The Chinese government has increased its support for the medical device industry, which is one of the important development goals mentioned in the "Made in China 2025" strategy. Policy incentives and capital investment will accelerate industrial technological innovation and product upgrading, thereby promoting market expansion. With the deepening of global economic integration, the demand for disposable organizational closure clip products in the Chinese international market has increased, which not only brings opportunities for local enterprises but also promotes technological exchange and cooperation. The competition between multinational corporations and local enterprises has jointly driven industry growth.
China is entering an aging society, and the increasing demand for medical services among the elderly will directly drive the demand for disposable tissue closure clips and other medical devices. According to data from the National Bureau of Statistics, it is expected that the population aged 65 and above will reach nearly 300 million by 2030, providing a vast market for this industry.
It is speculated that the compound annual growth rate of China's disposable tissue closure clip industry will be significantly higher than the average level of the entire medical device industry. Specifically, according to Deloitte's report, the disposable tissue closure clip industry in China is expected to maintain a growth rate of 12% to 18% in the coming years (i.e. from 2025 to 2030).
According to data released by the International Medical Device Industry Association, the global disposable tissue closure clip market has grown from approximately $3.6 billion in 2016 to approximately $5.87 billion in 2020, with a compound annual growth rate of 9%. As one of the world's largest medical markets, China's demand in this field is also showing a significant upward trend. In terms of technological innovation, it is mainly reflected in new materials, design optimization, intelligent applications, and other aspects.
Biocompatibility and degradability have also become key trends in the technological development of ligation clip products. With the popularization of minimally invasive surgery, doctors and patients have increasingly high requirements for the biocompatibility of surgical instruments. Some companies have started using biodegradable materials such as polylactic acid (PLA) and polycaprolactone (PCL) to manufacture ligature clips to reduce the potential risks of long-term implantation in the human body. For example, a biodegradable ligature developed by a US company has shown in clinical trials that its biocompatibility is superior to traditional materials.
Miniaturization and precision are also trends in the development of sterilization clip product technology. With the advancement of endoscopic surgical techniques, doctors require more complex surgical tools. Therefore, the design of ligation clips tends to be miniaturized for surgery in narrow surgical spaces. In addition, the closure accuracy of the ligation clip continues to improve to reduce damage to surrounding tissues. For example, a Japanese company has launched a miniature ligation clip with a closure accuracy of up to micrometers, suitable for complex surgical scenarios. These technological advancements not only improve the success rate of surgeries, but also promote postoperative recovery for patients.
In the field of general surgery, the market size of ligation clips used for laparoscopic vascular tissue closure continues to grow. In 2019, the market size of this field was about 1.5 billion US dollars, and it is expected to reach 2 billion US dollars by 2024, with a compound annual growth rate of about 4%. In the field of obstetrics and gynecology, the market size of disinfectant clips is also steadily growing. In 2019, the market size of this field was about 800 million US dollars, and it is expected to reach 1.2 billion US dollars by 2024, with a compound annual growth rate of about 6%.
With the aging of the global population and the increase in chronic disease patients, the demand for minimally invasive surgery will continue to grow, thereby driving the expansion of the disinfection clip market. Taking cardiovascular disease as an example, according to data from the World Health Organization (WHO), there are over 200 million cardiovascular disease patients worldwide, providing vast development space for the sterilization clip market. In addition, with the continuous advancement of medical technology, the application fields of ligation clips are also expanding, such as neurosurgery, orthopedics, etc.
According to market research institutions' predictions, the future prospects of the tissue closure ligation clip market are broad. It is expected that by 2024, the global market size will reach $12 billion, with a compound annual growth rate (CAGR) of approximately 8%. This growth is attributed to the popularization of minimally invasive surgical techniques and the increase in global healthcare expenditures. For example, a market research report in the United States predicts that the number of laparoscopic surgeries will increase to 20 million by 2024, which will directly drive the growth of the disinfectant clip market.