Surgical Clips Market Research Growth by End-user and Geography - Forecast and Analysis - 2022-2026

According to the research report, the surgical clips market will witness a growth of 5.15 % with a CAGR of 5.43, and the market share is expected to increase by USD 152.57 million during the forecast period 2021 to 2026.

This surgical clips market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the surgical clips market segmentation by end-user (hospitals and clinics and ambulatory surgery centers) and geography (North America, Europe, APAC, and the Rest of the World (ROW)). The surgical clips market report also offers information on several market vendors, including Ackermann Instrumente GmbH, Amsel Medical Corp., B. Braun SE, Boston Scientific Corp., Changzhou Lookmed Medical Instrument Co. Ltd., Edwards Lifesciences Corp., Gebruder Martin GmbH and Co. KG, Grena Ltd., Hangzhou Kangji Medical Instruments Co. Ltd., Johnson & Johnson, LeMaitre Vascular Inc., Medtronic Plc, Mizuho Medical Co. Ltd., Novo Surgical Inc., Peters Surgical, Qingdao DMD Medical Technology Co. Ltd., Scanlan International Inc., Sklar Surgical Instruments, STERIS Plc, and Teleflex Inc. among others.

What will the Surgical Clips Market Size be During the Forecast Period?

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Surgical Clips Market: Key Drivers, Trends, and Challenges

The increasing number of surgical procedures is notably driving the surgical clips market growth, although factors such as risks and complications associated with surgical clips may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the surgical clips industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Surgical Clips Market Driver

The increasing number of surgical procedures is notably driving the surgical clips market growth. The increasing number of surgical procedures such as lumpectomy, orthopedic procedures such as muscle and bone repair surgical procedures, and general surgery cases such as appendectomy will increase the demand for surgical clips. In 2020,  the Healthcare Cost and Utilization Project (HCUP) reported that in 2019, most of the surgeries performed in ASCs and inpatient settings were related to male genital, endocrinal, musculoskeletal, digestive, cardiovascular, and female genital problems. Like developed and developing countries, the number of surgical cases is increasing in low and middle-income countries (LMICs) as well. Factors such as increasing incidence of chronic disease conditions, infectious diseases, maternal disease, neonatal disease, non-communicable diseases, and injuries have increased the number of surgical cases in LMICs. Hence, the increasing adoption of surgical clips will drive the growth of the surgical clips market during the forecast period.

Key Surgical Clips Market Trend

The growing focus on developing dissolvable clips using magnesium alloy is the primary trend driving the surgical clips market growth. The use of surgical clips is rising with the increase in the number of surgical procedures. However, there are some complications associated with the use of surgical clips, such as the migration of these clips from one place to another. In some surgical procedures, the clips remain inside the patient's body until the surgical incision or wound heals. This increases the chances of developing an infection, which can affect the healing of the wound. Currently, surgeons highly rely on surgical clips that are made from polymer, titanium, or stainless steel to achieve hemostasis. These clips can cause severe pain when they press against nerve endings. The presence of a metal surgical clip can also interfere with scanning techniques such as CT and MRI. Hence, to overcome the issues associated with metal surgical clips, manufacturers and research institutes are focused on developing dissolvable surgical clips. Hence this will help to boost the surgical clips market growth during the forecast period.

Key Surgical Clips Market Challenge

The risks and complications associated with surgical clips are a major challenge impeding market growth. Though surgical clips are increasingly used in surgical procedures, they are associated with some rare risks and complications, such as the migration of clips from one place to another, which can be harmful to the patient. For example, hepatic resection is a standard surgical procedure for patients with hepatocellular carcinoma. In this surgical procedure, to achieve better hemostasis, surgeons use surgical clips that can help in vessel ligation. However, the surgical clip can migrate from the dome of the liver to the anterior abdominal wall, which can cause a dense foreign body reaction and lead to inflammation due to granuloma and abscess formation. The migration of surgical clips has been identified in many post-surgical cases, and the average time of clip migration is generally two years. The average migration time period can also vary from 11 days to 20 years. The reason for clip migration can be the pressure exerted by intra-abdominal organ movements. Hence, the risks and complications associated with surgical clips hinder their use and pose a potential threat to market growth. 

