Surgical Clips Market Size, Share & Trends Analysis Report By Type (Ligating, Aneurysm), By Material (Titanium, Polymer), By Surgery Type, By End User, By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global surgical clips market size was valued at USD 367.5 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 26.7% from 2021 to 2028. The rise in the adoption of minimally invasive techniques to improve recovery time, reduced length of hospital stays, minimalized post-surgery complications, and convenience of treatment during surgeries even among the geriatric population are some of the factors fueling the market growth. The use of ligating clips in minimally invasive surgeries has proven to minimize incisions and prevent bile and blood leakage. Companies such as B. Braun, Boston Scientific, and Grena, Ltd. have developed ligating clips to improve the pace and accuracy of their placement during surgical operations and prevention of clips slippage from the site of adherence. As surgical procedures are one of the major treatment options for neurological problems, aneurysm clips pave the way for the precise treatment of the cranial aneurysm. Technological advancements undertaken by the market leaders and the cost-effectiveness of surgical clips have led to market growth.

COVID-19 has negatively impacted the market. This is due to the heavy reduction of elective surgeries and reduced surgeon capacity to perform them. The operating rooms where these surgeries are performed are highly prone to COVID-19 infection spread, thus risking the life of surgeons and patients. In addition, the unavailability of surgical staff and the willingness of the patients to undergo surgeries were the major drawbacks observed during the pandemic. Manufacturing facilities remained shut leading to the shortage of surgical tools, which also hindered the market growth. However, guidelines provided specifically for each specialty to provide safe and effective surgical care are expected to reduce the ramifications of the pandemic during the forecast period.

The impact of COVID-19 on the raw material sectors is also expected to have direct repercussions on the market growth. In addition, strict regulatory guidelines on the production, use, and disposal of polymer-based medical devices may hamper the entry of new market players. The current slowdown in raw material supply is anticipated to boost the replacement rate of other materials, such as stainless steel and alloys, by advanced polymer-based products.

Material Insights

Titanium surgical clips held the largest revenue share of 82.6% in 2020. The advantages of titanium include durability, inertness, non-reactivity, high tensile strength, and lightness. Its exceptional compatibility with imaging modalities like CT, X-rays, and MRI and the ability to effectively secure the closure of even the most delicate vessels during surgeries make it a preferred choice for surgical equipment, thereby leading to the segment growth.

Resistance to axial pull, inertness, and radiolucency are the key advantages of a polymer as a material for surgical clips. Its non-conductive property resists thermal spread preventing tissue necrosis, thus saving organs adjacent to the surgical clip. Hem-o-lok is a commonly used non-absorbable polymer clip that has better tissue holding power and improved resistance to arterial pressure (up to 800 mmHg) than titanium clips. Excellent tactile feedback, no spillage, and resistance to microbial growth are some of its additional benefits over metal clips. Numerous market players are developing absorbable polymers to diminish the removal of surgical clips post-recovery. Other materials like tantalum, stainless steel, and alloys are expected to get replaced by the advanced surgical clips being introduced in the market.

Surgery Type Insights

General surgery held the largest share of 87.5% in 2020. Thoracic, vascular, urologic, gynecological, bariatric, and other general surgeries have a constant need for surgical clips. Reduced infection rate, faster healing time, minimized scar visibility, and increased patient satisfaction are the prominent advantages of surgical clips over sutures.

The automated/robotic-assisted surgery segment is still in the initial growth phase. The lack of financial aid, infrastructure, and skilled personnel and insufficient clinical evidence related to automated surgery are the major reasons behind its smaller market share.  However, reduction in human errors and improved efficiency have led to the improved adoption of this surgery in economically developed countries.

End-user Insights

The hospitals segment captured the largest share of 78.8% in 2020 owing to the large procedural volume and preventive surgeries. With an increase in the number of surgical procedures, such as neurosurgery and abdominal laparoscopy, and the growing incidence of trauma, the demand for surgical clips has significantly increased in hospitals.In developed regions, medical bills containing ligature expenditure are reimbursed by insurance agencies. This led to the increase in surgical procedures performed using clipping equipment at hospitals, which positively impacted the segment growth.

