Market Overview 2022-2027:

According to the global surgical clips market report by IMARC Group, the market reached a value of 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.

Industry Definition and Application:

Surgical clips are devices commonly used by medical practitioners to close wounds during numerous surgical procedures. They are widely used for vessel closures and insecure fixation on tubular structures. They are generally made of various elements, including cobalt, stainless steel, aluminum, vanadium, and nickel. They are also used to close the artery and cystic duct to stop bleeding or bile leakage during laparoscopic cholecystectomy. Since they do not penetrate the blood vessels, surgical clips are gaining immense traction across the globe as an alternative to suturing and staplers for ligation in patients undergoing surgeries.

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Market Trends:

The global surgical clips market is primarily driven by the rising number of surgical procedures due to an increase in instances of injuries during sports activities and accidents. Moreover, the shifting consumer preferences toward cosmetic surgeries owing to increasing focus on maintaining an aesthetic appearance is positively influencing the market growth.

Additionally, the rising prevalence of chronic diseases that require mandatory surgical procedures and the expanding geriatric population are other major growth-inducing factors. Besides this, the implementation of stringent policies by governments of numerous countries on patient safety and health is contributing to market growth.

Other factors, including ongoing research and development (R&D) activities, improvements in the healthcare infrastructure, and rising investments by public and private firms for improving medical facilities, are also anticipated to propel the market growth.

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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

Competitive Landscape with Key Player:

• Ackermann Instruments GmbH
• 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.
• Teleflex Incorporated

About Us:

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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