According to a recently published Future Market Insights study, the Surgical Clips Market Demand is expected to develop at a CAGR of 35.5% from 2023 to 2033, with revenues estimated at US$ 481.1 million in 2022. The market is predicted to reach US$ 12.9 billion by the end of 2033. From 2023 to 2033, the market for titanium-based Surgical Clips is predicted to rise at a CAGR of 36.5%.
Surgical Clips are small devices used in surgical procedures to secure blood vessels, tissues, or other structures. They are commonly made of stainless steel or titanium and come in various shapes and sizes to accommodate different surgical needs. The primary purpose of Surgical Clips is to provide temporary or permanent closure of blood vessels to control bleeding during surgery. They are also used to secure tissue or to mark specific anatomical structures for future reference.
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One of the significant advantages of Surgical Clips is their ease of use. Surgeons can quickly and precisely apply the clips using specialized clip appliers. The clips provide a secure grip on the tissue or vessel, minimizing the risk of bleeding or tissue damage. Furthermore, Surgical Clips are non-absorbable, meaning they remain in place indefinitely without being broken down by the body. This characteristic allows for long-term stability and reliability in maintaining hemostasis or securing tissue during the healing process.
Surgical Clips are commonly used in a variety of surgical procedures, including abdominal surgeries, cardiovascular surgeries, and orthopedic surgeries. They are particularly valuable in cases where suturing or tying off blood vessels may be challenging or time-consuming. Additionally, Surgical Clips offer advantages in delicate surgeries where precision and minimal tissue trauma are crucial. While complications with Surgical Clips are rare, there is a possibility of migration or dislodgment, which can be managed through regular postoperative monitoring. Overall, Surgical Clips play a vital role in surgical practice, providing a safe and effective means of vessel ligation and tissue fixation.
Surgical Clips Market Key Trends:
The rise in the number of people undergoing surgical treatments as a result of the widespread prevalence of chronic illnesses such as arthritis, cancer, obesity, and cardiovascular diseases is one of the primary growth-inducing factors in the Surgical Clips market.
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This can also be attributed to the world’s growing senior population, which is more vulnerable to medical conditions that require surgery. Furthermore, the implementation of strong healthcare regulations that promote safety and efficacy during invasive surgical operations is propelling the industry ahead. Furthermore, the expanding medical tourism industry, as well as the growing popularity of aesthetic procedures, are driving market expansion.
An rise in fatal car accidents and high hospital admission rates are also driving up demand for Surgical Clips used to close wounds. Furthermore, because retained clips decrease the quality of computed tomography and magnetic resonance imaging images and cause difficulties, scientists are developing safe alternatives that may be dissolved or absorbed by the body over time.
The need for Surgical Clips in clinical application is predicted to increase significantly, as they can reduce the rate of postoperative complications and issues associated with diagnostic imaging.
Surgical Clips Market Competitive Landscape:
Major Players:
- Ackermann Medical GmbH & Co.
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Edwards Lifesciences Corporation
- Grena Ltd.
- Johnson & Johnson
- Scanlan International, Inc.
- Teleflex Incorporated.
- Meril Lifesciences
- Anrei and Sinolinks
- In November 2020, a Taiwanese surgical business introduced the InnoClip 5mm multi-fire titanium clip applier. It is designed to improve the outcome of minimally invasive procedures.
It is expected to lessen the danger of scarring and infection, however, it still has enough clip retention force to secure litigation performance with vessels and structures up to 6-7mm in diameter. Automatic clip feeding, an anti-back mechanism, and an ergonomic design for one-finger rotation are all included in the gadget.
- In November 2020, Meril Endo-Surgery Limited’s Mirus Litigating Clip received FDA approval. It is designed for open general surgery procedures that require a metal ligating clip, such as tubular structures or vessels. MirusTM Ligating Clips are single-use, sterile, implanted titanium clips. The clips come in a variety of sizes, and each plastic cartridge contains six clips.
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