DUBLIN--(BUSINESS WIRE)--The "Surgical Clips Market by Material Type, Type, by Surgery Type and End User - Global Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
The market was valued at $4,849 million in 2017, and is expected to reach $7,322 million by 2025, growing at a CAGR of 5.2% from 2018 to 2025.
Growth in a number of surgical procedures across the globe, rise in adoption of surgical clips, technological advancements in surgical clips, and increase in awareness of surgical clips are the major factors that drive the growth of the surgical clips market, globally. Some other factors such as better clinical outcomes, cost effectiveness, and greater convenience further boost the market growth. However, complications associated with surgical clips such as migration of the clips are expected to hinder the market growth.
Based on type, 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, 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.
Depending on surgery type, 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.
- Ackermann Medical GmbH & Co.
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Edwards Lifesciences Corporation
- Grena Ltd.
- Johnson & Johnson
- Lemaitre Vascular Inc.
- Medtronic Plc
- Scanlan International Inc.
- Teleflex Incorporated
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