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Press Release:

Global Surgical Clips Market to Reach US$ 591.8 Million by 2027, Impelled by Rising Rates of Surgical Procedures

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Surgical Clips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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 growth rate (CAGR) of 6.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Surgical clips are made using inert and biocompatible materials, such as sterile titanium, polyester fiber, nickel, stainless steel alloy, aluminum, and cobalt. They are utilized for controlling duct and artery and removing an ovary, tube, gallbladder, or uterus during hysterectomy. They can also be used to close the cystic duct and artery in laparoscopic cholecystectomy and prevent bile leakage or bleeding. Presently, they are gaining traction as an alternative to suturing for ligation in patients undergoing several surgical procedures, such as cholecystectomies.

 

 
 

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Surgical Clips Market Trends:

The rising number of individuals undergoing surgical procedures due to the widespread prevalence of chronic ailments, such as arthritis, cancer, obesity, and cardiovascular diseases (CVDs), represents one of the major growth-inducing factors. This can also be attributed to the growing geriatric population worldwide, which is more vulnerable to medical conditions that require surgical interventions. Moreover, the implementation of stringent healthcare norms that promote safety and efficacy during invasive surgical procedures is impelling the market growth. Furthermore, the expanding medical tourism sector, coupled with the increasing popularity of cosmetic surgeries, is bolstering the market growth. Apart from this, a significant rise in fatal road accidents and high hospital admission rates are catalyzing the demand for surgical clips around the wound. Besides this, as retained clips lead to diminished quality of computed tomography (CT) and magnetic resonance imaging (MRI) images and cause complications, researchers are developing safe variants that can be dissolved or absorbed by the body after a certain period. As they can reduce the rate of postoperative complications and minimize problems associated with diagnostic imaging, the demand for surgical clips is anticipated to rise in clinical use across the globe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global surgical clips market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, material type, surgery type and end user.

Breakup by Type:

 

 
 

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  • 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:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Surgical Clips Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Ligating Clips
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Aneurysm Clips
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others 
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Material Type
    7.1    Titanium
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Polymer
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Surgery Type
    8.1    Automated Surgery Clips
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Manual Surgery Clips
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End User
    9.1    Hospital and Clinic
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Ambulatory Surgery Center
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Ackermann Instruments GmbH
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    B. Braun Melsungen AG
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Boston Scientific Corporation
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Edwards Lifesciences Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Grena Limited
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Johnson & Johnson
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    LeMaitre Vascula Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    LocaMed Ltd.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Medtronic plc
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Meril Life Sciences Pvt. Ltd. (Micro Life Sciences Private Limited)
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Scanlan International Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Teleflex Incorporated
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Surgical Clips Market: Major Drivers and Challenges
Figure 2: Global: Surgical Clips Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Surgical Clips Market: Breakup by Type (in %), 2021
Figure 5: Global: Surgical Clips Market: Breakup by Material Type (in %), 2021
Figure 6: Global: Surgical Clips Market: Breakup by Surgery Type (in %), 2021
Figure 7: Global: Surgical Clips Market: Breakup by End User (in %), 2021
Figure 8: Global: Surgical Clips Market: Breakup by Region (in %), 2021
Figure 9: Global: Surgical Clips (Ligating Clips) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Surgical Clips (Ligating Clips) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Surgical Clips (Aneurysm Clips) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Surgical Clips (Aneurysm Clips) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Surgical Clips (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Surgical Clips (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Surgical Clips (Titanium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Surgical Clips (Titanium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Surgical Clips (Polymer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Surgical Clips (Polymer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Surgical Clips (Other Material Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Surgical Clips (Other Material Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Surgical Clips (Automated Surgery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Surgical Clips (Automated Surgery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Surgical Clips (Manual Surgery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Surgical Clips (Manual Surgery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Surgical Clips (Hospital and Clinic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Surgical Clips (Hospital and Clinic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Surgical Clips (Ambulatory Surgery Center) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Surgical Clips (Ambulatory Surgery Center) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia-Pacific: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia-Pacific: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Surgical Clips Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Surgical Clips Market: Breakup by Country (in %), 2021
Figure 77: Middle East and Africa: Surgical Clips Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Surgical Clips Industry: SWOT Analysis
Figure 79: Global: Surgical Clips Industry: Value Chain Analysis
Figure 80: Global: Surgical Clips Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Surgical Clips Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Surgical Clips Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Surgical Clips Market Forecast: Breakup by Material Type (in Million US$), 2022-2027
Table 4: Global: Surgical Clips Market Forecast: Breakup by Surgery Type (in Million US$), 2022-2027
Table 5: Global: Surgical Clips Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Surgical Clips Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Surgical Clips Market: Competitive Structure
Table 8: Global: Surgical Clips Market: Key Players


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Key Questions Answered in This Report

The global surgical clips market was valued at US$ 405.2 Million in 2021.

We expect the global surgical clips market to exhibit a CAGR of 6.30% during 2022-2027.

The growing adoption of surgical clips to promote safety and efficacy during invasive surgical procedures
is primarily driving the global surgical clips market.

The sudden outbreak of the COVID-19 pandemic had led to postponement of numerous elective
surgeries to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical
equipment, thereby limiting the demand for surgical clips.

Based on the type, the global surgical clips market has been segmented into ligating clips, aneurysm
clips, and others. Currently, ligating clips hold the majority of the total market share.

Based on the material type, the global surgical clips market can be divided into titanium, polymer, and
others. Among these, titanium exhibits a clear dominance in the market.

Based on the surgery type, the global surgical clips market has been categorized into automated surgery
clips and manual surgery clips, where manual surgery clips currently account for the majority of the
global market share.

Based on the end user, the global surgical clips market can be segregated into hospital and clinic and
ambulatory surgery center. Currently, hospital and clinic holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global surgical clips market 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.

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