This surgical clips market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global surgical clips market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the surgical clips market during the forecast period.

Who are the Major Surgical Clips Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Ackermann Instrumente GmbH
• Amsel Medical Corp.
• B. Braun SE
• Boston Scientific Corp.
• Changzhou Lookmed Medical Instrument Co. Ltd.
• Edwards Lifesciences Corp.
• Gebruder Martin GmbH and Co. KG
• Grena Ltd.
• Hangzhou Kangji Medical Instruments Co. Ltd.
• Johnson & Johnson
• LeMaitre Vascular Inc.
• Medtronic Plc
• Mizuho Medical Co. Ltd.
• Novo Surgical Inc.
• Peters Surgical
• Qingdao DMD Medical Technology Co. Ltd.
• Scanlan International Inc.
• Sklar Surgical Instruments
• STERIS Plc
• Teleflex Inc.

 

This statistical study of the surgical clips market encompasses successful business strategies deployed by the key vendors. The surgical clips market is fragmented, and the vendors are deploying growth strategies such as focusing on technological innovations and advances to differentiate their product offerings to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The surgical clips market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Surgical Clips Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the surgical clips market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Surgical Clips Market?

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42% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for surgical clips market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The growing number of chronic conditions and an increasing number of surgical procedures will facilitate the surgical clips market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The COVID-19 pandemic in 2020 had a negative impact on the surgical clips market in North America, as it resulted in the temporary closure of various industries, including those manufacturing surgical clips. The governments of various countries, such as the US, Canada, and Mexico, imposed stringent COVID-19-related restrictions, such as nationwide lockdowns and stay-at-home regulations. This resulted in reduced demand for surgical clips. Additionally, manufacturers faced supply chain disruptions due to labor and raw material shortages. The shutdowns adversely impacted their production and distribution activities. However, in 2021, the demand for these products rebounded as manufacturing activities reopened due to COVID-19 vaccination drives. These factors will thus drive the growth of the regional surgical clips market during the forecast period.

What are the Revenue-generating End-user Segments in the Surgical Clips Market?

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The surgical clips market share growth in the hospitals and clinics segment will be significant during the forecast period. Hospitals and clinics offer a large number of inpatient and outpatient services. The overall cost of surgeries in specialized operating rooms can increase the cost burden for patients. In such cases, surgical products such as surgical clips can be used to reduce the overall cost of the surgical procedure and, at the same time, minimize infection and reduce the surgery time. Hence, they are widely adopted by hospitals and clinics. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the surgical clips market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Surgical Clips Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.43%
Market growth 2022-2026	$152.57 million
Market structure	Fragmented
YoY growth (%)	5.15
Regional analysis	North America, Europe, APAC, and the Rest of the World (ROW)
Performing market contribution	North America at 42%
Key consumer countries	US, Canada, Japan, China, Germany, and Ukraine
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Ackermann Instrumente GmbH, Amsel Medical Corp., B. Braun SE, Boston Scientific Corp., Changzhou Lookmed Medical Instrument Co. Ltd., Edwards Lifesciences Corp., Gebruder Martin GmbH and Co. KG, Grena Ltd., Hangzhou Kangji Medical Instruments Co. Ltd., Johnson & Johnson, LeMaitre Vascular Inc., Medtronic Plc, Mizuho Medical Co. Ltd., Novo Surgical Inc., Peters Surgical, Qingdao DMD Medical Technology Co. Ltd., Scanlan International Inc., Sklar Surgical Instruments, STERIS Plc, and Teleflex Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Surgical Clips Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive surgical clips market growth during the next five years
• Precise estimation of the surgical clips market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the surgical clips industry across North America, Europe, APAC, and the Rest of the World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of surgical clips market vendors

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