Market Overview:
The global surgical clips market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing number of surgeries, technological advancements, and rising demand for minimally invasive surgeries. The titanium surgical clips segment is expected to dominate the market during the forecast period owing to its properties such as biocompatibility and corrosion resistance. By application, hospitals are expected to account for the largest share of the global surgical clips market in 2018.
Product Definition:
Surgical clips are small metal devices that are used to close surgical incisions. They are also known as staples, but surgical clips are typically smaller and less likely to cause tissue damage.
Titanium:
Titanium is a metal, which has the highest melting point of any element. It is strong, lightweight and corrosion-resistant. These properties make it ideal for use in medical devices where high tensile strength and biocompatibility are required. The most common application of titanium is in surgical clamps used during laparoscopic procedures as they provide excellent support to the abdominal wall without cutting or damaging sensitive tissues like nerves or blood vessels.
Polymer:
Polymer is a long-chain polymer that is extensively used in the manufacturing of surgical clips. Polymers are synthetic or artificial materials, which are manufactured for specific purposes and have applications in many fields including medical devices. Surgical clips made up of polymers offer advantages such as they do not rust or corrode, they can be sterilized easily and most importantly they provide better adhesion to the tissues than metal clip counterparts.
Application Insights:
Based on application, the global surgical clips market is segmented into hospitals, ambulatory surgical centers, others and emergency rooms. The hospitals segment dominated the market in 2017 owing to increasing prevalence of chronic diseases such as cancer and cardiac arrest that require surgeries for proper treatment. Moreover, an increase in number of childbirths has led to a rise in demand for obstetrics procedures which also contributes to the growth of this segment.
The others application segment includes clinics or medical centers that do not have their own operating theaters but perform surgeries at client¢â‚¬â„¢s homes or other non-clinical areas such as conference rooms or halls. Increasing adoption of minimally invasive procedures has led to an increase in number of these surgeries being performed outside clinical settings which is expected to drive growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the increasing number of road accidents, sports injuries, and other trauma cases that require surgical intervention. The presence of well-developed healthcare infrastructure and high per capita healthcare spending are also some factors contributing to market growth in this region.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising medical tourism activities supported by low procedural costs compared with those prevailing in developed countries such as U.S., Canada, and UK. In addition, an increase in government initiatives for improving public health system is likely to boost demand for surgical clips over the forecast period as it will reduce hospital stays & emergency room visits & curb medical expenditure thereby driving regional market expansion over the next eight years (2018 - 2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global surgical clips market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic and result in shorter hospital stays, which is driving the growth of the surgical clips market.
- Technological advancements: The surgical clips market is witnessing technological advancements with new products being launched in the market. This is helping surgeons to perform complex procedures with ease and accuracy, thereby driving the growth of this market.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and this is leading to an increase in age-related diseases such as cancer, which require surgery for treatment. This is fueling the growth of the surgical clips market as these devices are used extensively in surgeries performed on elderly patients..
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Clips Market Research Report
By Type
Titanium, Polymer, Others
By Application
Hospitals, Ambulatory Surgical Centers, Others
By Companies
3M, BD, Cardinal Health, Medline Industries, Ackermann Medical, B. Braun, Boston Scientific, Edwards Lifesciences, Grena, Medtronic, 3M, Teleflex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Clips Market Report Segments:
The global Surgical Clips market is segmented on the basis of:
Types
Titanium, Polymer, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- BD
- Cardinal Health
- Medline Industries
- Ackermann Medical
- B. Braun
- Boston Scientific
- Edwards Lifesciences
- Grena
- Medtronic
- 3M
- Teleflex
Highlights of The Surgical Clips Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Titanium
- Polymer
- Others
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surgical Clips Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Surgical clips are a type of medical device that are used to close off blood vessels. They come in different sizes and shapes, and can be attached to the skin with adhesive or by using a wire.
Some of the major players in the surgical clips market are 3M, BD, Cardinal Health, Medline Industries, Ackermann Medical, B. Braun, Boston Scientific, Edwards Lifesciences, Grena, Medtronic, 3M, Teleflex.
The surgical clips market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Surgical Clips Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Surgical Clips Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Surgical Clips Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Surgical Clips Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Surgical Clips Market Size & Forecast, 2018-2028
4.5.1 Surgical Clips Market Size and Y-o-Y Growth
4.5.2 Surgical Clips Market Absolute $ Opportunity
Chapter 5 Global Surgical Clips Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Surgical Clips Market Size Forecast by Type
5.2.1 Titanium
5.2.2 Polymer
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Surgical Clips Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Surgical Clips Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Surgical Clips Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Surgical Clips Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Surgical Clips Analysis and Forecast
9.1 Introduction
9.2 North America Surgical Clips Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Surgical Clips Market Size Forecast by Type
9.6.1 Titanium
9.6.2 Polymer
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Surgical Clips Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Surgical Clips Analysis and Forecast
10.1 Introduction
10.2 Europe Surgical Clips Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Surgical Clips Market Size Forecast by Type
10.6.1 Titanium
10.6.2 Polymer
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Surgical Clips Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Surgical Clips Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Surgical Clips Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Surgical Clips Market Size Forecast by Type
11.6.1 Titanium
11.6.2 Polymer
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Surgical Clips Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Surgical Clips Analysis and Forecast
12.1 Introduction
12.2 Latin America Surgical Clips Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Surgical Clips Market Size Forecast by Type
12.6.1 Titanium
12.6.2 Polymer
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Surgical Clips Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Surgical Clips Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Surgical Clips Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Surgical Clips Market Size Forecast by Type
13.6.1 Titanium
13.6.2 Polymer
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Surgical Clips Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Surgical Clips Market: Competitive Dashboard
14.2 Global Surgical Clips Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 BD
14.3.3 Cardinal Health
14.3.4 Medline Industries
14.3.5 Ackermann Medical
14.3.6 B. Braun
14.3.7 Boston Scientific
14.3.8 Edwards Lifesciences
14.3.9 Grena
14.3.10 Medtronic
14.3.11 3M
14.3.12 Teleflex
