Surgical Clips Market

Market Overview:

The global surgical clips market size reached US$ 431.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 627.0 Million by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028. The increasing prevalence of medical disorders, rising demand for minimally invasive surgery (MIS), and introduction of biodegradable surgical clips represent some of the key factors driving the market.

Surgical clips are medical devices used to control bleeding, close blood vessels, and secure tissue in surgical procedures. They are made using a variety of materials, such as titanium, polyester fiber, aluminum, nickel, stainless steel alloy, and cobalt. They do not cause an adverse reactions and inflammation in the body and reduce operative time as they are easy and quick to apply. They also aid in minimizing scarring as compared to suturing and stapling, which results in better cosmetic outcomes wherein scarring is a concern, such as plastic surgery. Moreover, they reduce the risk of infection as they cause minimal tissue damage and do not require the use of needles. At present, surgical clips are used in procedures, such as vascular surgery, laparoscopic surgery, neurosurgery, and orthopedic surgery across the globe.

Surgical Clips Market Trends:

Presently, the growing geriatric population and increasing prevalence of chronic ailments, such as arthritis, cancer, obesity, and cardiovascular diseases, represent one of the key factors positively influencing the market across the globe. In addition, the escalating demand for minimally invasive surgery (MIS) and advancements in surgical technology, such as the development of laparoscopic and robotic-assisted surgeries, are creating a favorable market outlook. In line with this, manufacturers are introducing new materials and designs for surgical clips to improve performance and ease of use. This can also be attributed to the burgeoning healthcare sector and the implementation of stringent healthcare regulations that promote safety and efficacy during invasive surgical procedures. Additionally, an increase in disposable incomes of individuals is catalyzing the demand for healthcare services, including surgical procedures. Apart from this, the rising awareness among patients and healthcare providers about the benefits of surgical clips, such as reduced operative time and minimal scarring, in confluence with the introduction of dissolvable surgical clips that can be dissolved or absorbed by the body after a period is bolstering the growth of the market. Besides this, the increasing number of skilled healthcare professionals, such as surgeons and nurses, trained to use surgical clips are contributing to the market growth. Furthermore, as surgical clips reduce the rate of postoperative complications and minimize problems associated with diagnostic imaging, they are gaining traction 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 report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, material type, surgery type and end user.

Type Insights:

• Ligating Clips
• Aneurysm Clips
• Others
   

The report has provided a detailed breakup and analysis of the surgical clips market based on the type. This includes ligating clips, aneurysm clips, and others. According to the report, ligating clips represented the largest segment.

Material Type Insights:

• Titanium
• Polymer
• Others
   

The report has provided a detailed breakup and analysis of the surgical clips market based on the material type. This includes titanium, polymer, and others. According to the report, titanium represented the largest segment.

Surgery Type Insights:

• Automated Surgery Clips
• Manual Surgery Clips
   

The report has provided a detailed breakup and analysis of the surgical clips market based on the surgical type. This includes automated surgery clips and manual surgery clips. According to the report, manual surgery clips represented the largest segment.

End User Insights:

• Hospital and Clinic
• Ambulatory Surgery Center
   

The report has provided a detailed breakup and analysis of the surgical clips market based on the end use. This includes hospitals and clinic and ambulatory surgery center. According to the report, hospital and clinic represented the largest segment.

Regional Insights:

• 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
   

The report has also provided a comprehensive analysis of all the major regional markets, which include 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. According to the report, North America was the largest market for surgical clips. Some of the factors driving the North America surgical clips market included high disposable incomes, burgeoning healthcare sector, increasing demand for minimally invasive surgery (MIS), etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global surgical clips market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered 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, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the surgical clips market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global surgical clips market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the surgical clips industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.