Ligating Clip Cartridge Market Size, Share, Growth, And Industry Analysis, By Type (Polymer Material, Metallic Material) By Application (Minimally Invasive Surgery, Open Surgery), Regional Insights, and Forecast From 2023 To 2030

Updated On: 20 November 2023

Ligating Clip Cartridge Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global ligating clip cartridge market size was US$ 1156.1 million in 2021. As per research the market is expected to generate US$ 2034.8 million by 2028 with a CAGR of 8.2% during the forecast period.

Ligating clips are frequently employed during surgery for both vascular closure and marking purposes. Where stated, they are intended for use on tubular structures or blood arteries. Since they do not enter the blood vessels and are safe to use during surgical operations, they are often favored over staplers. Titanium ligating clips and polymer ligating clips are the two main categories of ligating clips.

The rising number of surgeries conducted as a result of accidents, injuries sustained during sporting events, and heart conditions are the main drivers of the surgical clips industry. The ageing population and the rising prevalence of chronic disorders including cardiovascular disease that require surgery are predicted to fuel the expansion of the surgical clips market. 

COVID-19 Impact: COVID -19 Pandemic Posed Lockdown Affect the Market Negatively

The market has been adversely affected by COVID-19. This is because the number of elective procedures has significantly decreased, as has the ability of surgeons to conduct them. The operating rooms where these procedures are carried out are very likely to transmit the COVID-19 infection, putting the lives of the surgeons and the patients at danger. The main issues seen during the epidemic was the lack of surgical professionals and the willingness of the patients to undertake procedures. The absence of manufacturing facilities caused a lack of surgical instruments, which consequently hampered market expansion. However, throughout the projected time, it is anticipated that the pandemic's effects would be lessened by guidelines issued expressly for each specialty to offer safe and effective surgical treatment.

Latest Trends

"Usage of Minimally Invasive Techniques Increasing to Speed Up Recovery Leading Market Expansion"

Some of the reasons driving the market expansion include the rise in the use of minimally invasive procedures to enhance recovery times, shorter hospital stays, minimalized post-surgery consequences, and convenience of treatment during operations especially among the senior population. Ligating clips have been shown to reduce incisions and stop bile and blood leakage during minimally invasive operations. Litigating clips were created by businesses like B. Braun, Boston Scientific, and Grena, Ltd. to speed up and increase the precision of clip insertion during surgical procedures and prevent clips from slipping from the site of adhesion. Aneurysm clips make it possible to treat the cranial aneurysm precisely because surgical operations are one of the main therapy choices for neurological issues. The market has grown as a result of technological developments made by the industry leaders and surgical clips' low cost.

Ligating Clip Cartridge Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into Polymer Material, Metallic Material. Polymer Material is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Minimally Invasive Surgery, Open Surgery. Minimally Invasive Surgery will be the dominating segment.

Driving Factors

"High Demand for Less Invasive Treatments Fuel the Market Growth"

The use of ligating clips is being influenced by a number of variables, including an increase in the number of elderly patients, better treatment outcomes, a high demand for less invasive treatments, and increased patient safety during surgical operations. Ligating clips, which are often employed in both laparoscopic and open procedures, also contribute to minimizing operation time and associated hazards.

"Rise in Clipping Awareness and Technological Developments Fuel the Market Growth"

An increase in surgical operations, technological developments, the prevalence of chronic illnesses, technical breakthroughs in clipping, and a rise in clipping awareness are the factors expected to boost the worldwide market for surgical clips. Other important aspects propelling the surgical clips market development include the usage of minimally invasive treatments to speed up recovery, shorten hospital stays, reduce post-surgery problems, and offer the convenience of treatment during operations, especially for the elderly. Ligating clips have been demonstrated to decrease incisions and prevent bile and blood leakage during minimally invasive procedures.

 The advantages of surgical clips over other surgical equipment are their lower cost, enhanced sterilization and inertness, watertight closure, and ready-to-use, convenient preloaded disposable clip cartridges. This market is anticipated to have considerable expansion during the projected period as a result of surgical clips' benefits, which include lower cost as compared to other surgical devices, better sterilization and inertness, watertight closing, and ready-to-use and convenient preloaded disposable clip cartridges.

Restraining Factors

"Increasing Expenses and Postoperative Problems Restrain the Market Growth"

Over the forecast period, increasing expenses and postoperative problems are anticipated to restrain the growth of the global market for surgical clips. Additionally, due to poor holding strength, surgical clip migration is a problem for the market for clips used in surgery. Moving clips from one place to another could injure the patient. Clips move from one place to another under pressure from intra-abdominal organ movements. Additionally, surgical clips may be problematic during diagnostic imaging procedures, which can retard market expansion.

Ligating Clip Cartridge Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"North America Is Anticipated to Expand More Rapidly During the Forecast Period"

During the anticipated timeframe, North America is anticipated to expand more rapidly than Asia. This tendency is influenced by the increase in preventative surgeries, the widespread use of technologically advanced devices, and the rising demand for less invasive surgical procedures. The majority of market players also call the United States home, making it the market's hub.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Teleflex Medical (U.S.)
• Grena (India)
• Medtronic (Ireland)
• Johnson & Johnson (U.S.)
• B. Braun (Germany)
• Sanlian Xinghai (China)
• Welfare Medical (India)
• Conkey Medical (U.S.)
• Holy Stone Technology (China)
• Tonglu Zhouji Medical Equipment (China)
• Prius Star (Changzhou) (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.