecological diseases, orthopedic diseases, urological diseases, neurological diseases, cardiothoracic diseases, etc. are anticipated to generate growth, owing to the several advantages associated with the device, such as the facilitation of precise, tremor-free surgery and benefits of minimally invasive methods.

Within the report, the market is categorized into the procedure, product, application, and end user. Based on product, the ligation devices market is bifurcated into handheld instruments and Accessories. Based on the procedure, the market is bifurcated into minimally invasive and open surgeries. Based on application, the market is segmented into gastrointestinal and abdominal applications, cardiovascular applications, urological applications, and others. Based on end users, the market is segmented into hospitals, clinics, and surgical centers & others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

The accessories segment is expected to accelerate the market growth.

The ligation accessories segment is expected to hold the largest market share over the forecast period. The surge in gastrointestinal and abdominal procedures and the increasing trend of minimally invasive surgeries (MIS) are the major factors for the growth. MIS procedures have obtained clinical recognition because of their advantages over open surgeries, such as faster recovery, fewer incisions, a smaller number of postoperative complications, fewer scars and blood loss, and greater patient outcomes. Increasing awareness of the advantages of minimally invasive surgeries over open surgery is also expected to drive market growth.

The rise in research and development activities will drive the market.

The surge 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. Also, the increasing demand from emerging markets and the rise in government initiatives to spread awareness about the benefits associated with these devices will further expand the future ligation devices market’s growth rate. For instance, The Union government, on 24Sep 2022, notified a scheme to promote medical device parks at a financial outlay of ₹ 400 crores till the financial year 2024-2025.

Recent strategic developments in ligation devises market

The ligation devises market has undergone several significant developments, and a few of these have been mentioned below:

  • On April 18, 2022 Ethicon, part of Johnson & Johnson MedTech, launched the ENSEAL X1 Straight Jaw Tissue Sealer, a new advanced bipolar energy device that cuts and transects, enables stronger sealing, and captures more tissue per bite than the LigaSure Blunt Tip, a tissue sealing device from Medtronic.
  • On 28 January, 2022, Grena Think Medical launched  new biomedical product NE'X GLUE - the next generation surgical adhesive. NE'X GLUE is surgeon's True Safety Net and is the strongest medical glue on the market.

The ligation devises several players drive market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. The Cooper Companies, Inc; Conmed Corporation; Olympus Corporation; B. Braun Melsungen AG; Teleflex Incorporated; Applied Medical Resources Corporation; Grena Think Medical; Genicon, Inc; Medtronic; Johnson & Johnsonare among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Devices distributors and sales firms
  • End users of devices
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented based on:

  • Procedure:
  • Minimally Invasive Surgeries
  • Open Surgeries
  • Product:
  • Handheld Instruments
  • Accessories
  • Application:
  • Gastrointestinal and Abdominal Applications
  • Cardiovascular Applications
  • Urological Applications
  • End-user:
  • Hospitals
  • Clinics
  • Surgical Centers
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • The Cooper Companies, Inc
  • Conmed Corporation
  • B. Braun Melsungen AG
  • Teleflex Incorporated
  • Olympus Corporation
  • Applied Medical Resources Corporation
  • Grena Think Medical
  • Genicon, Inc.
  • Medtronic
  • Johnson & Johnson

The List of Companies
- The Cooper Companies, Inc
- Conmed Corporation
- B. Braun Melsungen AG
- Teleflex Incorporated
- Olympus Corporation
- Applied Medical Resources Corporation
- Grena Think Medical
- Genicon, Inc.
- Medtronic
- Johnson & Johnson

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