Ligation Devices Market, By Product (Appliers and Accessories), Procedure (Open Surgery and MIS), Application (Gynaecological Surgery, Urological Surgery, Gastrointestinal and Abdominal Surgery, and Cardiothoracic Surgery), and End User, and By Geography (NA, EU, APAC, LATAM and MEA) Analysis, Share, Trends, Size, & Forecast From 2020 2026
- Published Date: 2020-10-13
- Report ID: 1804
- Pages: 190
-
Format:
REPORT HIGHLIGHT
Ligation devices market was valued at USD 872.4 million by 2019, growing with 6% CAGR during the forecast period, 2020-2026
Market Dynamics
Ligation devices are used to join separated tissue/organ parts or closing incisions during surgeries. Increase in healthcare and R&D expenditures, rise in the number of surgeries, and favourable reimbursement policies are the major factors driving the growth of global ligation devices market. According to the CDC, in 2018, coronary heart disease was projected to be one of the most common types of heart disease within the U.S., which was estimated to cause 370,000 per year. Furthermore, a substantial rise in the incidence of aging-related diseases and rising demand for endoscopic procedures are likely to impel the market growth during the forecast period. However, high costs associated with the surgeries and its related side-effects are expected to restrict the market growth in the coming future.
Product Takeaway
Accessories segment held the majority of market share with more than 55% in 2020 and is expected to rise at the fastest pace in the projected timeframe. This rapid growth is mainly due to growing demand for accessories coupled with an increase in the volume of surgical procedures. Clips and removers are the major categories of accessories. The clips are available in different sizes and are extensively used in single procedures.
On the other hand, the appliers segment is projected to subjugate the market during the period of forecast. The appliers are further categorized into reusable and disposable appliers. The appliers products are utilized in both open and minimally invasive surgery.
Application Takeaway
The gastrointestinal & abdominal surgeries segment held the largest market share in 2018 owing to the increasing prevalence of age-related diseases coupled with the growing demand for litigation devices in diagnostic and therapeutic of gastrointestinal procedures. Along with this, the cardiothoracic segment is projected to grow at the fastest rate until 2030. This is mainly attributed to the rising number of surgical procedures coupled with the growing occurrence of heart-related diseases. Patients with atrial fibrillation are frequently recommended 'left atrial appendage closure' procedure. The pericardial ligation does not need an open-heart surgery as it works with the lariat device, which minimizes post-operative complications.
Procedure Type Takeaway
MIS procedures are allied with shorter hospital stays and lower chances of pain, surgical site infection, readmission, and mortality. The primary benefits of this procedure are reduced post-operative costs and quick recovery time. In MIS procedures there is reduced loss of blood and requirement of a small incision, which is helping the market to hold the largest market share during the forecast period. Along with MIS procedures, the open surgery segment is estimated to expand at an impressive pace in the projected timeframe owing to the increase in the number of open-heart surgeries and the rising occurrence of heart diseases.
End Use Takeaway
The hospitals segment dominated the ligation devices market with more than 75% of the revenue share in 2018. The factors driving the segmental market growth include an increase in the number of hospitals, rising healthcare expenditure, and a growing number of procedures. As per AHA (American Hospital Association) statistics, the number of active hospitals in the U.S. in 2017 was around 6,200, which is a rise from 5,534 hospitals in 2016.
Regional Takeaway
Presently, North America is dominating the market owing to the increasing number of procedures and high costs associated with the treatment. This region is estimated to maintain its lead during the forecast period. The Asia Pacific region is projected to be the fastest-growing market throughout the forecast owing to the rising prevalence of gastrointestinal diseases that can be treated by using ligation devices.
Key Vendors of the Market:
Medtronic Plc
The Cooper Companies, Inc.
Johnson and Johnson (Ethicon)
CONMED Corporation
Teleflex Incorporated
B Braun Melsungen AG
Olympus Corporation
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year 2015 to 2018
Base Year 2019
Estimated Year 2020
Projected Year 2026
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL LIGATION DEVICES MARKET, BY PRODUCT
Appliers
o Reusable
o Disposable
Accessories
o Clips
o Clip Remover
GLOBAL LIGATION DEVICES MARKET, BY PROCEDURE TYPE
Open Surgery
MIS
Others
GLOBAL LIGATION DEVICES MARKET, BY APPLICATION
Gynecological Surgery
Cardiothoracic Surgery
Gastrointestinal and Abdominal Surgery
Urological Surgery
Others
GLOBAL LIGATION DEVICES MARKET, BY END USE
Ambulatory Centers
Hospitals
Others
GLOBAL LIGATION DEVICES MARKET, BY REGION
North America
o The U.S.
