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Ligation Devices Market Trends

  • Report ID: GMI3536
  • Published Date: May 2023
  • Report Format: PDF

Ligation Devices Market Trends

Increasing preference for minimally invasive procedures is anticipated to proliferate the industry outlook. In minimally invasive procedures, healthcare professionals use a broad range of techniques to perform surgical procedures with minimal damage to the patient’s body, in comparison with the conventional surgery approach. Usually, a minimally invasive surgery is related with less postoperative pain, shorter duration of hospital stays, and less blood loss. An additional benefit for growing preference of minimally invasive surgeries presents lower probability of infection and surgical complications as compared to invasive procedure. As a result, the patient demand for minimally invasive surgery is rising due to the benefits such as reduced risk, smaller incisions, less pain, and faster recovery process.
 

Moreover, ongoing developments have favoured the evolution of surgical procedures that incorporate ligation devices and are associated with a less invasive nature in the treatment of related ailments. Also, the rising preference and awareness pertaining to minimally invasive procedures among the exponentially growing geriatric population is expected to augment the market progression.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global Ligation Devices Market was valued at USD 1 billion in 2022 and will accrue over USD 1.8 billion by 2032 as a result of an increase in surgical procedures, especially minimally invasive procedures.

The ligation devices market from the accessories segment accounted for the highest revenue share of over 56% in 2022 fueled by the rising prevalence of age-related diseases and a wide range of equipment choices.

The gastrointestinal & abdominal surgery segment is anticipated to reach more than USD 689 million by 2032 owing to the growing number of these surgeries and the effectiveness of ligation in the procedure.

The U.S. ligation devices market share is slated to reach more than USD 655 million by 2032 attributed to a rapidly aging population, rising preference for minimally invasive surgeries, and the increasing prevalence of abdominal ailments in the region.

Ligation Devices Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 448
  • Countries covered: 30
  • Pages: 200
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