June 18, 2024
Clamps Market

Global Clamps Market to Generate US$ 205.17 Million Revenue by 2023

The global clamps market is estimated to be valued at US$ 205.17 million in 2023 and is expected to exhibit a CAGR of 2.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Clamps are commonly used medical devices that help join, hold, or compress parts of the body together. They are typically used by surgeons during surgical procedures to hold vessels, intestines, and other tissues in place. Clamps provide a strong yet adjustable grip that enables surgeons to control the flow of blood and accurately repair damaged areas. They come in various sizes and styles suitable for different surgical specialties and procedures.

Market key trends:

One of the key trends in the clamps market is the growing adoption of single-use clamps. Single-use clamps help prevent the risk of cross-contamination between patients as they are meant to be used only on a single patient and then disposed. They eliminate the need for cleaning, disinfection, and sterilization required for reusable clamps. Various players are focusing on developing improved single-use clamps made of high-quality materials to provide better grip and withstand pressure. For instance, Aesculap, a B. Braun company, offers Aesculap Single Use Hem-o-lok polymer clip for temporary occlusion or ligation of vessels during surgery. Growing concerns regarding the spread of infections in hospitals and implementation of stringent sterilization norms by regulatory authorities are contributing to the increasing preference for single-use clamps.

Segment Analysis:

The global clamps market is segmented based on product type, material type, application, and end user. Based on product type, the market is divided into artery forceps, needle holders, hemostatic forceps, tissue forceps, dilation and curettage instruments, and others. Among these, the hemostatic forceps segment accounts for the largest market share due to its wide range of applications in surgeries to control bleeding. Hemostatic forceps aid in holding arteries, veins, and other tissues firmly without damaging them which helps surgeons perform surgeries efficiently.

Key Takeaways:

The Global Clamps Market Size is expected to grow at a CAGR of 2.8% over the forecast period. The market growth can be attributed to the increasing number of surgical procedures performed globally due to rising prevalence of chronic diseases and accidents.

In terms of regional analysis, North America dominated the clamps market in 2023 with a share of over 35%, due to well-established healthcare facilities and infrastructure in the region. Asia Pacific is expected to witness the fastest growth during the forecast period, owing to growing medical tourism industry and improving healthcare facilities in developing countries such as India and China.

Key players operating in the clamps market are Stryker Corporation, Aspen Surgical, Timesco Healthcare Ltd., Mercian Surgical Supply Co Ltd, Hilbro Group, Microline Surgical, Global Surgical Instruments, Sklar Surgical Instruments, Integra LifeSciences Corporation, and Medline Industries. Among these, Stryker Corporation holds the leading market position due to its strong portfolio of clamps and hemostats for surgical procedures.

*Note:
1.  Source: Coherent Market Insights, Public sources, Desk research
2.  We have leveraged AI tools to mine information and compile it