The global surgical clips market size was estimated to be USD 0.751 billion in 2023 and is expected to reach at USD 10.25 billion by 2034 with a CAGR of 26.82% during the forecast period 2024-2034. Increasing embrace of minimally invasive methods for quicker recovery, shorter hospital stays, reduced post-surgery complications, upswing in the utilization of ligating clips in minimally invasive procedures, growing technological advancements, rising prevalence of chronic diseases, surge in number of surgical procedures, and rising introduction of innovative products related to surgical clips are some of the key factors boosting the market growth.
Rising introduction of innovative products related to surgical clips is predicted to boost the market growth during the forecast period. Surgical clips, which are tiny closures made of metal or plastic, play a crucial role in surgery by carefully reconnecting separated or excised tissues and blood vessels. For instance, in December 2023, Medtronic has introduced the Penditure LAA Exclusion System in the United States. This implantable clip is pre-loaded on a disposable delivery system designed for managing the left atrial appendage (LAA) during concomitant cardiac surgery procedures.
By type, ligating clips was the highest revenue-grossing segment in the global surgical clips market in 2023 owing to the advantages of these clips include structural and dimensional stability, compatibility with both open and endoscopic clip appliers, providing tactile feedback to enable surgeons in achieving precise locking, exhibiting high biocompatibility, and effectively preventing post-surgical biofluid leakage, such as bile and blood. Additionally, there is a rise in research and development efforts aimed at creating dissolvable surgical clips to prevent displacement from the application site and eliminate the need for removal post-recovery, coupled with an increasing influx of new product introductions. For instance, in June 2023, Grena, a specialist in medical devices, has received the Red Dot Design Award for its polymer ligating clip Click’aV Plus. Judges highlighted the product's ergonomic design, user-friendly characteristics, and safety features as key factors contributing to the recognition. Additionally, aneurysm clips is predicted to grow at the fastest CAGR during the forecast period. The enhanced utilization of the aneurysm clipping technique has been driven by a decrease in post-operative brain contusions, prolonged effectiveness in aneurysm clipping, and a decrease in severe complications. This has resulted in a positive impact on market growth.
By material, titanium was the highest revenue-grossing segment in the global surgical clips market in 2023. Titanium is favored in surgical equipment due to its durability, inert nature, non-reactivity, high tensile strength, and lightweight properties. Its excellent compatibility with imaging modalities such as CT, X-rays, and MRI, along with its capability to securely close even the most delicate vessels during surgeries, contributes to the growth of this segment. Additionally, polymer is predicted to grow at the fastest CAGR during the forecast period owing to the rising approvals from regulatory authorities. The key advantages of using a polymer for surgical clips include resistance to axial pull, inertness, and radiolucency. The non-conductive nature of the material helps resist thermal spread, preventing tissue necrosis and safeguarding adjacent organs to the surgical clip. Additional benefits of polymer clips encompass excellent tactile feedback, no spillage, and resistance to microbial growth, surpassing the advantages offered by metal clips. Many industry participants are actively engaged in the development of absorbable polymers to minimize the necessity for surgical clip removal post-recovery. For instance, in April 2023, Ethicon, a subsidiary of Johnson & Johnson, received approval from the U.S. Food and Drug Administration (FDA) for its recently introduced range of biodegradable surgical clips, tailored for use in surgical procedures.
By surgery type, general was the highest revenue-grossing segment in the global surgical clips market in 2023 owing to the increasing use of surgical clips is driven by factors such as a lower infection rate, accelerated healing time, reduced visibility of scars, heightened patient satisfaction, a growing demand for surgical clips in various types of surgeries including thoracic, vascular, urologic, gynecological, bariatric, and other general procedures, and a surge in the introduction of innovative products. For instance, in August 2023, Mammotome has introduced a groundbreaking HydroMARK Plus Breast Biopsy Site Marker, specifically created to improve visibility in ultrasounds, facilitate easier localization, and reduce the risk of displacement during surgical procedures. Additionally, automated/robotic-assisted surgery is predicted to grow at the fastest CAGR during the forecast period owing to the enhanced adoption of this surgical procedure in economically developed nations is attributed to a decrease in human errors and improved efficiency.
