Ligation Devices Market Trends, Size and Growth Analysis By Product (Handheld Instruments, Accessories), Procedure (Minimally Invasive Surgery, Open Surgery), and Application (Gastrointestinal and Abdominal, Gynecological, Urological Applications)—Global Forecast till 2030

Ligation Devices Market Overview

The Ligation Devices Market Market is expected to reach USD 586.12 million by 2030 at CAGR 5.20% during the forecast period 2022-2030

Ligation devices are used for tying a blood vessel with thread or wire. It can be used to manage health conditions such as gastrointestinal appendages, left atrial appendages, hemorrhoid development, and ureteral obstruction. This device is also used for pregnancy management by performing tubectomy and banding oesophagal varices. These usages are driving the market globally. Furthermore, the devices play a major role in performing critical surgeries. It reaches a specific area for performing the surgeries where other instruments cannot enter.

The growing concern among the public related to angiodysplasia, protuberant gastrointestinal lesions, and gastric variceal will lead the market to generate higher revenues in the forecast period. Development in minimally invasive procedures through ligation accessories will accelerate the market's demand in the future days. The increased rate of diseases and other conditions is highly demanding for ligation devices. Moreover, the higher investment in healthcare for treatments like cardiovascular diseases will market towards robust growth opportunities.

Ligation Devices Market Segmentation

The global ligation devices market is segmented based on product, procedure, application, end user, and region.

On the basis of product, the market is segmented into handheld instruments and accessories. Based on procedure, the market is segmented into minimally invasive surgery and open surgery. The application segment is segmented into gastrointestinal and abdominal applications, cardiovascular applications, gynecological applications, urological applications, and others. Based on the end user, the market is segmented into hospitals & clinics, ambulatory surgical center, and others.

Regional Market Summary

Sources:

The Americas dominated the global market of ligation devices owing to increasing healthcare expenditure, and the rising incidence of chronic diseases. According to the Centers for Disease Control and Prevention in 2018, Coronary heart disease (CHD) was estimated to be the most common type of heart disease within the U.S. and was projected to cause 370,000 per year.

In 2018, it was estimated that Europe stood second in the global healthcare litigation devices market. This can be attributed due to the increasing awareness, government support, development of technologically advanced medical products, and growing number of surgeries. However, strict regulation is the factors expected to hamper the growth of the global ligation devices market over the forecast period.

Asia-Pacific was the fastest growing region for the global ligation devices market in 2018. Asia-Pacific has a huge market potential for the ligation devices market. Factors such as increasing healthcare infrastructure, developing healthcare industries, increasing number of surgeries and rising medical tourism drives the market growth within the region. Monash University stated that bariatric surgery burden in Australia was burgeoning in 2015 and within the same year approximately 15,000 surgical procedures were performed in the region. Moreover, the presence of developing economies like India and China boosts the market.

On the other hand, the Middle East and Africa held the least share in the global ligation devices market. Factors such as the presence of poor economies and low per capita income, especially within the African region make the market to lag within the region. It is estimated that most of the regional market is held by the Middle East due to increasing government funding in the healthcare, and presence of developed economies such as the United Arab Emirates, Saudi Arabia, and others.

Key Players

Some of the key players in the global ligation devices market are Medtronic, Johnson & Johnson, The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation, Applied Medical Resources Corporation, Grena Think Medical, Genicon, Inc., and others. 

Research Methodology

Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analyzing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.

Primary Research

Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report, we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.

Secondary Research

Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and commercial study of the global ligation devices market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases, and many others.Recent Development

In February 2022

Element Biosciences Partners partnered with Dovetail Genomics to validate Proximity Ligation-Based NGS Library Prep Solutions for Epigenetics on Element's AVIT System.

This will unlock the genomic structure's access and enable science in cancer research, conservation epigenetics, developmental biology, and evolutionary biology. Using NGS approaches, Dovetail Genomics' products and services can capture the 3D genome architecture and primary sequence.

In August 2021

Healthium's product includes hemostats, gloves, ligation clips, needles, a patented arthroscopy portfolio, surgical sutures, a urology portfolio, hernia meshes, surgical staplers, and other wound closure devices. This Company holds 60 patents in India and US.

Healthium, a world leader in medical devices, announced the acquisition of the AbGel gelatin sponge business from Shri SGK Labs. This has added a focus on surgical and post-surgical care. Earlier this financial year, the Company acquired VitalCare Group in the UK to add a urology portfolio and expand the market in regions of Europe and the US.

Intended Audience

• Pharmaceutical companies


• Government and private laboratories


• Research and Development (R&D) companies


• Market research and consulting service providers

Segmental Overview

Ligation Devices Market, by Product

• Handheld Instruments


• Accessories

Ligation Devices Market, by Procedure

• Minimally Invasive Surgery


• Open Surgery

Ligation Devices Market, by Application

• Gastrointestinal and Abdominal Applications


• Cardiovascular Applications


• Gynecological Applications


• Urological Applications


• Others

Ligation Devices Market, by End User

• Hospitals & Clinics


• Ambulatory Surgical Center


• Others

Ligation Devices Market, by Key Players

• Medtronic


• Johnson & Johnson


• The Cooper Companies, Inc.


• Conmed Corporation


• Braun Melsungen AG


• Teleflex Incorporated


• Olympus Corporation


• Applied Medical Resources Corporation


• Grena Think Medical


• Genicon, Inc.


• Others