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Surgical Clips Market to Expand at a CAGR of 30.7 % from 2021 to 2030

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Surgical Clips Market size was valued at USD 467.5 million in 2020 and is projected to reach USD 6.3 Billion by 2030, growing at a CAGR of 30.7% from 2021 to 2030.

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Growth Factors

An increasing number of surgical procedures, the growing geriatric population, ease of operations, cost efficiency, and rising adoption of minimally invasive surgeries are the factors expected to contribute to the market growth. The presence of a large number of players at the global and local levels and their growth strategies to enhance product portfolios are likely to boost the market growth.

The adoption of surgical clips not only in laparoscopic procedures but also in open surgeries is expected to boost their demand in the upcoming years. Minimized incision size during surgeries and improved recovery time are the leading factors fueling the adoption of these devices among surgeons. The rise in robotic surgery procedures due to their high precision and surgical accuracy is also anticipated to play an important role in the market growth. 

Report Highlights

Titanium surgical clips held the largest revenue share of 92.6% in 2020. The advantages of titanium include durability, inertness, non-reactivity, high tensile strength, and lightness. Its exceptional compatibility with imaging modalities like CT, X-rays, and and the ability to effectively secure the closure of even the most delicate vessels during surgeries make it a preferred choice for surgical equipment, thereby leading to the segment growth.

General surgery held the largest share of 97.5% in 2020. Thoracic, vascular, urologic, gynecological, bariatric, and other general surgeries have a constant need for surgical clips. Reduced infection rate, faster healing time, minimized scar visibility, and increased patient satisfaction are the prominent advantages of surgical clips over sutures.

The hospitals segment captured the largest share of 88.8% in 2020 owing to the large procedural volume and preventive surgeries. With an increase in the number of surgical procedures, such as neurosurgery and abdominal laparoscopy, and the growing incidence of trauma, the demand for surgical clips has significantly increased in hospitals.

The ligating clips segment accounted for the largest revenue share of 88.2% in 2020. Ligating clips have numerous benefits like structural and dimensional stability, compatibility with open and endoscopic clip appliers, tactile feedback to allow surgeons to ensure accurate locking, high biocompatibility, and they effectively prevent biofluid leakage (such as bile and blood) post-surgical applications.

Asia Pacific held the largest share of 37.8% in 2020 and is expected to witness the fastest growth over the forecast period. The high patient population and a large volume of surgeries are some of the reasons fueling the regional market growth. Advancing healthcare infrastructure in the region and the growing medical tourism market in the region is attracting global market players in the region.

Key Players

  • Ackermann Medical GmbH & Co.
  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Edwards Lifesciences Corporation
  • Grena Ltd.
  • Johnson & Johnson (Ethicon)
  • Scanlan International, Inc.
  • Teleflex Incorporated.
  • MERIL LIFESCIENCES Pvt. Ltd.
  • Anrei and Sinolinks
Report Coverage Details
Market Size US$ 6.3 billion by 2030
Growth Rate CAGR of 30.7% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Material, Surgery Type, End User
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Ackermann Medical GmbH & Co.; B. Braun Melsungen AG; Boston Scientific Corporation; Edwards Lifesciences Corporation; Grena Ltd.; Johnson & Johnson (Ethicon); Scanlan International, Inc.; Teleflex Incorporated; MerilLifesciences Pvt. Ltd.; Anrei and Sinolinks

Market Segmentation

  • Type
    • Ligating
    • Aneurysm
  • Material
    • Titanium
    • Polymer
    • Others
  • Surgery Type
    • Automated/ Robotic Assisted Surgery
    • General Surgery
  • Hospitals End-user
    • Ambulatory Surgical Centers
    • Clinics
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Norway
      • Sweden
      • Russia
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
      • Thailand
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • Turkey
      • UAE

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Surgical Clips Market, By Type

7.1.  Surgical Clips Market, by Type, 2020-2030

7.1.1.    Ligating

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Aneurysm

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Surgical Clips Market, By Material

8.1.  Surgical Clips Market, by Material, 2020-2030

8.1.1.    Titanium

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Polymer

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Others

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Surgical Clips Market, By Surgery Type

9.1.  Surgical Clips Market, by Surgery Type, 2020-2030

9.1.1.    Automated/ Robotic Assisted Surgery

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    General Surgery

9.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Surgical Clips Market, By End-user

10.1.        Surgical Clips Market, by End-user, 2020-2030

10.1.1.  Ambulatory Surgical Centers

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Clinics

10.1.2.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Surgical Clips Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Type (2017-2030)

11.1.2.  Market Revenue and Forecast, by Material (2017-2030)

11.1.3.  Market Revenue and Forecast, by Surgery Type (2017-2030)

11.1.4.  Market Revenue and Forecast, by End-user (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Type (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Material (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Type (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Material (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Type (2017-2030)

11.2.2.  Market Revenue and Forecast, by Material (2017-2030)

11.2.3.  Market Revenue and Forecast, by Surgery Type (2017-2030)

11.2.4.  Market Revenue and Forecast, by End-user (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Type (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Material (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Type (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Material (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Type (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Material (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Type (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Material (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Type (2017-2030)

11.3.2.  Market Revenue and Forecast, by Material (2017-2030)

11.3.3.  Market Revenue and Forecast, by Surgery Type (2017-2030)

11.3.4.  Market Revenue and Forecast, by End-user (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Type (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Material (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Type (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Material (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Type (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Material (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Type (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Material (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Type (2017-2030)

11.4.2.  Market Revenue and Forecast, by Material (2017-2030)

11.4.3.  Market Revenue and Forecast, by Surgery Type (2017-2030)

11.4.4.  Market Revenue and Forecast, by End-user (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Type (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Material (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Type (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Material (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Type (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Material (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Type (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Material (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Type (2017-2030)

11.5.2.  Market Revenue and Forecast, by Material (2017-2030)

11.5.3.  Market Revenue and Forecast, by Surgery Type (2017-2030)

11.5.4.  Market Revenue and Forecast, by End-user (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Type (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Material (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by End-user (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Type (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Material (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Surgery Type (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by End-user (2017-2030)

Chapter 12.  Company Profiles

12.1.              Ackermann Medical GmbH & Co.

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              B. Braun Melsungen AG

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              Boston Scientific Corporation

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Edwards Lifesciences Corporation

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Grena Ltd.

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Johnson & Johnson (Ethicon)

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Scanlan International, Inc.

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Teleflex Incorporated.

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              MERIL LIFESCIENCES Pvt. Ltd.

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Anrei and Sinolinks

12.10.1.               Company Overview

12.10.2.               Product Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

Glossary of Terms

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