Global Ligating Clips Market Size Likely to Surpass at a CAGR of 25.1% By 2033

As per the current market research conducted by the CMI Team, the global Ligating Clips Market size is expected to record a CAGR of 25.1% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 332.5 Million. By 2032, the valuation is anticipated to reach USD 2495.3 Million.

Ligating Clips Market: Growth Factors and Dynamics

• Rising Surgical Procedures: The increasing number of surgical procedures globally is a key growth factor for the ligating clips market. Growing healthcare infrastructure and the prevalence of chronic diseases contribute to the demand for ligating clips in various surgical interventions.

• Advancements in Medical Technology: Technological advancements in medical devices, including ligating clips, drive market growth. Innovations such as improved clip materials, design, and application techniques enhance the efficiency and safety of ligations during surgical procedures.

• Increasing Minimally Invasive Surgeries: The trend toward minimally invasive surgeries, including laparoscopic and endoscopic procedures, boosts the demand for ligating clips. These clips provide precise and secure ligation in minimally invasive settings, contributing to the market’s expansion.

• Growing Geriatric Population: The aging global population contributes to the ligating clips market’s growth, as elderly individuals often require surgical interventions. Ligating clips are commonly used in various procedures, such as vascular surgeries, which are more prevalent in older demographics.

• Rising Awareness and Adoption: Increasing awareness among healthcare professionals about the benefits of using ligating clips in surgeries and the adoption of these advanced medical devices contribute to market growth. Surgeons increasingly recognize the importance of secure and efficient ligations in various medical applications.

• Expansion of Healthcare Infrastructure: The ongoing expansion of healthcare infrastructure, particularly in emerging economies, fuels the ligating clips market. Improved access to healthcare facilities, coupled with the adoption of advanced surgical techniques, drives the demand for ligating clips in diverse medical settings.

• Prevalence of Chronic Diseases: The rising prevalence of chronic diseases, such as cardiovascular disorders and cancer, necessitates surgical interventions. Ligating clips play a crucial role in securing tissues and vessels during these procedures, contributing to the market’s growth as the incidence of chronic illnesses continues to increase globally.

• Regulatory Support and Standardization: Stringent regulatory frameworks and the establishment of standardized practices for medical devices positively impact the ligating clips market. Compliance with regulatory requirements enhances product quality and safety, fostering trust among healthcare professionals and driving the market’s overall expansion.

• Government Investments in Healthcare Infrastructure: Government initiatives to strengthen healthcare infrastructure post-pandemic involve increased investments. These investments support the procurement of essential medical devices, including ligating clips, as part of efforts to enhance healthcare capabilities and preparedness for future medical challenges.

Ligating Clips Market: Partnership and Acquisitions

• In 2022, Cook Medical introduced the Instinct Plus Endoscopic Clipping Device, featuring extended indications and enhanced functionality. This innovation represents a significant advancement in endoscopic clipping technology, providing improved capabilities for medical professionals in various clinical applications.

• In 2022, Meril Endo-Surgery Limited’s Mirus Ligating Clip has received FDA approval for use in open general surgery procedures requiring metal ligating clips for tubular structures or vessels. The single-use, sterile, titanium clips are available in various sizes, packaged in plastic cartridges containing six clips each.

Report Scope

Ligating Clips Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Ligating Clips Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Elective Surgeries: The pandemic led to a significant disruption in elective surgeries, impacting the demand for ligating clips as non-urgent medical procedures were postponed or cancelled, affecting the market growth.

• Supply Chain Disruptions: Lockdowns and restrictions disrupted global supply chains, affecting the production and distribution of medical devices, including ligating clips. This led to challenges in the availability of these essential surgical tools.

• Financial Constraints in Healthcare Systems: The financial strain on healthcare systems during the pandemic affected budget allocations for medical supplies, including surgical instruments like ligating clips. Hospitals faced economic challenges, impacting procurement decisions.

• Resumption of Elective Surgeries: As healthcare systems stabilize, the gradual resumption of elective surgeries contributes to the recovery of the ligating clips market. Increased surgical activities drive demand for these devices in various medical procedures.

• Enhanced Supply Chain Resilience: The industry focuses on building resilient supply chains to mitigate future disruptions. Improved logistics, diversified sourcing, and strategic stockpiling contribute to a more robust and responsive supply chain for ligating clips.

• Accelerated Digital Adoption: The adoption of digital platforms for procurement and distribution accelerates post-COVID, facilitating more efficient and transparent transactions for ligating clips. Digitalization streamlines the supply chain, ensuring a smoother flow of products to end-users.

• Emphasis on Local Manufacturing: Increased emphasis on local manufacturing reduces dependency on international supply chains. Investing in domestic production facilities for ligating clips enhances reliability and reduces the impact of global disruptions.

• Focus on Telemedicine and Remote Consultations: The integration of telemedicine and remote consultations continues to shape healthcare practices. Surgeons and healthcare professionals exploring these alternatives maintain demand for ligating clips while adapting to evolving healthcare delivery models.

• Research and Development Initiatives: Increased research and development activities post-COVID-19 focus on enhancing the design and functionality of ligating clips. Innovations, such as materials with antimicrobial properties or smart clip technologies, contribute to market recovery by offering advanced solutions that align with evolving healthcare needs.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Ligating Clips Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Ligating Clips Market:

• Johnson & Johnson (Ethicon Inc.)
• Medtronic plc
• Braun Melsungen AG
• Teleflex Incorporated
• ConMed Corporation
• Grena Ltd.
• Genicon Inc.
• Scanlan International Inc.
• Changzhou Anker Medical Co. Ltd.
• Ovesco Endoscopy AG
• Marlow Medical Group
• Hakko Co. Ltd.
• Hangzhou Kangji Medical Instrument Co, Ltd.
• Surtex Instruments Ltd.
• Gore & Associates
• Others

The Ligating Clips Market is segmented as follows:

By Type

• Polymer Ligating Clips
• Metal Ligating Clips
• Haemostatic Ligating Clips
• Others

By Application

• Surgery
• Endoscopy
• Vascular Ligations
• Others

By Material

• Titanium Ligating Clips
• Polymer Ligating Clips
• Stainless Steel Ligating Clips
• Others

By End User

• Hospitals and Clinics
• Ambulatory Surgical Centres
• Research Institutes
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America