Global Endoscopic Clips Market Size study & Forecast, by Application (Hemostasis, Endoscopic Marking, Other Applications), by End User (Hospitals, Ambulatory Surgical Centers, Other End Users) and Regional Analysis, 2023-2030

Global Endoscopic Clips Market Size study & Forecast, by Application (Hemostasis, Endoscopic Marking, Other Applications), by End User (Hospitals, Ambulatory Surgical Centers, Other End Users) and Regional Analysis, 2023-2030

Global Endoscopic Clips Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7% during the forecast period 2023-2030. Endoscopic clips are small devices used in endoscopy procedures to close or secure tissue, vessels, or other structures. These clips are typically made of biocompatible materials such as titanium or absorbable polymers. Endoscopic clipping is a minimally invasive technique that allows physicians to close or seal off areas within the body without the need for traditional open surgery. The Endoscopic Clips Market is expanding because of factors such as the rising geriatric population and surge in demand for minimally invasive surgeries. As a result, the demand for Endoscopic Clips has progressively increased in the international market during the forecast period 2023-2030.

Aging is often associated with an increased risk of gastrointestinal bleeding, which can be due to factors such as peptic ulcers or vascular abnormalities. Endoscopic clips play a crucial role in achieving hemostasis and preventing or managing bleeding frequently. According to the World Health Organization indicates that the global population aged 60 and above is expected to double to around 2.1 billion by 2050. Moreover, those aged 80 and beyond are anticipated to triple between 2020 and 2050, reaching a staggering 426 million. Another important factor that drives the Endoscopic Clips Market is the increasing demand for minimally invasive surgeries. Minimally invasive procedures are associated with smaller incisions, reduced trauma to surrounding tissues, and quicker recovery times compared to open surgeries. The demand for endoscopic clips increases as they are integral to achieving effective closure and tissue approximation in these less invasive settings. In addition, as per Statista, in 2021 the global minimally invasive surgical system market accounts for USD 28.6 billion and is projected to reach up to USD 55.6 billion by 2030. Moreover, rapid advancements in endoscopic submucosal dissection procedures and rising government healthcare expenditure are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with endoscopic devices and lack of operational expertise is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Endoscopic Clips Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increase in health-care spending, and favorable healthcare policies in the region. Increased healthcare spending can support research and development in the medical field, leading to the development of more advanced and specialized endoscopic clips. This can result in the introduction of innovative products that offer improved performance, safety, and efficacy, further driving demand. The region’s dominant performance is anticipated to propel the overall demand for Endoscopic Clips. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as an increase in geriatric population and a surge in the incidence of gastrointestinal disorders in the region.

Major market player included in this report are:

Apollo Endosurgery Inc
Cook Medical Incorporated
Olympus Corporation of the Americas
Boston Scientific Corporation
Conmed Corporation
Medtronic plc
Johnson & Johnson Services, Inc
Steris plc
B. Braun SE
Abbott Laboratories

Recent Developments in the Market:
 In January 2022, Cook Medical launched the Instinct Plus Endoscopic Clipping Device for physicians across the United States. This newly introduced clipping device, derived from the original Instinct Endoscopic Clip design, boasts enhanced features, including smoother operation and responsive handling. With robust clip retention capabilities, the device extends its applications beyond hemostasis and endoscopic marking. It now offers compatibility with a side-viewing scope (duodenoscope) and is suitable for various purposes, including defect closure, anchoring procedures, and prophylactic clipping within the Gastrointestinal (GI) tract.

Global Endoscopic Clips Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Application, End User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Application
Hemostasis
Endoscopic Marking
Other Applications

By End User
Hospitals
Ambulatory Surgical Centers
Other End Users

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned

Apollo Endosurgery Inc
Cook Medical Incorporated
Olympus Corporation of the Americas
Boston Scientific Corporation
Conmed Corporation
Medtronic plc
Johnson & Johnson Services, Inc
Steris plc
B. Braun SE
Abbott Laboratories

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