Ligation Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Ligation Devices Market Analysis
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.
Ligation Devices Market Trends
This section covers the major market trends shaping the Ligation Devices Market according to our research experts:
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.
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.
Ligation Devices Industry Overview
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 areJohnson & Johnson, Medtronic plc, Teleflex Incorporated, Olympus Corporation, Applied Medical, ConMed, Cooper Surgical, and B.Braun.
Ligation Devices Market Leaders
Johnson & Johnson
Medtronic plc
Teleflex Incorporated
Olympus Corporation
Applied Medical
*Disclaimer: Major Players sorted in no particular order
Ligation Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rise in Prevalence of Cardiovascular and Urological Diseases
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4.2.2 Increasing Number of Minimally Invasive Procedures
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4.2.3 Increasing Number of Bariatric Surgeries and Aesthetic Surgeries
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4.3 Market Restraints
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4.3.1 High Cost of the Devices
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Hand-held Instruments
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5.1.2 Accessories
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5.2 By Procedure
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5.2.1 Minimally Invasive
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5.2.2 Open Surgery
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5.3 By Application
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5.3.1 Gynaecology
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5.3.2 Cardiovascular Applications
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5.3.3 Gastrointestinal and Abdominal Applications
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5.3.4 Others
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 United Kingdom
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5.4.2.3 France
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5.4.2.4 Italy
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5.4.2.5 Spain
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5.4.2.6 Rest of Europe
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5.4.3 Asia-Pacific
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5.4.3.1 China
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5.4.3.2 Japan
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5.4.3.3 India
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5.4.3.4 Australia
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5.4.3.5 South Korea
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5.4.3.6 Rest of Asia-Pacific
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5.4.4 Middle-East and Africa
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5.4.4.1 GCC
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5.4.4.2 South Africa
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5.4.4.3 Rest of Middle-East and Africa
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5.4.5 South America
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5.4.5.1 Brazil
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5.4.5.2 Argentina
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5.4.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Johnson & Johnson
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6.1.2 Medtronic plc
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6.1.3 Teleflex Incorporated
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6.1.4 Olympus Corporation
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6.1.5 Applied Medical
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6.1.6 CONMED Corporation
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6.1.7 CooperSurgical Inc.
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6.1.8 Progressive Medical, Inc.
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6.1.9 Grena Think Medical
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6.1.10 B. Braun Melsungen AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ligation Devices Industry Segmentation
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 | ||||||||
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Ligation Devices Market Research FAQs
What is the current Ligation Devices Market size?
The Ligation Devices Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Ligation Devices Market?
Johnson & Johnson, Medtronic plc, Teleflex Incorporated, Olympus Corporation and Applied Medical are the major companies operating in the Ligation Devices Market.
Which is the fastest growing region in Ligation Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Ligation Devices Market?
In 2024, the North America accounts for the largest market share in Ligation Devices Market.
What years does this Ligation Devices Market cover?
The report covers the Ligation Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ligation Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ligation Devices Industry Report
Statistics for the 2024 Ligation Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ligation Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
