Ligation Devices Market to Grow at 6.21% CAGR through 2029
Rising awareness
for minimal invasive procedures is expected to drive the Global Ligation
Devices Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “Ligation Devices Market – Global Industry Size,
Share, Trends, Competition, Forecast & Opportunities, 2029F”, the
Global Ligation Devices Market stood at USD
1.23 billion in 2023 and is anticipated to project steady growth in
the forecast period with a CAGR of 6.21%
through 2029. The market growth can be attributed to the mergers and
acquisitions, collaborative initiatives and partnerships established by leading
enterprises, utilizing diverse tactics to leverage the unique expertise of each
firm, consequently bolstering their market impact. The recent
advancements and the introduction of new devices are expected to fuel the
growth of the global ligation devices market.
Ligation devices
find diverse applications across various medical specialties, underpinning
their significance in the global healthcare landscape. These devices play a
pivotal role in achieving secure tissue closure and controlled hemostasis
during surgical procedures, contributing to improved patient outcomes and
reduced complications. For instance:
In
cardiovascular surgery, ligation devices are utilized to close off blood
vessels and ensure proper blood flow. They are essential in procedures like
coronary artery bypass grafting (CABG) and aortic aneurysm repair, where
precise closure of vessels is crucial to prevent bleeding and ensure the
restoration of normal blood circulation, in gynecology and obstetrics, ligation
devices are used during procedures such as hysterectomy, myomectomy, and tubal
ligation. These devices aid in the closure of blood vessels, reducing the risk
of excessive bleeding and facilitating tissue healing, which is vital for
successful outcomes in these surgeries, in general surgery, ligation devices
are employed in a wide array of procedures, including appendectomies,
gallbladder removals, and bowel surgeries. They enable surgeons to securely
close blood vessels, ducts, or tissue structures, promoting proper wound
healing and minimizing the risk of post-operative complication. Ligation
devices also find applications in urology, where they are used for procedures
like prostatectomies and nephrectomies to ensure hemostasis and prevent
complications related to bleeding. Interventional radiology
procedures, such as embolization of blood vessels, benefit from ligation
devices to occlude vessels and control blood flow.
As medical
technology advances, ligation devices are evolving to accommodate various
surgical techniques, including minimally invasive procedures and
robotic-assisted surgeries. Their applications continue to expand across a
spectrum of surgical specialties, underscoring their indispensable role in
ensuring safe and effective surgical interventions. The broad scope of
applications across multiple medical fields further emphasizes the enduring
significance of ligation devices in the global healthcare ecosystem.
However, the
rising prevalence of chronic diseases, such as cardiovascular conditions and
cancer, necessitates surgical interventions where ligation devices are crucial
for achieving hemostasis. Technological advancements lead to more sophisticated
devices, enhancing patient outcomes. The shift towards minimally invasive
surgeries boosts demand for ligation tools optimized for smaller incisions.
These drivers are expected for the growth of the Global Ligation Devices Market
in the coming years.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Ligation Devices Market”
The Global Ligation
Devices Market is segmented into product, application, procedure type, end use,
regional distribution, and company.
Based on procedure type, minimally
invasive surgery (MIS) techniques are emerging as the dominant approach over
traditional open surgery methods. MIS, which includes procedures such as
laparoscopy and robotic-assisted surgery, offers numerous advantages over open
surgery, driving its increasing adoption and dominance in the market. One key
factor contributing to the dominance of MIS in the ligation devices market is
its ability to minimize patient trauma and improve surgical outcomes. Compared
to open surgery, MIS techniques involve smaller incisions, reduced tissue
damage, and shorter recovery times, leading to less postoperative pain, lower
risk of complications, and faster return to normal activities for patients.
These benefits align with the growing trend towards patient-centered care and
enhanced recovery protocols, making MIS an attractive choice for both patients
and healthcare providers.
