According to the latest report by IMARC Group, titled “Surgical Clips Market Analysis: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global surgical clips market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global surgical clips market reached a value of US$ 405.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 591.8 Million by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
Surgical clips are manufactured using biocompatible and inert materials, such as sterile titanium, cobalt, polyester fiber, nickel, stainless steel alloy, and aluminum. They are used during hysterectomy procedures to remove the uterus, ovary, gallbladder, and tube and to control ducts and arteries. They are also utilized to stop bleeding or prevent bile leakage and for closing the cystic duct and artery in laparoscopic cholecystectomy. As a result, surgical clips are gaining immense traction as an alternative to suturing for ligation in patients undergoing numerous surgical procedures, such as cholecystectomies.
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COVID-19 Impact: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Surgical Clips Market Trends and Drivers:
The global surgical clips market is primarily driven by the rising number of individuals undergoing surgeries and the increasing prevalence of chronic ailments, such as cardiovascular diseases (CVDs), obesity, arthritis, and cancer. Moreover, the implementation of stringent health norms to promote safety and effectiveness during invasive surgical procedures is positively influencing the market growth. Additionally, the rising geriatric population that is more susceptible to developing medical conditions requiring surgical procedures has catalyzed market growth.
Besides this, a significant increase in fatal road accidents and the surging hospitalization rates have augmented product demand. Furthermore, the introduction of novel and safe product variants that can be dissolved or absorbed by the body after a certain period, lowering the rate of postoperative complications and problems with diagnostic imaging, is another major growth-inducing factor. Other factors, including the expanding medical tourism sector, the growing popularity of cosmetic surgeries, and technological advancements, are also anticipated to create a favorable market outlook.
Global Surgical Clips Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- Ackermann Instruments GmbH
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Edwards Lifesciences Corporation
- Grena Limited
- Johnson & Johnson
- LeMaitre Vascula Inc.
- LocaMed Ltd.
- Medtronic plc
- Meril Life Sciences Pvt. Ltd. (Micro Life Sciences Private Limited)
- Scanlan International Inc.
- Teleflex Incorporated.
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The report has segmented the market on the basis of region, type, material type, surgery type and end user.
Breakup by Type:
- Ligating Clips
- Aneurysm Clips
- Others
Breakup by Material Type:
- Titanium
- Polymer
- Others
Breakup by Surgery Type:
- Automated Surgery Clips
- Manual Surgery Clips
Breakup by End User:
- Hospital and Clinic
- Ambulatory Surgery Center
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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