Ligation Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Ligation Devices Market is segmented by Product (Hand-held Instruments, Accessories), Procedure, Application, and Geography

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.5 %

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Market Overview

The major factors propelling the growth of the ligation devices market are the high prevalence of cardiovascular and urological diseases, an increasing number of minimally invasive procedures, and bariatric surgeries. 

According to a survey conducted by European Heart Network in 2017, 3.9 million deaths in Europe are due to cardiovascular diseases. As the incidence of the diseases which require minimally invasive surgeries increases the growth of the ligation devices. Furthermore, favorable compensation policies, increasing healthcare expenditure, and growing research and development expenditures are the other factors driving the market growth. However, the high cost of the ligation instruments and the accessories is the major restraint to the growth of the market.

Scope of the Report

As per the scope of the report, ligation is the process of sealing an incision during surgery or to join separated organs or tissue parts. Ligation devices are used for open surgical procedures as well as laparoscopic operations. 

By Product
Hand-held Instruments
Accessories
By Procedure
Minimally Invasive
Open Surgery
By Application
Gynaecology
Cardiovascular Applications
Gastrointestinal and Abdominal Applications
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Accessories Segment of the Ligation Devices Market Holds the Major Market Share

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

According to the American College of Cardiology (2017), Cardiovascular disease accounts for the 800,000 deaths in the United States, as the incidence of diseases that require surgeries increasea around the world, the market will witness significant growth.

Cardiovascular global death.png

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall ligation devices market, throughout the forecast period. The ligation devices market in the region is propelled by an increase in the prevalence of urological diseases such as chronic kidney diseases and cardiovascular diseases. 

According to the National Center for Chronic Diseases Prevention and Health Promotion, the United States had 30 million citizens suffering from chronic kidney diseases in 2017. The other factors driving the market growth are the presence of key players, established healthcare infrastructure. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth.

Dilated Cardiomyopathy Therapeutic Market

Competitive Landscape

The ligation devices market is moderately consolidated and consists of several major players. Most of the major players are focusing on growing their businesses in developing regions to boost their market share. Some of the market players are Johnson & Johnson, Medtronic plc, Teleflex Incorporated, Olympus Corporation, Applied Medical, ConMed, Cooper Surgical, and B.Braun.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in Prevalence of Cardiovascular and Urological Diseases

      2. 4.2.2 Increasing Number of Minimally Invasive Procedures

      3. 4.2.3 Increasing Number of Bariatric Surgeries and Aesthetic Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Hand-held Instruments

      2. 5.1.2 Accessories

    2. 5.2 By Procedure

      1. 5.2.1 Minimally Invasive

      2. 5.2.2 Open Surgery

    3. 5.3 By Application

      1. 5.3.1 Gynaecology

      2. 5.3.2 Cardiovascular Applications

      3. 5.3.3 Gastrointestinal and Abdominal Applications

      4. 5.3.4 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Johnson & Johnson

      2. 6.1.2 Medtronic plc

      3. 6.1.3 Teleflex Incorporated

      4. 6.1.4 Olympus Corporation

      5. 6.1.5 Applied Medical

      6. 6.1.6 CONMED Corporation

      7. 6.1.7 CooperSurgical Inc.

      8. 6.1.8 Progressive Medical, Inc.

      9. 6.1.9 Grena Think Medical

      10. 6.1.10 B. Braun Melsungen AG

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Ligation Devices Market market is studied from 2018 - 2026.

The Ligation Devices Market is growing at a CAGR of 6.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Johnson & Johnson, Medtronic plc, Teleflex Incorporated, Olympus Corporation, Applied Medical are the major companies operating in Ligation Devices Market.

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