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The surgical clips market size is forecast to increase by USD 186.3 million at a CAGR of 5.93% between 2023 and 2028.
The surgical clips industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The hospitals and clinics segment is estimated to witness significant growth during the forecast period.
In the healthcare industry, surgical clips play a crucial role in various surgical procedures, including urological, cardiothoracic, bariatric, gynecological, and general surgeries. These clips, made from biocompatible materials like titanium or absorbable substances, are integral to tissue approximation, hemostasis control, and wound closure during minimally invasive surgeries. Clip technology continues to evolve, with innovations in clip design, placement, size, and closure ensuring greater efficacy, safety, and patient satisfaction. Surgical clips are used extensively in various surgical procedures, from cardiothoracic and neurological surgeries to laparoscopic and orthopedic procedures. Their application extends to vascular surgeries, tissue approximation, and hemostasis control, making them indispensable surgical instruments.
Clips are also used in wound closure, with clip applicators and removers facilitating their deployment and removal. Biomedical engineering has played a significant role in the advancement of clip technology, leading to clip certification and standardization. Despite their importance, clips face challenges such as clip failure, migration, and complications related to clip material. These challenges necessitate ongoing research and innovation to improve clip safety, strength, and cost-effectiveness. Medical devices like surgical staplers and hemostatic clips serve as alternatives to surgical clips, but their use depends on the specific surgical procedure and the surgeon's preference. Regulation of surgical clips is crucial to ensure their safety and efficacy, with regulatory bodies overseeing clip design, manufacturing, and deployment.
Surgical clips continue to be an essential component of surgical procedures, with their use spanning various surgical specialties and evolving to meet the demands of minimally invasive surgeries. The ongoing research and innovation in clip technology aim to address challenges related to clip safety, efficacy, and cost, ensuring that surgical clips remain a valuable tool in the healthcare industry.
The Hospitals and clinics segment was valued at USD 333.60 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market encompasses various applications in urological surgery, cardiothoracic surgery, bariatric surgery, tissue approximation, and wound closure, among others. Biocompatible clips, a key market trend, are integral to hemostasis control during surgical procedures. Minimally invasive surgeries, such as laparoscopic and orthopedic procedures, utilize clip technology for tissue approximation and hemostasis. The market comprises vascular clips, ligating clips, hemostatic clips, and absorbable and titanium clips, among others. Surgical instruments, including clip applicators and removers, facilitate clip deployment and removal. Innovation in clip design and placement techniques, along with regulatory compliance and certification, ensure clip efficacy, safety, and standardization.
The market's growth is driven by the increasing number of surgical procedures, particularly in North America, where chronic conditions, government and private insurance coverage, and healthcare infrastructure improvements fuel demand. The region's growing number of specialty hospitals, ASCs, and partnerships between hospitals and ASCs further contribute to market expansion. Major players in the market focus on research and development to introduce new clip technologies, improve clip strength, and address surgical complications related to clip material and clip failure. Biomedical engineering plays a crucial role in clip innovation and production. The market's future direction lies in the continued development of advanced clip technologies, ensuring optimal patient outcomes and minimizing surgical risks.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The surgical clips market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the surgical clips market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, surgical clips market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Ackermann Instrumente GmbH - The company specializes in providing a range of advanced surgical clips for medical professionals.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a diverse range of products utilized in various medical procedures. Market trends indicate a growing focus on biocompatibility and sterilization to ensure patient safety. Clip pricing remains a significant factor, with manufacturers continually seeking cost-effective solutions without compromising quality. Clip labeling and traceability are crucial for efficient inventory management and ensuring regulatory compliance. Clinical trials and validation are essential for new clip designs and materials, driving innovation trends in the industry. Corrosion and fatigue testing are essential components of clip manufacturing to ensure durability and longevity. Reimbursement policies and market share analysis are critical factors influencing market growth.
Competitive analysis reveals a focus on developing advanced clip delivery and deployment systems, enhancing clinical outcomes and reducing procedural complexity. Innovation trends include the integration of smart technologies and biodegradable materials. Clip testing, including biocompatibility and sterilization, is a key area of investment for manufacturers to meet regulatory requirements and maintain market competitiveness. The future of the clip market lies in continued advancements in material science, manufacturing processes, and clinical applications.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Surgical Clips Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
143 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.93% |
Market growth 2024-2028 |
USD 186.3 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.5 |
Key countries |
US, Canada, Germany, Japan, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this surgical clips market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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