According to the latest report by IMARC Group, title “Surgical Clips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global surgical clips market size reached US$ 405.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 591.8 Million by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
Surgical Clips Industry Outlook:
Surgical clips refer to sterile medical equipment which are used to rapidly control bleeding from arteries and blood vessels. They are manufactured from biocompatible and inert materials, such as polyester fiber, sterile titanium, nickel, aluminum, stainless steel alloy, and cobalt. These clips are also adopted for controlling duct and artery and removing an ovary, gallbladder, tube, or uterus during a hysterectomy. Surgical clips are not penetrated into the blood vessels due to which they are widely used instead of staplers for any surgical application. In recent years, surgical clips have gained traction on account of the exponential growth in the healthcare industry.
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Market Trends:
One of the primary factors driving the market is the increasing prevalence of surgical procedures due to the increasing number of individuals diagnosed with chronic illnesses, such as cancer, arthritis, obesity, and cardiovascular diseases (CVDs) and increasing geriatric population. Other than this, the increasing adoption of minimally invasive techniques in order to enhance recovery time, lessen post-surgery complications, reduce duration of hospital days, and convenience of treatment is positively influencing the market growth.
Besides this, the utilization of surgical clips in minimally invasive surgeries reduces incisions and prevents bile and blood leakage. Other growth-inducing factors include rising fatal road accidents, extensive research and development (R&D) activities by key players and the implementation of stringent healthcare norms by governments of numerous nations.
| Surgical Clips Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 405.2 Billion |
| Market forecast in 2027 | US$ 591.8 Billion |
| Growth Rate | CAGR of 6.30% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Material Type, Surgery Type, End User and Region |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Ligating Clips
- Aneurysm Clips
- Others
Breakup by Material Type:
- Titanium
- Polymer
- Others
Breakup by Surgery Type:
- Automated Surgery Clips
- Manual Surgery Clips
Breakup by End User:
- Hospital and Clinic
- Ambulatory Surgery Center
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Ackermann Instruments GmbH, B. Braun Melsungen AG, Boston Scientific Corporation, Edwards Lifesciences Corporation, Grena Limited, Johnson & Johnson, LeMaitre Vascula Inc., LocaMed Ltd., Medtronic plc, Meril Life Sciences Pvt. Ltd. (Micro Life Sciences Private Limited), Scanlan International Inc. and Teleflex Incorporated.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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