Band Ligators Market Report 2024 (Global Edition)

Global Band Ligators Market Report 2024 Market Size Split by Type (Endoscopic Ligators, Non-endoscopic Ligators), by Application (Hospitals and Clinics, Ambulatory Surgical Centers)

Band Ligators Market Report Description

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Competitive Landscape of the Band Ligators Market

Boston Scientific Corporation

Boston Scientific Corporation is a US-based manufacturer of minimally invasive medical devices. It has over 3,800 employees. The company has a presence in over 130 countries worldwide with over 13,000 products.

It is operating under segments: Medsurge, Rhythm & neuro, cardiovascular, medical devices, and specialty pharmaceuticals. Medsurge segment is further classified into endoscopy, and urology & pelvic health. Further, Rhythm & neuro segment is bifurcated into cardiac rhythm management, electrophysiology, and neuromodulation. The cardiovascular segment is divided ito interventional cardiology, and peripheral interventions.

Cook Inc.

Cook Inc. is a manufacturer of medical devices. The company provides more than 16,000 products across 10 hospital service lines and serves 135 countries. Cook Inc. operates through two business divisions such as vascular division and MedSurg division. Vascular division provides specialty areas of Aortic Intervention, Interventional Radiology, Lead Management, and Peripheral Intervention. MedSurg division provides specialty areas of Critical Care, Endoscopy, Otolaryngology, Reproductive Health, Surgery, and Urology.

Top Companies Market Share in Band Ligators Industry: (In no particular order of Rank)

• Boston Scientific Corporation
• Cook Inc.
• Integra LifeSciences
• CONMED Corporation
• Allwin Medical Devices
• Changzhou Lookmed Medical Instrument Co.Ltd.
• STERIS
• Glowtronics Private Limited
• Micro-Tech Endoscopy
• ACE Medical Devices
• ENDO-FLEX GmbH
• Jiangsu Qianjing Medical Equipment Co.Ltd
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The North America Band Ligators Market size will be USD 509.91 Million in 2030.

North America acquired the largest revenue share in the year 2022 and is anticipated to continue its dominance over the forecast period. The market growth of the region is significant because of the highly developed healthcare infrastructure, rising concerns of chronic diseases, and the wide presence of medical device companies. Band ligation procedures are performed in many countries in North America, including the United States, Canada, and Mexico. Leading medical device companies that manufacture devices used in band ligation procedures operate in North America.  

There is a significant demand for endoscopic band ligators in North America. This is because band ligation is a commonly used procedure to treat various conditions such as hemorrhoids, esophageal varices, and gastric varices, which are prevalent in the population. Additionally, band ligation is a minimally invasive procedure that is considered safe and effective, making it a preferred option for many patients and healthcare providers in North America.

Chronic diseases are a significant health concern in North America, with many individuals in the region suffering from conditions such as diabetes, heart disease, and cancer. The prevalence of chronic diseases has been on the rise in North America in recent years, which has led to increased demand for the band ligation market in North America. For example, according to the CDC, cardiovascular disease is responsible for 1 in 3 deaths - 859,000 people in the United States.

Moreover, there are several medical device companies that manufacture endoscopic band ligators and other equipment used in band ligation procedures, and these companies generally have a strong reputation worldwide to meet the demand for their products. Moreover, technological advancements have led to the development of advanced endoscopic band ligators, which may further increase the demand for these devices in the region. All these factors are anticipated to increase the demand for the band ligator market in North America.

The current report Scope analyzes Band Ligators Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Band Ligators Market

North America Band Ligators Market Analysis

North America Band Ligators market size was $360.56 million in 2024 and it is forecasted to reach $509.91 Million by the end of 2030.

North America acquired the largest revenue share in the year 2022 and is anticipated to continue its dominance over the forecast period. The market growth of the region is significant because of the highly developed healthcare infrastructure, rising concerns of chronic diseases, and the wide presence of medical device companies. Band ligation procedures are performed in many countries in North America, including the United States, Canada, and Mexico. Leading medical device companies that manufacture devices used in band ligation procedures operate in North America.  
There is a significant demand for endoscopic band ligators in North America. This is because band ligation is a commonly used procedure to treat various conditions such as hemorrhoids, esophageal varices, and gastric varices, which are prevalent in the population. Additionally, band ligation is a minimally invasive procedure that is considered safe and effective, making it a preferred option for many patients and healthcare providers in North America.
Chronic diseases are a significant health concern in North America, with many individuals in the region suffering from conditions such as diabetes, heart disease, and cancer. The prevalence of chronic diseases has been on the rise in North America in recent years, which has led to increased demand for the band ligation market in North America. For example, according to the CDC, cardiovascular disease is responsible for 1 in 3 deaths - 859,000 people in the United States.
Moreover, there are several medical device companies that manufacture endoscopic band ligators and other equipment used in band ligation procedures, and these companies generally have a strong reputation worldwide to meet the demand for their products. Moreover, technological advancements have led to the development of advanced endoscopic band ligators, which may further increase the demand for these devices in the region. All these factors are anticipated to increase the demand for the band ligator market in North America.

Europe Band Ligators Market

Europe Band Ligators Market Analysis

Europe Band Ligators market size was $285.94 million in 2024 and it is forecasted to reach $383.50 Million by the end of 2030

Europe is the second largest revenue contributor region in the band ligator market over the forecast period. This is because of the rising prevalence of medical conditions that require band ligation, and the increased adoption rate of new invasive medical technologies in the region. In Europe, strong regulatory compliance, appropriate medicare reimbursement, and other policies are taking initiatives to ensure a strong future for patient and healthcare provider access to earlier and more accurate diagnoses and continued innovation for the next breakthrough treatments. 
Furthermore, there is a wide presence of medical technology companies in Europe. For example, there are over 34,000 medical technology companies in Europe. The highest number of them are based in Germany, followed by Italy, the UK, France, and Switzerland. Small and medium-sized companies (SMEs) make up around 94.79% of the medical technology industry in Europe. However, in the European Union, medical technologies are highly regulated by laws that govern the safety and performance of devices across their lifetime, before and after they are sited on the market.  The European Union has established various regulations and directives governing medical devices, including endoscopic band ligators, to ensure patient safety and quality of care. All these factors are influencing the demand for the band ligator market in Europe.

