Ligation devices are used to ligate blood or tubular vessels in surgical procedures. These devices are used in open and minimally invasive surgical procedures. Ligation devices are classified into hand-held instruments and accessories. Hand-held instruments consist of electrosurgical devices, which are used to achieve hemostasis by coagulation. ____________ 1. Micromarkets are defined as further segments and subsegments of the ligation devices market included in the report. 2. RoW includes South America, Central America, the Caribbean, the Middle East, and Africa. 3. Core competencies of companies are captured in terms of their key developments and key strategies adopted to sustain their positions in the market.
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.
Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.
Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.
Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.