Ligation Devices Market is projected to accelerate at a CAGR of 6.3% by 2032, owing to increasing prevalence of digestive diseases | insightSLICE
The market for Ligation Devices was valued at US$ 975 million in 2021 and is projected to increase at a CAGR of 6.3% from 2023 to 2032.
A blood vessel, tube, or duct is sealed with a ligature during a ligation surgery process. Due to its success in treating protuberant lesions, endoscopic ligation is becoming more and more popular.
Another element supporting the expansion of the global ligation market is the increase in demand for the treatment of angiodysplasia, gastric diseases, and haemorrhaging esophageal disorders. The demand for ligation devices has also grown as a result of a rise in gastrointestinal, abdominal, and urological procedures.
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The ligation market is predicted to expand significantly throughout the forecast period as a result of rising government spending on the development of facilities for the treatment of escalating digestive system illnesses.
The key players of the Global Ligation Devices Market are:
The main competitors covered in the global ligation devices market report are CONMED Corporation, Ethicon US LLC (Johnson & Johnson sub-division), Teleflex Incorporated, B. Braun Melsungen AG, Grena LTD, Progressive Medical, Inc., Medtronic plc, Olympus Corporation, and The Cooper Companies, Inc. among other companies.
The study also includes the most recent innovations and competitive analysis of the top vendors of ligation devices. In addition, the report will include information on important advancements, global and regional sales networks, business strategies, research and innovation activities, workforce, and key executives for all significant market participants.
For instance, Medtronic plc recorded revenues of USD 30,557 million in 2019. According to the company’s examination of its product segments, the company’s Cardiac and Vascular division accounted for the majority of the company’s revenue in 2019, with the United States being the main source of that income.
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Main sections covered in this report:
Additionally, it will assess the market shares of well-known firms in the global market for ligation devices. For example, the four main business divisions of Medtronic plc are the Cardiac and Vascular division, the Non-Invasive Therapies cluster, the Restorative Therapies cluster, and the Diabetes division.
The company’s Non-Invasive Therapies Group business segment, which contributed $8,478 million in revenues in 2019, is where the ligation devices are provided.
Other factors that are included in this market analysis:
The participants involved in the market’s supply chain and value network, as well as their contributions, will also be taken into account in the study of the global market for ligation devices.
The industry’s whole range of products that fall under the market for ligation devices would serve as the core of the product portfolio section of our report.
Similar to this, the portion of the current development would concentrate on the latest business activities, including global expansion, new product launches, mergers and acquisitions, and strategic partnerships and collaborations in the global market for ligation devices.
Global Ligation Devices Market Key Segments:
- Clip remover
- Open Surgery
- Gastrointestinal and abdominal surgery
- Gynecological surgery
- Cardiothoracic surgery
- Urological Surgery
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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Regional performance of Ligation Devices Market
Due to the rising rate of gastrointestinal and abdominal surgeries as well as the presence of international manufacturers, North America accounted for the largest share of the global market for ligation devices in 2019 and is expected to continue to hold this position during the projected period.
A growing population and a rise in surgical operations are expected to make Asia Pacific the most profitable region over the projection period.
Europe is predicted to contribute a sizable contribution to the global market for ligation devices and to expand steadily throughout the forecast period.
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