The surgical Clips Market was held at US$ 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 US$ 12.3 Billion from 2023 to 2033.
| Attribute | Details |
|---|---|
| Global Surgical Clips Market (2023) | US$ 632.5 Million |
| Global Surgical Clips Market (2033) | US$ 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 |
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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.
Principal Consultant
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 US$ 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 US$ 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 US$ 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 US$ 632.5 million in 2023.
The opportunities in the market are the increasing demand for minimally invasive surgeries.
1. Executive Summary | Surgical Clips Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Market, by Key Countries
4.2. Market Opportunity Assessment (US$ Million)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Growth in Automation, By Country
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
6.1. Historical Market Analysis, 2018 to 2022
6.2. Current and Future Market Projections, 2023 to 2033
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Type, 2018 to 2022
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Type, 2023 to 2033
8.3.1. Ligating
8.3.2. Aneurysm
8.4. Market Attractiveness Analysis By Type
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Material Type, 2018 to 2022
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Material Type, 2023 to 2033
9.3.1. Titanium
9.3.2. Polymer
9.3.3. Other Material Types
9.4. Market Attractiveness Analysis By Material Type
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Surgery Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By Surgery Type, 2018 to 2022
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Surgery Type, 2023 to 2033
10.3.1. Automated/ Robotic Assisted Surgery
10.3.2. General Surgery
10.4. Market Attractiveness Analysis By Surgery Type
11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-User
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) Analysis By End-User, 2018 to 2022
11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End-User, 2023 to 2033
11.3.1. Hospitals
11.3.2. Ambulatory Surgery Centers
11.3.3. Clinics
11.4. Market Attractiveness Analysis By End-User
12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
12.1. Introduction
12.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022
12.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2023 to 2033
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia Pacific
12.3.5. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Country
13.4.1.1. U.S.
13.4.1.2. Canada
.1.2. Rest of North America
13.4.2. By Type
13.4.3. By Material Type
13.4.4. By End-User
13.4.5. By Surgery Type
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Type
13.5.3. By Material Type
13.5.4. By End-User
13.5.5. By Surgery Type
14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Type
14.4.3. By Material Type
14.4.4. By End-User
14.4.5. By Surgery Type
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Type
14.5.3. By Material Type
14.5.4. By End-User
14.5.5. By Surgery Type
15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. France
15.4.1.3. United kingdom
15.4.1.4. Italy
15.4.1.5. Benelux
15.4.1.6. Nordic Countries
15.4.1.7. Rest of Europe
15.4.2. By Type
15.4.3. By Material Type
15.4.4. By End-User
15.4.5. By Surgery Type
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Type
15.5.3. By Material Type
15.5.4. By End-User
15.5.5. By Surgery Type
16. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.1.4. Rest of Asia Pacific
16.4.2. By Type
16.4.3. By Material Type
16.4.4. By End-User
16.4.5. By Surgery Type
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Type
16.5.3. By Material Type
16.5.4. By End-User
16.5.5. By Surgery Type
17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033
17.4.1. By Country
17.4.1.1. GCC Countries
17.4.1.2. South Africa
17.4.1.3. Turkey
17.4.1.4. Rest of Middle East and Africa
17.4.2. By Type
17.4.3. By Material Type
17.4.4. By End-User
17.4.5. By Surgery Type
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Type
17.5.3. By Material Type
17.5.4. By End-User
17.5.5. By Surgery Type
18. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. US Market Analysis
18.2.1. Value Proportion Analysis by Market Taxonomy
18.2.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.2.2.1. By Type
18.2.2.2. By Material Type
18.2.2.3. By End-User
18.2.2.4. By Surgery Type
18.3. Canada Market Analysis
18.3.1. Value Proportion Analysis by Market Taxonomy
18.3.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.3.2.1. By Type
18.3.2.2. By Material Type
18.3.2.3. By End-User
18.3.2.4. By Surgery Type
18.4. Mexico Market Analysis
18.4.1. Value Proportion Analysis by Market Taxonomy
