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.
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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
