The global surgical clips market will grow at a CAGR of over 5% during 2018-2023 and the market size will increase by USD 1.46 billion during 2019-2023. The market’s growth momentum is expected to accelerate throughout the forecast period.

North America was the largest market in 2018 and its position will remain the same during 2019-2023. Market growth in this region will be slower than the growth of the market in Asia and Europe. However, about 40% of the overall market growth will originate from this region and the US will offer maximum growth opportunities to market participants.

Some of the key findings from our surgical clips market forecast report are summarized below

Surgical Clips Market

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Get a FREE sample now!

Surgical clips are used in hospitals and clinics and ambulatory surgery centers. The demand for surgical clips was high in hospital and clinics and this is expected to continue throughout the forecast period. During 2019-2023, the growth rate of the ambulatory surgery centers segment will be faster than the global market growth.

The market is fragmented, and the degree of fragmentation is expected to decrease by 2023. The accelerating growth will provide immense growth opportunities to market participants. To make the most of the opportunities, surgical clips companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

This market report provides a detailed analysis of the market by end-users (hospitals and clinics and ambulatory surgery centers (ASCs)) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including B. Braun Melsungen AG, Boston Scientific Corp., Edwards Lifesciences Corp., Johnson & Johnson Services Inc., and Teleflex Inc.
Global surgical clips market: Key drivers and trends

Surgical clips made from titanium, stainless steel, and polymers cause severe pain when pressed against nerve endings. Metal surgical clips interfere with scanning techniques such as CT and MRI. Moreover, the use of surgical clips in procedures where the clip stays in the patient’s body results in infections. These complications associated with surgical clips have induced research institutes to focus on the development of dissolvable surgical clips made from magnesium alloy. These surgical clips ensure fast wound healing, do not interfere with CT and MRI, minimize problems associated with diagnostic imaging, and reduce post-operative complications. As a result of these benefits, there is a growing focus on the development of dissolvable magnesium alloy clips. This will be one of the critical surgical clips market trends that will drive market growth during the forecast period.