Surgical Clips Market - Forecast(2021 - 2026)

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Surgical Clips Market Overview
Surgical Clips Market size is forecast to reach $6.9 billion by 2025, growing at a CAGR of 5.41% during the forecast period 2020-2025. Surgical clips are sterile medical devices which are used to hold things together. Growing emphasis on patient safety and demand for enhanced treatment outcomes during surgical procedures are the major factors driving the growth of the market. Increasing number of cardiac and vascular surgeries being performed worldwide and technological advancements in clipping is set to further enhance the overall market demand of surgical clips during the forecast period 2020-2025. 

Key Takeaways
  • North America dominates the Surgical Clips market in 2019 owing to increase in demand for surgical clips and number of surgeries. The surgical clips market scope for different regions will be provided in the final report.
  • The increase in number of surgical procedures across the globe and surge in number of chronic diseases is likely to aid in the market growth of surgical clips market.
  • Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the surgical clips market report.
  • Migration of clips owing to poor holding power and postoperative complications is set to create hurdles for the surgical clips market.

Product - Segment Analysis
The Ligating clip segment held the largest share in the surgical clips market in 2019 and is estimated to grow at a CAGR of 4.21% during the forecast period 2020-2025. This is owing to increase in number of surgeries and increase in geriatric population. However, the aneurysm clips segment is set to exhibit rapid growth in the market during the forecast period 2020-2025 owing to increase in prevalence of aneurysm, and growth in demand for aneurysm clipping. The increase in number of surgical procedures is owing to the increasing injuries during sports activities and cardiac surgeries owing to high prevalence of cardiovascular diseases.

Types - Segment Analysis
The titanium surgical clips segment dominates the global market and it is estimated to remain dominant during the forecast period 2020-2025.This is mainly owing to its advantage of inertness and cost effectiveness. They have a wide range of uses such as wound closure and bowel anastomoses. Titanium surgical clips is a very effective and it allows the surgeon to cut down on the actual time of the surgery.

End-Segment Analysis
The global surgical clips market is segmented into hospital & clinic and ambulatory surgery center. At present, the hospital & clinic segment is the major revenue contributor, and is estimated to remain dominant during the forecast period 2020-2025.High number of patients and greater volume of surgeries mainly contribute to the dominance of hospitals segment in the global surgical clips market. However, ambulatory surgery center segment is forecast to register fastest growth in the market during the forecast period 2020-2025 owing to growth in the number of ambulatory surgery centers. The support of the ambulatory surgery center association to ambulatory surgery centers is projected to boost the growth in the global surgical clips market.

Geography - Segment Analysis
North America dominates the global surgical clips market in 2019 with a market share of more than 41.8%. This is mainly owing to increasing incidence of chronic diseases and rising number of surgical cases in the region and the availability of higher number of trained medical professionals and supportive reimbursement policies in the healthcare system. In this region the U.S hold the maximum share owing to supportive policies in the healthcare system.
However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025. This is owing to the developing medical infrastructure, increasing spending on healthcare and growing population and also owing to the rise in the number of surgeries along with the adoption of surgical clips.

Drivers – Surgical Clips market

  • Growing emphasis on patient safety and demand for enhanced treatment outcomes during surgical procedures
Growth in number of surgical procedures across the globe with the rise in the adoption of surgical clips in the medical treatment is increasing the demand for enhanced treatment outcomes during surgical procedures. The increasing number of surgical cases drives the demand for surgical clips in the market. Surgical clips do not enter the body and so it is used for neurological, general, and orthopaedic surgeries. Surgeons are preferring the manual procedure owing to cost-effectiveness. Furthermore, the automated surgical clips segment is projected to experience substantial growth in the global surgical clips market. Surgical clips are applied during cholecystectomy on the cystic duct and artery. Rarely one or more clips can get displaced. This is usually dropped during this laparoscopic procedure.

