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2021
Ligation Devices Market

Ligation Devices Market by Product (Handheld Instruments and Accessories), Application (Gastrointestinal & Abdominal Surgeries, Gynecological Surgeries, Cardiovascular Surgeries, Urological Surgeries, and Others), and End User (Hospitals and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
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A12459
Pages: 203
Jul 2021 | 1186 Views
Author(s) : Smita Nerkar , Onkar Sumant
Tables: 119
Charts: 39
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The global ligation devices market was valued at $946.2 million in 2020, and is projected to reach $1,680.5 million by 2030, registering a CAGR of 6.1% from 2021 to 2030. 

Ligation devices are the devices that help in tying a blood vessel or other tube in the body with a piece of thread or wire. It can be used in helping management of conditions such as hemorrhoid development, gastrointestinal appendages, left atrial appendage, and ureteral obstruction due to cardinal ligaments. In addition, the device can be used for management of pregnancy by performing tubectomy. Ligation accessories can be used in laparoscopic and open surgical procedures. In addition, ligation devices are used for banding esophageal varices. There are various accessories available in the market such as band ligators that are used in complete removal of the hemorrhoid developed. Furthermore, these devices are majorly used for aiding in assistance while performing critical surgeries. Ligation devices are designed such that they can reach the specific area while performing the surgeries wherein other instruments can’t enter because of their complex designs.

Ligation-Devices-Market-2020-2030

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Rise in prevalence of conditions, such as gastrointestinal protuberant lesions, gastric varices, and angiodysplasia, is anticipated to help the market generate higher revenues during the forecast period. Huge surge in preference for minimally invasive procedures using ligation instruments and accessories is expected to help the market generate higher revenues in the coming years. In addition, the market is driven by the increase in prevalence of diseases and other conditions that require ligation devices due to growing age. Furthermore, increase in healthcare spending, which can be used for treatment of various cardiovascular diseases and various other conditions would help the market to gain traction in the next few years.

However, cost of ligation devices used for surgical procedures requires higher investment, which may hamper the growth of the ligation devices market. On the contrary, surge in preference for minimally invasive procedures using ligation instruments & accessories is expected is expected to offer remunerative opportunities for the expansion of the market in the next few years.

The World Health Organization (WHO) on January 30, 2021 declared COVID-19 outbreak a public health emergency of international concern. Ligation devices can be used for assistance in various surgical procedures. However, workforce shortage as well as resource limitation due to COVID-19 is expected to negatively impact the growth of the industry during the forecast period. In addition, susceptibility of the patients undergoing the surgery to get exposed to COVID-19 will hinder the growth of the ligation devices market during the commenced period. The rise in strict government regulations regarding lockdowns has hindered the growth of the market in the commenced period.

Ligation Devices Market Segmentation  

The global ligation devices market is segmented on the basis of product, application, end user, and region. On the basis of product, the market is categorized into handheld instruments and accessories. By application, it is classified into gastrointestinal & abdominal surgeries, gynecological surgeries, cardiovascular surgeries, urological surgeries, and others. By end user, it is bifurcated into hospitals and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Segment review 

On the basis of product, the handheld instruments segment is expected to gain the highest revenue during the forecast period, owing to the huge surge in incidences of cancer and need for controlling pregnancy rates that require ligation handheld instruments, which would propel the growth of the segment during the forecast period. There is increase in number of surgical procedures that require ligation handheld instruments for execution of surgeries in both developed and developing countries. Huge surge in incidences of cancer and need for controlling pregnancy rates that require ligation handheld instruments would propel the growth of the segment during the forecast period.

Depending on application, the cardiovascular surgeries segment is anticipated to witness the fastest CAGR during the forecast period, owing to increase in incidences of cardiovascular diseases and the surge in adoption of sedentary lifestyle causing risks of heart related conditions. In addition, rise in advancement of cardiovascular robotic surgery would help to surge the demand for ligation devices, and thus propel the growth of the segment in the coming years. 

Ligation Devices Market
By Product

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The handheld instruments segment is expected to lead the market throughout the forecast period.

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By end user, the hospitals segment dominated the global market in 2020, and is expected to continue this trend in the coming years. This is attributed to surge in the number of outpatients and inpatients preferring hospitals and higher investment of hospitals for getting improved accessories for ligation and related surgical procedures. 

The key players profiled in this report include Ethicon (Johnson and Johnson), Teleflex Incorporated, Olympus Corporation, Applied Medical, ConMed Corporation, Cooper Surgical, Genicon, Inc., Grena Think Medical, B.Braun Melsungen AG, and Medtronic PLC.

Ligation Devices Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia Pacific segment held a highest revenue share in 2020, furthermore Asia-Pacific is expected to register the fastest CAGR during the forecast period.

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the ligation devices market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • The report covers the market analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
  • A comprehensive analysis of factors that drive and restrain the growth of the market is provided. 
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook and the ligation devices market growth.

Key Market Segments

By Product

  • Handheld instruments
  • Accessories

By Application 

  • Gastrointestinal & Abdominal Surgeries
  • Gynecological Surgeries
  • Cardiovascular Surgeries
  • Urological Surgeries
  • Others

By End User

  • Hospitals
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

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Ligation devices are those instruments or accessories that can be used in surgical procedures. The rise in prevalence of ovarian and cervical cancers, which require ligation devices for management of the condition, is anticipated to propel the market to generate higher revenue shares. In addition, steep growth in incidences of cardiovascular diseases and urological diseases that requires ligation devices to help remove the extra tissue growth and fuel the market growth. Increase in prevalence of diseases that requires surgical treatment, especially minimally invasive surgery would help the instruments and accessories to grow in the coming years. In addition, surge in potential of ligation devices in emerging countries is expected to provide greater opportunities in the coming years. However, higher cost of ligation devices may hinder the growth of the industry.

North America is expected to account for a significant share of the global ligation devices market during the forecast period. The market in the region is anticipated to grow in the future, owing to increase in healthcare expenditure and surge in patient population in the region. Additionally, Asia-Pacific is projected to witness the fastest CAGR and highest revenue during the forecast period, owing to greater patient population and increase in infrastructural development in the region.

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FREQUENTLY ASKED QUESTIONS?

A. Ligation devices are those accessories or instruments that can be used In removing off the extra tissue on the body and can assist in surgical procedures.

A. Ligation devices are used when the healthcare professionals require assistance in minimally invasive procedures such as during the operative surgeries.

A. The total value of ligation devices market was $946.2 million in 2020.

A. The forecast period in the report is from 2021-2030.

A. The market value of ligation devices market in 2030 was $1680.5 million.

A. The base year calculated in the report is 2020.

A. Increased demand for the ligation devices for assistance in surgical procedures will drive the market over the near future according to the KOLs.

A. The market has drawn the interest of the healthcare industry, owing to increasing prevalence of cardiovascular diseases, rise in technological advancements in ligation devices, and growing awareness among healthcare professionals regarding ligation devices

A. By product, the handheld instruments segment holds the maximum market share.

A. The market in Asia-Pacific is expected to register lucrative CAGR of 6.8% and highest revenue over the forecast period owing to presence of large population base, increase in awareness regarding ligation devices, and rise in disposable income

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