Clip Applicator Market Projected To Reach USD 8.0 Billion By 2026 | Grand View Research Inc.

Clip Applicator Market Projected To Reach USD 8.0 Billion By 2026 | Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global clip applicator market size was valued at USD 4.8 billion in 2018 and is expected to witness a CAGR of 7.0% over the forecast period.

The global clip applicator market size is expected to reach USD 8.0 billion by 2026 according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 7.0% during the forecast period. Rise in laparoscopic surgeries and high demand for minimally invasive procedures are projected to propel the growth.

The number of laparoscopic surgeries is increasing annually. As per the data published by June Medical, around 1.5 million laparoscopic surgeries are performed in U.K. every year. Growth in the number of laparoscopic surgeries is attributed to increasing acceptance and popularity among both doctors and patients. This factor is anticipated to augment the demand for clip applicator over the forecast period.

Rising prevalence of gastrointestinal diseases and cancers among other diseases that require endoscopy procedures, is one of the factors boosting the market growth. In addition, prevalence of chronic diseases among baby boomers, awareness regarding novel devices as well as rising preference for minimally invasive surgeries is anticipated to support the market growth. Recent endoscopy techniques have revolutionized the examination and treatment of upper gastrointestinal tract including duodenum, stomach, and esophagus, and the colon.

Growing number of gynecology surgeries is also driving the clip applicator market. As per a study by the Japan Society of Obstetrics and Gynecology, the number of endoscopic surgeries increased from 56, 233 surgeries in 2014 to 80, 678 in 2016 nationwide.

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U.S. clip applicator market size, by application, 2015 - 2026 (USD Million)

Key Takeaways Of The Report :

  • Endoscopic appliers segment registered the highest market share in 2018 owing to availability of single and multi-firing clip device required for proper closure of incisions in Peroral Endoscopic Myotomy (POEM)

  • Laparoscopic appliers segment is anticipated to expand at the fastest CAGR over the forecast period owing to innovations in devices in terms of significant cost savings in laparoscopic procedure

  • North America accounted for a significant clip applicator market share in 2018, attributed to the increase in geriatric population, number of surgeries, high adoption rate of technologically advanced devices, and high awareness regarding the benefits of minimally invasive surgeries

  • Asia Pacific is anticipated to expand at the fastest CAGR over the forecast period supported by improving healthcare infrastructure and growing medical tourism due to affordability

  • Some of the players operating in the market includes B. Braun Melsungen, LUMED, Unimax Medical Systems, Betatech, Geyi Medical, Mediflex, Medscope, CONMED Corporation, Medtronic, J&J Medical Devices, Millennium Surgical Corp, and Teleflex Incorporated

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Global clip applicator market share, by region, 2018 (%)


Grand View Research has segmented the global clip applicator market report on the basis of application and region:

Clip Applicator Application Outlook (Revenue, USD Million, 2015 – 2026)

  • Laparoscopic Appliers

  • Endoscopic Appliers

  • Open Surgery Appliers

  • Vascular Appliers

Clip Applicator Region Outlook (Revenue, USD Million, 2015 – 2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.


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