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Surgical Clips Market Comprehensive Insights 2021 to 2026 - Ackermann Medical GmbH & Co, B. Braun Melsungen AG, Medtronic PLC

11-22-2021 11:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Insights Reports

The Global Surgical Clips Market Report provides a study with an in-depth overview, describing the product/industry Scope and elaborating market outlook and status (2021-2026). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Surgical Clips market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The surgical clips market is projected to register a CAGR of 5.2% over the forecast period.

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Top Companies in the Global Surgical Clips Market: Ackermann Medical GmbH & Co, B. Braun Melsungen AG, Boston Scientific Corporation, Edwards Lifesciences Corporation, Johnson & Johnson, Lemaitre Vascular Inc., Medtronic PLC, Scanlan International, and Teleflex Incorporated among others.

Industry News:

Activ Surgical launches visualization tech for making surgeries safer

After $25 million in funding and three years of development, the Boston-based medical device and software development company Activ Surgical is bringing its first product to market, the company said yesterday.

The company’s ActivEdge platform, an artificial intelligence and machine learning software system using data from a hardware attachment that can be fixed to existing surgical equipment, is intended to provide real-time intelligence and visualization to improve patient outcomes, the company

Market Overview:

During the COVID-19 pandemic, most of the elective and non-urgent surgeries were postponed and the healthcare infrastructure was reserved for the treatment of COVID-19 patients. As a result, all the surgical departments across the globe faced a severe downward trend in the number of surgeries performed during the pandemic. According to the research article published in the International Journal of Surgery, 2020, all surgical specialties have had to limit their surgical practices and rationalize the surgeries which are performed. The selection of patients for urgent surgery during the pandemic is vitally important to ensure patients have postoperative reserves to combat any possibility of being infected with COVID-19. Thus, the reduction in the surgical procedures during the COVID-19 pandemic is expected to negatively impact the market growth during the COVID pandemic.

The major factors contributing to the growth of the studied market include the increasing number of surgical procedures, primarily due to injuries during sports activities, accidents, and cardiac surgeries. The growing burden of cardiovascular diseases and other chronic conditions where the surgery is being suggested as mandatory and the increasing elderly population is expected to drive the studied market growth. According to Globocan 2020, the incidence of cancer cases is estimated as 19.292,789 cases in 2020 globally. Similarly, according to British Heart Foundation, Heart and Circulatory Disease Statistics 2020, a total of 167,116 cases of heart and circulatory diseases were diagnosed in 2018 in the United Kingdom. Thus, the high incidence of chronic diseases increases the demand for surgical procedures, which in turn is expected to significantly aid in the growth of the surgical clips market over the forecast period.

Segment by Type
Titanium
Polymer
Others

Segment by Application
Hospitals
Ambulatory Surgical Centers
Others

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market, throughout the forecast period. The market is witnessing growth, due to factors, such as the presence of key players, high incidence of chronic diseases, accidents, and trauma in the region, and established healthcare infrastructure. In the North America region, the United States has the maximum share, due to supportive healthcare policies, a high number of target patients, and an increasing inclination towards sophisticated healthcare facilities. For instance, according to OECD, the number of cesarean sections performed in the United States accounted for 1,208,176 procedures in 2018. The high number of surgeries being performed in the region is the major factor driving the studied market growth. Thus, because of the increasing surgical procedures and new product approvals, the surgical clips market is expected to propel over the forecast period in North America.

Key Reasons to Purchase:
 
- To gain insightful analyses of the market and have comprehensive understanding of the global Surgical Clips market and its commercial landscape.
 
- Assess the production processes, major issues, and solutions to mitigate the development risk.
 
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 
- Learn about the market strategies that are being adopted by leading respective organizations.
 
- To understand the future outlook and prospects for the Surgical Clips market.

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About Us

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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