  • Technological Advancements and rapid increase in geriatric population globally
With the rise in the adoption of robotic and minimally invasive surgeries and the significant growth potential, there has been an increasing usage of surgical clips during the time of surgeries. Surgical clips have a variety of medical applications like vasectomy or to prevent blood loss from blood vessels during surgery. The efficient use of the surgical clips ensures safety to surgical procedure which is also helpful to reduce the procedural time and related risks. Surgical clips are clamped over the vessels and arteries to control the bleeding and owing to their reliability, cost effectiveness and convenience of treatment and are widely used during the surgeries of geriatric population. 

Challenges – Surgical Clips Market

  • Migration of clips owing to poor holding power and postoperative complications
Some of the factors that is estimated to impede the growth of the surgical clips market are the migration of clips from one place to another, which can be harmful to the patient. The reason behind the migration of clips from one place to another is the pressure exerted from the intra-abdominal organ movements. Also the use of surgical clips can lead to complications during diagnostic imaging procedures which can hamper the growth of the market.

Surgical Clips Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the surgical clips market. In 2019, surgical clips market share is consolidated by the top ten players present in the market. Surgical clips market top 10 companies Ackermann Medical GmbH & Co, B. Braun Melsungen AG, Boston Scientific Corporation, Edwards Lifesciences Corporation, Johnson & Johnson, Lemaitre Vascular, Inc., Medtronic Plc., Scanlan International, Teleflex Incorporated. among others.

Acquisitions/Product Launches
  • In May  2015, Teleflex acquired N. Stenning & Company, a distributor of Teleflex surgical clips  products in Australia and also acquired Atsina Surgical, a developer of surgical clips
  • In August 2017, Boston Scientific Corporation launched Resolution 360™ clip which is designed to provide efficiency and it provides the ability for the physician to rotate the clip at the biopsy cap on the scope.
  • In March 2016, Lemaitre vascular a provider of surgical clips and implants acquired the ProCol Vascular Bioprosthesis product line from Hancock Jaffe Laboratories, Inc.

