Endoscopic Closure System Market Report: Trends, Forecast and Competitive Analysis to 2030

Endoscopic Closure System Market Report: Trends, Forecast and Competitive Analysis to 2030

Endoscopic Closure System Trends and Forecast

The future of the global endoscopic closure system market looks promising with opportunities in the hospital and ambulatory surgical center markets. The global endoscopic closure system market is expected to reach an estimated $559.4 million by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are increasing prevalence of gastrointestinal (GI) disorders, greater requirement for endoscopy in order to diagnose and treat specific disorders, growing demand for minimally invasive procedures, and advancements in endoscopic technology.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Endoscopic Closure System by Segment

The study includes a forecast for the global endoscopic closure system by product type, end use, and region.

Endoscopic Closure System Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Endoscopic Clips/Endoclips (Over-The-Scope Clips)
• Overstitch Endoscopic Suturing System
• Cardiac Septal Defect Occluders
• Endoscopic Vacuum-Assisted Closure System
• Others

Endoscopic Closure System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Ambulatory Surgical Centers

Endoscopic Closure System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Endoscopic Closure System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies endoscopic closure system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the endoscopic closure system companies profiled in this report include-

• CooperSurgical
• US Endoscopy
• Life Partners
• Ovesco Endoscopy
• Apollo Endosurgery

Endoscopic Closure System Market Insights

Lucintel forecasts that endoscopic vacuum-assisted closure systems will remain the largest segment over the forecast period because of their capacity to efficiently oversee and handle a range of gastrointestinal (GI) disorders and issues.

North America will remain the largest region over the forecast period due to increasing rates of cancer and GI tract illnesses, the existence of numerous endoscopic clip manufacturers in the area, and investments in technologically advanced research and treatment platforms in the region.

Features of the Global Endoscopic Closure System Market

Market Size Estimates: Endoscopic closure system market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Endoscopic closure system market size by product type, end use, and region in terms of value ($M).

Regional Analysis: Endoscopic closure system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, end use, and regions for the endoscopic closure system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the endoscopic closure system market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the endoscopic closure system market size?

Answer: The global endoscopic closure system market is expected to reach an estimated $559.4 million by 2030.

Q2. What is the growth forecast for endoscopic closure system market?

Answer: The global endoscopic closure system market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the endoscopic closure system market?

Answer: The major drivers for this market are increasing prevalence of gastrointestinal (GI) disorders, greater requirement for endoscopy in order to diagnose and treat specific disorders, growing demand for minimally invasive procedures, and advancements in endoscopic technology.

Q4. What are the major segments for endoscopic closure system market?

Answer: The future of the global endoscopic closure system market looks promising with opportunities in the hospital and ambulatory surgical center markets.

Q5. Who are the key endoscopic closure system market companies?

Answer: Some of the key endoscopic closure system companies are as follows:

• CooperSurgical
• US Endoscopy
• Life Partners
• Ovesco Endoscopy
• Apollo Endosurgery

Q6. Which endoscopic closure system market segment will be the largest in future?

Answer: Lucintel forecasts that endoscopic vacuum-assisted closure systems will remain the largest segment over the forecast period because of their capacity to efficiently oversee and handle a range of gastrointestinal (GI) disorders and issues.

Q7. In endoscopic closure system market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increasing rates of cancer and GI tract illnesses, the existence of numerous endoscopic clip manufacturers in the area, and investments in technologically advanced research and treatment platforms in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the endoscopic closure system market by product type (endoscopic clips/endoclips (over-the-scope clips), overstitch endoscopic suturing system, cardiac septal defect occluders, endoscopic vacuum-assisted closure system, and others), end use (hospitals and ambulatory surgical centers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?