With the emergence and long-term Impact of COVID-19, Global Ligation Devices Market to reach USD XXX Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Ligation Devices Market points towards a potential rise to USD XXX Million by 2030. Ligation devices, also known as legators, are medical instruments used in surgical procedures to ligate (tie off) blood vessels or other structures. The purpose of ligation is to occlude or close off the vessel or structure, preventing bleeding or controlling the flow of fluids. Ligation devices are commonly used in various surgical specialties, including general surgery, cardiovascular surgery, gynecology, and orthopedic surgery. The Ligation Devices market is expanding because of factors such as the rise in the prevalence of cardiovascular & urological diseases, the increasing number of minimally invasive procedures.
Geographically, the global Ligation Devices market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the increasing disease prevalence, the presence of key market players, and rising healthcare expenditure for research and development activities. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising demand for non-invasive surgeries, rising prevalence of diseases, an increase in the number of collaborations for laser technology development, and geographic expansion of key players in the region.
The global Ligation Devices market is highly competitive owing to the presence of several key players such as Johnson & Johnson Medtronic plc Teleflex Incorporated Olympus Corporation Applied Medical Distribution Corporation CONMED Corporation CooperSurgical Inc. Progressive Medical, Inc. Grena Ltd B. Braun Group, and others.
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Key findings of the study suggest:
- Global Ligation Devices Market is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030.
- In the Product segment, Hand-held Instruments emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the increasing disease prevalence, the presence of key market players, and rising healthcare expenditure for research and development activities.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Hand-held Instruments
- Accessories
By Procedure:
- Minimally Invasive
- Open Surgery
By Application:
- Gynaecology
- Cardiovascular Applications
- Gastrointestinal and Abdominal Applications
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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