Global Endoscopic Clips Market is Likely to Grow at a CAGR Value of 6.70 % by 2028

Global Endoscopic Clips Market Size is projected to be around US$ 559.57 Million By 2028

The global endoscopic clips market size 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 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.

Endoscopy is a special device used to achieve tissue approximation in gastrointestinal endoscopy. They are mainly used to treat diseases such as gastrointestinal bleeding and bleeding from gastric ulcers. These staples were first developed and introduced to achieve hemostasis in gastrointestinal bleeding, especially gastric ulcer bleeding. Improved medical infrastructure, government initiatives, and various private companies investing heavily in development are some of the key drivers driving the growth of the global endoscopic clip market.

Increased incidence of such gastrointestinal disorders is anticipated to drive market growth. Inflammatory bowel disease, colonic rectum, and gastroesophageal reflux disease lead to increased use of endoscopic clips. However, the complications that result from the use of endoscopic clips, along with the high maintenance costs of the device, can limit market growth during the prediction period. Due to a favorable reimbursement schedule & increased number of treatments to increase sales, a growing preference for hemostatic endoscopic treatment, technological development, and an increase in gastrointestinal cancer are other factors expected to boost the market growth.

The global endoscopic clips market is segregated based on 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, polypectomy, 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.

North America dominated the global endoscopic clip market, followed by Europe and the Asia Pacific. The growing demand for high-quality treatments, the popularity of endoscopy equipment, and technological advances are driving market growth in these regions. In addition, increased medical costs, favorable reimbursement policies, increased prevalence of gastrointestinal disorders, and an aging population are expected to drive markets in these regions during the forecast period. Asia Pacific is an emerging market for endoscopic clips. Population growth increased disposable income, and the expansion of key regional players is expected to drive market growth in the Asia-Pacific region.

Key players in the global endoscopic clips market include Cook Endoscopy, Olympus America, Boston Scientific Corporation, CONMED Corporation, Medtronic, and Ovesco Endoscopy AG.

Recent developments:

• In March 2021, Boston Scientific Corporation acquired a subsidiary of Baring Private Equity Asia (BPEA) and Lumenis Ltd., a privately held company that develops and commercializes energy-based healthcare solutions in advance. Announced that it has signed a formal contract to do so. The payment has been completed for $ 1.07 billion. With this acquisition, the company expected net sales of $ 200 million in 2021.

Browse the full “Endoscopic Clips Market By Application (Endoscopic Marking, Hemostasis, and Others), by End-user (Hospitals, Ambulatory Surgical Centers, Clinics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/endoscopic-clips-market-global-industry-analysis-size-share

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

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