Ambulatory Surgical Centers (ASCs) are anticipated to register the highest growth rate of 28.6% during the forecast period. This can be attributed to lower out-of-pocket costs, better patient accessibility, and decreased facility costs. Most Asian and Middle Eastern countries lack the economy and infrastructure for establishing ambulatory centers, but they are soon to develop the same to minimize the surgical burden on hospitals.

Type Insights

The ligating clips segment accounted for the largest revenue share of 78.2% in 2020. Ligating clips have numerous benefits like structural and dimensional stability, compatibility with open and endoscopic clip appliers, tactile feedback to allow surgeons to ensure accurate locking, high biocompatibility, and they effectively prevent biofluid leakage (such as bile and blood) post-surgical applications. Hence, it makes them a top choice for surgical ligature. The most commonly used ligating clips are Hem-o-lok and Hemoclip. They are available in various sizes ranging from microchips to large clips depending on the ligature dimensions.

Nowadays, research is being undertaken to develop dissolvable surgical clips to prevent its movement from the site of application and avoid its removal post-recovery.  Aneurysm clips are expected to witness lucrative growth during the forecast period. Decreased post-operative brain contusions, prolonged efficacy of aneurysm clipping, and reduced serious complications led to the increased adoption of the aneurysm clipping technique, which positively impacted the market growth.

Regional Insights

Asia Pacific held the largest share of 27.8% in 2020 and is expected to witness the fastest growth over the forecast period. The high patient population and a large volume of surgeries are some of the reasons fueling the regional market growth. Advancing healthcare infrastructure in the region and the growing medical tourism market in the region is attracting global market players in the region. The presence of price-sensitive customers and the non-availability of reimbursement policies in the region provide a favorable environment for the entry of local market players offering products at competitive prices.

North America is expected at a CAGR of 28.4% during the forecast period. This growth can be mainly attributed to the factors such as the increasing number of preventive surgeries, the high adoption of technologically advanced devices, and the rising preference for minimally invasive surgical procedures. Most market players are located in the U.S., which makes it the hub of the market.

The European region is anticipated to witness lucrative growth during the forecast period. The growth can be attributed to various factors such as the rising prevalence of chronic disorders, high adoption of advanced technologies, the presence of a large geriatric population, increasing reimbursement for surgical procedures, and the growing demand for minimally invasive procedures over traditional methods.

Key Companies & Market Share Insights

The market is highly fragmented due to the presence of local manufacturers and sellers in most regions of the globe. Major players offer these clips in different sizes and styles and market them exclusively for specific applications. Strong marketing and affordable pricing play an important role in the competition and are considered to be the major deciding factors for the customers. To cope with the growing competition in the market, major players like Teleflex, Ethicon, Boston Scientific, Ackermann Medical, B Braun Medical are forming strategic alliances with local sellers to expand their reach and maintain their market position. Some prominent players in the global surgical clips market include:

• Ackermann Medical GmbH & Co.

• B. Braun Melsungen AG

• Boston Scientific Corporation

• Edwards Lifesciences Corporation

• Grena Ltd.

• Johnson & Johnson (Ethicon)

• Scanlan International, Inc.

• Teleflex Incorporated.

• MERIL LIFESCIENCES Pvt. Ltd.

• Anrei and Sinolinks

Surgical Clips Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global surgical clips market report on the basis of type, material, surgery type, end user, and region:

• Type Outlook (Revenue, USD Million, 2016 - 2028)

  • Ligating

  • Aneurysm

• Material Outlook (Revenue, USD Million, 2016 - 2028)

  • Titanium

  • Polymer

  • Others

• Surgery Type Outlook (Revenue, USD Million, 2016 - 2028)

  • Automated/ Robotic Assisted Surgery

  • General Surgery

• Hospitals End-user Outlook (Revenue, USD Million, 2016 - 2028)

  • Ambulatory Surgical Centers

  • Clinics

• Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

    • Norway

    • Sweden

    • Russia

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • Turkey

    • UAE