Endoscopic Clips

Endoscopic Clips

Global Endoscopic Clips Market to Reach US$517.7 Million by 2030

The global market for Endoscopic Clips estimated at US$393.9 Million in the year 2023, is expected to reach US$517.7 Million by 2030, growing at a CAGR of 4.0% over the analysis period 2023-2030. Hemostatis Application, one of the segments analyzed in the report, is expected to record a 3.5% CAGR and reach US$237.4 Million by the end of the analysis period. Growth in the Endoscopic Marking Application segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$107.3 Million While China is Forecast to Grow at 7.4% CAGR

The Endoscopic Clips market in the U.S. is estimated at US$107.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$108.9 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.4% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.

Global Endoscopic Clips Market - Key Trends and Drivers Summarized

Endoscopic clips are specialized medical devices used during endoscopic procedures for the purpose of hemostasis, closure of perforations, and marking lesions. These clips are deployed through an endoscope to control bleeding from vessels in the gastrointestinal tract, seal off sections of the GI tract that are perforated, and assist in the identification of treatment sites during subsequent surgical procedures. Made from biocompatible materials such as stainless steel or titanium, and more recently, absorbable polymers, these clips are designed to provide a temporary or permanent solution depending on the clinical requirements. The design of these clips allows them to be precisely placed and securely attached to the tissue, which is critical in emergency situations where rapid cessation of bleeding is necessary. Over the years, endoscopic clipping has become a fundamental technique in gastroenterology due to its effectiveness and safety, reducing the need for more invasive surgical interventions.

Advancements in endoscopic clip technology have significantly expanded their applications and improved their functionality. Modern endoscopic clips are now more versatile and user-friendly, with features such as rotatable clip applicators that allow for precise positioning, and clips with increased opening widths and stronger closure forces to handle a variety of medical scenarios effectively. The evolution of clip designs to improve retention and reduce migration has enhanced the success rates of endoscopic treatments. These innovations have been driven by a combination of technological advancements and increasing clinical demand for minimally invasive treatments that reduce hospital stays and recovery times. Furthermore, the integration of imaging technologies with endoscopic systems has allowed for better visualization and accuracy during clip placement, enhancing the overall safety and efficacy of the procedures.

The growth in the endoscopic clips market is driven by several factors, including the rising prevalence of gastrointestinal diseases such as colorectal cancer, diverticulitis, and gastrointestinal bleeding, which require effective and immediate treatment modalities. Technological advancements in clip design and endoscopic techniques have also significantly contributed to the expansion of this market. As healthcare providers continue to prioritize minimally invasive procedures, the demand for devices that facilitate these treatments grows. Consumer behavior reflects a preference for treatments that offer quicker recovery and less postoperative pain, which supports the adoption of endoscopic clipping over traditional surgical methods. Additionally, the global expansion of healthcare infrastructure and the availability of advanced medical training have increased the accessibility of endoscopic procedures, thereby driving the demand for endoscopic clips. Regulatory support for the development and rapid approval of innovative medical devices further fuels market growth, ensuring that new and improved endoscopic clip solutions are brought to the market to meet the evolving needs of the healthcare industry.

Select Competitors (Total 74 Featured) -

• Apollo Endosurgery, Inc.
• B. Braun SE
• Boston Scientific Corporation
• CONMED Corporation
• Cook Group Incorporated
• Freudenberg Medical (Hemoteq)
• Jiangsu Vedkang Medical Science and Technology Co., Ltd.
• Jiangxi ZhuoRuiHua Medical Instrument Co., Ltd.
• Johnson & Johnson MedTech
• Medtronic
• MICRO-TECH (Nanjing) Co., Ltd
• Olympus Corporation of the Americas
• Ovesco Endoscopy AG
• STERIS Corporation
• Zhejiang Soudon Medical Technology Co., Ltd;

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