Home > Healthcare > Medical Devices > Surgical Devices > surgical clips market
Get a free sample of Surgical Clips Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Surgical Clips Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
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.
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.
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.
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.
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 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.