Endoscopic Clips Market Size, Share, Growth Report 2032

Endoscopic Clips Market: Industry Prospective

The global endoscopic clips market size was worth USD 379.20 Million in 2021 and is estimated to grow to USD 559.57 Million by 2028, with a compound annual growth rate (CAGR) of approximately 6.70 percent over the forecast period. The report analyzes the endoscopic clips market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the endoscopic clips market.

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Endoscopic Clips Market: Overview

An endoscope clip is a device that specializes in nature. These clips are intended to take over the tissue estimation in gastrointestinal endoscopy. These clamps were initially issued solely to perform the task of hemostasis in gastrointestinal bleeding, especially in the case of bleeding from gastric ulcer disease. Such important applications could impact the global endoscope clip market in the coming years. However, the use of endoscopic clips has recently expanded beyond gastrointestinal bleeding.

Currently, many new application areas for clips are expected to drive global market growth during the evaluation period. It can now be used to complete punctures, arterial bleeding less than 2 mm, Dieulafoy's injury, polyps less than 1.5 cm wide, and varicose veins of the gastrointestinal tract. Increased worldwide prevalence of gastrointestinal (GI) hemorrhagic diseases such as colon & pancreatic cancer, inflammatory bowel disease & gastroesophageal reflux disease (GERD), and cardiovascular & gastrointestinal bleeding is likely to drive the market expansion.

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Covid-19 Impact

Worldwide healthcare systems are facing a surge in COVID-19 patients, killing more than 500,000 people worldwide. COVID-19 has influenced multiple disciplines and procedural disciplines, including gastroenterology. The Gastrointestinal (GI) Endoscopy Center is a specialized unit that performs thousands of endoscopies each year. Most of these steps are affected by the blockades of nations and regions around the world. To adapt to this rapidly evolving situation, the endoscopy center has undergone major changes and has taken unprecedented precautions to prevent viral infections.

Key Insights:

• The global endoscopic clips market was worth around USD 379.20 Million in 2021 and is estimated to grow to about USD 559.57 Million by 2028, with a compound annual growth rate (CAGR) of approximately 6.70 percent over the forecast period.
• The global epidemic of gastrointestinal (GI) hemorrhagic diseases such as colon & pancreatic cancer, inflammatory bowel disease, gastroesophageal reflux disease (GERD), cardiovascular bleeding, and gastrointestinal bleeding is expected to drive market growth.
• Side effects of using endoscopic clips such as severe abdominal pain and severe rectal bleeding may impede the market growth.
• Hospitals have the highest market share due to the growing preference for minimally invasive surgery.
• Increased arterial bleeding and gastrointestinal surgery in heart disease patients in the United States will drive North American market growth during the forecast period.

Endoscopic Clips Market: Growth Drivers

The rising adoption of minimally invasive therapies is expected to drive the global market growth

Endoscopic surgery has made great strides as endoscopic imaging has become a major technique for detecting and treating chronic and acute diseases due to its unique ability to target difficult-to-reach areas. Minimally invasive surgery has evolved into highly accurate, delicate, and less invasive surgery. It also contributes to the global endoscopic clips market growth with benefits such as shorter hospital stays, reduced costs, improved patient experience, and faster recovery. According to Olympus Medical, more than 22.5 million outpatients in the United States undergo upper gastrointestinal endoscopy each year, with approximately 527,000 clips placed during these surgeries. This is expected to drive market growth, coupled with the benefits provided by advanced clipping features such as improved vision, better lesion access, and lower procedural costs.

Endoscopic Clips Market: Restraints

Side effects due to the usage of endoscopic clips are likely to hamper the market growth

According to the American Journal of Roentgenology, side effects from using endoscopic clips such as severe abdominal pain, heavy rectal bleeding, fever, chills, sweating, and safety issues are the biggest concerns at most centers. Up to 36% can be continued if certain conditions are met. For example, 16% scheduled MRI more than 6 weeks after endoscopy, but there is evidence that some endoscopic clips, such as resolution clip models, can stay in the human intestine for up to 33 weeks. Similarly, 18% of centers perform MRI with magnetic field strengths limited to 1.5 T. Still, studies show that even these weak magnetic fields interact with some endoscopic clip models, and in some cases, they can be separated from the intestinal wall. Several different safety measures have been reported for patients undergoing MRI with endoscopic clips, but they are ultimately used only in a small part of the center, which may act as a limiting factor for market growth.

Endoscopic Clips Market: Segmentation

The global endoscopic clips market is segregated on the basis of application, end-user, and region.

By application, the market is divided into endoscopic marking, hemostasis, and others. Among these, the endoscopic marking segment dominates the market due to its wide usage in various surgical interventions to treat bleeding arteries, ulcers, polypectomies, and others. 

By end-use, the market is classified into hospitals, ambulatory surgical centers, clinics, and others. The hospital segment dominates the market owing to increasing volume through collaboration with hospitals and research institutes to develop advanced surgical procedures. This is expected to drive demand in this segment and global endoscopic clips during the forecast period.

Recent Developments

• STERIS Corporation, a leading provider of endoscopic devices, acquired Aponos Medical in April 2017. Steris has added the Padlock Clip System to its existing endoscopic device product portfolio with this acquisition.
• According to the Centers for Disease Control and Prevention, as of 2020, there will be about 75 million endoscopies each year in the United States, of which about 68% will be GI endoscopy.

Endoscopic Clips Market Report Scope:

Endoscopic Clips Market: Regional Landscape

Increasing arterial bleeding among cardiac patients to drive the North American market

North America is expected to dominate the global endoscope clip market throughout the forecast period. The predominance is due to increased arterial bleeding in patients with heart disease and gastrointestinal surgery in the United States, which holds the largest market share due to many patients. For example, according to a 2018 World Gastroenterology Organization report, the prevalence of GERD in North America ranges from 18% to 28%, which could drive the market. In addition, several factors, such as established direct reimbursement policies and the availability of advanced medical infrastructure, may favor regional markets and contribute to outstanding market share during the forecast period.

Endoscopic Clips Market: Competitive Landscape

Some of the main competitors dominating the global endoscopic clips market include 

• Cook Endoscopy
• Olympus America
• Boston Scientific Corporation
• CONMED Corporation
• Medtronic
• Ovesco Endoscopy AG.

The global endoscopic clips market is segmented as follows:

By Application

• Endoscopic Marking
• Hemostasis
• Others

By End-user

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa