Article -> Article Details
Title | Ligation Devices Market Outlook report predicts impressive growth by 2030 just published |
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Category | Fitness Health --> Health Articles |
Meta Keywords | Ligation Devices Market, Ligation Devices Market Size, Ligation Devices Market Industry, Global Ligation Devices Market, Ligation Devices Market Research, Ligation Devices Market Analysis, |
Owner | Vaibhav |
Description | |
Ligation devices are used during
surgeries for closing incisions or to join separated organs/tissue parts. The Ligation
Devices Market Share is expected to reach USD 924.98 Million by
2030 at 5.80% CAGR during the forecast period 2022-2030. Favorable reimbursement policies,
rising healthcare expenditure, an increasing number of surgeries, and growing
research and development expenditures are the factors driving the market
growth. According to the Centers for Disease Control and Prevention in 2017,
Coronary heart disease (CHD) was estimated to be the most common type of heart
disease within the US and was projected to cause 370,000 per
year. However, the high cost of surgery and related side effects are
estimated to restraint the market growth. Major Key
Players: Market Research Future (MRFR) recognizes the Key Ligation Devices Market Players are Medtronic,
Johnson & Johnson, The Cooper Companies, Inc., Conmed Corporation, B. Braun
Melsungen AG, Teleflex Incorporated, Olympus Corporation, Applied Medical
Resources Corporation, Grena Think Medical, Genicon, Inc. Segment Analysis The global Ligation Devices Market Outlook
by product, procedure, application, end user, and region. Regional Analysis Regionally, the global ligation
devices market has been segmented into the Americas, Asia Pacific, Europe, the
Middle East & Africa. The Americas held the largest
market share for ligation devices due to rising health expenditure and the
growing prevalence of chronic diseases. As reported by the Centers for Disease
Control and Prevention in 2018, coronary heart disease (CHD) has been estimated
to be the most common type of heart disease in the U.S. and is expected to
cause 370,000 heart disease per year. Europe held the second position
in the global market for ligation devices in 2018. It can be due to growing
awareness, government funding, the production of technologically advanced
medical devices, and the rising number of surgeries. However, stringent
regulation is expected to hinder the growth of the global market for ligation
devices over the forecast period. The Asia Pacific was the fastest-growing
region on the global market for ligation devices in 2018. Asia Pacific has an
enormous market potential for the market for ligation devices. Factors such as
increasing healthcare infrastructure, developing healthcare industries,
increasing number of surgeries, and rising medical tourism are driving market
growth in the region. Monash University stated that the bariatric surgery
burden in Australia was burgeoning in 2015, and roughly 15,000 surgical
procedures were carried out in the region in the same year. Moreover, the
emergence of developing economies such as India and China are boosting the
market. The Middle East and Africa have
had the least market share in the global market for ligation devices. Factors
such as the existence of poor economies and low per capita income, particularly
in the African region, make the market lag within the region. It is projected
that the Middle East holds most of the regional market due to increased
government funding in the healthcare sector and the presence of developed
economies such as the United Arab Emirates, Saudi Arabia, and others. About Market Research
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