Global Surgical Clips Market, By Product Material (Titanium, Tantalum and Polymer), Type (Ligating Clips and Aneurysm Clips), Surgery Type (Automated Surgery Clips and Manual Surgery Clips), End User (Hospitals, Clinics and Ambulatory Surgery Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Surgical clips market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 7,632.59 billion by 2028 growing at a CAGR of 5.13% in the above-mentioned forecast period. The growing awareness amongst the physicians and patients regarding the benefits associated with the usage of smart thermometers has been directly impacting the growth of surgical clips market.
Surgical instruments are a tool used to prevent bleeding in the arteries and veins. The increase in the number of surgical procedures worldwide, the rise in the acceptance of surgical instruments, the advancement of technology in surgical videos, and the awareness of surgical instruments are factors that contribute to the growth of the market for surgical instruments. Other factors such as better clinical outcomes, lower cost-effectiveness, and greater convenience, continue to boost the market growth.
Increasing demand for surgical instruments among the population will enhance the market's need. Growth in several surgical procedures across the globe and the adoption of surgical clips in medical treatment will also intensify the market growth. An increasing number of surgical cases are also expected to drive the market. Technological advancements and a rapid increase in the geriatric population globally is an opportunity for the surgical clips market.
Migration of surgical clips due to poor holding power is a challenging factor for the surgical clips market. Higher costs and postoperative complications are restraint in the growth of the surgical clips market across the globe in the forecast period of 2021- 2028.
This surgical clips market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research surgical clips market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
In August 2017, Boston Scientific Corporation launched Resolution 360 clip which is designed to provide efficiency and it provides the ability for the physician to rotate the clip at the biopsy cap on the scope. With this, the company has enhanced its offering to its customers.
Surgical Clips Market Scope and Market Size
Surgical clips market is segmented on the basis of product material, type, surgery type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product material, the surgical clips market is segmented into titanium, tantalum and polymer.
- Based on type, the surgical clips market is segmented into ligating clips and aneurysm clips.
- Surgical clips market is also segmented on the basis of surgery type which includes automated surgery clips and manual surgery clips.
- Based on end user, the surgical clips market is segmented into hospitals, clinics and ambulatory surgery centers.
Surgical Clips Market Country Level Analysis
Surgical clips market is analysed and market size insights and trends are provided by country, product material, type, surgery type and end user as referenced above.
The countries covered in the surgical clips market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the surgical clips market due to the increasing incidence of chronic diseases and rising number of surgical cases in the region and the availability of higher number of trained medical professionals and supportive reimbursement policies in the healthcare system. Asia-Pacific region is projected to witness a robust growth by the end 2024. Further, the developing medical infrastructure, increasing spending on healthcare and growing population are expected to boost the growth of smart surgical clips market in Asia-Pacific region.
The country section of the surgical clips market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Surgical clips market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for surgical clips market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical clips market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Surgical Clips Market Share Analysis
Surgical clips market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to surgical clips market.
The major players covered in the surgical clips market report are 3M, Maxer Medizintechnik GmbH, BMC-PRIMA, Frankenman International Ltd, Purple Surgical, Stryker, Meril Life Sciences Pvt. Ltd., Scanlon International, Inc., Medtronic, Lemaitre Vascular, Inc., Grena Ltd., Ackermann INNOVATING TRADITION., Teleflex Incorporated, Johnson & Johnson Services, Inc., CONMED Corporation, Edwards Lifesciences Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Sklar Corporation, Novo Surgical Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.