1. Surgical Clips Market Overview
    1.1 Definitions and Scope
2. Surgical Clips Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Surgical Clips Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Surgical Clips Market - Startup Companies Scenario (Premium)
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Surgical Clips Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Surgical Clips Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Surgical Clips Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Surgical Clips Market – By Product Type (Market Size –$Million/$Billion)
    8.1 Ligating Clip
    8.2 Aneurysm Clip
    8.3 Others
9. Surgical Clips Market – By Material Type (Market Size –$Million/$Billion)
    9.1 Titanium 
    9.2 Polymer
    9.3 Stainless Steel
10. Surgical Clips Market – By Surgery Type (Market Size –$Million/$Billion)
    10.1 Automated Surgery Clip
    10.2 Manual Surgery Clip
11. Surgical Clips Market – By Application (Market Size –$Million/$Billion
    11.1 Laparoscopic cholecystectomy
    11.2 Ligation
    11.3 Vasectomy
    11.4 Vascular reconstruction
    11.5 Cancer treatment
    11.6 Others
12. Surgical Clips Market – By End User (Market Size –$Million/$Billion)
    12.1 Hospitals & Clinics
    12.2 Ambulatory Surgical Centers
    12.3 Others
13. Surgical Clips Market - By Geography (Market Size –$Million/$Billion)
    13.1 North America
        13.1.1 U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 U.K.
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 India
        13.3.3 Japan
        13.3.4 South Korea
        13.3.5 Australia & New Zealand
        13.3.6 Rest of Asia-Pacific
    13.4 Rest of the World
        13.4.1 Middle East
        13.4.2 Africa
        13.4.3 South America
14. Surgical Clips Market - Entropy
15. Surgical Clips Market – Industry/Segment Competition Landscape (Premium) 
    15.1 Market Share Analysis
        15.1.1 Global Market Share – Key Companies
        15.1.2 Market Share by Region – Key companies
        15.1.3 Market Share by Countries – Key Companies
        15.1.4 Best Practices for Companies
16. Surgical Clips Market – Key Company List by Country Premium (Premium)
17. Surgical Clips Market Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Surgical Clip Market, By Material Type Market 2019-2024 ($M)
1.1 Titanium Market 2019-2024 ($M) - Global Industry Research
1.2 Polymer Market 2019-2024 ($M) - Global Industry Research
2.Global Surgical Clip Market, By Type Market 2019-2024 ($M)
2.1 Ligating Clip Market 2019-2024 ($M) - Global Industry Research
2.2 Aneurysm Clip Market 2019-2024 ($M) - Global Industry Research
3.Global Surgical Clip Market, By Surgery Type Market 2019-2024 ($M)
3.1 Automated Surgery Clip Market 2019-2024 ($M) - Global Industry Research
3.2 Manual Surgery Clip Market 2019-2024 ($M) - Global Industry Research
4.Global Surgical Clip Market, By End User Market 2019-2024 ($M)
4.1 Hospital Clinic Market 2019-2024 ($M) - Global Industry Research
4.2 Ambulatory Surgery Center Market 2019-2024 ($M) - Global Industry Research
5.Global Surgical Clip Market, By Material Type Market 2019-2024 (Volume/Units)
5.1 Titanium Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Polymer Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Surgical Clip Market, By Type Market 2019-2024 (Volume/Units)
6.1 Ligating Clip Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Aneurysm Clip Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Surgical Clip Market, By Surgery Type Market 2019-2024 (Volume/Units)
7.1 Automated Surgery Clip Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 Manual Surgery Clip Market 2019-2024 (Volume/Units) - Global Industry Research
8.Global Surgical Clip Market, By End User Market 2019-2024 (Volume/Units)
8.1 Hospital Clinic Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 Ambulatory Surgery Center Market 2019-2024 (Volume/Units) - Global Industry Research
9.North America Surgical Clip Market, By Material Type Market 2019-2024 ($M)
9.1 Titanium Market 2019-2024 ($M) - Regional Industry Research
9.2 Polymer Market 2019-2024 ($M) - Regional Industry Research
10.North America Surgical Clip Market, By Type Market 2019-2024 ($M)
10.1 Ligating Clip Market 2019-2024 ($M) - Regional Industry Research
10.2 Aneurysm Clip Market 2019-2024 ($M) - Regional Industry Research
11.North America Surgical Clip Market, By Surgery Type Market 2019-2024 ($M)
11.1 Automated Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
11.2 Manual Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
12.North America Surgical Clip Market, By End User Market 2019-2024 ($M)
12.1 Hospital Clinic Market 2019-2024 ($M) - Regional Industry Research
12.2 Ambulatory Surgery Center Market 2019-2024 ($M) - Regional Industry Research
13.South America Surgical Clip Market, By Material Type Market 2019-2024 ($M)
13.1 Titanium Market 2019-2024 ($M) - Regional Industry Research
13.2 Polymer Market 2019-2024 ($M) - Regional Industry Research
14.South America Surgical Clip Market, By Type Market 2019-2024 ($M)