By end-user, hospitals was the highest revenue-grossing segment in the global surgical clips market in 2023 owing to the rise in the number of surgical procedures, particularly preventive surgeries and those with large procedural volumes, along with an increase in neurosurgery and abdominal laparoscopy, coupled with a growing incidence of trauma, has resulted in higher medical bills that include ligature expenses. Insurance agencies reimbursing these costs have contributed to the increased utilization of clipping equipment in hospitals during surgical procedures. For instance, In November 2023, In the second half of 2024, Johnson & Johnson MedTech intends to file an investigational device exemption (IDE) application with the U.S. Food & Drug Administration (FDA) to commence clinical trials for the OTTAVA robotic surgical system. Additionally, ambulatory surgical centers (ASCs) is predicted to grow at the fastest CAGR during the forecast period owing to the reduced out-of-pocket expenses, improved patient accessibility, and lower facility costs, coupled with an increasing emphasis on developing advanced solutions to alleviate the surgical burden on hospitals.
Asia Pacific region is anticipated for the highest revenue share during the forecast period owing to a substantial patient population, a high number of surgical procedures, progressing healthcare infrastructure, expanding medical tourism, the existence of cost-conscious consumers and the absence of reimbursement policies, along with a notable increase in regulatory approvals. For instance, in March 2022, China's National Medical Products Administration (NMPA) has granted marketing approval to MicroPort Urocare Medical Technology Co., Ltd. for its self-developed single-use hemostatic clip device, known as the Ruyi Clip. Additionally, North America region is predicted to grow at fastest CAGR during the forecast period owing to a growing prevalence of preventive surgeries, widespread adoption of technologically advanced devices, a rising inclination towards minimally invasive surgical procedures, and an increasing influx of advanced medical devices. For instance, in January 2022, Cook Medical introduced the Instinct Plus Endoscopic Clipping Device, featuring expanded indications and enhanced functionality.
Rising introduction of innovative products related to surgical clips is predicted to boost the market growth during the forecast period. Surgical clips, which are tiny closures made of metal or plastic, play a crucial role in surgery by carefully reconnecting separated or excised tissues and blood vessels. For instance, in December 2023, Medtronic has introduced the Penditure LAA Exclusion System in the United States. This implantable clip is pre-loaded on a disposable delivery system designed for managing the left atrial appendage (LAA) during concomitant cardiac surgery procedures.
By type, ligating clips was the highest revenue-grossing segment in the global surgical clips market in 2023 owing to the advantages of these clips include structural and dimensional stability, compatibility with both open and endoscopic clip appliers, providing tactile feedback to enable surgeons in achieving precise locking, exhibiting high biocompatibility, and effectively preventing post-surgical biofluid leakage, such as bile and blood. Additionally, there is a rise in research and development efforts aimed at creating dissolvable surgical clips to prevent displacement from the application site and eliminate the need for removal post-recovery, coupled with an increasing influx of new product introductions. For instance, in June 2023, Grena, a specialist in medical devices, has received the Red Dot Design Award for its polymer ligating clip Click’aV Plus. Judges highlighted the product's ergonomic design, user-friendly characteristics, and safety features as key factors contributing to the recognition. Additionally, aneurysm clips is predicted to grow at the fastest CAGR during the forecast period. The enhanced utilization of the aneurysm clipping technique has been driven by a decrease in post-operative brain contusions, prolonged effectiveness in aneurysm clipping, and a decrease in severe complications. This has resulted in a positive impact on market growth.
By material, titanium was the highest revenue-grossing segment in the global surgical clips market in 2023. Titanium is favored in surgical equipment due to its durability, inert nature, non-reactivity, high tensile strength, and lightweight properties. Its excellent compatibility with imaging modalities such as CT, X-rays, and MRI, along with its capability to securely close even the most delicate vessels during surgeries, contributes to the growth of this segment. Additionally, polymer is predicted to grow at the fastest CAGR during the forecast period owing to the rising approvals from regulatory authorities. The key advantages of using a polymer for surgical clips include resistance to axial pull, inertness, and radiolucency. The non-conductive nature of the material helps resist thermal spread, preventing tissue necrosis and safeguarding adjacent organs to the surgical clip. Additional benefits of polymer clips encompass excellent tactile feedback, no spillage, and resistance to microbial growth, surpassing the advantages offered by metal clips. Many industry participants are actively engaged in the development of absorbable polymers to minimize the necessity for surgical clip removal post-recovery. For instance, in April 2023, Ethicon, a subsidiary of Johnson & Johnson, received approval from the U.S. Food and Drug Administration (FDA) for its recently introduced range of biodegradable surgical clips, tailored for use in surgical procedures.
