Global Endoscopic Clips Market 2019-2023

The global endoscopic clips market size will grow by USD 78.21 million during 2019-2023. This market report provides a detailed analysis of the market by end-users (hospitals, clinics, and physicians’ offices and ASCs) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including B. Braun Melsungen AG, Boston Scientific Corp., CONMED Corp., Johnson & Johnson Services Inc., and Olympus Corp.

Some of the key findings from this endoscopic clips market forecast report are summarized below

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Global Endoscopic Clips Industry Overview

The growing focus on advances in endoscopic clips will be one of the critical endoscopic clips market trends. Market vendors are focusing on various product developments to enhance surgical efficacy. For instance, the development of wide-opening and 360⁰ rotation endoscopic clips will enable easier deployment and secure mucosal attachment resulting in high surgical efficacy. Market vendors are also developing MRI-conditional endoscopic clips that will ensure patient safety while undergoing medical imaging procedures, such as MRI. Moreover, endoscopic clip manufacturers are using selective raw materials, such as nitinol strips to improve the strength of endoscopic slips. These advances in products are expected to fuel the demand for endoscopic clips during the forthcoming years.

The growing adoption of MI techniques will also be a significant factor contributing to the endoscopic clips market growth. MIS procedures involve small incisions, minimal bleeding, and fast recovery. Therefore, MIS procedures increase patient compliance by reducing the hospital stay and the cost burden on patients. These benefits of MI techniques have increased the adoption of endoscopic procedures, especially in developed countries, such as the US and the UK. Moreover, various organizations are providing training and certification programs to fulfill the rising need for skilled professionals who can perform critical endoscopic surgical techniques, such as pocket-creation method for endoscopic submucosal dissection. The increasing adoption of MI techniques will boost the demand for endoscopic surgeries, driving the growth of the endoscopic clips market at a CAGR of almost 5% during the forecast period. 

Top Endoscopic Clips Companies Covered in this Market Research Report

The global endoscopic clips market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this endoscopic clips market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

The report offers a detailed analysis of several leading endoscopic clips manufacturers, including:

• B. Braun Melsungen AG
• Boston Scientific Corp.
• CONMED Corp.
• Johnson & Johnson Services Inc.
• Olympus Corp.

Endoscopic Clips Market Segmentation Based on End-users

• Hospitals, clinics, and physicians’ offices
• Ambulatory surgery centers (ASCs)

The hospitals, clinics, and physicians’ offices segment will account for the highest endoscopic clips market share. The continuous R&D in endoscopy or MIS for GI cancer treatments and rising collaborations are some of the factors fueling the demand for endoscopy clips from hospitals, clinics, and physicians’ offices. This market research report provides an accurate prediction of the contribution of all the segments to the growth of the endoscopic clips market size.

Endoscopic Clips Market Segmentation Based on Geographic Region

• Asia
• Europe
• North America
• ROW

With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the endoscopic clips market throughout the forecast period. Factors such as growing geriatric population, increasing prevalence of GI disorders, reimbursement for endoscopic procedures, and new products launches are expected to boost the endoscopic clips market growth in this region.

Key Highlights of the Global Endoscopic Clips Market Forecast Report for the Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the endoscopic clips market during the next five years
• Precise estimation of the global endoscopic clips market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the endoscopic clips industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of endoscopic clips companies

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