Laparoscopic Clip Appliers Market size is anticipated to reach USD 5 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of laparoscopic clip appliers was over USD 1 Billion. The market is expanding at a rapid rate due to the rise in laparoscopic surgeries. Laparoscopic instruments, such as appliers, are becoming more and more popular for a variety of surgical operations due to advancements in their precision, efficiency, and safety. Additionally, the shorter recovery time and lower risk of problems associated with laparoscopic treatments make them a desirable alternative for these patients, which in turn drives up demand for laparoscopic devices. Also, the growing prevalence of chronic diseases is accelerating the growth of the laparoscopic clip appliers market. According to recent research, on the rising prevalence of NCDs, it is estimated that by 2050, chronic illnesses including cancer, diabetes, cardiovascular disease, and respiratory disorders will be responsible for 86% of the world's 90 million annual fatalities.
Because minimally invasive procedures have the potential to enhance patient outcomes and save healthcare costs, regulatory bodies frequently support their implementation. Encouraging rules and regulations make it easier for laparoscopic tools to be developed, approved, and used, which boosts the laparoscopic clip appliers market.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~ 8% |
Base Year Market Size (2023) |
~ USD 1 Billion |
Forecast Year Market Size (2036) |
~ USD 5 Billion |
Regional Scope |
|
Type (Disposable Clip Appliers, Reusable Clip Appliers)
Disposable clip appliers segment in the laparoscopic clip appliers market is anticipated to hold the largest share of 56% by the end of 2036. Disposable clip appliers offer a more hygienic solution by eliminating the risk of cross-contamination associated with reusable instruments. As infection control becomes a growing concern, especially with the rise of antibiotic-resistant bacteria, the demand for these clip appliers is growing. For instance, antibiotic-resistant bacterial infections were directly responsible for 1.27 million predicted fatalities in 2019. Also, these type of clip appliers eliminates the need for reprocessing and sterilization between uses, saving time and resources for healthcare facilities. Moreover, healthcare providers are increasingly recognizing the risk of healthcare-associated infections. As a result, there is a growing demand for disposable clip appliers. Also, the healthcare expenditures worldwide fuel the demand of the segment.
Application (Hospitals, Clinics, Ambulatory Surgical Centers)
Laparoscopic clip appliers market in hospitals segment is anticipated to grow significantly with a share of 45% during the forecast period. Hospitals are witnessing a rise in the number of laparoscopic procedures being performed, driven by factors such as an aging population, increasing prevalence of chronic diseases, and advancements in minimally invasive surgical techniques. Also, many countries are investing in the expansion and modernization of healthcare infrastructure, including the construction of new hospitals and the renovation of existing facilities. Furthermore, hospitals increasingly adopting minimally invasive surgical techniques, including laparoscopy, due to their numerous benefits such as shorter recovery times, reduced hospital stays, and improved patient outcomes. Therefore, these factors are propelling the growth of the segment.
Our in-depth analysis of the global laparoscopic clip appliers market includes the following segments:
Type |
|
Application |
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North American Market Forecast
North American laparoscopic clip appliers market is expected to hold a share of 38% during the forecast period. North America is a hub for medical device innovation, with many leading manufacturers headquartered in the region. Also, the region has one of the highest healthcare expenditures globally with significant investments in healthcare infrastructure, technology, and services. As per a report, in the US the total amount spent on national health care in 2022 was USD 13.4 thousand per person. Furthermore, the aging population in North America leads to an increased demand for surgical procedures, including those performed using laparoscopic techniques.
APAC Market Statistics
Laparoscopic clip appliers market in Asia Pacific is poised to hold a share of 25% during the forecast period. The growing number of people with insurance and the advancement of medical facilities are expected to drive demand in the region. The demand for minimally invasive applications has increased due to government measures to lower healthcare costs, an aging population, and growing physician awareness of cutting-edge surgical technologies and tools. For instance, Ayushman Bharat – Health and Wellness Centres (AB-HWCs) offer free services. According to the Socio-Economic Caste Census (SECC) database, Sl. No. AB-PMJAY offers health coverage of up to Rs 5.00 lakh per household annually to 10.74 crore impoverished and underprivileged families. These factors have also contributed to the overall laparoscopic clip appliers market expansion.
Author Credits: Radhika Pawar
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