The global clip applicator market size was valued at USD 4.8 billion in 2018 and is expected to witness a CAGR of 7.0% over the forecast period. An increase in the number of obstetrical and perinatal conditions, injuries, and malignancies are some of the factors leading to a tremendous rise in surgeries. Thus, the rapid increase in the number of surgeries is propelling the market growth.
For minimally invasive surgeries, a very small area of the internal body is exposed to the external environment, which reduces the risk of infection and minimizes blood loss, promotes early recovery, and reduces hospital stay. These are some of the leading to increased preference for minimally invasive surgeries over open surgeries. This factor is anticipated to fuel the demand for clip appliers, thereby driving market growth.
However, the minimally invasive application requires specialized high-end medical equipment and specialized training for surgeons. Also, the equipment used for minimally invasive applications is very expensive. These factors may hinder market growth.
Improvements to develop advanced technologies, for instance, the multi-firing-clip applicator (endoscopic application) for closing large colonic perforation, multiple clip application systems (ClipMaster3) that permit the application of three clips in a single pass such that the system need not be removed out for reloading of clips, polymer ligating clip applicator to make sure that biocompatibility is increased along with the dimensional and structural stability which is important for patient safety, are anticipated to play a vital role in driving the growth.
Technological advancements in clip design include the availability of ligation clips in various sizes with improved functions and reduced clip failure. Different types of clips are available in the market such as titanium and magnesium alloy among others provide various means of performing applications with more precision and safety ensuring minimum cuts and blood loss.
Based on the application, the clip applicator market is segmented into laparoscopic, endoscopic, open application, and vascular clip applicators. The endoscopic segment was dominant accounting for around 54.0% market share in 2018 followed by laparoscopic clip appliers with 25.3% market share. Both being forms of minimally invasive surgeries, together comprise 80% of the market reasons being the faster recovery, shorter hospital stay, reduced tissue trauma, less blood loss, and cost-effectiveness among other advantages. The vascular clip applier segment is anticipated to expand at a CAGR of 6.8% over the forecast period owing to the increased number of cardiovascular diseases.
The segment of laparoscopic appliers is projected to expand at the fastest CAGR over the forecast period, attributed to the increasing number of laparoscopic gallbladder surgeries. As per the study published by the National Center for Biotechnology Information (NCBI) in 2019, around 20 million people in the U.S. have gallstones. More than 600,000 cholecystectomies are performed annually and around 90% of cholecystectomies are performed laparoscopically. This will boost the demand for clip appliers in the U.S.
The demand is expected to be high in North America accounting for around 40.40% of the market share. This demand can be attributed to technological advancements, the presence of sophisticated healthcare infrastructure, rising consumer awareness, and the presence of multinational manufacturers.
Asia Pacific is poised to expand at a significant CAGR of 8.8% over the forecast period. The rising availability of insurance and improving medical facilities are anticipated to fuel the regional demand. Government initiatives to reduce the healthcare expenditure, an increasing geriatric population, and rising awareness among physicians about advanced surgical technologies and instruments have also led to increasing demand for minimally invasive applications, driving the overall market growth.
Some of the players operating in the market are B. Braun Melsungen; Unimax Medical System, Inc.; Betatech Medical; Geyi Medical; Eclam Medical; Teleflex Incorporated; CONMED Corporation; Millennium Surgical Corp; and Johnson and Johnson Services, Inc. The companies are undertaking various strategic initiatives such as new product launches to gain market share.
For instance, companies like Eclam Medical have come up with clip appliers that can be preloaded with 10 to 20 clips so that clips can be fired continuously. Another instance where Betatech Medical’s clip applicator can be used for laparoscopic as well as endoscopic surgeries. This product comes with a non-absorbable, inert, nonconductive ligating clip that does not interfere with CT or X-ray diagnostics. The clip applicator features an advanced and unique inner pattern to provide stronger locking power.
Report Attribute |
Details |
Market size value in 2020 |
USD 5.3 billion |
Revenue forecast in 2026 |
USD 8.0 billion |
Growth Rate |
CAGR of 7.0% from 2019 to 2026 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2026 |
Quantitative units |
Revenue in USD million and CAGR from 2019 to 2026 |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
Segments covered |
Application, region |
Regional scope |
北美;欧洲;亚太地区;拉丁美洲; MEA |
Country scope |
U.S.; Canada; UK; Germany; France; Italy; Spain; Japan; China; India; Australia; South Korea; Brazil; Mexico; Argentina; Columbia; Saudi Arabia; South Africa; UAE |
Key companies profiled |
B. Braun Melsungen; Unimax Medical System, Inc.; Betatech Medical; Geyi Medical; Eclam Medical; Teleflex Incorporated; CONMED Corporation; Millennium Surgical Corp; Johnson and Johnson Services, Inc. |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs.Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global clip applicator market report on the basis of application and region:
Application Outlook (Revenue, USD Million, 2015 - 2026)
Laparoscopic Appliers
Endoscopic Appliers
Open Application Appliers
Vascular
Regional Outlook (Revenue, USD Million, 2015 - 2026)
North America
The U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Australia
South Korea
拉丁美洲
Brazil
Mexico
Argentina
Columbia
Middle East & Africa
Saudi Arabia
南非
UAE
b.The global clip applicator market size was estimated at USD 5.0 billion in 2019 and is expected to reach USD 5.3 billion in 2020.
b.The global clip applicator market is expected to grow at a compound annual growth rate of 7.0% from 2019 to 2026 to reach USD 8.0 billion by 2026.
b.North America dominated the clip applicator market with a share of 40.4% in 2019. This is attributable to technological advancements, the presence of sophisticated healthcare infrastructure, rising consumer awareness, and the presence of multinational manufacturers.
b.Some of the players operating in the clip applicator market are B. Braun Melsungen; Unimax Medical System, Inc.; Betatech Medical; Geyi Medical; Eclam Medical; Teleflex Incorporated; CONMED Corporation; Millennium Surgical Corp; and Johnson and Johnson Services, Inc.
b.Key factors that are driving the market growth include increasing demand for minimally invasive surgeries, an increasing number of laparoscopy surgeries, and increasing obesity.
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