Global Surgical Clips Market to Reach US$ 747.2 Million by 2032, Impelled by Rising Rates of Surgical Procedures

September 19, 2022 | Healthcare

According to the latest report by IMARC Group, titled "Surgical Clips Market Report by Type (Ligating Clips, Aneurysm Clips, and Others), Material Type (Titanium, Polymer, and Others), Surgery Type (Automated Surgery Clips, Manual Surgery Clips), End User (Hospital and Clinic, Ambulatory Surgery Center), and Region 2024-2032," the global surgical clips market reached a value of US$ 458.4 Million in 2023. Surgical clips refer to medical tools that are widely used by healthcare professionals for wound closure in multiple surgical procedures. They are utilized for insecure fixation and vessel closures on tubular structures. Additionally, they are also utilized for closing the artery and cystic duct in laparoscopic cholecystectomy in order to prevent bleeding or bile leakage. They are mainly composed of a variation of several elements, such as cobalt, stainless steel, aluminum, vanadium and nickel. These clips are widely adopted across the globe as they are not penetrated into the blood vessels and are preferably used instead of staplers.

Global Surgical Clips Market Trends:

The global market is primarily driven by the rising number of surgical procedures. This can be attributed to the increasing occurrence of injuries during sports activities and accidents. Coupled with the growing prevalence of chronic diseases that require mandatory surgical procedures and the rising geriatric population, this is creating a positive market outlook. Along with this, numerous initiatives undertaken by the governments of several countries by implementing stringent regulations on patient safety and health is providing an impetus to the market growth. Moreover, the rising preference for cosmetic surgeries due to an enhanced focus on maintaining an aesthetic appearance among individuals is significantly supporting the product demand on the global level. Other factor, including continuous improvements in the healthcare infrastructure, the increasing investments by public and private firms for improving medical facilities, the growing preference for minimally invasive surgical procedures and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 747.2 Million by 2032, exhibiting a CAGR of 5.5% during 2024-2032.

Market Summary:

On the basis of type, the market has been segmented into ligating, aneurysm and other clips.
Based on the material type, the market has been segregated into titanium, polymer and others.
On the basis of the surgery type, the market has been categorized into automated and manual surgery clips.
Based on the end-user, the market has been classified into hospital and clinic and ambulatory surgery center.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
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 the 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. and Teleflex Incorporated.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Type, Material Type, Surgery Type, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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. and Teleflex Incorporated.
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Global Surgical Clips Market to Reach US$ 747.2 Million by 2032, Impelled by Rising Rates of Surgical Procedures

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