Analyst Viewpoint
Rise in incidences of gastrointestinal bleeding, globally, is a major factor that is driving market progress. Failure of conventional endoscopic therapy to provide satisfactory patient prognosis and prevent re-bleeding has necessitated the use of and research in bettering endoscopic clips that are currently available. Rapid advancements in endoscopic submucosal dissection procedures is another factor driving the endoscopic clips market growth.
Manufacturers of endoscopic clips are focusing on the development of advanced and specialized clips for niche medical applications. They are emphasizing on reduction of production costs, while pushing for enhancement in the quality of endoscopic clips being manufactured. Implementation of stringent regulations owing to the rise in number of procedures demanding the use of endoscopic clips are also expected to positively influence the endoscopic clips industry growth in the next few years.
Endoscopic clips are widely used to close or seal lesions, perforations, or bleeding arteries. Extensive utilization of endoclips has prompted several companies to invest heavily in the development of endoscopic clips of various sizes and shapes that are endowed with state-of-the-art modern technology, such as computer-aided surgical sedation.
Endoclips may be reloaded or single-use, and they can open and close to facilitate accurate placing. Rise in demand and interest in the development of dedicated techniques and tools that facilitate the closure of gastrointestinal lesions or perforations and surge in adoption of minimally invasive endoscopic procedures are key factors that are projected to boost the endoscopic clips market demand in the next few years.
Gastrointestinal (GI) hemorrhage or bleeding is a major medical emergency with significant morbidity and mortality, resulting in over 200,000 hospitalizations in the U.S. each year. Conventional endoscopic therapy of GI hemorrhage has recorded inconsistent success rates and significant incidences of re-bleeding. This has prompted significant advances in the applications of endoscopic clips to prevent bleeding of high risk lesions, which in turn is likely to positively influence the endoscopic clips market forecast in the next few years.
Hemostatic clips, also known as through-the-scope (TTS) clips, are often utilized as endoscopic closure techniques for luminal abnormalities of various sizes. However, endoscopic clips have lately acquired significant traction for use as endoscopic hemostasis devices, with encouraging early results. Rapid increase in adoption of these clips is likely to provide novel endoscopic clips business opportunities for manufacturers in the near future.
The use of clips after endoscopic mucosal dissection (ESD) of large nonpedunculated polyps has been shown to lower the incidence of postprocedural hemorrhage; however, the reasons for closure are still being debated. The treatment has also been used in clinical trials to minimize the risk of perforation due to muscularis propria injuries. While normal clips are efficient for closing 2- to 3-cm endoscopic mucosal resection sites in the colon, ESD wound closure is more technically hard because the deeper dissection plane in ESD results in a greater space between the wound borders.
According to studies, utilizing only one dual-action tissue clip can greatly minimize the size of the incision and the stress on the margins. Consequently, future closing with clips becomes easier, thereby saving time and lowering the number of clips required. Once the incision has been partially healed, single clips with atraumatic teeth can be utilized to seal it completely. This technique has shown a significant reduction in recurrence of ESD, which is driving its preference for controlling dysplasia. These devices possess the ability to reduce the hazards associated with the treatment, which in turn is likely to impact the endoscopic clips market trends the in the near future.
North America accounted for a dominant endoscopic clips market share in 2022. This is due to an increase in health-care spending, favorable healthcare policies, and growth in adoption of advanced technology in the healthcare sector in the region.
The endoscopic clips market forecast for Asia Pacific is highly positive owing to an increase in geriatric population, rise in disposable income, and surge in incidence of gastrointestinal disorders in the region.
The global endoscopic clips business is highly consolidated with a few major players holding major market share. Leading manufacturers are following the latest endoscopic clips market trends and focusing on the development and production of sophisticated and specialized endoclips for niche medical uses. They are also emphasizing on the reduction of production costs, while improving the quality of endoscopic clips being produced. Key players operating in the global market include Cook Endoscopy, Olympus America, Boston Scientific Corporation, CONMED Corporation, Medtronic, and Ovesco Endoscopy AG. Key players in the endoscopic clips industry report have been profiled based on various parameters such as company overview, business strategies, financial overview, product portfolio, and business segments.
