The global surgical clips market is expected to grow at a CAGR of 5.16% during the forecast period. Some of the prominent vendors in the market include B. Braun Melsungen AG, Boston Scientific Corp., Edwards Lifesciences Corp., Johnson & Johnson Services Inc., Teleflex Inc., and among others. As per the latest market research report published by Technavio, the global surgical clips market will grow at a CAGR of over 5% during 2018-2023 and the market size will increase by USD 1.46 billion during 2019-2023. Get the free sample report below for the detailed information.
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The companies are focusing on business strategies that can help them include surgical clips in their product portfolio or enhance their surgical clips production by acquiring manufacturing plants. For instance, Teleflex which offers Weck ligating clips and Hem-o-lok ligating clips, acquired Atsina Surgical in 2015. The acquisition of Atsina Surgical helped Teleflex to complement its existing ligating clips portfolio by adding products developed by Atsina Surgical.
Also, the presence of global and local vendors such as B. Braun Melsungen, Edwards Lifesciences, Johnson & Johnson, Teleflex, and Novo Surgical will increase the competition among each other, thereby driving the global surgical clips market. The incorporation of advanced technologies by vendors are likely to spur the demand of the surgical clips during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
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