Data Bridge Market Research analyses that the ligation devices market is to grow at a CAGR of 6.88% in the forecast period of 2022-2029 and is likely to reach USD 1.57 billion by 2029.

On the other hand, the high cost associated with the devices and the lack of skilled professionals will obstruct the market growth. Also, side effects of tubal ligation surgery such as pelvic or abdominal pain will challenge the ligation devices market. However, the dearth of awareness will act as restrain and further impede the growth rate of the market.

Market Insights

Ligation is a surgical operation that involves tying a ligature around a bodily duct, tube, or blood artery. Endoscopic ligation is an efficient treatment for protuberant lesions and is commonly used to treat esophageal hemorrhage, gastric varices, and angiodysplasia. It is a viable approach for eliminating lesions in the upper gastrointestinal tract. It also lowers the chances of complications including perforation and bleeding.
Moreover, the rise in the number of research and development activities associated with ligation devices and the production of innovative, small laparoscopic instruments will provide beneficial opportunities for the ligation devices market growth. Additionally, the increasing demand from emerging markets and the rise in the number of government initiatives to spread awareness about the benefits associated with these devices will further expand the ligation devices market’s growth rate in the future.

Industry Segmentation

The ligation devices market is segmented on the basis of product, procedure, applications, and end-users. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with a valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.

On the basis of product, the ligation devices market is segmented into handheld instruments, appliers, and accessories. The segment of applier is further segmented into disposable and reusable. The segment of accessories is further segmented into clips and clips remover.
Based on procedure, the ligation devices market is segmented into minimally invasive surgery and open surgery.
Application segment of the ligation devices market is bifurcated into gastrointestinal and abdominal applications, cardiovascular applications, gynecological applications, urological applications, and other applications.
Ligation devices market has been segmented into hospitals, ambulatory surgical centers, and others on the basis of end users.

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Market Country Level Analysis

The countries covered in the ligation devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ligation devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the rising patient population and enhancement in healthcare infrastructure in this region.

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Industry Share Analysis

Some of the major players operating in the ligation devices market are

surgical, Medtronic, Medical Devices Business Services, Inc., The Cooper Companies Inc., CONMED Corporation., B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation, Applied Medical Resources Corporation, Lotus Surgicals, Grena Ltd., Coloplast Corp., BIOTRONIK SE Co KG, Cardinal Health, BD, pfm medical ag, Medtronic, Boston Scientific Corporation, Teleflex Incorporated, Cook, ARGON MEDICAL, Olympus Corporation, B. Braun Melsungen AG, UreSil, LLC, Putnam Plastics, Qosina, AngioDynamics, Medical Components, Inc., Abbott, Merit Medical Systems, Fluortek, Baylis Medical Company, Inc, Koninklijke Philips N.V., and Medikit co., ltd., among others.

Major TOC Of the Report

Chapter One: Introduction
Chapter Two: Industry analysis
Chapter Three: Market Overview
Chapter Four: Industry segmentation
Chapter Five: Industry share analysis

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