Market Overview:
The global ligation device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of diseases, rising geriatric population, and technological advancements in ligation devices. Based on type, the minimally invasive segment is expected to grow at a higher CAGR than the open surgery segment during the forecast period. This can be attributed to factors such as less post-operative pain and faster recovery time associated with minimally invasive surgeries. Based on application, the gynaecology segment is expected to account for a larger share of the global ligation device market than other segments during the forecast period. This can be attributed to factors such as increasing prevalence of gynecological disorders and growing awareness about early diagnosis and treatment options for these disorders among women across regions.
Product Definition:
A ligation device is a medical tool used to close off blood vessels or other body passages. The device is typically a small, metal clip that is inserted into the vessel or passage and then closed, permanently sealing it off. Ligation devices are often used in surgery to prevent bleeding or to isolate organs for removal.
Minimally Invasive:
Minimally invasive procedures are those carried out through small incisions that lead to speedy recovery of patients. The modern minimally invasive devices offer a wide range of advantages such as quick recovery, low risk and reduced pain & suffering to the patient. These devices have evolved from highly complex and sophisticated systems with multiple steps and instruments for carrying out a single task into easy-to-use multi-functional tools offering speed, accuracy & precision in performing surgical tasks with lesser incisions.
Open Surgery:
Open surgery is a type of surgical procedure where the incision is made in the front part of patient's body. Open surgeries are majorly used for removing tumors, lesions or foreign objects from internal organs and tissues. Some other common open surgeries are hernia repair, removal of gallstones (cholecystectomy), removal of appendix (appendixectomy), tonsillectomy and adenoidectomy which remove growths called adenoids from the throat.
Application Insights:
The global market is segmented by application into gynecology, gastrointestinal surgery, cardiothoracic surgery, urology and other applications. The gynecology segment held the largest share in 2017 owing to increasing number of laparoscopic hysterectomies being performed worldwide. According to a study published in 2018 by the National Center for Biotechnology Information (NCBI) nearly 50% of women suffer from some form of pelvic pain during their reproductive years. This leads to reduced fertility which has resulted in an increased demand for ligation devices among surgeons treating gynaecological disorders.
GIT is expected to be one of the fastest-growing segments over the forecast period due largely to rising prevalence and incidence rates associated with various types of GIT disorders coupled with high unmet medical needs pertaining to less invasive treatment options across regions especially Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing prevalence of urological, gynaecological and gastrointestinal disorders. According to a study published in NCBI, around 1.6 million surgeries were performed on genitourinary system and 0.9 million surgeries were performed on digestive system in U.S.
Asia Pacific region is expected to grow at the highest CAGR over the forecast period due to rising geriatric population with weak immune systems prone to infections, increasing medical tourism due to availability of world-class healthcare services at affordable costs and improving infrastructure facilities for conducting various types of minimally invasive surgeries including laparoscopic ligation devices (LLD). Moreover, growing awareness about these devices among surgeons & patients will boost regional growth further during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global ligation device market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic and result in shorter hospital stays, which is driving the growth of the ligation device market.
- Technological advancements: The development of new and innovative ligation devices is expected to drive the growth of the global ligation device market during the forecast period. For instance, in January 2017, Covidien (now part of Medtronic) launched a new product called Ligasure Advance that offers an advanced sealing technology that helps reduce thermal injury and blood loss during surgery. This product is expected to fuel the growth of Covidien’s ligature division during 2017-2021.
