Surgical Clips Market Value Set to reach $7.32 Billion with a CAGR of 5.2%, by 2025
The global surgical clips market garnered $4,849 million in 2017 and is projected to accrue a sum of $7,322 million by 2025, growing at a CAGR of 5.2% from 2018 to 2025.
The report offers information on the drivers, restraints, & opportunities, top investment pockets, market segments, market size & share, and the competitive landscape. These insights are helpful for market players, investors, stakeholders, and new entrants to gain a major market share and international presence.
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The report explains the drivers, restraints, and opportunities of the surgical clips market elaborately. Factors such as growth in number of surgical procedures across the globe with increase in awareness of clipping, rise in number of chronic diseases and technological advancements in clipping drive the growth of the market. However, complications associated with surgical clips such as migration of clips hinder the growth of the market. On the other hand, rise in adoption of robotic and minimally invasive surgeries and growth opportunities in the emerging markets offer significant growth opportunities to the market players.
The report presents a detailed analysis of the segments of the surgical clips market. The market is classified into material type, type, surgery type, end user, and geography. Based on material type, the study is bifurcated into titanium, polymer, and others. Based on type, the market is divided into ligating clips, aneurysm clips, and others. The aneurysm clips segment is expected to grow at a CAGR of 5.8% from 2018 to 2025. The report classifies the surgery type segment into automated surgery clips and manual surgery clips. The automated surgery clips segment would exhibit the fastest CAGR of 8.0% from 2018 to 2025. The end user segment is bifurcated into hospital & clinic and ambulatory surgery center. The hospital & clinic segment grabbed the largest share in 2017 and would remain dominant throughout the forecast period. Regionally, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA.
A broad analysis of the players operating in the market is also offered in the surgical clips market report. Details such as their overview, their business segments under operation, key strategic moves and developments, and more are explained. The companies profiled in the report include Ackermann Medical GmbH & Co., B. Braun Melsungen AG, Boston Scientific Corporation, Edwards Lifesciences Corporation, Grena Ltd., Johnson & Johnson (Ethicon, Inc.), Lemaitre Vascular, Inc., Medtronic Plc. (Covidien Ltd.), Scanlan International, Inc., and Teleflex Incorporated.
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