The clamps market is expected to expand its roots at a CAGR of 2.8% during 2022-2032. The market holds a value of US$ 205.17 million in 2022 while it is anticipated to cross a value of US$ 270.42 million by 2032.
| Attributes | Details |
|---|---|
| Market Size (2022E) | US$ 205.17 Million |
| Market Projected Size (2032F) | US$ 270.42 Million |
| Value CAGR (2022 to 2032) | 2.8% |
The expanding medical equipment industry along with advancements occurring in healthcare facilities are thriving the demand for clamps. Clamps are widely used in various kinds of operations including cardiovascular surgeries, suturing, and internal and rectal operations. Rise in these applications directly affects the medical equipment markets such as the market for clamps, the surgical mask market etc.
Majorly a part of the advanced dissection kit, the surgical clamps thrive at a steady speed due to the emerging economies building their healthcare infrastructure while adopting the necessary operational kits. From combing material to surgical tools such as clamps, healthcare equipment is in high demand. Furthermore, the higher number of surgeries due to the rising heart, lung, liver, and kidney-based diseases are attributed to the sales of clamps globally.
The demand for clamps in the surgical and medical device industry has elevated by virtue of high healthcare expenditure, aging populations, increase in the population with chronic disease owing to an increase in the demand for advanced medical devices and therapies. Furthermore, it fuels the demand for clamps. The geriatric population with internal body issues that require surgeries are leading up to a higher demand for clamps.
Medical devices with higher shelf-life such as clamps only get replaced with the change of healthcare facilities and tools. That’s the reason why the market is thriving at an average CAGR. As China and India build their healthcare space and open new healthcare facilities, the sales of clamps have increased.
The advent of minimally invasive surgical equipment has transformed surgical clamps into 3D surgical clamps that help in surgeries while operating at the minute ends. New vendors in the market produce sustainable surgical tools such as clamps, expanding the clamps market size.
Though, the Covid-19 pandemic has limited growth in the research and development activities in the pharmaceutical & medical device industry. The needle holder segment is likely to witness steady growth during 2022-2032. The advanced EOG (End-of-life) surgical instruments become the top selling equipment that involve bio-degradable tools. These fuels the sales of surgical clamps in the global market.
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The market is likely to register a CAGR of 2.8% through 2032.
The market is currently valued at US$ 205.17 Bn in 2022.
The market is likely to grow to a valuation of US$ 270.42 Bn by 2032.
North America is likely to be a leading market during the forecast period.
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Clamps Market
