Ligation Devices Market - By Product (Instruments, Accessories), By Procedure Type (MIS, Open Surgery), By Application (Gastrointestinal & Abdominal Surgery), By End-use & Forecast, 2023 - 2032

Ligation Devices Market - By Product (Instruments, Accessories), By Procedure Type (MIS, Open Surgery), By Application (Gastrointestinal & Abdominal Surgery), By End-use & Forecast, 2023 - 2032

Global Ligation Devices Market size will expand exponentially through 2032. Increasing investments by the government in healthcare infrastructure is a major driver behind the market growth. In October 2022, the U.S. government announced an investment of around USD 110 million to improve healthcare for the rural population. Moreover, industry players in this space are focusing on mergers and acquisition strategies to reinforce their position. Citing an instance, in August 2022, CONMED Corporation, a leading medical technology manufacturer, acquired Biorez, Inc., a medical device start-up.
The overall ligation devices market is segmented based on product, procedure, application, end-use, and region.
The ligation instruments market share will grow at a lucrative CAGR from 2023 to 2032. Surging cases of cardiovascular disorders have increased the number of surgeries, propelling the need for ligation instruments. According to CDC, around 60 million women are diagnosed with some form of heart disease in the U.S. alone. Moreover, surging efforts by industry players toward launching ligation instruments with advanced capabilities will further contribute to segment growth.
Regarding application, ligation devices market value from the urological surgery segment will amass significant gains through 2032. Rising prevalence of urological conditions such as bladder cancer, prostate cancer, and others has increased the need for urological surgeries, elevating the demand for ligation devices. To illustrate, as per the American Cancer Society, in 2023, around 82,290 new cases of bladder cancer are estimated to be diagnosed in the U.S. alone.
With respect to end-use, the ligation devices market size from the ambulatory surgical centers segment will expand notably through 2032. The availability of advanced ligation equipment in these facilities has increased patient preference. Moreover, the surging demand for outpatient surgeries has further increased the demand for ambulatory surgical centers (ASCs). The increasing number of ASCs worldwide has led to a surge in the demand for ligation devices, resulting in market expansion.
From the regional standpoint, Europe ligation devices market share will grow at a notable CAGR from 2023 to 2032. Increasing demand for minimally invasive procedures coupled with the rising prevalence of chronic diseases such as cancer, heart disease, and others have increased the demand for ligation devices in the region. Moreover, the flourishing healthcare sector will further pave the way for regional growth. Significant investments by regional players in product innovations will also positively affect the industry landscape.