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The endoscopic closure devices market size is forecast to increase by USD 825.7 million, at a CAGR of 8% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the ongoing quest for effective and safe solutions for various gastrointestinal applications. Complication mitigation strategies, such as endoscopic suturing techniques and ligation devices, have gained significant attention in recent years. Esophageal variceal banding and bleeding control methods have seen advancements in safety profiles, with biocompatibility testing playing a crucial role in ensuring patient safety. Colonic perforation repair and mucosal defect repair are key areas of focus, with tissue sealing mechanisms and device design features being continually refined to enhance procedural success rates. Device handling systems are also undergoing improvements to streamline procedures and reduce surgical complication rates.
Closure device materials, such as polymeric biomaterials, are being explored for their adhesive sealant properties and long-term stability. Clinical trial data and material degradation rates are closely monitored to assess the therapeutic efficacy and cost-effectiveness of these devices. Deployment time metrics and device sterilization methods are essential considerations in the market, with regulatory approvals and internal anastomosis also influencing market dynamics. Perforation closure systems and clip deployment systems are undergoing durability assessments to address the evolving needs of healthcare providers and patients. The market is characterized by continuous innovation and a dynamic landscape, with ongoing research and development efforts aimed at improving patient outcomes and reducing procedural risks.
The endoscopic closure devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The endoscopic closure systems segment is estimated to witness significant growth during the forecast period.
The endoscopic closure systems market is witnessing significant growth due to the rising incidence of gastrointestinal (GI) diseases and advancements in technology leading to the development of new endoscopic closure systems. The increasing number of diagnostic and therapeutic endoscopic procedures, such as Endoscopic Mucosal Resection (EMR), Electrosurgical Dissection (ESD), and full-thickness resection of subepithelial tumors, is driving the demand for these systems. While through-the-scope (TTS) endoscopic closure clips are an option during endoscopic surgical treatments, they have limitations, including a limited opening span and closing strength, making them ineffective in fibrotic tissue settings. As a result, over-the-scope clips (OTSCs) are preferred by surgeons for closing large perforations.
Safety profiles, procedural success rates, and biocompatibility testing are crucial factors influencing the market. Polymeric biomaterials, tissue sealing mechanisms, and device design features are key areas of focus for manufacturers. Closure device materials, patient recovery times, adhesive sealant properties, clinical trial data, material degradation rates, insertion tube diameter, regulatory approvals, long-term stability, deployment time metrics, device sterilization methods, perforation closure systems, device cost-effectiveness, therapeutic efficacy metrics, clip deployment systems, durability assessments, and gastric ulcer closure are all integral aspects of the market. The market is also witnessing advancements in esophageal variceal banding, bleeding control methods, colonic perforation repair, and mucosal defect repair.
Regulatory approvals, device handling systems, surgical complication rates, and closure device materials are significant factors impacting the market dynamics. The market for endoscopic closure systems is expected to continue its growth trajectory due to its clinical benefits and the increasing number of indications.
The Endoscopic closure systems segment was valued at USD 626.30 million in 2019 and showed a gradual increase during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is experiencing steady growth, driven by the region's high adoption of advanced technologies, increasing prevalence of chronic diseases, a growing geriatric population, and availability of reimbursement for endoscopic procedures. Chronic conditions such as inflammatory bowel diseases (IBDs), gastroesophageal reflux disease (GERD), stomach cancer, colon cancer, and pancreatic cancers necessitate endoscopic surgeries, fueling market expansion. Endoscopic suturing techniques, ligation devices, and esophageal variceal banding are among the advanced technologies used for bleeding control and mucosal defect repair. Safety profiles, procedural success rates, and biocompatibility testing are crucial factors influencing market trends.
Polymeric biomaterials, tissue sealing mechanisms, and device design features are key considerations for manufacturers. Device handling systems, surgical complication rates, closure device materials, patient recovery times, and adhesive sealant properties are essential aspects of the market. Clinical trial data, material degradation rates, insertion tube diameter, regulatory approvals, internal anastomosis, long-term stability, deployment time metrics, device sterilization methods, perforation closure systems, and cost-effectiveness are critical factors shaping market dynamics. The market is witnessing the development of innovative endoscopic closure devices, including clip deployment systems, durability assessments, and gastric ulcer closure solutions. These advancements aim to address surgical complications, improve therapeutic efficacy, and enhance patient outcomes.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The endoscopic closure device market continues to evolve, offering innovative solutions for various gastrointestinal procedures. One key aspect of these devices is the endoscopic closure process, which involves deploying the device to seal and repair damaged tissue. The closure mechanism often utilizes a polymeric biomaterial, which undergoes degradation over time to allow for tissue regeneration. Effectiveness metrics for tissue sealing mechanisms are crucial in evaluating the safety and efficacy of these devices. Clinical trials provide valuable data on the device's safety profile, with low complication rates reported for luminal occlusion techniques. Adhesive sealants used in these devices exhibit desirable properties, such as biocompatibility and ease of application. Endoscopic suturing techniques require specialized training programs to ensure proper handling and usage. Device handling systems are designed with user-friendly features, enabling efficient and precise deployment. Success rates for procedures like gastric ulcer closure and colonic perforation repair have shown promising outcomes. Therapeutic efficacy metrics in clinical trials demonstrate the superiority of endoscopic closure devices compared to traditional surgical alternatives. Cost-effectiveness is another significant factor, with the bioabsorbable polymer degradation time frame contributing to long-term savings. Minimally invasive procedures using these devices have lower complication rates and reduced surgical times. Device sterilization method validation protocols and material biocompatibility testing standard methods ensure the highest quality and safety for patients. A well-designed device maintenance protocol is essential for extended usage, while quality control measures in manufacturing processes adhere to market research report standards.
The endoscopic closure devices market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the endoscopic closure devices market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, endoscopic closure devices market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Abbott Laboratories - The company specializes in providing advanced endoscopic closure solutions, including the Perclose ProGlide SMC System, enhancing surgical efficiency and reducing complications in various medical procedures.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Endoscopic Closure Devices Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
207 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
Market growth 2025-2029 |
USD 825.7 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
7.3 |
Key countries |
US, China, Germany, UK, Canada, Japan, France, Brazil, UAE, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by End-user
10 Market Segmentation by Distribution Channel
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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