Ligation Devices Market Projections & Future Opportunities Recorded for the Period

(Comserve via Comtex)

Japan, Japan, Thu, 22 Jul 2021 05:52:45 / Comserve Inc. / -- Ligation Devices Market :Global Size, Share, Trends, Forecast, Growth, Key Players, Market Segments & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)

"The report on Ligation Devices Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter's five forces.

Download Sample of This Strategic Report:

Ligation Devices Market: Overview

  • According to the latest research report on the global ligation devices market for the historical period (2018-2019) and the forecast period (2020-2028), increase in the number of minimally invasive surgical procedures performed is anticipated to drive the global ligation devices market in the near future
  • According to the report, the global ligation devices market was valued at US$ 913.6 Mn in 2019 and is projected to expand at a CAGR of 6% from 2020 to 2028

Increase in Number of Minimally Invasive Surgical Procedures Performed: A Key Driver

  • Ligation devices have been extensively utilized for minimal invasive surgeries in the field of gynecology, vascular disease, general surgery, laparoscopic procedures, and flexible endoscopic procedures
  • Minimally invasive surgery has been a highly preferred method of treatment in the last few years among healthcare providers across the world
    • According to the American Congress of Obstetricians and Gynecologists (ACOG), the percentage of minimally invasive hysterectomy procedures performed in the U.S. has increased from an estimated 14% in 2004 to 53% in 2013
  • Introduction of robot-assisted surgery has also driven the number of laparoscopic surgeries performed for different surgeries such as prostatectomy, colorectal cancer, and hernia repair
    • According to the American Society of Plastic Surgeons, an estimated 20 million surgical procedures were performed across the world in 2014, and 52% of these were minimally invasive surgeries
  • Increase in the number of laparoscopic surgeries performed each year is expected to drive the demand and subsequent consumption of ligation devices in the global market. This, in turn, is expected to propel the global ligation devices market during the forecast period.

Rise in Government Initiatives to Increase Access to Elective Surgery

  • Elective surgery is defined as a surgery subject to choice of a patient and does not involve medical emergency. Governments across the world have been actively supporting elective surgeries and investing for granting easy access to patients opting for these surgeries.
  • Increase in incidence of chronic diseases and rise in number of people undergoing surgeries is exerting financial and technological pressure on healthcare systems across the world, which is augmented by a lack of hospital beds and other resources
  • Therefore, regional governments are undertaking initiatives, such as funding and grants to various hospitals and organizations, to improve access to elective surgeries in order to reduce waiting times and indirect healthcare costs associated with medical emergencies
  • This is expected to propel the demand for ligation devices during the forecast period

High Cost of Ligation Devices to Hamper Global Market

  • High price of ligation and other surgical devices in the healthcare industry exert a lot of burden on individuals and the health care system, as they struggle to bear the expenses to cover some of today's highly expensive procedures
  • Insurance companies and government programs cover a portion of the expenses for patients. Individuals without health insurance face an even greater burden, making the rising cost of health care a big concern for everyone involved.
  • In the U.S., medical devices expenditure amounted to over US$ 170 Bn and accounted for about 6% of total national health expenditures of US$ 2.9 Trn in 2013
  • The cost of medical devices sold in the U.S., especially implantable devices, is often greater than in that in other countries
  • Thus, the high cost of the ligation devices can restrain the market

Stringent Regulatory Requirements for Device Approvals and Product Recalls

  • Stringent regulatory requirements and long procedure for FDA approval have discouraged manufacturers of ligation devices in the U.S., who are looking at regions such as Europe and Asia to launch newer products
  • Moreover, a large number of ligation device recalls has had a significant effect on the sales of ligation devices and accessories in the market
    • In 2013, a class II recall was issued for SurgMaster electrosurgical unit, manufactured by Olympus

Ligation Devices Market: Competition Landscape

  • This report profiles major players operating in the global ligation devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global ligation devices market is moderately fragmented, with the presence of a few large players in the international market and numerous small players in regional markets. The top four to five players hold major share of the global ligation devices market.
  • 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
  • The report on the global ligation devices market discusses individual strategies, followed by company profiles of manufacturers of ligation devices. The 'competition landscape' section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global ligation devices market.

Ligation Devices Market- Scope of the Report

The report on the global ligation devices market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2028. The report provides the revenue of the global ligation devices market for the period 2018-2028, considering 2019 as the base year and 2028 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global ligation devices market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players' device literature, annual reports, press releases, and relevant documents to understand the global ligation devices market.

Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global ligation devices market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the global ligation devices market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global ligation devices market.

The report delves into the competitive landscape of the global ligation devices market. Key players operating in the global ligation devices market have been identified, and each one of them has been profiled for their distinguishing business attributes. Company overview, financial standings, recent developments, and SWOTs are some of the attributes of players in the global ligation devices market that have been profiled in this report.

Key Questions Answered in the Ligation Devices Market Report

  • What is the scope of growth of devices and its companies in the ligation devices and its application sector?
  • What will be the Y-o-Y growth of the global ligation devices market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global ligation devices market?
  • Will North America continue to be the most profitable regional market for global primary immunodeficiency therapy providers?
  • Which factors will impede the growth of the global ligation devices market during the forecast period?
  • Which are the leading companies in the global ligation devices market?

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global ligation devices market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the global ligation devices market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, device portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the study on the global ligation devices markets primary sources.

These primary and secondary sources have provided exclusive information during interviews, which serves as a validation from ligation devices market leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global ligation devices market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in reaching the estimates on future prospects of the global ligation devices market more reliably and accurately.

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Table of Content
1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Ligation Devices Market

4. Market Overview

4.1. Introduction

4.1.1. Type Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Ligation Devices Market Analysis and Forecast, 2018-2028

4.4.1. Market Revenue Projections (US$ Mn)

4.5. Porter's Five Force Analysis

5. Key Insights

5.1. Value Chain Analysis of Key Vendors & Distributors

5.2. Winning Imperatives: Top Companies

5.3. Regulatory Scenario

For more information about this report visit: Ligation Devices Market"

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