Surgical Clips Market

Global Surgical Clips Market Size (2024 to 2029)

The global market size for surgical clips is expected to grow at a CAGR of 22.67% from 2024 to 2029 and be worth USD 4049.42 million by 2029 from USD 1457.81 million in 2024.

Surgical clips are sterile medical devices used to stop bleeding in blood vessels and arteries quickly. Because these clips do not need to enter blood vessels, they are preferred over staples in several surgical applications. Surgical clips are sterile surgical instruments that come in a variety of sizes. Things are held together with clips. Clips can be used in a variety of medical situations.

MARKET DRIVERS

The factors that are projected to drive the global surgical clips market are an increase in the number of surgical procedures performed, technological advancements, an increase in the number of chronic diseases and technical improvements in clipping, and an increase in clipping awareness.The use of minimally invasive procedures to enhance recovery time, reduce hospital stays, minimize post-surgery complications, and provide the convenience of treatment during surgeries, especially among the elderly, are other key factors driving the surgical clips market expansion. In minimally invasive operations, ligating clips have been shown to reduce incisions and avoid bile and blood leakage.  Due to surgical clips’ features such as reduced cost compared to other surgical devices, improved sterilization and inertness, watertight closure, and ready-to-use and handy preloaded disposable clip cartridges, this market is forecasted to witness significant growth during the forecast period.

In addition, the global market for surgical clips is being bolstered by the developing medical tourism sector and the rising popularity of cosmetic operations. Furthermore, a considerable increase in deadly road accidents and high hospital admission rates fuel the demand for surgical clips around wounds. Furthermore, because retained clips degrade the quality of computed tomography (CT) and magnetic resonance imaging (MRI) images and cause difficulties, researchers are working on safe alternatives that can be destroyed or absorbed by the body after a set time. As a result, surgical clips are expected to become more prevalent in clinical use worldwide since they can reduce the rate of postoperative complications and issues connected with diagnostic imaging.

MARKET RESTRAINTS

On the other hand, the expansion of the global surgical clips market is expected to be hampered by higher costs and postoperative complications throughout the forecast period. In addition, the surgical clips market faces a challenge in the form of surgical clip migration due to weak holding power. The patient may be harmed if clips are moved from one location to another. The pressure imposed by intra-abdominal organ motions causes clips to migrate from one location to another. Furthermore, surgical clips can cause difficulties during diagnostic imaging procedures, which could slow the market's growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Surgical Clips Market By Type

Over the forecast period, the ligating clips segment is expected to dominate the market. The market for ligating clips is growing, and it is expected to grow even more throughout the period. The increasing number of operations and the growing burden of the senior population are driving the expansion of the ligating clips market. These clips are used in surgeries to close vessels and secure tubular constructions that are not secure.

Global Surgical Clips Market By Material Type

Because of its advantages, such as inertness, dependability, and cost-effectiveness, the titanium surgical clip segment is currently the leading segment in the surgical clips market. They're used for various things, including wound closure and bowel anatomy. Titanium surgical clips are quite effective, and they allow the physician to shorten the surgery time.

Global Surgical Clips Market By Surgery Type

Due to factors such as an increase in surgeries such as artery bypass, Lumpectomy, laparoscopic cholecystectomy, Endoscopic retrograde cholangiopancreatography, Thrombectomy, and many more to deal with contemporary health problems that are pushing the demand for surgical clips usage in the medical field, and the overall presence of general surgical methods as opposed to robotics techniques, the General segment held the largest share in 2021.

Global Surgical Clips Market  By End-User

Due to the enormous procedure volume and preventive surgeries, the hospitals & clinic segment grabbed the most significant share in the global surgical clips market in 2022. The need for surgical clips has expanded dramatically in hospitals as the number of surgical operations such as neurosurgery and abdominal laparoscopy has increased, as has the incidence of injuries. In addition, insurance companies reimburse medical bills in wealthy countries that include ligature costs. As a result, the number of surgical procedures conducted in hospitals using clipping equipment increased, positively impacting segment growth.

REGIONAL ANALYSIS

Due to the high population base, increased awareness of surgical clips, expansion of healthcare infrastructure, and increased demand for minimally invasive treatments, Asia-Pacific delivers attractive prospects for key players operating in the surgical clips market.

North America is expected to grow next to Asia during the forecast period. The rise in the number of preventive operations, the widespread use of technologically improved instruments, and the growing desire for less invasive surgical treatments contribute to this trend. In addition, the United States is home to most market participants, making it the market's hub.

The European region is expected to increase at a healthy rate during the forecast period. The rising prevalence of chronic diseases, high adoption of advanced technologies, a large senior population, increased reimbursement for surgical procedures, and the growing demand for minimally invasive procedures over traditional methods contribute to the market's growth.

KEY PLAYERS IN THE GLOBAL SURGICAL CLIPS MARKET

Ackermann Medical GmbH & Co., B. Braun Melsungen AG, Boston Scientific Corporation, Edwards Lifesciences Corporation, Grena Ltd., Johnson & Johnson (Ethicon, Inc.), Lemaitre Vascular, Inc., Medtronic Plc., Scanlan International, Inc. and Teleflex Incorporated are a few of the promising companies operating in the global surgical clips market profiled in this report.

RECENT MARKET DEVELOPMENTS

• InnoClipTM 5mm Multi-fire Titanium Clip Applier to Facilitate the Outcome of Minimally Invasive Surgery was launched by Taiwan Surgical Corporation in 2020.

• On February 5, 2021, the FDA (United States Food and Drug Administration) approved Meril Endo Surgery's Mirus Circular Stapler. The Mirus Circular Stapler is comparable to previous implantable stapler devices used to generate stapled gastrointestinal anastomoses, and it comes pre-loaded with staples for one-time usage.

DETAILED SEGMENTATION INCLUDED IN THIS REPORT

This research report on the global surgical clips market has been segmented and sub-segmented based on the material type, surgery type, end-user, & region.

By Type

• Ligating
• Aneurysm

By Material Type

• Titanium
• Polymer

By Surgery Type

• Automated Surgery clips
• General Surgery clips

By End-User

• Hospital & Clinic
• Ambulatory Surgery Center

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa.