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Surgical Clips Market Expected to Reach USD 7,322 Million, by 2025
Surgical Clips Market
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Based on type, the surgical clips market is segmented as ligating clips, aneurysm clips, and others. Presently, the ligating clips segment dominates the global market, and is anticipated to continue this trend during the forecast period. However, the aneurysm clips segment is expected to exhibit rapid growth in the market during the forecast period, due to increase in prevalence of aneurysm, and growth in demand for aneurysm clipping.
Based on material type, the market is classified as titanium, polymer, and others. Presently, the titanium surgical clips segment dominates the global market, and are estimated to remain dominant during the forecast period, owing to their advantages such as inertness, and cost effectiveness. While, the demand for polymer clips is expected to increase during the forecast period, owing to the growth in demand for absorbable surgical clips.
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Depending on surgery type, the global surgical clips market is classified into automated surgery clips and manual surgery clips. Presently, the manual surgery clips segment is the major revenue contributor, as surgical procedures are preferably performed manually due to the cost effectiveness associated with them. However, the automated surgical clips segment is expected to experience fastest growth in the market during the forecast period, owing to growth in awareness about robotic surgeries.
Based on end user, the global surgical clips market is segmented into hospital & clinic, and ambulatory surgery center. At present, the hospital & clinic segment is the major revenue contributor, and is estimated to remain dominant during the forecast period. Whereas, ambulatory surgery center segment is expected to show fastest growth in the market during the forecast period, due to growth in the number of ambulatory surgery centers.
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Based on type, the aneurysm clips segment is expected to experience rapid growth in the market, and is projected to grow at a CAGR of 5.8% from 2018 to 2025.
Based on surgery type, the automated surgery clips segment exhibits fastest growth and is expected to grow at a CAGR of 8.0% from 2018 to 2025.
Based on end user, the hospital & clinic segment held more than half of the global market share in 2017, and is expected to remain dominant throughout the forecast period.
Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 6.2% during the forecast period.
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