Market Size of Ligation Devices Industry
| 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 |
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 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 Size Summary
The ligation devices market is experiencing growth driven by the increasing prevalence of cardiovascular and urological diseases, alongside a rising number of minimally invasive and bariatric surgeries. The demand for these devices is further bolstered by favorable compensation policies, heightened healthcare expenditure, and increased investment in research and development. Despite these positive trends, the market faces challenges due to the high costs associated with ligation instruments and accessories. The segment of ligation accessories is anticipated to capture a significant portion of the market share, propelled by the growing number of gastrointestinal and abdominal procedures and the increasing adoption of minimally invasive surgeries, which offer numerous advantages over traditional open surgeries.
North America is projected to lead the ligation devices market throughout the forecast period, supported by a high prevalence of urological and cardiovascular diseases, a robust healthcare infrastructure, and the presence of key industry players. The region benefits from beneficial government initiatives and a rise in research partnerships, which are expected to further drive market expansion. The market is moderately consolidated, with major companies like Johnson & Johnson, Medtronic plc, and Teleflex Incorporated focusing on expanding their presence in developing regions to enhance their market share. As the incidence of diseases requiring surgical intervention continues to rise globally, the ligation devices market is poised for significant growth.
Ligation Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in Prevalence of Cardiovascular and Urological Diseases
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1.2.2 Increasing Number of Minimally Invasive Procedures
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1.2.3 Increasing Number of Bariatric Surgeries and Aesthetic Surgeries
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1.3 Market Restraints
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1.3.1 High Cost of the Devices
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Hand-held Instruments
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2.1.2 Accessories
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2.2 By Procedure
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2.2.1 Minimally Invasive
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2.2.2 Open Surgery
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2.3 By Application
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2.3.1 Gynaecology
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2.3.2 Cardiovascular Applications
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2.3.3 Gastrointestinal and Abdominal Applications
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2.3.4 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Ligation Devices Market Size 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.