MIS techniques
enable more precise and targeted tissue manipulation, allowing surgeons to
perform intricate ligation procedures with greater accuracy and control. The
use of advanced imaging technologies, such as high-definition cameras and three-dimensional
visualization systems, enhances the visibility of the surgical field and
facilitates precise tissue dissection and ligation, leading to improved
surgical outcomes and reduced intraoperative complications. MIS procedures
typically require specialized instrumentation and devices, including ligation
devices specifically designed for use in minimally invasive settings. These
devices are characterized by their smaller size, ergonomic design, and
compatibility with MIS platforms, enabling surgeons to perform ligation
procedures efficiently and effectively through small access ports or trocar
sites.
Based on
region, the Europe emerges
as the second dominant region in the Global Ligation Devices Market. Several factors
contribute to Europe's significant presence and influence in this market
segment. Europe boasts a well-established healthcare infrastructure with
advanced medical facilities, research institutions, and a highly skilled
workforce. Countries within the European Union (EU) prioritize healthcare
accessibility and quality, investing in state-of-the-art medical technologies
and surgical techniques. This conducive environment fosters the adoption of
ligation devices and encourages innovation in surgical procedures. Europe has a
high prevalence of chronic diseases and age-related conditions that necessitate
surgical interventions, including ligation procedures. Chronic conditions such
as cardiovascular diseases, gastrointestinal disorders, and gynecological
conditions drive the demand for ligation devices across various medical
specialties. Europe's aging population contributes to the
increasing incidence of age-related ailments, further fueling the demand for
ligation devices and related surgical treatments.
Europe benefits
from a robust regulatory framework governing medical devices and surgical
procedures. Regulatory bodies such as the European Medicines Agency (EMA) and
the European Commission ensure stringent quality standards and safety
requirements for ligation devices, promoting trust and confidence among
healthcare professionals and patients. Europe serves as a hub for medical
device manufacturing and innovation, with several prominent companies based in
the region. These companies specialize in the development and production of
ligation devices, leveraging advanced technologies and research capabilities to
enhance product performance and efficacy.
Major companies
operating in Global Ligation Devices Market are:
- Medtronic Plc
- The Cooper Companies, Inc.
- Conmed Corporation
- B Braun Melsungen AG
- Teleflex Incorporated
- Olympus Corporation
- Ethicon, Inc.
- Sinolinks Medical Innovatoin, Inc.
- Duomed Group
- Leo Medical Co.,Ltd.
Download Free Sample Report
Customers can
also request for 10% free customization on this report
“The increasing
prevalence of chronic diseases and age-related conditions worldwide, such as
cardiovascular diseases, gastrointestinal disorders, and gynecological
conditions, is expected to drive the demand for ligation devices. As the global
population continues to age and lifestyles become increasingly sedentary, the
incidence of these conditions is projected to rise, thereby expanding the
market for ligation devices. Rising healthcare expenditure, particularly in
emerging economies, is expected to support the adoption of advanced medical
devices, including ligation devices. Governments and healthcare providers are investing
in upgrading healthcare infrastructure and expanding access to surgical
services, driving market growth. Growing awareness about the benefits of
minimally invasive surgical techniques and the shift towards outpatient
procedures are likely to fuel the demand for ligation devices. Minimally
invasive procedures offer several advantages over traditional open surgeries,
including shorter hospital stays, faster recovery times, and reduced healthcare
costs, driving their adoption”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Ligation Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Appliers, Accessories), By Application (Gastrointestinal and abdominal surgery, Gynecological surgery, Cardiothoracic surgery, Urological Surgery, Other), By Procedure Type (MIS, Open Surgery), By End-use (Hospitals, Ambulatory Surgical Centers), By Region, and Competition 2019-2029F”, has evaluated the future growth
potential of Global Ligation Devices Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Ligation Devices Market.
Contact
TechSci
Research LLC
420
Lexington Avenue, Suite 300,
New York,
United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com