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Global Market Insights add New Global Ligation Devices Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region.
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Ligation Devices Market: Industry Analysis, Trend, Growth, Opportunity, Forecast 2023-2032
Industry Insights • 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 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.
Regional Analysis • 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. • Competitive Analysis • Some of the major players operating in the ligation devices market are Medtronic Plc, Johnson, and Johnson (Ethicon), Cooper Surgical (the Cooper Companies, Inc.), CONMED Corporation, B Braun Melsungen AG, and Teleflex Incorporated among others.
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