Surgical Clips Market Size, Growth | Key Players, Forecast by 2022-27

Market Overview 2022-2027:

The latest research study “Surgical Clips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds the global surgical clips 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.

Surgical Clips Market Report Scope
Report CoverageDetails
Market size value in 2021US$ 405.2 Billion
Market forecast in 2027US$ 591.8 Billion
Growth RateCAGR of 6.30% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments coveredType, Material Type, Surgery Type, End User and Region

Report 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
  • B. Braun Melsungen AG
  • Medtronic plc
  • Meril Life Sciences Pvt. Ltd. (Micro Life Sciences Private Limited)
  • Scanlan International Inc.
  • Boston Scientific Corporation
  • Edwards Lifesciences Corporation
  • Grena Limited
  • Johnson & Johnson
  • LeMaitre Vascula Inc.
  • LocaMed Ltd.
  • Teleflex Incorporated.

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