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Surgical Clips Market Size

Report ID: GMI12161
Published Date: Nov 2024
Report Format: PDF

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Surgical Clips Market Size

The global surgical clips market size was valued at USD 655.9 million in 2023 and is estimated to grow at 11.9% CAGR from 2024 to 2032. Surgical clips, small clamp-like devices, play a crucial role in medical procedures. They are primarily employed to close or secure tissues, blood vessels, or ducts, aiding in bleeding control and promoting healing. Serving as an alternative to traditional sutures and staples, these clips ensure a secure occlusion of vessels and tissues while minimizing trauma.

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The global surge in surgical procedures significantly drives the expansion of the surgical clips market. Projections from the World Health Organization (WHO) highlight a demographic shift: by 2030, one in six people worldwide will be aged 60 or older. The population in this age group is set to rise from 1 billion in 2020 to 1.4 billion. By 2050, this figure is expected to double to 2.1 billion. Notably, those aged 80 and above are projected to triple from 2020 levels, reaching 426 million.

Surgical Clips Market Report Attributes
Report Attribute	Details
Base Year:	2023
Surgical Clips Market Size in 2023:	USD 655.9 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	11.9%
2032 Value Projection:	USD 1.8 Billion
Historical Data for:	2021 - 2023
No. of Pages:	138
Tables, Charts & Figures:	134
Segments covered:	Type, Material Type, Surgery Type, End Use, and Region
Growth Drivers:	Growing number of surgical interventions globally Technological advancements in surgical clips Rising prevalence of chronic diseases Expansion of healthcare infrastructure
Pitfalls & Challenges:	Stringent regulatory requirements Dearth of skilled professionals

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With an aging global population comes an uptick in chronic diseases, including cardiovascular issues, cancer, and gastrointestinal disorders. This trend drives a heightened demand for both major and minimally invasive surgical interventions. In these surgeries, surgical clips play an indispensable role, offering a swift and reliable method to occlude blood vessels and tissues. This capability not only shortens surgical time but also enhances patient outcomes. Moreover, the rising prevalence of laparoscopic and robotic-assisted surgeries, which often depend on the precision and effectiveness of surgical clips, further fuels the market's growth.

Innovations in materials and design have birthed surgical clips that are not only more effective but also safer and user-friendly. For example, advanced polymer clips, known for their enhanced biocompatibility, are gaining traction across diverse surgical applications due to their reduced adverse reactions. Furthermore, the introduction of absorbable clips caters to specific surgical requirements, leading to improved patient outcomes and expedited recovery, thereby propelling market growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of surgical clips reached USD 655.9 million in 2023 and is estimated to grow at an 11.9% CAGR from 2024 to 2032, driven by the increasing number of surgical interventions globally.

The titanium segment held a 59.2% market share in 2023 and is forecasted to reach USD 1 billion by 2032, owing to titanium's lightweight and robust tensile strength.

The U.S. market is projected to achieve a valuation of USD 642.4 million by 2032, supported by the rising number of annual surgical procedures.

Key players in the industry include Ackermann Instrumente, Applied Medical Resources, B. Braun Melsungen, Boston Scientific, Cook Medical, Grena, Johnson & Johnson, MAC's Medical Group, Medtronic, Meril Life Sciences, Sinolinks Medical Innovation, and Teleflex.