14.1 Ligating Clip Market 2019-2024 ($M) - Regional Industry Research
14.2 Aneurysm Clip Market 2019-2024 ($M) - Regional Industry Research
15.South America Surgical Clip Market, By Surgery Type Market 2019-2024 ($M)
15.1 Automated Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
15.2 Manual Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
16.South America Surgical Clip Market, By End User Market 2019-2024 ($M)
16.1 Hospital Clinic Market 2019-2024 ($M) - Regional Industry Research
16.2 Ambulatory Surgery Center Market 2019-2024 ($M) - Regional Industry Research
17.Europe Surgical Clip Market, By Material Type Market 2019-2024 ($M)
17.1 Titanium Market 2019-2024 ($M) - Regional Industry Research
17.2 Polymer Market 2019-2024 ($M) - Regional Industry Research
18.Europe Surgical Clip Market, By Type Market 2019-2024 ($M)
18.1 Ligating Clip Market 2019-2024 ($M) - Regional Industry Research
18.2 Aneurysm Clip Market 2019-2024 ($M) - Regional Industry Research
19.Europe Surgical Clip Market, By Surgery Type Market 2019-2024 ($M)
19.1 Automated Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
19.2 Manual Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
20.Europe Surgical Clip Market, By End User Market 2019-2024 ($M)
20.1 Hospital Clinic Market 2019-2024 ($M) - Regional Industry Research
20.2 Ambulatory Surgery Center Market 2019-2024 ($M) - Regional Industry Research
21.APAC Surgical Clip Market, By Material Type Market 2019-2024 ($M)
21.1 Titanium Market 2019-2024 ($M) - Regional Industry Research
21.2 Polymer Market 2019-2024 ($M) - Regional Industry Research
22.APAC Surgical Clip Market, By Type Market 2019-2024 ($M)
22.1 Ligating Clip Market 2019-2024 ($M) - Regional Industry Research
22.2 Aneurysm Clip Market 2019-2024 ($M) - Regional Industry Research
23.APAC Surgical Clip Market, By Surgery Type Market 2019-2024 ($M)
23.1 Automated Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
23.2 Manual Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
24.APAC Surgical Clip Market, By End User Market 2019-2024 ($M)
24.1 Hospital Clinic Market 2019-2024 ($M) - Regional Industry Research
24.2 Ambulatory Surgery Center Market 2019-2024 ($M) - Regional Industry Research
25.MENA Surgical Clip Market, By Material Type Market 2019-2024 ($M)
25.1 Titanium Market 2019-2024 ($M) - Regional Industry Research
25.2 Polymer Market 2019-2024 ($M) - Regional Industry Research
26.MENA Surgical Clip Market, By Type Market 2019-2024 ($M)
26.1 Ligating Clip Market 2019-2024 ($M) - Regional Industry Research
26.2 Aneurysm Clip Market 2019-2024 ($M) - Regional Industry Research
27.MENA Surgical Clip Market, By Surgery Type Market 2019-2024 ($M)
27.1 Automated Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
27.2 Manual Surgery Clip Market 2019-2024 ($M) - Regional Industry Research
28.MENA Surgical Clip Market, By End User Market 2019-2024 ($M)
28.1 Hospital Clinic Market 2019-2024 ($M) - Regional Industry Research
28.2 Ambulatory Surgery Center Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Surgical Clips Market Revenue, 2019-2024 ($M)
2.Canada Surgical Clips Market Revenue, 2019-2024 ($M)
3.Mexico Surgical Clips Market Revenue, 2019-2024 ($M)
4.Brazil Surgical Clips Market Revenue, 2019-2024 ($M)
5.Argentina Surgical Clips Market Revenue, 2019-2024 ($M)
6.Peru Surgical Clips Market Revenue, 2019-2024 ($M)
7.Colombia Surgical Clips Market Revenue, 2019-2024 ($M)
8.Chile Surgical Clips Market Revenue, 2019-2024 ($M)
9.Rest of South America Surgical Clips Market Revenue, 2019-2024 ($M)
10.UK Surgical Clips Market Revenue, 2019-2024 ($M)
11.Germany Surgical Clips Market Revenue, 2019-2024 ($M)
12.France Surgical Clips Market Revenue, 2019-2024 ($M)
13.Italy Surgical Clips Market Revenue, 2019-2024 ($M)
14.Spain Surgical Clips Market Revenue, 2019-2024 ($M)
15.Rest of Europe Surgical Clips Market Revenue, 2019-2024 ($M)
16.China Surgical Clips Market Revenue, 2019-2024 ($M)
17.India Surgical Clips Market Revenue, 2019-2024 ($M)
18.Japan Surgical Clips Market Revenue, 2019-2024 ($M)
19.South Korea Surgical Clips Market Revenue, 2019-2024 ($M)
20.South Africa Surgical Clips Market Revenue, 2019-2024 ($M)
21.North America Surgical Clips By Application
22.South America Surgical Clips By Application
23.Europe Surgical Clips By Application
24.APAC Surgical Clips By Application
25.MENA Surgical Clips By Application
26.Ackermann Medical Gmbh Co, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.B. Braun Melsungen Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Boston Scientific Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Edward Lifesciences Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Grena Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Johnson Johnson, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Lemaitre Vascular, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Medtronic Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Scanlan International, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Teleflex Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)