Clip Applicator Market Size, Share, Trends, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Clip Applicator Market


The global Clip Applicator market size is projected to reach US$ 8.25 billion by 2026, from US$ 5.5 billion in 2020, at a CAGR of 7% during 2021-2026. Increase in number of obstetrical and perinatal conditions, injuries, and malignancies are some of the factors leading to 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 as well as minimizes blood loss, promotes early recovery and reduced 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 the market growth.

However, minimally invasive application requires specialized high-end medical equipment and specialized training for surgeons. Also, the equipment used for minimally invasive application are very expensive. These factors may hinder the market growth.
Improvements to develop advanced technologies for instance multi-firing-clip applicator (endoscopic application) for closing large colonic perforation, multiple clip application system (ClipMaster3) that permit 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 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 application with more precision and safety ensuring minimum cuts and blood loss.

Market Segmentation, Outlook & Viewpoint: Global Clip Applicator Market

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Laparoscopic Appliers
  
Endoscopic Appliers
  
Open Application Appliers
  
Vasculars

Key Players, Recent Developments & Regional Insights: Global Clip Applicator Market

Based on the application, the clip applicator market is segmented into laparoscopic, endoscopic, open application, and vascular clip applicator. 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 of 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 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 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 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, presence of sophisticated healthcare infrastructure, rising consumer awareness, and presence of multinational manufacturers.

Asia Pacific is poised to expand at a significant CAGR of 8.8% over the forecast period. Rising availability of insurance and improving medical facilities are anticipated to fuel the regional demand. Government initiatives to reduce the healthcare expenditure, increasing number of geriatric population, and rising awareness among physicians about advanced surgical technologies and instruments have also led to increasing demand for minimally invasive application, 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 Medicals clip applicator can be used for laparoscopic as well as endoscopic surgeries. This product comes with a non-absorbable, inert, nonconductive ligating clip which does not interfere with CT or X-ray diagnostics. The clip applicator features advanced and unique inner pattern to provide stronger locking power.

Key Insights Covered: Global Clip Applicator Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Clip Applicator industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Clip Applicator industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Clip Applicator industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Clip Applicator industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Clip Applicator industry.

Research Methodology: Global Clip Applicator Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other