Surgical Clips Market - Global Industry Analysis

Surgical Clips Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Medical Device Report Format : PDF Report Code: ZMR-6845 Status : Upcoming

Description

Global Surgical Clips Market: Overview

Surgical clips are the medical devices that assist in holding things, preventing blood loss from blood vessels during surgical operations, and vasectomy. These clips are sterile devices available in different sizes. Besides this, modified clips can do a radial bend on the lateral leg of the clip. However, these clips are used in a variety of medical applications. Approximately 30 to 40 clips are utilized in each surgical procedure. Modern ligating clips were developed by Edward Weck Inc., which was further modified by E.C Wood in the year 1967. Surgical clips are much lower in cost when compared to other surgical devices. Furthermore, these are handily preloaded ready to use disposable clip cartridges having watertight closure and inertness. These clips are made up of magnesium alloy. Also, the advancements in material science are likely to offer more enhanced microstructure, improve quality clips, and also improve the rate of degradation.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Surgical Clips Market: Growth Factors

The global surgical clips market is expected to grow exponentially during the forecast period with a CAGR of 26.5%. The rise in adoption of minimally invasive procedures for the post-surgical complication treatment meanwhile surgeries is inducing the higher demand for these clips. Furthermore, the usage of these clips in minimally invasive procedures reduced blood leakage while minimizing incisions. Some of the leading companies like Grena, Ltd., Boston Scientific, and B. Braun have innovated ligating clips to increase the accuracy and pace during the operations for the prevention of clip slippage from the adherence site. Major treatment options for neurological problems include surgical operations, and aneurysm clips have emerged as precise treatment options for a cranial aneurysm. In addition, the ongoing technological advancements have further paved the way for better treatment. Many cost-effective surgical clips are present in the market to help professionals. The growing sports injuries and road accidents are other significant factors contributing to the growth of the global surgical clips market. Cardiovascular disease, along with some other chronic conditions, has emerged as a major health issue globally. As per Globocan 2020, the cancer cases have touched 19,292,798. Such high incidences of cancer and chronic diseases thrive up the demand for surgical procedures, which in turn also aid the growth of the global market over the forecast period. The Covid-19 pandemic has significantly impacted the global surgical clips market as most of the non-urgent and elective surgeries were postponed. As a result, all the surgical departments globally struggled with a severe downward trend. However, the post-pandemic landscape is witnessing major growth prospects thereby, the global surgical clips market is likely to again take an uptrend in the forthcoming years.

Global Surgical Clips Market: Segmentation

The global surgical clips market can be segmented into material, surgery, end-user, type, and region.

By material, the market can be segmented into polymer, titanium, and other material.

By surgery, the market can be segmented into manual and automated surgery clips.

By end-user, the market can be segmented into ambulatory surgical centers, hospitals, and clinics.

By type, the market can be segmented into the aneurysm, ligating, and other clips.

Global Surgical Clips Market: Regional analysis

Asia Pacific accounts for the largest share in the global surgical clips market due to the presence of the huge patient population along with the good volume of undergoing surgeries in the region. Also, the government is taking several initiatives to develop advanced healthcare infrastructure and boost medical tourism, thereby it is likely to positively impact the growth of the regional market.

North America is also likely to grow with a healthy CAGR of 28.3 % during the forecast period due to the growing number of preventive surgeries in the region, along with the presence of established healthcare infrastructure.

Global Surgical Clips Market: Competitive Players

Some of the significant players in the global surgical clips market include Andrei and Sinolinks, MerilLifesciences Pvt. Ltd., Teleflex Incorporated, Scanlan International, Inc., Johnson & Johnson (Ethicon), Grena Ltd., Edwards Lifesciences Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, and Ackermann Medical GmbH & Co.

Global Surgical Clips Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global surgical clips market is expected to grow exponentially during the forecast period with a CAGR of 26.5%. The rise in adoption of minimally invasive procedures for the post-surgical complication treatment meanwhile surgeries is inducing the higher demand for these clips. Furthermore, the usage of these clips in minimally invasive procedures reduced blood leakage while minimizing incisions.

Some of the significant players in the global surgical clips market include Andrei and Sinolinks, MerilLifesciences Pvt. Ltd., Teleflex Incorporated, Scanlan International, Inc., Johnson & Johnson (Ethicon), Grena Ltd., Edwards Lifesciences Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, and Ackermann Medical GmbH & Co.

Asia Pacific accounts for the largest share in the global surgical clips market due to the presence of the huge patient population along with the good volume of undergoing surgeries in the region.

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