Endoscopic Clips Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Endoscopic Clips Market is segmented by Application (Hemostasis, Endoscopic Marking, and Others), End-user and Geography

Endoscopic Clips Market Snapshot

Endoscopic Clips Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >7.0 %

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Market Overview

The Endoscopic Clips Market studied was anticipated to grow with a CAGR of nearly 7.0%, during the forecast period. The major factors attributing to the growth of the endoscopic clips market are rise in the global prevalence of gastrointestinal (GI) bleeding disorders such as colorectal and pancreatic cancers, inflammatory bowel disease, and gastroesophageal reflux disease (GERD), cardiac vessel bleedings, and gastrointestinal hemorrhages with the increasing geriatric population. For instance, according to the International Foundation for Gastrointestinal Disorders Report published in 2019, GERD affects about one-third of the total population leading to bleeding problems driving the growth of the global market.

Scope of the Report

Endoscopic clips are specialized instruments used in endoscopy and gastrointestinal surgical procedures to achieve tissue estimation. These were first designed and introduced for the sole purpose of accomplishing hemostasis of gastrointestinal bleeding, especially peptic ulcer bleeding.

Application
Hemostasis
Endoscopic Marking
Others
End-User
Hospitals
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

The Endoscopic Marking are Expected to Hold the Largest Market Share in the Endoscopic Clips Market

  • The endoscopic marking segment is expected to dominate the market throughout the forecast period at a high CAGR during the forecast period owing to their wide usage in various surgical interventions to treat bleeding arteries, ulcers, polypectomy, and others. Furthermore, the use of endoscopic clips throughout the GI tract in the cessation of perforations for endoscopic marking, post-operative anastomotic leakage, fluoroscopic-guided therapy, endoscopic repeat examination, etc, is expected to increase their demand in the recent years due to rise in the volume of target patients. Also, the increased adoption of endoscopic clips as opaque markers in precise marking in minimally invasive surgical (MIS) procedures due to rise in patient preference, along with rise in technological advancements offering various advantages in endoscopy such as enhanced rotatability, mucosal adherence resulting in reliable deployment will fuel the growth of the segment and driving the global endoscopic clips market revenue over the forecast period.
  • By end-user, hospitals account for the highest market share which can be attributed to factors such as rise in preference for minimally invasive surgical procedures as minimizing the hospital stay, reduction in cost burden, and enhanced patient recovery process. Also, a rise in the volume of hospitals and collaborations of hospitals with research institutes to develop advanced surgical procedures are expected to drive the demand for the segment and propel the global endoscopic clips over the forecast period.
Endoscopic Clips Market

North America Dominates the Market and Expected to do Same in the Forecast Period.

North America is expected to dominate the overall endoscopic clips market throughout the forecast period. The dominance is due to the rise in arterial bleeding among cardiac patients and GI-related surgeries in the United States which holds the largest market share due to the presence of a huge patient population. For instance, according to the World Gastroenterology Organization report published in the year 2018, the prevalence of GERD ranges from 18% to 28% in North America which is likely to fuel the market. Also, several factors such as well-established direct reimbursement policies and the availability of advanced healthcare infrastructure may favor the market in this region contributing for its outstanding market share during the forecast period.

Endoscopic Clips Market

Competitive Landscape

The endoscopic clips market is moderately competitive and consists of several major players. Few of the major players currently dominating the market are making acquisitions with the other companies to consolidate their market positions across the globe and while others are launching new products with advanced technologies to facilitate fast and accurate placement. For instance, STERIS Corporation, a leading provider of endoscopic devices, acquired Aponos medical in April 2017, with this acquisition, Steris added the Padlock Clip system to its existing product portfolio of endoscopic devices. The system facilitates fast and effective full circumferential tissue closure while still maintaining blood flow to promote healing which is expected to have a positive impact on the overall market growth. Some of the companies which are currently dominating the market are B. Braun Melsungen AG,  Boston Scientific Corporation, CONMED Corporation, Johnson & Johnson, and STERIS plc.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Geriatric Popuation and Rise in Prevalence of Bleeding Disorders

      2. 4.2.2 New Product Launches with Advanced Technologies and prefernce for Minimal Invasive Procedures

    3. 4.3 Market Restraints

      1. 4.3.1 Highly Expensive GI Endoscopic Procedures and Troublesome Repayment Approaches

      2. 4.3.2 Stringent Regulatory Reforms, Patient Safety Concerns due to Severe Risks Associated with the Endoscopic Clips

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Hemostasis

      2. 5.1.2 Endoscopic Marking

      3. 5.1.3 Others

    2. 5.2 End-User

      1. 5.2.1 Hospitals

      2. 5.2.2 Ambulatory Surgical Centers

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Apollo Endosurgery Inc

      2. 6.1.2 B Braun Melsungen AG

      3. 6.1.3 Boston Scientific Corporation

      4. 6.1.4 CONMED Corporation

      5. 6.1.5 Cook Group

      6. 6.1.6 Johnson & Johnson

      7. 6.1.7 STERIS plc

      8. 6.1.8 Olympus Corporation

      9. 6.1.9 St. Jude Medical Inc

      10. 6.1.10 Medtronic plc

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Endoscopic Clips Market market is studied from 2018 - 2026.

The Endoscopic Clips Market is growing at a CAGR of >7.0% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

B. Braun Melsungen AG, Boston Scientific Corporation, CONMED Corporation, Johnson & Johnson, STERIS plc are the major companies operating in Endoscopic Clips Market.

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