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Global Ligation Market Size By Procedure, By Application, By End-User, By Geographic Scope And Forecast


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Ligation Market Size By Procedure, By Application, By End-User, By Geographic Scope And Forecast

Ligation Market Size And Forecast

Ligation Market size was valued at USD 962.22 Million in 2024 and is projected to reach USD 1622.63 Million by 2031, growing at a CAGR of 6.75% during the forecast period 2024-2031.

Global Ligation Market Drivers

The market drivers for the Ligation Market can be influenced by various factors. These may include

  • Growing Surgical Procedures An ageing population and an increase in diseases linked to a poor lifestyle are driving up the number of surgical procedures performed worldwide, which is driving up demand for ligation products.
  • Technological Advancements By improving the effectiveness and efficiency of ligation procedures, medical technology innovations—such as the creation of sophisticated ligation devices like automated ligation systems, laparoscopic ligation instruments, and minimally invasive surgical tools—are propelling the market upward.
  • Growing Prevalence Of Chronic Diseases The need for ligation devices is heightened by the increasing number of chronic problems that frequently necessitate surgical intervention, such as cancer, gastrointestinal disorders, and cardiovascular diseases.
  • Growing Preference For Minimally Invasive Surgery As a result of its advantages—such as quicker recovery periods, a decreased chance of problems, and shorter hospital stays—minimally invasive surgeries are becoming more and more popular. Ligation devices are essential to these processes, which propels market expansion.
  • Government And Healthcare Initiatives Enhanced efforts by the government and healthcare institutions to enhance surgical results and patient safety, along with expanding access to surgical treatment, will bolster the expansion of the Ligation Market.
  • Growing Healthcare Expenditure Growing healthcare spending, particularly in emerging nations, makes modern surgical techniques and ligation devices more accessible, which promotes market growth.
  • Growing Awareness And Training Programmes The adoption of these products is aided by a greater understanding of the advantages of sophisticated ligation techniques as well as the availability of training programmes for surgeons and medical personnel.
  • Growth Of Healthcare Infrastructure A bigger market for ligation devices and technologies is made possible by the growth of healthcare infrastructure, especially in emerging markets.
  • Product Portfolio Diversification To increase their market share, companies in the ligation industry are constantly expanding their product portfolios to include a variety of instruments that meet various surgical requirements.
  • Strategic Acquisitions And Partnerships Both strategic partnerships and partnerships between medical device manufacturers and healthcare providers support the creation and marketing of cutting-edge ligation products, which in turn propels market expansion.

Global Ligation Market Restraints

Several factors can act as restraints or challenges for the Ligation Market. These may include

  • Exorbitant Surgical Procedure And Device Costs Cost-sensitive markets and areas with constrained healthcare budgets may find it difficult to employ advanced ligation devices and surgical procedures because to their high cost.
  • Restricted Entry In Low- And Middle-Income Nations Accessing innovative medical technologies is a barrier in many low- and middle-income nations because of financial constraints, insufficient infrastructure for providing healthcare, and insufficient funding for healthcare.
  • Tight Regulating Guidelines The medical equipment sector is heavily controlled. New product launches can be slowed down by the time and expense required to obtain regulatory clearances from organisations like the European Medicines Agency (EMA) in Europe and the Food and Drug Administration (FDA) in the US.
  • Risks And Complications Associated With Procedures Like any surgical operation, surgical ligation techniques have the potential to result in complications such as bleeding, infections, and anesthesia-related side effects. Patients may be dissuaded from choosing these operations by these dangers.
  • Accessibility of Alternative Medical Care The need for ligation devices can be decreased by non-surgical treatment alternatives and alternative therapies for diseases that are commonly treated with ligation (such as medicine for varicose veins or haemorrhoids).Technology Difficulties
  • Research And Development expenditures must be substantial in order to maintain and develop high-quality ligation devices that adhere to strict safety and efficacy criteria. Innovation must be ongoing. Limitations or faults in technology can prevent the market from expanding.
  • Issues With Reimbursement Reimbursement policies for surgical procedures and devices can be complicated and restrictive in many healthcare systems. Adoption of innovative ligation technologies by healthcare practitioners may be hindered by limited or unfavourable reimbursement.
  • Lack Of Qualified Professionals The proficiency and expertise of the surgeons conducting ligation procedures determines how successful the surgeries are. A scarcity of skilled and knowledgeable medical personnel may restrict the use of cutting-edge ligation methods.
  • Economic Recessions Recessions and unstable economies can have an effect on healthcare spending by reducing investment in new technology and delaying elective surgical operations, especially ligation procedures.
  • Patient Acceptance And Awareness The Ligation Market may not grow as fast as it could due to patient ignorance and reluctance to have surgery. If patients are not completely informed about the advantages of ligation operations, they may choose less invasive options.
  • Supply Chain Interruptions Geopolitical tensions, natural disasters, or pandemics (like COVID-19) might interrupt the worldwide supply chain for medical equipment, which could impact the availability of ligation devices.

Global Ligation Market Segmentation Analysis

The Global Ligation Market is Segmented on the basis of Procedure, Application, End-User, And Geography.

Ligation Market, By Procedure

  • Minimally Invasive Surgery (MIS) This rapidly growing segment is driven by the increasing preference for less invasive surgical techniques that offer faster recovery times and reduced patient discomfort.
  • Open Surgery This traditional approach to surgery still holds a significant share of the Ligation Market, particularly for complex procedures.

Ligation Market, By Application

  • Gastrointestinal & Abdominal Surgeries Ligation devices play a vital role in various procedures related to the digestive system, such as appendectomy, hernia repair, and bowel resection.
  • Gynecological Surgeries Ligation is a common step in many gynecological procedures, including hysterectomy, myomectomy, and tubal ligation (sterilization).
  • Cardiovascular Surgeries Ligation devices are used in coronary artery bypass grafting (CABG), valve replacement surgeries, and other procedures to control blood flow.
  • Urological Surgeries Ligation is essential in urological procedures to control bleeding, remove tissue, or block ducts.

Ligation Market, By End-User

  • Hospitals These are the largest consumers of ligation devices due to the wide range of surgical procedures performed within their facilities.
  • Ambulatory Surgical Centers (ASCs) ASCs are increasingly adopting ligation devices for minimally invasive procedures due to their cost-effectiveness and convenience.
  • Other End-Users This category includes specialty clinics, physician offices, and other healthcare settings that perform surgical procedures on a limited scale.

Ligation Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Ligation Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Ligation Market are

  • Ethicon (Johnson and Johnson)
  • Medtronic
  • Olympus Corporation
  • B. Braun Melsungen AG
  • Applied Medical
  • Cooper Surgical
  • Teleflex Incorporated
  • Grena Think Medical
  • Genicon
  • ConMed

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Ethicon (Johnson and Johnson), Medtronic, Olympus Corporation, B. Braun Melsungen AG, Applied Medical, Teleflex Incorporated, Grena Think Medical

SEGMENTS COVERED

By Procedure, By Application, By End-User, And By Geography.

CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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