GVR Report coverClip Applicator Market Size, Share & Trend Report

Analysi夹器市场规模、分享乐鱼体育手机网站入口和趋势s Report By Type (Laparoscopic Appliers, Endoscopic Appliers, Open Surgery Appliers), by Region, And Segment Forecasts, 2019 - 2026

  • Report ID: GVR-3-68038-205-1
  • Number of Pages: 120
  • Format: Electronic (PDF)
  • Historical Range: 2015 - 2017
  • Industry:Healthcare

Report Overview

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.

U.S. clip applicator market size

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.

Application Insights

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.

Regional Insights

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.

Global clip applicator market share

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.

Clip Applicator Market Share Insights

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.

Clip Applicator Market Report Scope

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


Segments Covered in the Report

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

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