- Rising prevalence of cancer: The rising prevalence of cancer across all regions is fueling demand for effective treatment options such as surgical procedures, which in turn is driving growth in the global ligation device market. For instance, according to GLOBOCAN 2012, there were 14 million cases diagnosed with cancer globally and this number was estimated to rise to 21 million by 2030 due to population aging and changes in lifestyle habits such as smoking and drinking alcohol.. This growing incidence rate is likely to create opportunities for players operating in this market overthe next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Ligation Device Market Research Report
By Type
Minimally Invasive, Open Surgery
By Application
Gynaecology, GIT, Cardiothoracic, Urology
By Companies
Ethicon (Johnson and Johnson), Teleflex Incorporated, Olympus, Applied Medical, ConMed, Cooper Surgical, Genicon, Grena Think Medical, B.Braun, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Ligation Device Market Report Segments:
The global Ligation Device market is segmented on the basis of:
Types
Minimally Invasive, Open Surgery
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Gynaecology, GIT, Cardiothoracic, Urology
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ethicon (Johnson and Johnson)
- Teleflex Incorporated
- Olympus
- Applied Medical
- ConMed
- Cooper Surgical
- Genicon
- Grena Think Medical
- B.Braun
- Medtronic
Highlights of The Ligation Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Minimally Invasive
- Open Surgery
- By Application:
- Gynaecology
- GIT
- Cardiothoracic
- Urology
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ligation Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A ligation device is a medical device that is inserted into the body through a small incision. The ligation device uses heat and pressure to close off blood vessels, which can reduce or stop bleeding.
Some of the key players operating in the ligation device market are Ethicon (Johnson and Johnson), Teleflex Incorporated, Olympus, Applied Medical, ConMed, Cooper Surgical, Genicon, Grena Think Medical, B.Braun, Medtronic.
The ligation device market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ligation Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ligation Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ligation Device Market - Supply Chain
4.5. Global Ligation Device Market Forecast
4.5.1. Ligation Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ligation Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ligation Device Market Absolute $ Opportunity
5. Global Ligation Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ligation Device Market Size and Volume Forecast by Type
5.3.1. Minimally Invasive
5.3.2. Open Surgery
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ligation Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ligation Device Market Size and Volume Forecast by Application
6.3.1. Gynaecology
6.3.2. GIT
6.3.3. Cardiothoracic
6.3.4. Urology
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ligation Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ligation Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ligation Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ligation Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ligation Device Demand Share Forecast, 2019-2026
9. North America Ligation Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ligation Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ligation Device Market Size and Volume Forecast by Application
9.4.1. Gynaecology
9.4.2. GIT
9.4.3. Cardiothoracic
9.4.4. Urology
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ligation Device Market Size and Volume Forecast by Type
9.7.1. Minimally Invasive
9.7.2. Open Surgery
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ligation Device Demand Share Forecast, 2019-2026
10. Latin America Ligation Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ligation Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ligation Device Market Size and Volume Forecast by Application
10.4.1. Gynaecology
10.4.2. GIT
10.4.3. Cardiothoracic
10.4.4. Urology
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ligation Device Market Size and Volume Forecast by Type
10.7.1. Minimally Invasive
10.7.2. Open Surgery
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ligation Device Demand Share Forecast, 2019-2026
11. Europe Ligation Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ligation Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ligation Device Market Size and Volume Forecast by Application
11.4.1. Gynaecology
11.4.2. GIT
11.4.3. Cardiothoracic
11.4.4. Urology
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ligation Device Market Size and Volume Forecast by Type
11.7.1. Minimally Invasive
11.7.2. Open Surgery
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potntial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ligation Device Demand Share, 2019-2026
12. Asia Pacific Ligation Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ligation Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ligation Device Market Size and Volume Forecast by Application
12.4.1. Gynaecology
12.4.2. GIT
12.4.3. Cardiothoracic
12.4.4. Urology
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ligation Device Market Size and Volume Forecast by Type
12.7.1. Minimally Invasive
12.7.2. Open Surgery
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ligation Device Demand Share, 2019-2026
13. Middle East & Africa Ligation Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ligation Device Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ligation Device Market Size and Volume Forecast by Application
13.4.1. Gynaecology
13.4.2. GIT
13.4.3. Cardiothoracic
13.4.4. Urology
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ligation Device Market Size and Volume Forecast by Type
13.7.1. Minimally Invasive
13.7.2. Open Surgery
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ligation Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ligation Device Market: Market Share Analysis
14.2. Ligation Device Distributors and Customers
14.3. Ligation Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ethicon (Johnson and Johnson)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Teleflex Incorporated
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Olympus
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Applied Medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ConMed
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cooper Surgical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Genicon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Grena Think Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. B.Braun
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Medtronic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
