The increasing prevalence of various chronic diseases and the rising demand for minimally invasive surgeries are anticipated to boost growth of the ligation device market. Moreover, growing geriatric populations, which are more prone to old age-linked diseases and the increasing applications of ligation devices are further driving market growth. Furthermore, increasing government initiatives and increasing healthcare expenditure play a pivotal role in boosting market growth during the forecast period. However, the high cost of ligation devices is hindering growth of the ligation device market.
Market Industry Reports (MIR) has published a new report titled “Ligation Device Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global ligation device market is estimated to be over US$ 850 million in 2019. It is anticipated to grow at a CAGR of 6% from 2019 to 2030.
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Some of the prominent players in the Ligation Device Market include:
Medtronic
• Ethicon US
• LLC.
• Corning Incorporated
• The Cooper Companies Inc.
• B. Braun Melsungen AG.
• Olympus America
• Teleflex Incorporated.
• GRENA LTD
• Stryker
• CONMED Corporation
Minimally invasive surgeries offer various advantages over traditional open surgeries including faster recovery times, reduced pain, smaller incisions, reduced scarring, and higher accuracy. Minimally Invasive Surgeries (MIS) are broadly used for several routine operations, including cholecystectomy (removal of the gallbladder), appendectomy, gynecological surgeries, and hernia repair. The advantages of minimally invasive surgeries have led to the increase in demand as well as preference for MIS. As ligation devices are used in surgeries, increasing number of surgeries, especially minimally invasive surgeries, is anticipated to fuel growth of the ligation device market during the forecast period.
According to the United Nations Department of Economic and Social Affairs, in 2019, 703 million persons were estimated to be in the age group, 65 years, and the number is projected to double to 1.5 billion by 2050.
The Ligation Device Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Product:
Handheld Instrument and Accessories
Procedure:
Minimally Invasive Surgery and Open Surgery
Application:
Gastrointestinal & Abdominal Applications, Gynecological Applications, Cardiovascular Applications, and Urological Applications
End Users:
Hospitals and Ambulatory Surgical Centers
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
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