The
global Ligation Devices Market size is expected to reach
$1.7 billion by 2029 according to new report by Grand View Research, Inc.,
registering a 6.2% CAGR over the forecast period. The market is primarily
driven by the increasing incidence of digestive system related diseases and
increasing adoption of minimally invasive procedures. Technological advancements
in the field of endoscopy which require ligation devices is also expected to
drive the growth. Moreover, increasing healthcare spending in the field of
gastrointestinal procedures is also fueling the market. Rise in the geriatric
population prone to various digestive and chronic diseases is projected to
contribute to the rising demand. According to the National Institutes of
Health, in 2015, there were 617 million people over the age of 65 years and the
number is projected to reach1.6 billion by 2050.
Increasing
use of ligation devices in open surgeries such as coronary artery bypass,
aortic valve replacement, and mitral valve replacement is expected to propel
growth of the ligation devices market. According to the Society of Thoracic
Surgeons Adult Cardiac Surgery Database, in U.S., 156,931 Coronary Artery
Bypass Grafting (CABG) procedures were performed, in 2016. In addition,
favorable reimbursement policies along with rising R&D expenditure is also
adding to the growth of the market.
Related Press
Release@ Ligation Devices Market Report
List of Key
Players in Ligation Devices
·
Medtronic Plc
·
Johnson and Johnson (Ethicon)
·
the Cooper Companies, Inc.
·
CONMED Corporation
·
B Braun Melsungen AG
·
Teleflex Incorporated
·
Olympus Corporation
Ligation Devices Market Report Highlights
- Europe
captured second position in the ligation devices market in 2018, supported
by favorable reimbursement policies, availability of ligation devices, and
various government initiatives
- By product,
accessories segment accounted for the largest market share in 2018, owing
to low cost and high usage of the product
- By applier,
reusable appliers are projected to continue dominating in near future
owing to the rising use in both minimally invasive and open procedures
- By
application, gastrointestinal and abdominal surgery segment captured the
largest market share in 2018, owing to increasing prevalence of
age-related digestive diseases
- Based on
procedure type, minimally invasive procedures segment accounted for the
largest market share of more than 65% in 2018 and is expected to maintain
its dominance during the forecast period
- Few of the
leading market players are Medtronic Plc; Johnson and Johnson (Ethicon);
the Cooper Companies, Inc.; CONMED Corporation; B Braun Melsungen AG;
Teleflex Incorporated; and Olympus Corporation. These players are focusing
on new product launches to provide advanced services to the patients. In
August 2019, Medtronic Plc confirmed the re-availability of its two
product codes FF107- ligation clip applier, and FFL112-ligation clip
applier
Ligation Devices Market Segmentation
Grand
View Research has segmented the global ligation devices market on the basis of
product, application, procedure type, end use, and region:
- Ligation
Devices Product Outlook (Revenue, USD Million, 2017 - 2029)
- Appliers
- Disposable
- Reusable
- Accessories
- Clips
- Clip
Remover
- Ligation
Devices Application Outlook (Revenue, USD Million, 2017 - 2029)
- Gastrointestinal
and Abdominal Surgery
- Gynecological
Surgery
- Cardiothoracic
Surgery
- Urological
Surgery
- Other
- Ligation
Devices Procedure Type Outlook (Revenue, USD Million, 2017 - 2029)
- MIS
- Open
Surgery
- Ligation
Devices End Use Outlook (Revenue, USD Million, 2017 - 2029)
- Hospitals
- Ambulatory
Surgical Centers
- Ligation
Devices Regional Outlook (Revenue, USD Million, 2017 - 2029)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia
Pacific
- Japan
- China
- India
- Australia
- South
Korea
- Latin
America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East
& Africa
- South
Africa
- Saudi
Arabia
- UAE
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals, materials,
healthcare and energy.
Contact:
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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