Surgical Clips Market Expected to Surge to USD 12.3 Billion by 2033 at a 35.5% of CAGR, Driven by Demand for Minimally Invasive Procedures

Surgical Clips Market

The global surgical clips market is on a remarkable growth trajectory, with market value reaching US$ 481.1 million in 2022. According to recent industry analysis, the market is projected to expand at an impressive compound annual growth rate (CAGR) of 35.5% from 2023 to 2033, resulting in an estimated absolute dollar opportunity of US$ 12.3 billion during the forecast period.

The significant growth of the surgical clips market is primarily attributed to the increasing preference for minimally invasive surgical procedures. These techniques enhance recovery times, minimize hospital stays, reduce post-operative complications, and offer greater convenience during surgeries—factors that are particularly appealing to the aging population.

Key Market Drivers:

• Rising Adoption of Minimally Invasive Procedures: As healthcare providers increasingly opt for minimally invasive techniques to improve patient outcomes, the demand for surgical clips has surged. These clips play a crucial role in ensuring effective tissue closure and wound management during such procedures.
• Enhanced Recovery and Reduced Hospital Stays: Surgical clips facilitate quicker recovery times for patients, significantly reducing the length of hospital stays and the risk of post-surgery complications. This advantage is particularly beneficial for elderly patients, who often face higher risks during traditional surgical procedures.
• Convenience in Surgical Treatments: The ease of using surgical clips during various surgical interventions is driving their adoption across healthcare facilities. Their versatility and effectiveness in securing tissue and managing wounds contribute to their growing popularity among surgeons.

Regional Insights: North America is expected to lead the surgical clips market, bolstered by advanced healthcare infrastructure and high adoption rates of innovative surgical technologies. Europe is also projected to maintain a significant share, while the Asia-Pacific region is anticipated to experience rapid growth due to increasing healthcare investments and rising awareness of minimally invasive surgical techniques.

Market Outlook: As the trend toward minimally invasive surgery continues to gain momentum, the surgical clips market is well-positioned for extraordinary growth in the coming decade. With ongoing advancements in surgical technologies and an increasing focus on patient-centered care, the market is set to flourish, achieving remarkable milestones by 2033.

Revenue of Surgical Clips Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

As per the Surgical Clips Market industry research by Future Market Insights – a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value of the Surgical Clips increased at around 28.9% CAGR,

The market is projected to grow at a CAGR of 35.5% over the coming ten years.

Competitive Analysis

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.

• In November 2020, a Taiwanese surgical business introduced the InnoClip 5mm multi-fire titanium clip applier. It is designed to improve the outcome of minimally invasive procedures.

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.

• In November 2020, Meril Endo-Surgery Limited’s Mirus Litigating Clip received FDA approval. It is designed for open general surgery procedures that require a metal ligating clip, such as tubular structures or vessels. MirusTM Ligating Clips are single-use, sterile, implanted titanium clips. The clips come in a variety of sizes, and each plastic cartridge contains six clips.

A Full Report Overview

Market Segments Covered in Surgical Clips Market Analysis

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

By Region:

• North America
  • USA
  • Canada
• Europe
  • United kingdom
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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