Global Ligation Device Market By Product (Accessories and Appliers), By Application (Gastrointestinal and Abdominal Surgery, Cardiothoracic Surgery, Gynecological Surgery, Urological Surgery, and Other Applications), By End-Use (Ambulatory Surgical Centers, and Hospitals), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Ligation Device Market Overview:

Global ligation device market was worth USD 1,009.24 million in 2021. It is projected to grow at a CAGR of 6.24% between 2023 and 2032.

The market is expected to grow due to an increase in minimally invasive and surgical procedures. Market growth is also being driven by an increasing number of gynecological and urological procedures that require ligation devices to diagnose and treat. The market is also driven by the significant increase in the incidence of age-related diseases and the rise in demand for endoscopic procedures that require ligation devices.

Global Ligation Device Market Analysis:

Product Analysis

Accessories accounted for more than 53% of the market and will continue to grow at the fastest rate during the forecast period. Clip removers and clips are further sub-segments of the accessories market. In 2021, the segment of the clip was dominant and will continue to grow at a rapid pace. This segment is expected to grow due to the availability of clips in different sizes and multiple uses in single procedures.

The appliers segment has a significant market share and is expected to grow at a CAGR of 5.89% over the forecast period. This segment can be further divided into disposable and reusable appliers. The largest market share is held by reusable appliers. This is mainly due to their use in minimally invasive as well as open surgery.

Application Analysis

In 2021, the abdominal and gastrointestinal surgery segments hels a significant market share. This market will continue to be dominant over the forecast period. Market size is due to the rising incidence of age-related illnesses and rising demand for ligation equipment in therapeutic and diagnostic gastrointestinal procedures.

Due to an increase in heart-related conditions and a greater number of procedures, the cardiothoracic segment will expand at the fastest rate of CAGR over the forecast period. Open surgery can also use ligation devices, such as to repair a damaged heart valve or bypass blocked arteries. The market is also growing with non-invasive heart surgery. Left atrial appendage closing is a common procedure recommended for patients with atrial fibrillation. Pericardial ligation works with the lariat device and doesn’t require open-heart surgery. This minimizes post-operative complications. These factors will likely propel growth.

End-Use Analysis

The hospital segment is driven by increasing procedures, rising healthcare spending, and a growing number of hospitals. According to the American Hospital Association, there were 6,315 hospitals in America in 2020.

The segment Ambulatory Surgical Centers, (ASCs), also accounted for a significant market share in 2021. This segment is expected to see a high CAGR over the forecast period. The high growth is due to an increase in outpatient procedures and the rising use of minimally invasive surgery, which doesn’t require longer hospital stays.

Key Market Segments:

By Product

• Appliers
  • Reusable
  • Disposable
• Accessories
  • Clips
  • Clip Remover

By Application

• Gastrointestinal and Abdominal Surgery
• Cardiothoracic Surgery
• Gynecological Surgery
• Urological Surgery
• Other Applications

By End-Use

• Ambulatory Surgical Centers
• Hospitals

Market Dynamics:

Ligation refers to the surgical procedure of attaching a ligature to a blood vessel, duct, or tube in the body. Endoscopic ligation can be used to treat protuberant lesions. It is also widely used for managing bleeding esophageal and gastric varices and angiodysplasia. It can be used to remove upper gastrointestinal lesions. It reduces the chance of complications such as perforation and hemorrhage.

Market growth is also expected to be driven by factors such as government initiatives and increased healthcare spending for digestive system-related diseases. Hepatitis, esophageal disease, biliary disorders, and abdominal pain were the top three categories of healthcare spending. Each year, there are 41 million ambulatory visits to the U.S. for GI diseases.

Geriatrics are more likely to develop chronic conditions and digestive problems. The market for ligation devices will see a significant increase in geriatrics. The high adoption rate for minimally invasive surgery, especially for geriatric patients, is expected to increase the market’s growth.

Regional Analysis:

Due to rising costs and an increasing number of procedures, North America was the dominant market in 2021. The U.S. dominated the regional market with a 40% share. Market growth is also being driven by increased government spending and the presence of key players.

The Asia Pacific will experience the fastest growth rate during the forecast period. This is due to an increasing number of gastrointestinal diseases that can be treated with minimally invasive techniques using ligation devices. These devices can be used in many endoscopic procedures. Many Asian companies are focusing their efforts on developing GI specialized products, and they are targeting emerging markets.

Кеу Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Companies & Market share Analysis:

To provide superior services to Ligation Device patients, the players are focusing their efforts on new product launches. Medtronic Plc announced in August 2019 that its two product codes FFL112-ligation clip application lies and FF107-ligation clip applier were re-available.

Key Market Players:

• Medtronic Plc
• Johnson and Johnson (Ethicon)
• The Cooper Companies Inc.
• CONMED Corp.
• B Braun Melsungen AG
• Teleflex Inc.
• Olympus Corp.
• Other Key Players

For the Ligation Devices Market research study, the following years have been considered to estimate the market size: