Surgical Clips Market

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.

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.

Surgical Clips Market Trends

• The expansion of healthcare infrastructure is a crucial catalyst for the growth of the surgical clips industry.
  
• With healthcare systems around the world investing in upgrading and expanding their facilities, the availability of advanced surgical technologies and equipment increases, leading to a higher volume of surgical procedures. New hospitals, ambulatory surgical centers (estimated to reach USD 144.7 billion by 2032), and specialty clinics are being established, particularly in emerging markets, which facilitates greater access to surgical interventions.
  
• This expansion not only enhances the capacity to perform surgeries but also promotes the adoption of modern surgical techniques, including minimally invasive procedures where surgical clips are commonly utilized.
  
• Therefore, the growing healthcare infrastructure directly contributes to the rising demand for surgical clips, reinforcing their importance in contemporary surgical practices and ultimately improving patient outcomes.
  

Surgical Clips Market Analysis

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The market is segmented into ligating, aneurysm, and other types. In 2023, the ligating segment dominated with a 68.5% market share.

• The ligating segment's dominance is largely attributed to the widespread adoption of ligating clips in various surgical procedures. This is especially true for minimally invasive surgeries, where precise blood flow control is paramount.
  
• Surgeons prefer ligating clips due to their effectiveness in securing blood vessels, tissues, and other anatomical structures. This capability not only prevents excessive bleeding but also ensures smoother surgical outcomes. Additionally, the clips' ease of use, reliability, and ability to minimize tissue trauma further bolster their popularity among surgeons.
  
• Furthermore, ongoing innovations in clip designs, especially those that enhance compatibility with laparoscopic and robotic surgeries, are set to propel this segment's growth, solidifying its dominant stance in the market.

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Based on material type, the surgical clips market is divided into titanium, polymer, and other materials. In 2023, titanium held a dominant 59.2% market share and is forecasted to surge, targeting a valuation of USD 1 billion by 2032. 

• Titanium's lightweight and robust tensile strength positions it as the preferred choice for various surgical applications, ensuring closures that maintain tissue integrity.
  
• Its biocompatibility further minimizes adverse reactions, enhancing patient safety and satisfaction. As surgical techniques advance, the demand for reliable closure solutions grows.
  
• Considering these factors, titanium surgical clips are poised for a promising future in the evolving healthcare landscape.
  

Based on surgery type, the surgical clips market is bifurcated automated/ robotic assisted surgery and general surgery. The automated/ robotic assisted surgery segment generated USD 146.4 million revenue in 2023.

• Robotic systems enhance dexterity and visualization, allowing surgeons to navigate intricate anatomical structures with precision.
  
• Growing clinical evidence endorsing the safety and efficacy of robotic procedures has fostered broader acceptance among both healthcare providers and patients.
  
• As hospitals aim to elevate patient outcomes and optimize operations, there's a noticeable uptick in investments towards robotic surgical technologies. The infusion of advanced imaging and AI into these systems further amplifies the precision of surgical clip placements and overall procedural success.
  
• These dynamics highlight the swift growth of the automated and robotic-assisted surgery segment within the market.
  

Based on end use, the surgical clips market is segmented into hospitals, ambulatory surgical centers, specialty clinics, and other users. In 2023, hospitals commanded a substantial 66.2% revenue share and are projected to enjoy a robust CAGR of 11.9% during the forecast period.

• This leading position stems from factors like the rising number of surgical procedures in hospitals and the growing prevalence of chronic diseases requiring surgical attention.
  
• Equipped with cutting-edge technology, hospitals adeptly manage intricate surgical cases necessitating surgical clips.
  
• Moreover, hospitals leverage economies of scale for efficient procurement and investment in innovative surgical solutions, driving the heightened demand for surgical clips.
  
• As the healthcare landscape evolves, hospitals are set to maintain their pivotal role in the market.

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The U.S. surgical clips market is on track to achieve a valuation of USD 642.4 million by 2032.

• Annual surgical procedures in the U.S. are on the rise. For example, the FDA highlights that U.S. surgeons perform over 1 million hernia surgeries each year.
  
• As the frequency of surgeries increases, so does the demand for surgical clips, vital for securing tissues and vessels during these procedures.
  

The UK surgical clips market is poised for robust growth from 2024 to 2032.

• The UK's aging population is a primary driver for the heightened demand for surgical clips, given that older adults frequently require surgical interventions due to health issues.
  
• Data from The Centre for Ageing Better reveals a notable surge in England's older demographic. Over the past four decades, those aged 50 and above have increased by over 6.8 million, marking a 47% rise.
  
• Specifically, the 65 and older age group has expanded by over 3.5 million, a 52% uptick. Presently, this group exceeds 10 million, constituting 18% of the total population.
  
• Consequently, with the UK grappling with the implications of an aging society, the market is set for substantial growth.
  

Japan's surgical clips market is gearing up for lucrative growth between 2024 and 2032. In the market, technological advancements are propelling significant growth, particularly through innovative surgical techniques such as laparoscopic and robotic surgeries, which increasingly utilize specialized clips that enhance patient outcomes and accelerate recovery times. Thereby propelling the market growth in the region.

Saudi Arabia's surgical clips market is set for significant growth from 2024 to 2032. As part of its Vision 2030 initiative, Saudi Arabia is making substantial investments in its healthcare infrastructure. This encompasses building new hospitals and expanding current medical facilities, thereby boosting access to advanced surgical technologies. With an enhanced infrastructure, a rise in surgical volumes is anticipated, leading to increased demand for general surgery devices, including surgical clips.

Surgical Clips Market Share

The surgical clips industry is competitive, featuring both major global players and numerous small to medium-sized firms. A key strategy for participants is the continuous development of innovative surgical clip technologies that enhance functionality, safety, and ease of use. Significant investments in research and development focus on advancements in clip design, materials for improved biocompatibility, and manufacturing processes that increase efficiency and quality.

Strategic alliances with healthcare providers and research institutions are also critical for expanding market reach and adapting to regulatory standards. This collaborative approach addresses the growing demand for effective surgical solutions and strengthens competitive positioning within the market.

Surgical Clips Market Companies

Some of the eminent market participants operating in the surgical clips 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
• Teleflex
  

Surgical Clips Industry News

• In January 2022, Cook Medical launched the Instinct Plus Endoscopic Clipping Device for physicians in the U.S. This new device builds on the design of the original Instinct Endoscopic Clip, offering smoother operation and responsive handling, along with strong clip retention. It expands the indications for use beyond hemostasis and endoscopic marking to include compatibility with side-viewing scopes, applications for defect closure, anchoring procedures, and prophylactic clipping in the gastrointestinal (GI) tract. This product launch significantly contributed to the company's revenue growth and provided a competitive advantage in the surgical clips market.
  

The surgical clips market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

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Market, By Type

• Ligating
• Aneurysm
• Other types

Market, By Material Type

• Titanium
• Polymer
• Other material types 

Market, By Surgery Type

• Automated/ robotic assisted surgery
• General surgery         

Market, By End use

• Hospitals
• Ambulatory surgical centers
• Specialty clinics
• Other end users                     

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands 
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE