Aug 03, 2023
Precision Closure Prospects: Surgical Clips Market Projected to Hit US$ 12.9 Billion Valuation by 2033
The Surgical Clips Market was valued at US$ 481.1 million in 2022 and is expected to grow at a 35.5% CAGR between 2023 and 2033. The use of minimally invasive procedures to improve recovery time,
The Surgical Clips Market was valued at US$ 481.1 million in 2022 and is expected to grow at a 35.5% CAGR between 2023 and 2033. The use of minimally invasive procedures to improve recovery time, reduce hospital stays, reduce post-surgery complications, and provide convenience of treatment during surgeries, particularly among the elderly, are key factors driving market expansion. From 2023 to 2033, the market represented an absolute dollar opportunity of US$ 12.3 billion.
Surgical clips are in high demand due to the increasing number of surgical cases. Surgical clips are utilized for neurological and orthopedic procedures because they do not enter the body. Because of its cost-effectiveness, surgeons favor the manual method.
The automated surgical clips segment is expected to rise rapidly. The cystic duct and artery are secured with surgical clips during cholecystectomy. One or more clips can become dislodged on rare occasions. During the laparoscopic operation, this is frequently omitted.
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Surgical clips have been used more frequently during surgeries as the use of robotic and minimally invasive surgeries has increased, indicating a large growth potential. Surgical clips are used in a range of medical procedures, including vasectomy and preventing blood loss from vessels during surgery.
The effective use of surgical clips ensures surgical procedure safety while also reducing process time and associated risks. They are clamped over veins and arteries to stop bleeding, and they are extensively employed during geriatric procedures due to their reliability, cost-effectiveness, and convenience of treatment.
The key players operating in the surgical clips market are Ackermann Medical GmbH & Co, Grena Ltd, B. Braun Melsungen AG, Edwards Lifesciences Corporation, and Boston Scientific Corporation.
It is expected to lessen the danger of scarring and infection, however, it still has enough clip retention force to secure litigation performance with vessels and structures up to 6-7mm in diameter. Automatic clip feeding, an anti-back mechanism, and an ergonomic design for one-finger rotation are all included in the gadget.
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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Surgical Clips market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights by Type (Ligating, Aneurysm), by Material Type (Titanium, Polymer, Other Material Types), by Surgery Type (Automated/ Robotic Assisted Surgery, General Surgery), by End-User (Hospitals, Ambulatory Surgical Centers, Clinics), across five regions (North America, Latin America, Europe, Asia Pacific and the Middle East & Africa).
Market Segments Covered in Surgical Clips Market Analysis
By Material Type:
By Surgery Type:
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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