The surgical Clips Market was held at USD 481.1 Million in 2022 and is expected to grow with a CAGR of 35.5% from 2023 to 2033. The use of minimally invasive procedures to enhance recovery time, minimize hospital stays, reduce post-surgery problems, and provide the convenience of treatment during surgeries, especially among the elderly, are the key factors driving market expansion. The market accounted for an absolute dollar opportunity of USD 12.3 Billion from 2023 to 2033.
| Attribute | Details |
|---|---|
| Global Surgical Clips Market (2023) | USD 632.5 Million |
| Global Surgical Clips Market (2033) | USD 12.9 Billion |
| Global Surgical Clips Market CAGR (2023 to 2033) | 35.5% |
| USA Surgical Clips Market CAGR (2023 to 2033) | 33.9% |
| Key Companies Profiled | Ackermann Medical GmbH & Co.; B. Braun Melsungen AG; Boston Scientific Corporation; Edwards Lifesciences Corporation; Grena Ltd.; Johnson & Johnson; Scanlan International, Inc.; Teleflex Incorporated.; Meril Lifesciences; Anrei and Sinolinks |
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As per the Surgical Clips Market industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value of the Surgical Clips increased at around 28.9% CAGR,
The market is projected to grow at a CAGR of 35.5% over the coming ten years.
One of the key growth-inducing causes in the surgical clips market is the rise in the number of people undergoing surgical treatments as a result of the widespread incidence of chronic illnesses such as arthritis, cancer, obesity, and cardiovascular diseases.
This can also be ascribed to the expanding senior population globally, which is more susceptible to medical disorders that necessitate surgery. Furthermore, the market is being propelled forward by the introduction of strict healthcare standards that increase safety and efficacy during invasive surgical procedures. Furthermore, the growing medical tourism industry, together with the rising popularity of cosmetic operations, is fuelling market expansion.
An increase in fatal road accidents and high hospital admission rates are also fuelling demand for surgical clips around wounds. Furthermore, since retained clips degrade the quality of computed tomography and magnetic resonance imaging images and cause complications, researchers are working on safe alternatives that can be dissolved or absorbed by the body after a period of time.
The demand for surgical clips is expected to rise in clinical use globally, as they can reduce the rate of postoperative complications and minimize problems connected with diagnostic imaging.
Surgical clips are in high demand due to the increasing number of surgical cases. Surgical clips are utilized for neurological and orthopedic procedures because they do not enter the body. Because of its cost-effectiveness, surgeons favor the manual method.
The automated surgical clips segment is expected to rise rapidly. The cystic duct and artery are secured with surgical clips during cholecystectomy. One or more clips can become dislodged on rare occasions. During the laparoscopic operation, this is frequently omitted.
Surgical clips have been used more frequently during surgeries as the use of robotic and minimally invasive surgeries has increased, indicating a large growth potential. Surgical clips are used in a range of medical procedures, including vasectomy and preventing blood loss from vessels during surgery.
The effective use of surgical clips ensures surgical procedure safety while also reducing process time and associated risks. They are clamped over veins and arteries to stop bleeding, and they are extensively employed during geriatric procedures due to their reliability, cost-effectiveness, and convenience of treatment.
Issues related to surgical clips, such as clip migration, may stymie market expansion. The patient may be harmed by the migration of clips from one location to another. The pressure produced by intra-abdominal organ motions is the reason for the migration of clips from one location to another. Furthermore, the use of surgical clips during diagnostic imaging procedures can result in problems, which can slow down market growth.
Throughout the projected period, North America is expected to lead the market. Due to factors such as the presence of significant players, the high occurrence of accidents and trauma in the region, and the established healthcare infrastructure, the market is experiencing significant expansion.
Due to its supporting healthcare legislation, large patient population, and developed healthcare market, the market in the region is expected to grow at a swift pace. Each year, nearly 27 million surgical procedures are conducted in the United States, according to the Journal of Infectious Disease Adviser. According to data, the rising number of surgeries and rising disposable income in this country are the two reasons that are projected to drive the industry.
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Due to the rising incidence of chronic diseases and the increasing number of surgical cases in the country, the Surgical Clips Market in China is expected to grow rapidly. The market in China is expected to reach a valuation of USD 1.5 Billion by 2033. Due to the high population base, growing awareness of surgical clips, development of healthcare infrastructure, and increased demand for minimally invasive procedures, China delivers lucrative prospects for key players operating in the market. The market in the country is projected to experience an absolute dollar growth of USD 1.4 Billion from 2023 to 2033.
The increasing number of surgeries and the growing geriatric population are responsible for the majority of the segment's growth. In Germany, hip replacement surgery was performed 304 times per 100,000 people in 2016 to 2018, according to the European Union Statistics. It was roughly 273 and 265 per 100,000, respectively, in Austria and Finland.
In 2018, 1.4 million cesarean sections took place in the EU, as per Eurostat values. The EU also reported an increase in reported surgeries in recent decades, particularly for keyhole appendectomies. These statistics prove that the increase in reported surgeries is accountable for the increase in the segment market.
The key players operating in the surgical clips market are Ackermann Medical GmbH & Co, Grena Ltd, B. Braun Melsungen AG, Edwards Lifesciences Corporation, and Boston Scientific Corporation.
It is expected to lessen the danger of scarring and infection, however, it still has enough clip retention force to secure litigation performance with vessels and structures up to 6-7mm in diameter. Automatic clip feeding, an anti-back mechanism, and an ergonomic design for one-finger rotation are all included in the gadget.
The surgical clips market CAGR for 2033 is 35.5%.
The market is estimated to reach USD 12.9 billion by 2033.
The challenges in the surgical clips market are the high cost of research and development
The market is estimated to secure a valuation of USD 632.5 million in 2023.
The opportunities in the market are the increasing demand for minimally invasive surgeries.
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