| Attribute | Detail |
|---|---|
| Market Value in 2022 (Base Year) | US$ 383.7 Mn |
| Market Forecast Value in 2031 | US$ 632.5 Mn |
| Growth Rate (CAGR) | 5.8% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2017-2021 |
| Quantitative Units | US$ Mn for Value |
| Market Analysis | Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis. |
| Competition Landscape | Prominent Players – Competition Dashboard and Revenue Share Analysis, 2023 Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview) |
| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon Request |
| Pricing | Available upon Request |
It was valued at US$ 383.7 Mn in 2022
It is likely to grow at a CAGR of 5.8% from 2023 to 2031
Rise in incidences of gastrointestinal bleeding globally, failure of conventional endoscopic therapy to provide satisfactory patient prognosis and prevent re-bleeding, rapid advancements in endoscopic submucosal dissection procedures
North America was the leading region in 2022
Cook Endoscopy, Olympus America, Boston Scientific Corporation, CONMED Corporation, Medtronic, and Ovesco Endoscopy AG
1. Executive Summary
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Endoscopic Clips Market
4. Market Overview
4.1. Market Segmentation
4.1.1. Segment Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Endoscopic Clips Market Analysis and Forecasts, 2022-2031
5. Key Insights
5.1. Pipeline Analysis
5.2. COVID-19 Pandemic Impact on Industry
6. Endoscopic Clips Market Analysis and Forecast, by Application
6.1. Introduction and Definitions
6.2. Key Findings/Developments
6.3. Market Value Forecast, by Application, 2017–2031
6.3.1. Endoscopic Marking
6.3.2. Hemostasis
6.3.2.1. Mucosal/Submucosal Defects
6.3.2.2. Bleeding Ulcers
6.3.2.3. Bleeding Arteries
6.3.2.4. Polypectomy Sites
6.3.3. Others
6.4. Market Attractiveness, by Application
7. Global Endoscopic Clips Market Analysis and Forecast, by End-user
7.1. Introduction and Definitions
7.2. Key Findings/Developments
7.3. Market Value Forecast, by End-user, 2017–2031
7.3.1. Hospitals
7.3.2. Ambulatory Surgical Centers
7.3.3. Clinics
7.3.4. Others
7.4. Market Attractiveness, by End-user
8. Global Endoscopic Clips Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region, 2017–2031
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness, by Region
9. North America Endoscopic Clips Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Application, 2022–2031
9.2.1. Endoscopic Marking
9.2.2. Hemostasis
9.2.2.1. Mucosal/Submucosal Defects
9.2.2.2. Bleeding Ulcers
9.2.2.3. Bleeding Arteries
9.2.2.4. Polypectomy Sites
9.2.3. Others
9.3. Market Value Forecast, by End-user, 2022–2031
9.3.1. Hospitals
9.3.2. Ambulatory Surgical Centers
9.3.3. Clinics
9.3.4. Others
9.4. Market Value Forecast, by Country, 2022–2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Application
9.5.2. By End-user
9.5.3. By Country
10. Europe Endoscopic Clips Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Application, 2022–2031
10.2.1. Endoscopic Marking
10.2.2. Hemostasis
10.2.2.1. Mucosal/Submucosal Defects
10.2.2.2. Bleeding Ulcers
10.2.2.3. Bleeding Arteries
10.2.2.4. Polypectomy Sites
10.2.3. Others
10.3. Market Value Forecast, by End-user, 2022–2031
10.3.1. Hospitals
10.3.2. Ambulatory Surgical Centers
10.3.3. Clinics
10.3.4. Others
10.4. Market Value Forecast, by Country/Sub-region, 2022–2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Application
10.5.2. By End-user
10.5.3. By Country/Sub-region
11. Asia Pacific Endoscopic Clips Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Application, 2022–2031
11.2.1. Endoscopic Marking
11.2.2. Hemostasis
11.2.2.1. Mucosal/Submucosal Defects
11.2.2.2. Bleeding Ulcers
11.2.2.3. Bleeding Arteries
11.2.2.4. Polypectomy Sites
11.2.3. Others
11.3. Market Value Forecast, by End-user, 2022–2031
11.3.1. Hospitals
11.3.2. Ambulatory Surgical Centers
11.3.3. Clinics
11.3.4. Others
11.4. Market Value Forecast, by Country/Sub-region, 2022–2031
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Application
11.5.2. By End-user
11.5.3. By Country/Sub-region
12. Latin America Endoscopic Clips Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Application, 2022–2031
12.2.1. Endoscopic Marking
12.2.2. Hemostasis
12.2.2.1. Mucosal/Submucosal Defects
12.2.2.2. Bleeding Ulcers
12.2.2.3. Bleeding Arteries
12.2.2.4. Polypectomy Sites
12.2.3. Others
12.3. Market Value Forecast, by End-user, 2022–2031
12.3.1. Hospitals
12.3.2. Ambulatory Surgical Centers
12.3.3. Clinics
12.3.4. Others
