Global Clip Applicator Market -2024-2031
The global clip applicator market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.
Clip applicators are the devices used for applying ligating metal clips during laparoscopic surgery. For ligation of structures with minimal access, such as blood vessels, and cystic ducts a metal clip usually made up of titanium is used, which can be easily applied using the clip applicators. These clip applicators are either disposable which consists of preloaded clips or reusable which will only deliver one clip at a time. These clip applicators are the major aids during minimally invasive laparoscopy, and endoscopic surgeries, and are also employed in open surgery ligation.
Market Dynamics: Drivers
Rising product innovations and increasing demand for reusable clip applicators
The rising innovation in clip applicators is expected to drive the market over the forecast period. The major market leaders are employing new technologies in these clip applicators to promote minimally invasive surgery and also to reduce the cost of the product. The clip applicators come as either reusable or disposable forms. The cost of the reusable device would be on the lower end as compared to the disposable/single-use devices.
For a surgical procedure such as laparoscopy whose surgical procedure volume is higher, it is very important to reduce the cost. This cost reduction can be enabled by using reusable clip applicators. Several companies have been launching these reusable clip applications which can be used repeatedly without wear and tear. The option for sterilization will also enable the surgeons to use the same device multiple times.
For instance, in 2020, Taiwan Surgical Corporation received the Taiwan Excellence award for its product Inno-Hook Reusable Clip Applier which is dedicated to the ligation procedure during laparoscopic surgery. Inno-Hook is known for its innovative design which comprises changeable tips that enable the replacement of only the worn-out jaws instead of the complete device.
Further, the rising surgical procedural volumes of laparoscopy and rising demand for minimally invasive ligation technologies are the factors expected to drive the market over the forecast period.
Restraints
Factors such as the high cost associated with these disposable surgical clip applicators, and the limited scope for customization of the applicator, are the factors expected to hamper the market over the forecast period.
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Segment Analysis
The global clip applicator market is segmented based on type, size, sterility, application, end-users and region.
The disposable clip applicator segment accounted for approximately 43.6% of the clip applicator segment market share
The disposable clip applicator segment is expected to hold the largest market share over the forecast period. The disposable clips are usually preloaded with approximately 20 clips, which allows the surgeon to rapidly ligate the organ without the need for reloading every time. These reusable clip applicators are majorly useful during emergency procedures with a limited time gap. During an emergency, the clip time or the ligation time can be drastically minimized using disposable clip applicators. Many major players in the market are offering disposable clip applicators.
For instance, Lepu Medical Technology(Beijing)Co., Ltd. is offering disposable clip applier which can be used during small incision surgery and open surgery. Another leading player, B. Braun Melsungen AG's surgical clip applicator portfolio is dominated by disposable instruments. Ethicon a Johnson’s and Johnson’s company offers single-use/disposable clip appliers etc.
Geographical Analysis
North America accounted for approximately 38.65% of the market share
North America region is expected to hold the largest market share over the forecast period owing to increased per capita healthcare spending and a rise in overall national healthcare expense. North America especially the United States is a very well-known hub for its strong presence of major players such as medical device companies.
For instance, on January 23, 2024, according to the data published by PETERSON-KFF Health System Tracker, North American countries, especially the U.S. has the highest healthcare spending per capita compared to lower middle-income countries and even high-income countries. In 2022, the per capita healthcare spending in the U.S. is USD 12,555 compared to other high-income countries whose average spending is USD 6,651.
Competitive Landscape
The major global players in the clip applicator market include B. Braun Melsungen AG, RWD Life Science Co., LTD, Medline Industries, LP., Lepu Medical Technology (Beijing)Co., Ltd., Johnson & Johnson Services, Inc., Teleflex Incorporated., Surtex Instruments Limited., Integra LifeSciences Corporation., Zhejiang Geyi Medical Instrument Co., Ltd, and Medtronic among others.
Market Segmentation
By Type
• Disposable
• Reusable
By Size
• 5mm
• 10mm
By Sterility
• Sterile
• Non-Sterile
Application
• Blood Vessel Ligation
• Bile Duct Ligation
• Others
End Users
• Hospitals
• Ambulatory Surgical Centers
• Trauma Centers
• Others
By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
• Middle East and Africa
Why Purchase the Report?
• To visualize the global clip applicator market segmentation based on type, size, sterility, application, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development
• Excel data sheet with numerous data points of clip applicator market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global clip applicator market report would provide approximately 53 tables, 50 figures, and 187 Pages.
Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Size
- 3.3. Snippet by Sterility
- 3.4. Snippet by Application
- 3.5. Snippet by End User
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Rising product innovations and increasing demand for reusable clip applicators
- 4.1.2. Restraints
- 4.1.2.1. High cost associated with the clip applicators
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 5.5. Unmet Needs
- 5.6. PESTEL Analysis
- 5.7. Patent Analysis
- 5.8. SWOT Analysis
- 6. By Type
- 6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 6.1.2. Market Attractiveness Index, By Type
- 6.2. Disposable *
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 6.3. Reusable
- 7. By Size
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 7.1.2. Market Attractiveness Index, By Size
- 7.2. 5 mm *
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. 10 mm
- 8. By Sterility
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sterility
- 8.1.2. Market Attractiveness Index, By Sterility
- 8.2. Sterile*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Non-Sterile
- 9. By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Blood Vessel Ligation*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Bile Duct Ligation
- 9.4. Others
- 10. By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. Hospitals*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Ambulatory Surgical Centers
- 10.4. Trauma Centers
- 10.5. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sterility
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
- 11.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.8.1. The U.S.
- 11.2.8.2. Canada
- 11.2.8.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sterility
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Key Region-Specific Dynamics
- 11.4.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sterility
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
- 11.4.6.1. Brazil
- 11.4.6.2. Argentina
- 11.4.6.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Key Region-Specific Dynamics
- 11.5.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sterility
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
- 11.5.6.1. China
- 11.5.6.2. India
- 11.5.6.3. Japan
- 11.5.6.4. South Korea
- 11.5.6.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Size
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Sterility
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End Users
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. B. Braun Melsungen AG
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. RWD Life Science Co., LTD
- 13.3. Medline Industries, LP.
- 13.4. Lepu Medical Technology (Beijing)Co., Ltd.
- 13.5. Johnson & Johnson Services, Inc
- 13.6. Teleflex Incorporated.
- 13.7. Surtex Instruments Limited.
- 13.8. Integra LifeSciences Corporation.
- 13.9. Zhejiang Geyi Medical Instrument Co., Ltd
- 13.10. Medtronic
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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