COVID-19 Impact and Recovery Analysis- Ligation Devices Market

The Ligation Devices Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, production and consumption, supply chain analysis, competitive landscape, and market composition analysis.

Increasing number of open and minimal invasive surgeries, prevalence of lifestyle disorders, and expanding geriatric population are analysed to be the prime factors bolstering the growth of ligation devices market. The number of cardiovascular, gynaecological, urological and gastrointestinal surgeries are increasing rapidly. Ligation devices are used in therapeutic and diagnostic procedures of these surgeries, and thus are witnessing increased demand. This has increased the demand for ligation devices in treatment of gastrointestinal & abdominal surgeries. Increasing number of gynaecological and urological surgeries is anticipated to fuel the demand for ligation devices in coming years.

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Growing demand for ligation clips to drive growth of ligation devices market

The global ligation devices market is segmented based on product type, surgical procedure, application, end user, and geography. Based on product type, the global ligation devices market is segmented into handheld instruments, and accessories. The accessories are further segmented into clips, clip removers, and others. The accessories have had a significant contribution and are expected to show a relatively steady growth through the forecast period. Accessories such as clips are used in high volume during a surgical procedure and thus, have been witnessing high demand. The product segment is anticipated to grow at a steady growth during the forecast period owing to increasing surgical applications.

Increasing number of gastrointestinal & abdominal surgeries to fuel demand for ligation devices

Based on application, the global ligation market is segmented into gastrointestinal & abdominal surgeries, gynaecological surgeries, cardiothoracic surgeries, urological surgeries, and others. The gastrointestinal & abdominal surgeries contributed the largest share to the global ligation devices market owing to increased number of gastrointestinal surgeries fuelled by the expanding ageing population. The gastrointestinal & abdominal surgical applications of ligation devices are anticipated to grow at a prominent growth rate during the forecast period owing to – technical progress in therapeutic & diagnostic procedures. The cardiothoracic surgeries are anticipated to be the fastest growing applications of ligation devices due to prevalence and increasing number of cardiovascular patients across the world and rising adoption of ligation devices in minimal invasive cardiovascular surgeries.

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Based on geography, the global ligation devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America contributed the largest share to the global ligation devices market owing to increasing number of surgeries. The prevalence of lifestyle disorders, chronic non communicable diseases, and increasing penetration of minimal invasive surgeries are the major factors fuelling the demand for ligation devices in North America. Asia Pacific is anticipated to be the fastest growing market for ligation devices market during the forecast period owing to expanding ageing population, increased spending on healthcare infrastructure and rapid growth in surgical treatments.

Major players operating the global ligation devices market include B. Braun Melsungen AG, CONMED Corporation, Ethicon US, LLC. (Johnson & Johnson), Grena LTD, Medtronic plc, Olympus Corporation, Progressive Medical, Inc., Teleflex Incorporated, and The Cooper Companies, Inc. among others.