Medical Industry Report - Current Situation and Future Development Trend of Ligation Clip Market in 2022 (Simple Version)

Published Date: 2022-06-14
Ligation clips are implantable disposable medical devices, which are used for ligation of tubular tissues (such as blood vessels, cystic duct, etc.) in surgical operations including minimally invasive surgery. There are three types of ligation clips, namely titanium ligation clips, polymer ligation clips and absorbable ligation clips. The number of clips used for each procedure varied from 2 to 15. Minimally invasive surgery and intelligent instrument operation are the general trend. The proportion of minimally invasive surgery in developed countries has reached 80%-90%, while the proportion of minimally invasive surgery in China's best hospitals is only 70%, and the proportion in second- and third-tier hospitals is even lower. There is still much room for development in domestic minimally invasive surgery. The popularity of minimally invasive surgery will drive the continued growth of the ligation clip market.

General overview of the development of the ligation clip industry
During the 13th Five-Year Plan period (2017-2021), the global ligation clip market size in 2017 was US$891 million. Due to the impact of the epidemic in the past two years, according to the latest research from Hengzhou Bozhi Company, the global ligation clip market size in 2021 will be 1156 million US dollars, the compound annual growth rate during the five-year period from 2017 to 2021 is 6.73%.

During the 14th Five-Year Plan period (2021 to 2025), the global scale is expected to reach US$1,625 million in 2025, with a compound annual growth rate of 8.89% from 2021 to 2025.

From a regional perspective, the Chinese market has changed rapidly in the past few years. In 2021, the market size will be US$150.73 million, accounting for about 16.92% of the global market. It is expected to reach US$640.25 million in 2028, when the global share will reach 31.46% . Among them, Kangji Medical is the leading enterprise of domestic ligation clips, and the revenue of ligation clips in 2021 will reach 26.24 million US dollars. With the support of policies and the improvement of the quality of domestic products, domestic products are gradually seizing the Chinese market by virtue of their advantages in quality, after-sales service, and cost-effectiveness, and constantly realize import substitution.

In terms of product type and technology, ligation clips are mainly divided into two materials: metal materials and polymer materials. As the drawbacks of metal ligation clips become increasingly prominent, they are less used in clinical practice. Polymer material ligature clips account for the largest proportion. In 2021, the market share will reach 99.54%, and the market size will reach 1151 million US dollars.

From the perspective of product market application, the downstream application markets of ligation clips are mainly minimally invasive surgery and open surgery. Among them, minimally invasive surgery accounts for the largest proportion. In 2021, the market size will reach 885 million US dollars, and the market share will reach 75.88%.

At present, major global manufacturers include Teleflex Medical, Grena, Medtronic, Johnson & Johnson and B. Braun, etc. In 2021, the share of top 5 manufacturers will exceed 58%.

The development trend of the ligature clip industry
1. The replacement of open surgery with minimally invasive surgery is increasingly popular. Compared with more invasive traditional open surgery, minimally invasive surgery is less invasive, corresponding to less pain, less scarring, fewer complications, less risk of infection, and shorter hospital stays and recovery times. Because of these advantages, more and more doctors and patients favor minimally invasive surgery.

2. Polymer clips and absorbable clips will gradually replace titanium clips.

3. The adoption rate of domestic products is gradually increasing. As domestic manufacturers increase investment and acquire more R&D and manufacturing expertise, the high quality and cost-effectiveness of domestic ligature clips have gradually been recognized by Chinese doctors and hospitals, and are more able to compete with imported products.

Ligature Clips Industry Key Drivers
1. As the population ages, the incidence of chronic diseases increases, the number of surgeries continues to increase, and downstream demand increases.

2. The development of new technologies makes the feasibility of minimally invasive surgery continue to improve, and minimally invasive surgery replaces open surgery.

3. Economic development and the improvement of the medical reimbursement system have increased the per capita affordability of residents.

4. The support of policies promotes the development of the industry and promotes the substitution of domestic products for imported products.