18.4.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.4.2.1. By Type
18.4.2.2. By Material Type
18.4.2.3. By End-User
18.4.2.4. By Surgery Type
18.5. Brazil Market Analysis
18.5.1. Value Proportion Analysis by Market Taxonomy
18.5.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.5.2.1. By Type
18.5.2.2. By Material Type
18.5.2.3. By End-User
18.5.2.4. By Surgery Type
18.6. Germany Market Analysis
18.6.1. Value Proportion Analysis by Market Taxonomy
18.6.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.6.2.1. By Type
18.6.2.2. By Material Type
18.6.2.3. By End-User
18.6.2.4. By Surgery Type
18.7. France Market Analysis
18.7.1. Value Proportion Analysis by Market Taxonomy
18.7.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.7.2.1. By Type
18.7.2.2. By Material Type
18.7.2.3. By End-User
18.7.2.4. By Surgery Type
18.8. Italy Market Analysis
18.8.1. Value Proportion Analysis by Market Taxonomy
18.8.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.8.2.1. By Type
18.8.2.2. By Material Type
18.8.2.3. By End-User
18.8.2.4. By Surgery Type
18.9. BENELUX Market Analysis
18.9.1. Value Proportion Analysis by Market Taxonomy
18.9.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.9.2.1. By Type
18.9.2.2. By Material Type
18.9.2.3. By End-User
18.9.2.4. By Surgery Type
18.10. UK Market Analysis
18.10.1. Value Proportion Analysis by Market Taxonomy
18.10.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.10.2.1. By Type
18.10.2.2. By Material Type
18.10.2.3. By End-User
18.10.2.4. By Surgery Type
18.11. Nordic Countries Market Analysis
18.11.1. Value Proportion Analysis by Market Taxonomy
18.11.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.11.2.1. By Type
18.11.2.2. By Material Type
18.11.2.3. By End-User
18.11.2.4. By Surgery Type
18.12. China Market Analysis
18.12.1. Value Proportion Analysis by Market Taxonomy
18.12.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.12.2.1. By Type
18.12.2.2. By Material Type
18.12.2.3. By End-User
18.12.2.4. By Surgery Type
18.13. Japan Market Analysis
18.13.1. Value Proportion Analysis by Market Taxonomy
18.13.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.13.2.1. By Type
18.13.2.2. By Material Type
18.13.2.3. By End-User
18.13.2.4. By Surgery Type
18.14. South Korea Market Analysis
18.14.1. Value Proportion Analysis by Market Taxonomy
18.14.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.14.2.1. By Type
18.14.2.2. By Material Type
18.14.2.3. By End-User
18.14.2.4. By Surgery Type
18.15. GCC Countries Market Analysis
18.15.1. Value Proportion Analysis by Market Taxonomy
18.15.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.15.2.1. By Type
18.15.2.2. By Material Type
18.15.2.3. By End-User
18.15.2.4. By Surgery Type
18.16. South Africa Market Analysis
18.16.1. Value Proportion Analysis by Market Taxonomy
18.16.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.16.2.1. By Type
18.16.2.2. By Material Type
18.16.2.3. By End-User
18.16.2.4. By Surgery Type
18.17. Turkey Market Analysis
18.17.1. Value Proportion Analysis by Market Taxonomy
18.17.2. Value Analysis and Forecast by Market Taxonomy, 2018 to 2033
18.17.2.1. By Type
18.17.2.2. By Material Type
18.17.2.3. By End-User
18.17.2.4. By Surgery Type
18.17.3. Competition Landscape and Player Concentration in the Country
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
19.4.1. By Regional footprint of Players
19.4.2. Product footprint by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Ackermann Medical GmbH & Co.
20.3.1.1. Overview
20.3.1.2. Product Portfolio
20.3.1.3. Sales Footprint
20.3.1.4. Strategy Overview
20.3.2. B. Braun Melsungen AG
20.3.2.1. Overview
20.3.2.2. Product Portfolio
20.3.2.3. Sales Footprint
20.3.2.4. Strategy Overview
20.3.3. Boston Scientific Corporation
20.3.3.1. Overview
20.3.3.2. Product Portfolio
20.3.3.3. Sales Footprint
20.3.3.4. Strategy Overview
20.3.4. Edwards Lifesciences Corporation
20.3.4.1. Overview
20.3.4.2. Product Portfolio
20.3.4.3. Sales Footprint
20.3.4.4. Strategy Overview
20.3.5. Grena Ltd.
20.3.5.1. Overview
20.3.5.2. Product Portfolio
20.3.5.3. Sales Footprint
20.3.5.4. Strategy Overview
20.3.6. Johnson & Johnson (Ethicon)
20.3.6.1. Overview
20.3.6.2. Product Portfolio
20.3.6.3. Sales Footprint
20.3.6.4. Strategy Overview
20.3.7. Scanlan International, Inc.
20.3.7.1. Overview
20.3.7.2. Product Portfolio
20.3.7.3. Sales Footprint
20.3.7.4. Strategy Overview
20.3.8. Teleflex Incorporated.
20.3.8.1. Overview
20.3.8.2. Product Portfolio
20.3.8.3. Sales Footprint
20.3.8.4. Strategy Overview
20.3.9. MERIL LIFESCIENCES Pvt. Ltd.
20.3.9.1. Overview
20.3.9.2. Product Portfolio
20.3.9.3. Sales Footprint
20.3.9.4. Strategy Overview
20.3.10. Anrei and Sinolinks
20.3.10.1. Overview
20.3.10.2. Product Portfolio
20.3.10.3. Sales Footprint
20.3.10.4. Strategy Overview
21. Assumptions and Acronyms Used
22. Research Methodology
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Surgical Clips Market
