Surgical Clamps Market Expected to Reach $260.85 Million by 2030

According to a new report published by Allied Market Research, titled, “Surgical Clamps Market by Type, Application Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,"the global surgical clamps market was valued at $194.15 million in 2020, and is estimated to reach $260.85 million by 2030, growing at a CAGR of 2.9% from 2021 to 2030.

Surgical clamps are an integral part of medical devices in surgeries. These are one of the significant instruments in inpatient surgical procedures. Surgical clamps are used for gripping, holding, joining, supporting or compressing an organ, vessel or tissues. In surgery clamps are majorly used for clamping tissue and hemostatis. There are different types of clamps such as aortic vascular clamp, bulldog clamps, Kelly clamps and others.

Factors that drive growth of the global surgical clamps market include increase in number of cardiac surgeries significantly drives the growth of surgical clamps market. In addition, rise in number of thoracic surgeries propels growth of the market. According to the World Health Organization, Globocan data in 2020, there were approximately 586,202 cases individuals in the world reported to be diagnosed with thyroid cancer. In addition, as per iData Research, approximately 13 million laparoscopic surgeries were performed globally every year.  Further, the FDA aims to enhance availability of appropriate, reliable, and accurate surgical clamps to meet public health needs and increase access to treatments for consumers.

Moreover, rise in development of pharmaceutical and medical device industries and improvement in healthcare spending are anticipated to drive growth of the surgical clamps market. In addition, increase in demand for performing surgeries led to development of innovative instruments in the healthcare sector, thereby propelling growth of the market.

Moreover, initiatives taken by governments for development of surgical devices and development of the healthcare sector for manufacturing of surgical clamps instrument are the key factors that boost growth of the market. Furthermore, surge in geriatric population, who are more vulnerable to chronic and cardiovascular disease led to increase in number of surgeries propel the growth of the market.

Surgery is known as the best cure for various serious types of diseases. The prevalence of cardiovascular diseases in China has been increasing continuously. As per the report published in the Journal of Geriatric Cardiology by Li-Yuan Ma, approximately 290 million patients of cardiovascular disorders in China and approximately 2 in 5 deaths happened in China due to CVD. Therefore, the rising number of cardiovascular diseases results in increasing number of surgeries. This has led to increase in usage of surgical clamps that boost the growth of the market. Ageing population is at high risk of having cardiovascular diseases, which leads to increasing demand for surgical interventions. Thus, increasing geriatric population is also expected to drive the substantial growth of the market during forecast period.

The global surgical clamps market is segmented on the basis of type, usage, material, end user, and region. On the basis of type, the market is divided into hemostat clamps, aortic vascular clamps, bulldog forceps, needle holder, and others.  The hemostat clamps segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in number of cardiac surgeries, advancements in R&D activities in pharmaceutical & medical device industries, and surge in adoption of surgical clamps instruments.

By usage, the market is classified into disposable and reusable. The disposable segment acquired top position in the market in 2020, and this trend is expected to continue during the forecast period, owing to large number of surgical forceps offered by key players and increase in use during surgical procedure. By material, the market is fragmented into stainless steel, titanium, and others.  As per end user, the market is classified into hospitals, ambulatory surgical centers, and others. The hospitals segment led the market in 2020, and this trend is expected to continue during the forecast period, owing to advancements in the healthcare sector. 

North America accounted for a majority of the global surgical clamps market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of thyroid nodule, increase in number of approvals for thyroid ablation devices, presence of key players, and development in technology for healthcare in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in laparoscopic surgeries, rise in number of geriatric populations, growth in health care expenditures, and rise in adoption of surgical clamps product.

Key Findings of The Study

• By type, the hemostat clamps segment was the highest contributor to the market in 2020.
• On the basis of usage type, the disposable segment dominated the market in 2020, and is expected to continue this trend during the forecast period.
• On the basis of material type, the stainless steel segment dominated the market in 2020, and is expected to continue this trend during the forecast period
• Depending on end user, the hospitals segment was the highest contributor to the market in 2020.
• Region wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

North America accounted for a majority of the surgical clamps market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of laparoscopic surgeries, presence of key players, development of the healthcare sector, presence of numerous surgical instruments, and advancement in surgical instruments in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in prevalence of various types of disorders such as thyroid cancer, improvement in healthcare infrastructure.