Industry Background:
Ligation clip is designed to ligate bleeding vessel. There are various types of ligation clip depending on the material of the clip. If the ligation clip is made using polymer then the ligation clip is called as polymer ligating clips. These clips are mostly used in general surgery, urology, gynecology, thoracic surgery, vascular surgery, cardiovascular surgery, E.N.T., and Others. An increasing number of laparoscopic surgery and open surgery across the globe is considered as one of the major driver for the market. Additionally, increasing demand for polymer ligating clips due to fast & secure ligation and implementation of robotic and minimally invasive surgeries have been supplementing the overall growth of the market. However, the presence of substitute of the product in the market and high complexity associated with polymer ligating surgical clips are the factors that have been limiting the growth of the market. Moreover, increasing geriatric population and increasing investment for innovation can create a big opportunity for the market in the forecasted year.
According to AMA Research, the market for Polymer Ligating Clips is expected to register a CAGR of 8.6% during the forecast period to 2027. This growth is primarily driven by Increasing Number of Laparoscopic Surgery and Open Surgery across the Globe
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Key Companies in Study | Teleflex (United States), Grena (United Kingdom), Medtronic (United States), Hangzhou Kangji Medical Instruments Co., Ltd., Sunstone (Germany), Sinolinks Medical Innovation, Inc. (China), Nanova Biomaterials, Inc (United States), Betatech Medical (Turkey) and H&SURGICAL. Co., Ltd. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Teleflex (United States), Grena (United Kingdom), Medtronic (United States), Hangzhou Kangji Medical Instruments Co., Ltd., Sunstone (Germany), Sinolinks Medical Innovation, Inc. (China), Nanova Biomaterials, Inc (United States), Betatech Medical (Turkey) and H&SURGICAL. Co., Ltd. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In February 2019, Todays Medica India Private Limited had launched polymer ligating clips named as NOVACLIP. The new clip is non-absorbable and offers fast and secure ligation. The new launch is available in almost every size such as medium, large and extra-large with both Open and Laparoscopic appliers. The new launch can create a new opportunity for the company due to its specification and benefits associated with it.Eerier, the global polymer ligating surgical clips market was highly concentrated to very few players including Teleflex, Grena, Medtronic, Hangzhou Kangji Medical Instruments Co., Ltd., Sunstone and few others. Thus the market was showing strategic monopoly in a moderately competitive environment. However, with respect to minimal initial investments in polymer ligating surgical clips manufacturing has favored the number of new entrants to gain market share from the local market. The global leaders business might be affected due to new entrants.
Market Drivers
- Increasing Number of Laparoscopic Surgery and Open Surgery across the Globe
- Increasing Demand for Polymer Ligating Clips due to Fast and Secure Ligation
Market Trend
- Implementation of Robotic and Minimally Invasive Surgeries
Restraints
- Presence of Substitute of the Product in the Market
Opportunities
Increasing Geriatric Population and Increasing R&D Investment by Key Players
Challenges
High Complexity Associated with Polymer Ligating Surgical Clips
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Polymer Ligating Clips Study Sheds Light on
The Polymer Ligating Clips Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Polymer Ligating Clips industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Polymer Ligating Clips industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.