Ligation Devices Market 2020-2025 Disclosing Latest Advancement and Demand

(MENAFN- Ameliorate Solutions)

Ligation is the process of sealing an incision during surgery or to join separated organs or tissue parts. Ligation devices are used for open surgical procedures as well as laparoscopic operations. This report is segmented by Product, by Procedure, by Application, and by Geography.

The report presents an in-depth assessment of the Global Ligation Devices including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Ligation Devices investments from 2020 till 2025.

The ligation devices market studied was predicted to grow with a CAGR of nearly 6.5% during the forecast period. The major factors propelling the growth of the ligation devices market are the high prevalence of cardiovascular and urological diseases, an increasing number of minimally invasive procedures and bariatric surgeries. According to a survey conducted by European Heart Network in 2017, 3.9 million deaths in Europe are due to cardiovascular diseases. As the incidence of the diseases which require minimally invasive surgeries increases the growth of the ligation market increases. Furthermore, favorable compensation policies, increasing healthcare expenditure and growing research and development expenditures are the other factors driving the market growth. However, the high cost of the ligation instruments and the accessories is the major restraint to the growth of the market.

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Top Leading Manufactures-

Johnson & Johnson, Medtronic plc, Teleflex Incorporated, Olympus Corporation, Applied Medical, CONMED Corporation, CooperSurgical Inc., Progressive Medical, Inc., Grena Think Medical, B. Braun Melsungen AG

Accessories Segment of the Ligation Devices Market Holds the Major Share.

- The ligation accessories segment by-product is expected hold the largest market share over the forecast period.
- The rising gastrointestinal and abdominal procedures, increasing trend of minimally invasive surgeries(MIS) are the major factors for the growth of this segment. MIS procedures have gained widespread clinical recognition because of their advantages over open surgeries, such as fewer incisions, a smaller number of postoperative complications, faster recovery, fewer scars and blood loss, and greater patient outcomes. The increasing awareness as regards to the advantages of minimally invasive surgeries over open surgery is also expected to drive market growth.
- According to the American College of Cardiology (2017), Cardiovascular disease accounts for the 800,000 deaths in the United States, as the incidence of diseases that require surgeries to increase the growth of the market increases.

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North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall ligation devices market, throughout the forecast period. The ligation devices market in the region is propelled by an increase in the prevalence of urological diseases such as chronic kidney diseases and cardiovascular diseases. According to the National Center for Chronic Diseases Prevention and Health Promotion, the United States had 30 million citizens suffering from chronic kidney diseases in 2017. The other factors driving the market growth are the presence of key players, established healthcare infrastructure. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth.

– Key Strategic Developments : The study also includes the key strategic developments of the market, comprising R & D, new product launch, M & A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

– Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

– Analytical Tools: Global Ligation Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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