The Global Market for Ligation Devices (2019-2024): The Growth Potential in Emerging Economies Presents Lucrative Opportunities - ResearchAndMarkets.com

The "Ligation Devices Market by Product (Hand-held Instruments, Accessories), Procedure (Minimally Invasive & Open Surgery), Application (Gynaecology, GIT, Cardiothoracic, Urology), End User (Hospital, Nursing Homes) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The ligation devices market is projected to reach USD 1,189 million by 2024 from USD 876 million in 2019, at a CAGR of 6.3% during the forecast period.

Growth in this market is mainly driven by the increasing prevalence of diseases requiring surgical treatment, especially minimally invasive surgery (MIS). Emerging economies with growing healthcare expenditures are also expected to provide opportunities for the growth of the market.

Accessories accounted for a significant share of the market in 2018

By product, the ligation devices market is segmented into handheld instruments and accessories. In 2018, the accessories segment accounted for the largest market share.

This segment is also expected to grow at the highest CAGR during the forecast period. The rising procedural volume of gastrointestinal and abdominal surgeries and increasing adoption of MIS are driving the growth of this product segment.

MIS procedures held the majority share in the ligation devices market in 2018

On the basis of procedure, the ligation devices market is segmented into MIS and open surgery. In 2018, the MIS segment accounted for the larger share of the ligation devices market.

The large share of this segment can be attributed to the rising adoption of MIS procedures over open surgical procedures. Additionally, increasing awareness regarding the advantages of MIS over open surgery is also expected to drive market growth.

North America dominated the ligation devices market in 2018

North America, which includes the US and Canada, accounted for the largest share of the ligation devices market. The large share of this market segment can be attributed to the increasing incidence of gastrointestinal diseases. In addition to this, favorable reimbursement policies for MIS procedures in the region are also driving the growth of this market.

Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Currency
1.4 Limitations
1.5 Stakeholders

2 Research Methodology
2.1 Secondary Data
2.2 Primary Data
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Ligation Devices: Market Overview
4.2 North America: Ligation Devices Market, By Product (2018)
4.3 Geographical Snapshot of Ligation Devices Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Minimally Invasive Surgery
5.2.2 Market Restraints
5.2.2.1 High Price of Ligation Devices
5.2.3 Market Opportunities
5.2.3.1 Growth Potential in Emerging Economies

6 Ligation Devices Market, By Product
6.1 Introduction
6.2 Handheld Instruments
6.3 Accessories

7 Ligation Devices Market, By Procedure
7.1 Introduction
7.2 Minimally Invasive Surgery
7.3 Open Surgery

8 Ligation Devices Market, By Application
8.1 Introduction
8.2 Gastrointestinal and Abdominal Applications
8.3 Cardiovascular Applications
8.4 Gynecological Applications
8.5 Urological Applications
8.6 Other Applications

9 Ligation Devices Market, By End User
9.1 Introduction
9.2 Hospitals
9.3 Other End Users

10 Ligation Devices Market, By Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Rest of the World

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis, 2017
11.3 Key Strategies
11.4 Competitive Leadership Mapping (2017)

12 Company Profiles
12.1 Medtronic
12.2 Johnson & Johnson
12.3 The Cooper Companies Inc.
12.4 Conmed Corporation
12.5 B. Braun Melsungen AG
12.6 Teleflex Incorporated
12.7 Olympus Corporation
12.8 Applied Medical Resources Corporation
12.9 Grena Think Medical
12.10 Genicon Inc.

For more information about this report visit https://www.researchandmarkets.com/research/769rhn/the_global_market?w=4

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Related Topics: Surgical Devices

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