Ligation is a surgical procedure wherein a ligature is tied around a blood vessel, tube or duct. Endoscopic ligation is witnessing rise in demand as it has emerged as an effective method for protuberant lesions treatment. Rising demand from management of angiodysplasia, gastric varices, and bleeding esophageal is another factor bolstering the growth of the global ligation market. Additionally, increasing number of gastrointestinal & abdominal, and urological surgeries has resulted in increased demand for ligation devices. With increased government spending on development of infrastructure for treatment of expanding digestive system diseases, the ligation market is anticipated to enjoy prominent growth during the forecast period.
North America contributed the largest share to the global ligation devices market in 2019 and is anticipated to be the dominating geography throughout the forecast period owing to the increasing number of gastrointestinal & abdominal surgeries and presence of global manufacturers. Asia Pacific is anticipated to be the most lucrative geography during the forecast period owing to expanding population and increasing number of surgical procedures. Europe is anticipated to contribute prominent share to the global ligation devices market and is anticipated to grow at a steady rate during forecast period.
The report titled “Ligation Devices Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032” wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global ligation devices market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Medtronic plc reported revenues of USD 30,557 million in 2019 and the product segment analysis of the company indicates that Cardiac and Vascular group of the company dominated revenue in 2019 with the United States being the major revenue generating country.
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. Based on surgical procedures, the global ligation devices market is segmented into open surgeries, and minimal invasive surgeries. Based on application, the global ligation market is segmented into gastrointestinal & abdominal surgeries, gynecological surgeries, cardiothoracic surgeries, urological surgeries, and others. Based on end user, the global ligation devices market is segmented into hospitals, ambulatory surgical centers, and others. Based on geography, the global Ligation Devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Additionally, the study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the ligation devices companies. Further, market share of prominent companies in the global ligation devices market would also be estimated. For instance, Medtronic plc operates through four business divisions namely Cardiac and Vascular group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. The ligation devices are delivered under Minimally Invasive Therapies Group business division of the company with revenue contribution of US$ 8,478 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the ligation devices companies. Furthermore, the global ligation devices market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. The product portfolio would focus on all the products under the ligation devices market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global ligation devices market.
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.
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