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Clip Applicator Market: Overview

  • Surgical clip applicator comprises a mouthpiece with tool jaws for holding a clip during the application. Clip applicator is generally U-shaped or V-shaped in design and the mouthpiece of the clip applicator is usually fork-shaped. This instrument helps to carry out surgical procedures. The mouthpiece of the applicator is made of either plastic or steel.
  • The global clip applicator market is anticipated to expand at a significant pace during the forecast period, owing to the increase in the number of surgeries and preference of surgeons for these clips, as they help avoid tissue rapture through clip application at the right position.

Key Drivers of Global Clip Applicator Market

  • According to the American Heart Association, cardiovascular disease is one of the most common causes of mortality, accounting for approximately 17 million deaths (30% deaths) every year, a number that is expected to increase to over 23.6 million by 2030. Common reasons for cardiovascular disease are unhealthy diet, physical inactivity, cholesterol, tobacco use, and alcohol. Cardiovascular disease require surgical procedures. This is expected to be a key factor driving the global clip applicator market during the forecast period.
  • Companies operating in the global clip applicator market are improving their distribution network. They have adopted strategies, such as mergers & acquisitions, development of new products, joint ventures, and expansions, to cater to the increasing demand for clip applicators in different regions.

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Availability of Cheap Clip Applicators to Hamper Market

  • The clip applicator market is highly fragmented. The market consists of several small- to medium-sized companies that compete with each other and large enterprises. Several regional and local manufacturing players offer low cost clip applicators.
  • High preference for low-cost clip applicators and their reusability in repeated surgery have limited sales volume of many clip applicator manufacturing companies. This is hampering the clip applicator market.

Asia Pacific to Hold a Major Share of Global Clip Applicator Market

  • Asia Pacific is a leading consumer of clip applicators due to the increase in the number of surgeries and rise in the adoption of modern surgical instruments to perform surgeries. In 2017, the AIIMS hospital in India performed 1.94 lakh surgeries, the highest number of surgeries performed across the world within a year.
  • The clip applicator market in North America is estimated to expand at a rapid pace during the forecast period. This can be attributed to the rise in ageing population, favorable reimbursement policies for surgeries in the region, and high cost of clip applicators. Moreover, high volume of surgeries is also expected to drive the clip applicator market in the region. According to the Texas Heart Institute, 500,000 coronary bypass procedures are performed each year in the U.S.
  • According to the WHO, C-section deliveries account for more than 50% of the total births every year in Brazil. Moreover, high prevalence of chronic disease and improvement in medical infrastructure are factors that are likely to drive the demand for surgical procedures in Latin America. This, in turn, will propel the market for clip applicators in the region.

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Key Players Operating in Global Market:

Major players operating in the global clip applicator market are:

  • Braun Melsungen AG
  • Johnson & Johnson Services, Inc.
  • Matrix Surgical
  • Bharat Surgical Co.
  • Advin Urology
  • Medtronic
  • CONMED Corporation
  • Welfare Medical Ltd.
  • KANGJI Medical

Global Clip Applicator Market: Research Scope

Global Clip Applicator Market, by Instrument Type

  • Hemolock Clip Applicator
  • Normal Clip Applicator

Global Clip Applicator Market, by Application

  • Open Surgery
  • Laparoscopic Surgery

Global Buccal Tubes Market, by End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Nursing Home

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

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Clip Applicator Market

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