What is Global Ligation Device Market?
The Global Ligation Device Market is a vast and dynamic sector that encompasses a wide range of medical devices used in surgical procedures. These devices are primarily used to bind or tie off blood vessels to prevent bleeding during surgical procedures. The market is driven by the increasing prevalence of diseases requiring surgical intervention, advancements in technology, and the growing preference for minimally invasive surgeries. The ligation devices are available in various types, including handheld devices and powered devices, and are made from different materials such as polymer and metallic materials. The choice of device depends on the type of surgery and the surgeon's preference. The market is further segmented based on the type of surgery, such as minimally invasive surgery and open surgery.
Polymer Material, Metallic Material in the Global Ligation Device Market:
The Global Ligation Device Market is divided into two main segments based on the material used: Polymer Material and Metallic Material. Polymer ligation devices are made from medical-grade polymers that are biocompatible and safe for use in the human body. These devices are lightweight, flexible, and easy to handle, making them a popular choice for many surgeons. On the other hand, metallic ligation devices are made from various metals or alloys. These devices are robust, durable, and can withstand high temperatures, making them suitable for sterilization. However, they are heavier and less flexible than their polymer counterparts. The choice between polymer and metallic ligation devices depends on the type of surgery, the surgeon's preference, and the patient's condition.
Minimally Invasive Surgery, Open Surgery in the Global Ligation Device Market:
The Global Ligation Device Market finds its application in two main areas: Minimally Invasive Surgery and Open Surgery. In Minimally Invasive Surgery, small incisions are made, and the ligation device is used to tie off blood vessels, reducing the risk of bleeding. This type of surgery is preferred as it causes less pain, results in fewer scars, and has a shorter recovery time. On the other hand, in Open Surgery, a large incision is made to access the surgical site, and the ligation device is used to control bleeding. While this type of surgery is more invasive, it allows for a more direct approach to the surgical site. The choice between minimally invasive surgery and open surgery depends on the type of disease, the patient's condition, and the surgeon's expertise.
Global Ligation Device Market Outlook:
The Global Ligation Device Market is a rapidly growing sector. In 2022, the market was valued at US$ 999.5 million. It is projected to reach a value of US$ 1372.4 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing prevalence of diseases requiring surgical intervention, advancements in technology, and the growing preference for minimally invasive surgeries. The market's growth is also driven by the continuous development and introduction of new and advanced ligation devices by key market players. These factors are expected to continue driving the market's growth in the coming years.
| Report Metric | Details |
| Report Name | Ligation Device Market |
| Accounted market size in 2022 | US$ 1263 million |
| Forecasted market size in 2029 | US$ 2212 million |
| CAGR | 8.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Teleflex Medical, Grena, Medtronic, Johnson & Johnson, B. Braun, Sanlian Xinghai, Welfare Medical, Conkey Medical, Holy Stone Technology, Tonglu Zhouji Medical Equipment, Prius Star (Changzhou) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
