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
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.
The global ligation devices market trends is expected to register
a CAGR
of 6.7% during the forecast period of 2019 to 2024.
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.
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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.
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.
Table Of
Contents:
Chapter 1.
Report Prologue
Chapter 2.
Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3.
Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4.
Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
…..
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