By surgery type, general was the highest revenue-grossing segment in the global surgical clips market in 2023 owing to the increasing use of surgical clips is driven by factors such as a lower infection rate, accelerated healing time, reduced visibility of scars, heightened patient satisfaction, a growing demand for surgical clips in various types of surgeries including thoracic, vascular, urologic, gynecological, bariatric, and other general procedures, and a surge in the introduction of innovative products. For instance, in August 2023, Mammotome has introduced a groundbreaking HydroMARK Plus Breast Biopsy Site Marker, specifically created to improve visibility in ultrasounds, facilitate easier localization, and reduce the risk of displacement during surgical procedures. Additionally, automated/robotic-assisted surgery is predicted to grow at the fastest CAGR during the forecast period owing to the enhanced adoption of this surgical procedure in economically developed nations is attributed to a decrease in human errors and improved efficiency.
By end-user, hospitals was the highest revenue-grossing segment in the global surgical clips market in 2023 owing to the rise in the number of surgical procedures, particularly preventive surgeries and those with large procedural volumes, along with an increase in neurosurgery and abdominal laparoscopy, coupled with a growing incidence of trauma, has resulted in higher medical bills that include ligature expenses. Insurance agencies reimbursing these costs have contributed to the increased utilization of clipping equipment in hospitals during surgical procedures. For instance, In November 2023, In the second half of 2024, Johnson & Johnson MedTech intends to file an investigational device exemption (IDE) application with the U.S. Food & Drug Administration (FDA) to commence clinical trials for the OTTAVA robotic surgical system. Additionally, ambulatory surgical centers (ASCs) is predicted to grow at the fastest CAGR during the forecast period owing to the reduced out-of-pocket expenses, improved patient accessibility, and lower facility costs, coupled with an increasing emphasis on developing advanced solutions to alleviate the surgical burden on hospitals.
Asia Pacific region is anticipated for the highest revenue share during the forecast period owing to a substantial patient population, a high number of surgical procedures, progressing healthcare infrastructure, expanding medical tourism, the existence of cost-conscious consumers and the absence of reimbursement policies, along with a notable increase in regulatory approvals. For instance, in March 2022, China's National Medical Products Administration (NMPA) has granted marketing approval to MicroPort Urocare Medical Technology Co., Ltd. for its self-developed single-use hemostatic clip device, known as the Ruyi Clip. Additionally, North America region is predicted to grow at fastest CAGR during the forecast period owing to a growing prevalence of preventive surgeries, widespread adoption of technologically advanced devices, a rising inclination towards minimally invasive surgical procedures, and an increasing influx of advanced medical devices. For instance, in January 2022, Cook Medical introduced the Instinct Plus Endoscopic Clipping Device, featuring expanded indications and enhanced functionality.
Segmentation: Surgical Clips Market Report 2023 - 2034
Surgical Clips Market Analysis & Forecast by Type 2023 - 2034 (Revenue USD Bn)
- Aneurysm Clips
- Ligating Clips
Surgical Clips Market Analysis & Forecast by Material 2023 - 2034 (Revenue USD Bn)
- Polymer
- Titanium
- Others
Surgical Clips Market Analysis & Forecast by Surgery Type 2023 - 2034 (Revenue USD Bn)
- General Surgery
- Automated/ Robotic Assisted Surgery
Surgical Clips Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Clinics
- Ambulatory Surgical Centers
- Hospitals
Surgical Clips Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Surgical Clips Market: Type Estimates & Trend Analysis
8. Surgical Clips Market: Material Estimates & Trend Analysis
9. Surgical Clips Market: Surgery Type Estimates & Trend Analysis
10. Surgical Clips Market: End-user Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Surgical Clips Market
13. Europe Global Surgical Clips Market
14. Asia Pacific Global Surgical Clips Market
15. Latin America Global Surgical Clips Market
16. MEA Global Surgical Clips Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- Edwards Lifesciences Corporation
- B. Braun Melsungen AG
- Johnson & Johnson (Ethicon)
- Teleflex Incorporated. S.A.lan International Inc.
- Anrei and Sinolinks
- Ackermann Medical GmbH & Co.
- Boston Scientific Corporation
- Grena Ltd.
- MERIL LIFESCIENCES Pvt. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 0.75 Billion |
| Forecasted Market Value ( USD | $ 10.25 Billion |
| Compound Annual Growth Rate | 26.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