o Canada
Europe
o Germany
o France
o Italy
o Spain
o United Kingdom
o Rest of Europe
Asia Pacific
o India
o China
o South Korea
o Japan
o Singapore
o Rest of APAC
Latin America
o Brazil
o Mexico
o Argentina
o Rest of LATAM
Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Rest of MEA
TABLE OF CONTENT
1. LIGATION DEVICES MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Procedure Type
2.1.3. Market Snippet by Application
2.1.4. Market Snippet by End Use
2.1.5. Market Snippet by Region
2.2. Competitive Insights
3. LIGATION DEVICES KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. LIGATION DEVICES INDUSTRY STUDY
4.1. Porters Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
4.5. COVID-19 Impact Analysis
4.5.1. Pre-COVID-19 Impact Analysis
4.5.2. Post-COVID-19 Impact Analysis
5. LIGATION DEVICES MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. LIGATION DEVICES MARKET BY PRODUCT
6.1. Overview
6.1.1. Segment Share Analysis, By Product, 2019 & 2026 (%)
6.2. Appliers
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.2.3. Reusable
6.2.3.1. Overview
6.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.2.4. Disposable
6.2.4.1. Overview
6.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.3. Accessories
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.3.3. Clips
6.3.3.1. Overview
6.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
6.3.4. Clip Remover
6.3.4.1. Overview
6.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7. LIGATION DEVICES MARKET BY PROCEDURE TYPE
7.1. Overview
7.1.1. Segment Share Analysis, By Procedure Type, 2019 & 2026 (%)
7.2. Open Surgery
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7.3. MIS
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
7.4. Others
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8. LIGATION DEVICES MARKET BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2019 & 2026 (%)
8.2. Gynecological Surgery
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.3. Cardiothoracic Surgery
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.4. Gastrointestinal and Abdominal Surgery
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.5. Urological Surgery
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
8.6. Others
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9. LIGATION DEVICES MARKET BY END USE
9.1. Overview
9.1.1. Segment Share Analysis, By End Use, 2019 & 2026 (%)
9.2. Ambulatory Centers
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.3. Hospitals
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
9.4. Others
9.4.1. Overview
9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10. LIGATION DEVICES MARKET BY GEOGRAPHY
10.1. Introduction
10.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
10.2. North America
10.2.1. Overview
10.2.2. Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.2.4. North America Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
10.2.5. North America Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.2.6. North America Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.2.7. North America Market Size and Forecast, By Procedure Type, 2015 - 2026 (US$ Million)
10.2.8. U.S.
10.2.8.1. Overview
10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.2.9. Canada
10.2.9.1. Overview
10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3. Europe
10.3.1. Overview
10.3.2. Key Manufacturers in Europe
10.3.3. Europe Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.3.4. Europe Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
10.3.5. Europe Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.3.6. Europe Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.3.7. Europe Market Size and Forecast, By Procedure Type, 2015 - 2026 (US$ Million)
10.3.8. Germany
10.3.8.1. Overview
10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3.9. Italy
10.3.9.1. Overview
10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3.10. United Kingdom
10.3.10.1. Overview
10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3.11. France
10.3.11.1. Overview
10.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.3.12. Rest of Europe
10.3.12.1. Overview
10.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4. Asia Pacific (APAC)
10.4.1. Overview
10.4.2. Key Manufacturers in Asia Pacific
10.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.4.4. Asia Pacific Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
10.4.5. Asia Pacific Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.4.6. Asia Pacific Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.4.7. Asia Pacific Market Size and Forecast, By Procedure Type, 2015 - 2026 (US$ Million)
10.4.8. India
10.4.8.1. Overview
10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4.9. China
10.4.9.1. Overview
10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4.10. Japan
10.4.10.1. Overview
10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4.11. South Korea
10.4.11.1. Overview
10.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.4.12. Rest of APAC
10.4.12.1. Overview
10.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.5. Latin America
10.5.1. Overview
10.5.2. Key Manufacturers in Latin America
10.5.3. Latin America Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.5.4. Latin America Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
10.5.5. Latin America Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.5.6. Latin America Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.5.7. Latin America Market Size and Forecast, By Procedure Type, 2015 - 2026 (US$ Million)
10.5.8. Brazil
10.5.8.1. Overview
10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.5.9. Mexico
10.5.9.1. Overview
10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.5.10. Argentina
10.5.10.1. Overview
10.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.5.11. Rest of LATAM
10.5.11.1. Overview
10.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.6. Middle East and Africa
10.6.1. Overview
10.6.2. Key Manufacturers in Middle East and Africa
10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 - 2026 (US$ Million)
10.6.4. Middle East and Africa Market Size and Forecast, By Application, 2015 - 2026 (US$ Million)
10.6.5. Middle East and Africa Market Size and Forecast, By End Use, 2015 - 2026 (US$ Million)
10.6.6. Middle East and Africa Market Size and Forecast, By Product, 2015 - 2026 (US$ Million)
10.6.7. Middle East and Africa Market Size and Forecast, By Procedure Type, 2015 - 2026 (US$ Million)
10.6.8. Saudi Arabia
10.6.8.1. Overview
10.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
10.6.9. United Arab Emirates
10.6.9.1. Overview
10.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 - 2026, (US$ Million)
11. KEY VENDOR ANALYSIS
11.1. Olympus Corporation
11.1.1. Company Snapshot
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. Medtronic Plc
11.3. The Cooper Companies, Inc.
11.4. Johnson and Johnson (Ethicon)
11.5. CONMED Corporation
11.6. Teleflex Incorporated
11.7. B Braun Melsungen AG
12. 360 DEGREE ANALYSTVIEW
13. APPENDIX
13.1. Research Methodology
13.2. References
13.3. Abbreviations
13.4. Disclaimer
13.5. Contact Us
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