Surgical Clips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Surgical Clips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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.

Key Questions Answered in This Report

1. What was the size of the global surgical clips market in 2022?

2. What is the expected growth rate of the global surgical clips market during 2023-2028?

3. What are the key factors driving the global surgical clips market?

4. What has been the impact of COVID-19 on the global surgical clips market?

5. What is the breakup of the global surgical clips market based on the type?

6. What is the breakup of the global surgical clips market based on the material type?

7. What is the breakup of the global surgical clips market based on the surgery type?

8. What is the breakup of the global surgical clips market based on the end user?

9. What are the key regions in the global surgical clips market?

10. Who are the key players/companies in the global surgical clips market?