The scope of endoscopic treatment has witnessed an upsurge in recent years, attributed to rising cases of various internal diseases. Endoscopic clips are widely used in closing perforations, lesions and bleeding arteries. This extensive utilization has prompted several companies to invest heavily in designing diverse endoscopic clips, endowed with state-of-the-art modern technology, such as computer-aided surgical sedation.
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Based on these trends, the global endoscopic clips market is set to witness an upswing during the forecast period (2020-2026). Projections indicate an impressive CAGR of 7.3%, pegged to reach a value pool of US$ 617.0 Mn. Other generic factors such as an increased geriatric population pool and rising cases of disease requiring endoscopic treatment are also expected to drive the growth of the endoscopic clips market.
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Global endoscopic clips market segmentation
Fact.MR has studied the global endoscopic clips market with detailed segmentation on the basis of application, end-users and key regions.
|
Application |
End-users |
Key Regions |
|
Endoscopic marking |
Hospitals |
North America |
|
Hemostasis: Mucosal/Sub-mucosal defects Bleeding ulcers Bleeding arteries Polypectomy sites |
Ambulatory surgical centers |
Europe |
|
Others |
Clinics |
Asia Pacific (APAC) |
|
|
Others |
Latin America |
|
|
|
Middle East & Africa (MEA) |
is anticipated to remain on a positive growth trajectory in the future. Ongoing research and development in advanced endoscopy procedures and product launches are anticipated to provide a boost to the market,” concludes a Fact.MR analyst.
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Broad Market Presence and Cross Selling Opportunities to Boost Market Growth
Highly consolidated, the global endoscopic clips market is dominated by three players: Boston Scientific Corporation, Cook Medical and Olympus Corporation. These companies concentrate on broad market presence, cross-selling opportunities, and new product launches.
Boston Scientific Corporation’s radiopaque Resolution Clip is designed for hemostasis, endoscopic marking, closure and anchoring of jejunal feeding tubes. It also carries a CE-mark prophylactic clipping to reduce the risk of delayed bleeding post lesion resection. Moreover, the device is equipped with a pushable sheath construction and smooth needle penetration to reduce trauma to the patient.
Another leader, Olympus Corporation, manufactures the QuickClip series endoscopes like the QuickClip2- Single use rotatable clip fixing devices, QuickClip2 Long and EZ Clips.
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They offer precise rotation providing exclusive control in orienting the clip, increased flexibility and easy penetration and channel protection. The third player, Cook Medical, manufactures endoscopic clips through its Instinct Endoscopic Hemoclip series, suitable for endoscopic marking, hemostasis and mucosal/submucosal defects less than 3 cm in the upper GI tract.
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