According to FutureWise analysis the market for Clamps in 2023 is US$ 211.36 million, and is expected to reach US$ 268.16 million by 2031 at a CAGR of 3.00%.
The medical device industry produces surgical and medical instruments, which have been the most compelling and significant areas of the healthcare industry. A clamp is a surgical device used to compress a body part or structure. Clamps are instruments with serrated jaws and locking handles that are used to grip, hold, join, or support an organ, tissue, or vessel. The main function of a clam in surgery is hemostasis and tissue clamping. In a recent market study, surgical and medical instruments were revealed to be the second largest sub-group in the medical device industry. Medical devices have steadily increased in value over the past few years and remain a highly competitive industry. Over the past decade, the medical equipment industry has grown, become affordable, and has overcome accessibility barriers, leading to the expansion of the global clamps market. Clamps are widely used in cardiovascular surgery, suturing, otolaryngology, thoracic surgery, and internal and rectal surgery. With the rise in health insurance coverage and technological advancements in medical equipment, the number of surgical procedures performed in hospitals, medical and service providers has increased. Medical device manufacturers have increased their demand for clamps because of high healthcare expenditures, aging populations, and an increase in the number of people with chronic diseases due to an increase in the need for advanced medical devices and therapies.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Clamps Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Clamps Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.