Ligation Devices Market Size, Share, Growth and Trends, Report 2024-2031
Ligation devices market is estimated to reach at a CAGR of 6.5% during the forecast period (2024-2031).Ligation devices are used to tie off blood vessels or other tubes within the body using thread or wire. They play a crucial role in managing various medical conditions, including hemorrhoids, gastrointestinal appendages, left atrial appendages, and ureteral blockages caused by cardinal ligaments. Additionally, these devices are employed in reproductive health to perform tubectomies, aiding in pregnancy management by preventing further pregnancies.
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Market Dynamics:
The Increasing adoption of minimally invasive surgeries over open surgeries will drive the market growth
The ligation devices market is expanding due to several key factors, including the increasing incidence of cardiovascular and urological disorders, as well as the rising number of minimally invasive procedures and bariatric surgeries. A 2017 survey by the European Heart Network highlighted that cardiovascular diseases account for 3.9 million deaths in Europe, underscoring the need for effective treatment options. As the demand for minimally invasive surgeries grows, so will the utilization of ligation devices. Additionally, favorable compensation policies, escalating healthcare costs, and increased research and development investments are contributing to market growth. Government initiatives and rising healthcare expenditures for digestive system conditions are also expected to further drive the expansion of the ligation devices market.
Segment Covered in the Ligation Devices Market:
By Product: Handheld Instruments, Accessories.
By Procedure: Minimally Invasive Surgery, Open Surgery.
By Application: Gastrointestinal & Abdominal Surgeries, Gynecological Surgeries, Cardiovascular Surgeries, Urological Surgeries, Others.
By End-User: Hospital, Others.
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Key players involved in Ligation Devices Market:
• Grena Think Medical
• Teleflex Incorporated
• Genicon
• Medtronic
• Johnson & Johnson
• The Cooper Companies Inc
• Conmed Corporation
• Braun Melsungen AG
• Olympus Corporation
• Applied Medical
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Product Portfolio:
Click'aV Plus™:
The Click'aV Plus™ represents the next generation of non-absorbable clips, offering distinct advantages for closing thick tissues that other clips on the market struggle with. Its advanced design ensures reliable and effective closure, making it a superior choice for challenging applications.
Regional Analysis:
The global Ligation Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Ligation Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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