Global Ligation Devices Market Report: By Product (Handheld Instruments, Accessories), Procedure (Minimally Invasive Surgery, Open Surgery), and Application (Gastrointestinal and Abdominal, Gynecological, Urological Applications)—Global Forecast till 2024 Market HighlightsLigation devices are used during surgeries for closing incisions or to join separated organs/tissue parts.
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.The global ligation devices market trends is expected to register a CAGR of 6.7% during the forecast period of 2019 to 2024.Market Research Future (MRFR) recognizes the following companies as the key players in the global Ligation Devices Market that includes 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.Request Free Sample @ https://www.marketresearchfuture.com/sample_request/7794 Regional AnalysisThe Americas dominated the global ligation devices market in 2018.
Moreover, the presence of developed economies (Germany, France, UK) boosts the market growth.Asia-Pacific was the fastest growing region for the global ligation devices market in 2018.
According to the Indian Brand Equity Foundation in 2017, the Indian healthcare sector was estimated to be one of the fastest growing industries and is estimated to reach USD 280 billion by 2020 with a CAGR of 22.87% from 2015.On the other hand, the Middle East and Africa held the least share in the global ligation devices market.
Factors such as the presence of poor economies and low per capita income, especially within the African region make the market to lag within the region.Key PlayersSome of the key players in the global ligation devices market 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., and others.SegmentationThe global ligation devices market is segmented based on product, procedure, application, end user, and region.On the basis of product, the market is segmented into handheld instruments and accessories.