Global Ligation Devices Market

Ligation Devices Market Size, Share, Growth Analysis, By Application(gastrointestinal and abdominal applications, cardiovascular applications, gynaecological applications, urological applications), By Product(handheld instruments, applications, and accessories), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A2198 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 65 | Figures: 75

Ligation Devices Market Insights

Ligation Devices Market size was valued at USD 1.06 Billion in 2023 and is poised to grow from USD 1.12 Billion in 2024 to USD 1.8 Billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).

Ligation is a surgical procedure that involves wrapping a ligature around a body duct, tube, or blood vessel. Endoscopic ligation is an effective treatment for protuberant lesions and is widely used to manage bleeding esophageal, gastric varices, and angiodysplasia. It is a viable treatment option for upper gastrointestinal lesions. It also lowers the risk of complications like perforation and haemorrhage.

The increase in surgical and minimally invasive procedures is expected to drive the growth. The growing number of gastrointestinal, gynaecological, urological, and cardiac surgery procedures that require ligation devices for diagnosis and treatment is also driving the market.

Furthermore, there has been a significant increase in the prevalence of aging-related diseases, as well as an increase in the demand for endoscopic procedures. Furthermore, the increase in the number of research and development activities associated with ligation devices, as well as the production of innovative, small laparoscopic instruments, will provide favourable opportunities for the growth of the ligation devices market.

Furthermore, rising demand from emerging markets, as well as an increase in the number of government initiatives to raise awareness about the benefits of these devices, will drive the growth rate of the ligation devices market in the future.

On the other hand, the high cost of the devices and the scarcity of skilled professionals will stymie market growth. Side effects of tubal ligation surgery, such as pelvic or abdominal pain, will also pose a challenge to the market for ligation devices. However, a lack of awareness will act as a restraint, slowing the rate of growth even further.

US Ligation Devices Market  is poised to grow at a sustainable CAGR for the next forecast year.

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Ligation Devices Market size was valued at USD 1.06 Billion in 2023 and is poised to grow from USD 1.12 Billion in 2024 to USD 1.8 Billion by 2032, growing at a CAGR of 6.1% during the forecast period (2025-2032).

There are several significant companies in the market for ligation devices, which are moderately consolidated. To increase their market share, the majority of the main players are concentrating on expanding their businesses in emerging nations. Johnson & Johnson, Medtronic plc, Teleflex Incorporated, Olympus Corporation, Applied Medical, ConMed, Cooper Surgical, and B. Braun are a few of the industry participants. 'Medtronic Plc', 'Ethicon US LLC (a subsidiary of Johnson & Johnson)', 'Olympus Corporation', 'B. Braun Melsungen AG', 'Teleflex Incorporated', 'Applied Medical Resources Corporation', 'CONMED Corporation', 'CooperSurgical Inc.', 'Grena Ltd.', 'Boston Scientific Corporation', 'Cook Medical LLC', 'EndoEvolution LLC', 'Genicon Inc.', 'Smith & Nephew Plc', 'Stryker Corporation', 'The Weck Company', 'Unimicro Medical Systems Co. Ltd.', 'Constance Medical Technologies', 'IMMI SA', 'Fortimedix Surgical'

Over the projected period, the by-product from the ligation accessories sector is anticipated to hold the biggest market share. The main drivers of this segment's growth are the increase in gastrointestinal and abdominal treatments as well as the move toward minimally invasive surgeries (MIS).

The market will develop in the next few years as a result of rising healthcare spending, which may be utilized to treat numerous cardiovascular diseases and other conditions. Additionally, a rise in the demand for minimally invasive procedures that use ligation devices and related accessories will probably offer the market expansion opportunity in the years to come.

On the basis of region, Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America dominated the market in 2021 as a result of growing expenses and a rise in the number of procedures. With a 40% stake, the U.S. controlled the local market. In addition, rising government investment and the presence of major companies are driving market expansion. During the forecast period, the Asia Pacific region's growth rate will be the fastest. This is because there are more and more gastrointestinal conditions that may be handled with the use of ligation devices and minimally invasive procedures. Numerous endoscopic procedures can make use of these gadgets. Many Asian businesses are concentrating their efforts on creating GI-specific products with an eye toward new markets.

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Global Ligation Devices Market

Report ID: SQMIG35A2198

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