The "Surgical Clips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global surgical clips market reached a value of US$ 405.2 million in 2021. Looking forward, the market is projected to reach a value of US$ 591.8 million by 2027, exhibiting a CAGR of 6.30% during 2022-2027.

Companies Mentioned

• Ackermann Instruments GmbH
• B. Braun Melsungen AG
• Boston Scientific Corporation
• Edwards Lifesciences Corporation
• Grena Limited
• Johnson & Johnson
• LeMaitre Vascula Inc.
• LocaMed Ltd.
• Medtronic plc
• Meril Life Sciences Pvt. Ltd. (Micro Life Sciences Private Limited)
• Scanlan International Inc.
• Teleflex Incorporated

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.

Surgical clips are made using inert and biocompatible materials, such as sterile titanium, polyester fiber, nickel, stainless steel alloy, aluminum, and cobalt. They are utilized for controlling duct and artery and removing an ovary, tube, gallbladder, or uterus during hysterectomy. They can also be used to close the cystic duct and artery in laparoscopic cholecystectomy and prevent bile leakage or bleeding. Presently, they are gaining traction as an alternative to suturing for ligation in patients undergoing several surgical procedures, such as cholecystectomies.

The rising number of individuals undergoing surgical procedures due to the widespread prevalence of chronic ailments, such as arthritis, cancer, obesity, and cardiovascular diseases (CVDs), represents one of the major growth-inducing factors. This can also be attributed to the growing geriatric population worldwide, which is more vulnerable to medical conditions that require surgical interventions.

Moreover, the implementation of stringent healthcare norms that promote safety and efficacy during invasive surgical procedures is impelling the market growth. Furthermore, the expanding medical tourism sector, coupled with the increasing popularity of cosmetic surgeries, is bolstering the market growth.

Apart from this, a significant rise in fatal road accidents and high hospital admission rates are catalyzing the demand for surgical clips around the wound. Besides this, as retained clips lead to diminished quality of computed tomography (CT) and magnetic resonance imaging (MRI) images and cause complications, researchers are developing safe variants that can be dissolved or absorbed by the body after a certain period. As they can reduce the rate of postoperative complications and minimize problems associated with diagnostic imaging, the demand for surgical clips is anticipated to rise in clinical use across the globe.

Key Questions Answered in This Report

• How has the global surgical clips market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global surgical clips market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the material type?
• What is the breakup of the market based on the surgery type?
• What is the breakup of the market based on the End-user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global surgical clips market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Surgical Clips Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

7 Market Breakup by Material Type

8 Market Breakup by Surgery Type

9 Market Breakup by End User

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/wso368

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628005892/en/