The 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.
Clamps are medical devices that are used to temporarily hold anatomical structures or surgical instruments in a fixed position. They are commonly used in surgical procedures to securely hold tissues, blood vessels and surgical tools. Different types of clamps available are hemostat clamps, mixter clamps, Kelly clamps and bulldog clamps. Specialty clamps such as bowel clamps and aneurysm clamps are also gaining traction due to increasing application in complex surgical procedures.
Clamp adoption is driven by the rising number of surgical procedures performed globally. As per WHO estimates, over 313 million surgical procedures were performed worldwide in 2020. Growing prevalence of chronic and lifestyle diseases necessitating surgery is expected to propel the number of procedures during the forecast period. Moreover, increasing usage of specialty clamps designed for complex procedures such as bowel surgeries and aneurysm repair is estimated to augment the clamps market growth. These clamps offer better control, visualization and precision required during advanced procedures. However, availability of alternative hemostasis devices and new suturing practices may challenge market growth to a certain extent over the forecast period.
The clamps market is segmented by type, application and end use. Based on type, the market is bifurcated into nerve clamps, staple clamps, and serrefining clamps. Currently, nerve clamps dominate the market with around 35% share as these experience higher demand in delicate surgeries involving nerves.
- Political: Regulations regarding usage of surgical clamps and guidelines for surgical procedures impact the market.
- Economic: Rising healthcare spending in developing nations is a major driver. Economic slowdowns negatively impact the market.
- Social: Growing geriatric population undergoing surgeries drives demand. Clinicians prefer technologically advanced clamps.
- Technological: Adoption of advanced materials for stronger and long-lasting clamps. Miniaturized clamps enable minimal invasive surgeries.
The Global Clamps Market Growth is expected to witness high, exhibiting CAGR of 2.8% over the forecast period, due to increasing number of surgical procedures globally. The market size for 2023 is estimated at US$ 205.17 million.
Regional analysis: North America dominates the market owing to increasing healthcare expenditure and higher number of surgeries performed in the region. Asia Pacific is expected to witness fastest growth due to rising medical tourism, healthcare infrastructure development and growing medical expenditures.
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.