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Global Surgical Clips Market 2019-2023 | Increasing Number of Surgical Procedures to Boost the Market | Technavio

May 27, 2019
Technavio has published a new market research report on the global surgical clips market from 2019-2023. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 27, 2019--

A new market research study by Technavio on the global surgical clips market projects the market to grow at a CAGR of more than 5% during the period 2019-2023. This research report provides an in-depth analysis of the market in terms of revenue, top drivers, and emerging market trends. It also includes detailed insights and forecasts for all the market segments across different geographies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190527005069/en/

Technavio has published a new market research report on the global surgical clips market from 2019-2023. (Graphic: Business Wire)

Increasing number of surgical procedures

The increasing prevalence of various chronic conditions such as cancer and cardiovascular diseases, gynecology-related issues, and orthopedic cases have led to a significant increase in the number of surgeries globally. This is increasing the demand for surgical clips as they are increasingly being used in surgical procedures for neurological, general, and orthopedic surgeries. Surgical clips do not enter into the blood vessels, unlike surgical staples, which is one of the primary reasons for their increased adoption. Hence, the increasing number of surgical procedures will boost the growth of the surgical clips market size during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report, including the market size and forecast, drivers, challenges, trends, and more.

Growing focus on developing dissolvable clips using magnesium alloy

Surgeons currently rely on surgical clips, which are made of titanium, polymer, or stainless steel. The metal surgical clips can cause severe pain when pressed against the nerve endings. Also, these clips can also interfere with scanning techniques such as MRI and CT. As a result, surgical clips manufacturers and research institutes are focusing on developing dissolvable surgical clips by using magnesium alloy, which can get absorbed in the body. The alloy contains zinc and calcium, which improves the microstructure of the clips and ensures fast healing of the wound. These clips also reduce post-operative complications and minimize problems associated with diagnostic imaging.

According to a senior analyst at Technavio, “ Apart from the growing focus on developing dissolvable clips using magnesium alloy, other factors such as the robotic-assisted surgical procedures with surgical clips, and the availability of surgical clips over online platforms will have a significant impact on the growth of the surgical clips market during the forecast period.”

Risks and complications associated with surgical clips

Surgical clips are associated with some rare risks and complications such as migration of clips from one place to another, which can be harmful to the patient. Furthermore, surgical clips can lead to complications during diagnostic imaging procedures such as CT scan, MRI, and X-ray. While these factors may hamper market growth, manufacturers are developing dissolvable surgical clips that can overcome issues associated with conventional surgical clips. Thus, the development of dissolvable surgical clips will boost market growth during the forecast period.

Top players in the global surgical clips market:

  • B. Braun Melsungen AG
  • Boston Scientific Corp.
  • Edwards Lifesciences Corp.
  • Johnson & Johnson Services Inc.
  • Teleflex Inc.

Some of the key topics covered in the global surgical clips market include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.

With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190527005069/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: SURGERY HEALTH MEDICAL DEVICES

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 05/27/2019 08:45 AM/DISC: 05/27/2019 08:45 AM

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