Asia Pacific Band Ligators Market

Asia Pacific Band Ligators market Analysis

Asia Pacific Band Ligators market size was $288.15 million in 2024 and it is forecasted to reach $430.38  Million by the end of 2030.

Asia Pacific region is expected to grow at the highest CAGR during the forecast period. Increasing expenditure on healthcare along with the rising investments in R&D from medical device companies to increase product innovation capabilities are some key factors contributing to the growth of the band ligators market in Asia Pacific.  In recent years, Asia Pacific region has seen a significant increase in healthcare expenditure driven by various factors such as an aging population, increasing prevalence of chronic diseases, and growing middle-class families.

Many countries in the Asia Pacific region, such as China, India, and Japan, have made significant investments in healthcare infrastructure including increasing the availability and quality of medical equipment such as band ligators. This has led to an increase in demand for medical devices and technology, including endoscopic band ligators and other devices used in band ligation procedures. In addition, the increasing expenditure on healthcare has turned to an expansion of health insurance coverage in many countries, making healthcare services more accessible and affordable to a larger population. This, in turn, has led to an increase in the demand for medical procedures, including band ligation, which can further drive the demand for endoscopic band ligators in Asia Pacific.

Furthermore, many medical device companies have established R&D facilities in the Asia Pacific region to develop new medical devices that cater to the region's specific needs. These R&D facilities also enable medical device companies to collaborate with local healthcare professionals and institutions to understand the region’s healthcare landscape and develop products including band ligation. All these factors are driving the demand for the band ligator market in Asia Pacific.

South America Band Ligators Market

South America Band Ligators market Analysis

South America Band Ligators market size was $71.06 million in 2024 and it is forecasted to reach $92.84  Million by the end of 2030.

In Latin America, increasing demand for healthcare products makes the band ligator market grow significantly. Latin American countries have implemented policies to improve access to healthcare services and to increase health insurance coverage for their population. This has led to an increase in demand for band ligators in Latin America. 

However, the adoption of medical devices in Latin America can vary depending on factors such as the availability of alternative treatment options and the affordability of medical devices. In some cases, medical devices can be expensive and may not be accessible to all populations in the region. Besides, the demand for medical devices including band ligators in Latin America is expected to continue to grow in the coming years as the region's population increases and healthcare infrastructure improves, presenting opportunities for medical device companies that manufacture endoscopic band ligators and other devices used in band ligation procedures.

Middle East and Africa Band Ligators Market

Middle East and Africa Band Ligators market Analysis

Middle East and Africa Band Ligators market size was $47.47 million in 2024 and it is forecasted to reach $57.78  Million by the end of 2030. 

In the middle east and Africa, accessibility to medical devices and technology is limited due to a lack of investment in healthcare infrastructure. This, in turn, there is a slow growth of the band litigators market in the Middle East and Africa region. Lack of awareness about medical devices in many parts of the Middle East and Africa can lead to a lack of access to important medical technologies and procedures including band ligators. This can be attributed to a variety of factors, including limited healthcare infrastructure, a lack of healthcare funding, and a shortage of trained healthcare professionals. 

In recent years, South Africa is moving towards universal healthcare through the proposed National Health Insurance (NHI) scheme. Through the NHI, the government of South Africa may become a major purchaser of medical products and services and invest in the public healthcare system to improve infrastructure and access. Saudi Arabia, UAE, Turkey, and Israel are considered large markets in terms of medical facilities in the Middle East market. For example, the Saudi medical devices market is the biggest in the Middle East region, is well-regulated, and has a stable demand through concentrated buyers. All these factors will influence the demand for the band ligator market in middle east and Africa over the forecast period.

Band Ligators Market Analysis

What is Endoscopic Band Ligator Market Size ?

In 2018, the Endoscopic Ligators Segment Revenue was USD 646.54 Million, and it expected to reach at USD 1,115.06 Million in 2030 Endoscopic band ligation (EBL) is the most often used endoscopic procedure for treating acute esophageal variceal bleeding. Endoscopic band ligators have also been used to treat nonvariceal hemorrhage. The endoscopic band ligation offers a better view of the lesions while applying direct pressure and suction through the clear ligation cap than previous techniques and is technically easier to execute. Endoscopic band ligators are applicable even when the perforation's width is bigger than 10 mm or when the tangential angle is extremely acute.

 Non-endoscopic Ligators

Non-endoscopic band ligators are often used for the treatment of grade I, II, and III internal hemorrhoids and GI tract. Non-endoscopic band ligators help patients with a quick and relatively painless treatment option. It is an easy, single-hand-operated, one-step device for treating internal hemorrhoids. The device is inserted through the mouth and works its way along the length of the digestive tract repairing damaged areas as it goes.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Band Ligators Industry. Request a Free Sample PDF!

Global Band Ligators Segment Analysis by Application

Hospitals and Clinics

In general, an endoscopic procedure is done at the hospital where a long, thin tube is inserted into the body, mainly through the mouth to observe the patients. Thus, the usage of band ligators in the hospital has been observed.
 
 Ambulatory Surgical Centers

Endoscopic ambulatory surgery centers are more effective than hospital-based treatments, they cost payers less money than hospital-based procedures, and they give healthcare providers an extra revenue stream.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion