Surgical Clips Market Size Forecast to Reach $6.9 Billion by 2025

October 12, 2020

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.

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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.
Drivers – Surgical Clips market
  • Growing emphasis on patient safety and demand for enhanced treatment outcomes during surgical procedures
  • Technological Advancements and rapid increase in geriatric population globally
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.
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