Global surgical clips market projected to grow to USD 1.8 billion by 2032, with increasing demand.

From GlobeNewswire: 2024-12-18 06:30:00

The global surgical clips market was valued at USD 655.9 million in 2023, projected to grow at a CAGR of 11.9% from 2024 to 2032. Surgical clips are vital in medical procedures, closing tissues, blood vessels, and ducts to control bleeding and promote healing. The demand is driven by an aging population and the rise in chronic conditions, with ligating clips leading the market in 2023 at 68.5% share. Titanium clips dominate the market material-wise, expected to reach USD 1 billion by 2032. The U.S. surgical clips market is set to hit USD 642.4 million by 2032 due to increasing surgical procedures. Major players include Ackermann Instrumente, Medtronic, and Johnson & Johnson among others.

Industry insights reveal the growing demand for surgical clips globally, driven by technological advancements and rising chronic diseases. The market faces challenges like stringent regulations and a lack of skilled professionals. Future trends point to the expansion of healthcare infrastructure and the development of innovative technologies in surgical clips. Global Market Insights offers in-depth industry reports tailored for strategic decision-making in various sectors like technology, biotechnology, and renewable energy.



Read more at GlobeNewswire: Surgical Clips Market to hit USD 1.8 billion by 2032, says