Ligation Devices Market Size, Share, Trends, Growth, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

Vision Research Reports predict, the global ligation devices market size surpassed at US$ 914.2 million in 2019 and to reach US$ 1.4 bilion by 2027 with at a CAGR of 6.1% from 2020 to 2027.

Increase in the number of minimally invasive surgical procedures performed is anticipated to drive the global ligation devices market in the near future.

Ligation is used to close or re-join a wound or an area of operation, such as a vessel, a nerve, or tissue. A variety of sutures and clips as well as suture needles and ligating instruments are available. Ligation is used in cardiovascular, ophthalmic, and neurological procedures. It may be used to effect hemostasis or to close off a structure to prevent leakage. It is necessary to ligate a blood vessel or tissue grasped in a hemostatic clamp to achieve hemostasis in the operative field. The safety of clips used in ligation is mainly achieved by deep indentation of the metal bar with a high retention force. Safety concerns have prompted a tremendous advance in vessel ligation devices.

In terms of product, the global ligation devices market has been segmented into ligation devices and accessories. The accessories segment captured the largest market share in 2019. The segment is expected to expand at the highest CAGR during the forecast period, owing to rise in need & demand for diagnosis by patients. Based on surgery, the global ligation devices market has been divided into minimally invasive surgery and open surgery. The minimally invasive surgery segment captured the largest market share in 2019.

Non-absorbable Polymer Clips Support Brain Scanning and Tumor Monitoring

Companies in the ligation devices market are increasing their production capabilities to develop devices made from implantable and non-absorbable polymers for tissue/vessel ligation. For instance, the U.K.-based medical device innovation company has an extensive portfolio in vascular products involving their VascuLok ligating polymer clip, which embodies non-erosive attributes for delicate tissue ligations. As such, the revenue of gynecological surgeries is estimated to reach the highest amongst all applications in the ligation devices market.

Novel non-absorbable polymer clips are pervasively replacing traditional thin metal clips that result in issues such as tissue damage and significant MRI/CT artefacts in scanning procedures for cancer surgery or neurosurgery. Advantages of ligation devices made with non-absorbable polymer clips are benefitting healthcare providers that help to secure fastening through integrated locking system. Companies in the market for ligation devices are increasing their production capacities to manufacture non-metallic clips that reduce incidence of MRI/CT artefacts and results in better brain scanning and tumor monitoring.

Companies Overcome Issue of Negative Tissue Responses with Absorbable Polymer Ligation Devices

Permanent surgical sutures and other non-absorbable devices such as clips, cable ties, and staples are extensively used in various ligation applications. However, these devices may lead to issues such as negative tissue responses, resulting in infection, inflammation, and scar tissue formation. Hence, companies in the ligation devices market are innovating in devices made from absorbable polymers. For instance, Poly-Med Inc.— a biotechnology company in South Carolina, joined forces with Resorbable Devices AB, a specialist in surgical implants and resorbable polymers to develop LigaTie®, a device made from absorbable polymer and used in surgical procedures. As such, the revenue of minimally invasive surgical procedures is higher than that of open surgeries.

Prominent Regions

North America held a major share of the global ligation devices market in 2019. Highly structured healthcare industry, presence of key players, and growth strategies of these players are the major factors driving the market in the region. Rise in awareness about benefits of procedures and increase in healthcare expenditure also contribute to the growth of the market in North America. Asia Pacific held the second largest share of the global ligation devices market in 2019. Growth of the ligation devices market in the region can be attributed to rise in prevalence of chronic diseases and well-developed healthcare sector in the region. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period. Increase in number of people with cardiovascular diseases, product approvals, and rise in awareness about cardiovascular diseases, which ultimately leads to regular checkup and diagnosis, are factors anticipated to fuel the growth of the ligation devices market in the region.

Prominent players operating in the global ligation devices market include 

  • Ethicon (Johnson & Johnson)
  • Medtronic Plc
  • B. Braun Melsungen AG
  • CONMED Corporation
  • Teleflex Incorporated
  • Olympus Corporation
  • Applied Medical
  • Genicon, Inc.
  • Grena Think Medical
  • Stryker

Market Segmentation

By Product

  • Ligation Devices
  • Accessories

By Surgery Type

  • Minimally Invasive Surgery
  • Open Surgery

By Application

  • Gynecology Surgery
  • Urological Surgery
  • Cardiovascular Surgery
  • Others

By End User

  • Hospitals & Clinics
  • Specialty Centers
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of the Europe
  • Asia Pacific     
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Report Scope

The Ligation devices market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Ligation devices market for the base year 2020 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Ligation devices market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ligation devices market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ligation devices market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Ligation devices capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Ligation devices by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ligation devices market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ligation devices market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ligation devices market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Ligation devices industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Ligation devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ligation devices market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ligation devices market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ligation devices market. These factors have benefited the growth of the global market for Ligation devices. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ligation devices. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Ligation devices are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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