Global Ligation Devices
Market Report: By Product (Handheld Instruments, Accessories), Procedure
(Minimally Invasive Surgery, Open Surgery), and Application (Gastrointestinal
and Abdominal, Gynecological, Urological Applications)—Global Forecast till
2024
Market research future will
be publishing a Half cooked research report on “Global ligation devices Market
Analysis” that contains the information from 2019 to 2024. Ligation
Devices Market is expected to grow at a CAGR 6.7% during the forecast period of
2019 to 2024.
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Market Research Future (MRFR) recognizes the following companies
as the key players in the global Ligation Devices Market that
includes Medtronic, Johnson & Johnson, The Cooper Companies, Inc.,
Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Olympus
Corporation, Applied Medical Resources Corporation, Grena Think Medical,
Genicon, Inc.
Market Highlights
Ligation devices are used during surgeries for closing incisions or to join
separated organs/tissue parts. Favorable reimbursement policies, rising
healthcare expenditure, an increasing number of surgeries, and growing research
and development expenditures are the factors driving the market growth.
According to the Centers for Disease Control and Prevention in 2017,
Coronary heart disease (CHD) was estimated to be the most common type of heart
disease within the US and was projected to cause 370,000 per
year. However, the high cost of surgery and related side effects are
estimated to restraint the market growth.
Segmentation
The global ligation devices market is segmented based on
product, procedure, application, end user, and region.
On the basis of product, the market is segmented into handheld instruments and
accessories. Based on procedure, the market is segmented into minimally
invasive surgery and open surgery. The application segment is segmented into
gastrointestinal and abdominal applications, cardiovascular applications,
gynecological applications, urological applications, and others. Based on the
end user, the market is segmented into hospitals & clinics, ambulatory
surgical center, and others.
Regional Analysis
The Americas dominated the global ligation
devices market in 2018. Factors such as increasing healthcare expenditure
and the rising incidence of chronic diseases are the major drivers within the
region.
In 2018, it was estimated that Europe stood second in the global
ligation devices market owing to increasing awareness, government support,
development of technologically advanced medical products, and a growing number
of surgeries. Moreover, the presence of developed economies (Germany, France,
UK) boosts the market growth.
Asia-Pacific was the fastest growing region for the global ligation
devices market in 2018. Factors such as increasing healthcare
infrastructure, favorable government policies, an increasing number of
surgeries and rising medical tourism drive the market growth within the region.
According to the Indian Brand Equity Foundation in 2017, the Indian healthcare
sector was estimated to be one of the fastest growing industries and is
estimated to reach USD 280 billion by 2020 with a CAGR of 22.87% from 2015.
On the other hand, the Middle East and Africa held the least share
in the global ligation devices market. Factors such as the presence
of poor economies and low per capita income, especially within the African
region make the market to lag within the region.
Key Players
Some of the key players in the global ligation devices market are
Medtronic, Johnson & Johnson, The Cooper Companies, Inc., Conmed
Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation,
Applied Medical Resources Corporation, Grena Think Medical, Genicon, Inc., and
others.
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