12.4. Market Value Forecast, by Country/Sub-region, 2022–2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Application
12.5.2. By End-user
12.5.3. By Country/Sub-region
13. Middle East & Africa Endoscopic Clips Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Application, 2022–2031
13.2.1. Endoscopic Marking
13.2.2. Hemostasis
13.2.2.1. Mucosal/Submucosal Defects
13.2.2.2. Bleeding Ulcers
13.2.2.3. Bleeding Arteries
13.2.2.4. Polypectomy Sites
13.2.3. Others
13.3. Market Value Forecast, by End-user, 2022–2031
13.3.1. Hospitals
13.3.2. Ambulatory Surgical Centers
13.3.3. Clinics
13.3.4. Others
13.4. Market Value Forecast, by Country/Sub-region, 2022–2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Application
13.5.2. By End-user
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player -Competition Matrix (By Tier and Size of Companies)
14.2. Market Share Analysis, by Company (2022)
14.3. Company Profiles
14.3.1. Cook Endoscopy
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Product Portfolio
14.3.1.3. Financial Overview
14.3.1.4. SWOT Analysis
14.3.1.5. Strategic Overview
14.3.2. Olympus America
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Product Portfolio
14.3.2.3. Financial Overview
14.3.2.4. SWOT Analysis
14.3.2.5. Strategic Overview
14.3.3. Boston Scientific Corporation
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Product Portfolio
14.3.3.3. Financial Overview
14.3.3.4. SWOT Analysis
14.3.3.5. Strategic Overview
14.3.4. CONMED Corporation
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Product Portfolio
14.3.4.3. Financial Overview
14.3.4.4. SWOT Analysis
14.3.4.5. Strategic Overview
14.3.5. Medtronic
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Product Portfolio
14.3.5.3. Financial Overview
14.3.5.4. SWOT Analysis
14.3.5.5. Strategic Overview
14.3.6. Ovesco Endoscopy AG
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Product Portfolio
14.3.6.3. Financial Overview
14.3.6.4. SWOT Analysis
14.3.6.5. Strategic Overview
List of Tables
Table 1: Global Endoscopic Clips Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 2: Global Endoscopic Clips Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 3: Global Endoscopic Clips Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 4: North America Endoscopic Clips Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 5: North America Endoscopic Clips Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 6: North America Endoscopic Clips Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 7: Europe Endoscopic Clips Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 8: Europe Endoscopic Clips Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 9: Europe Endoscopic Clips Market Value (US$ Mn) Forecast, by End-user 2017–2031
Table 10: Asia Pacific Endoscopic Clips Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 11: Asia Pacific Endoscopic Clips Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 12: Asia Pacific Endoscopic Clips Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 13: Latin America Endoscopic Clips Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 14: Latin America Endoscopic Clips Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 15: Latin America Endoscopic Clips Market Value (US$ Mn) Forecast, by End-user 2017–2031
Table 16: Middle East & Africa Endoscopic Clips Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 17: Middle East & Africa Endoscopic Clips Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 18: Middle East & Africa Endoscopic Clips Market Value (US$ Mn) Forecast, by End-user 2017–2031
List of Figures
Figure 1: Global Endoscopic Clips Market Value (US$ Mn) Forecast, 2017–2031
Figure 2: Global Endoscopic Clips Market Value Share, by Application, 2022
Figure 3: Global Endoscopic Clips Market Value Share, by End-user, 2022
Figure 4: Global Endoscopic Clips Market Value Share Analysis, by Application, 2022 and 2031
Figure 5: Global Endoscopic Clips Market Attractiveness Analysis, by Application, 2023–2031
Figure 6: Global Endoscopic Clips Market Value Share Analysis, by End-user, 2022 and 2031
Figure 7: Global Endoscopic Clips Market Attractiveness Analysis, by End-user 2023–2031
Figure 8: Global Endoscopic Clips Market Value Share Analysis, by Region, 2022 and 2031
Figure 9: Global Endoscopic Clips Market Attractiveness Analysis, by Region, 2023–2031
Figure 10: North America Endoscopic Clips Market Value (US$ Mn) Forecast, 2017–2031
Figure 11: North America Endoscopic Clips Market Value Share Analysis, by Country, 2022 and 2031
Figure 12: North America Endoscopic Clips Market Attractiveness Analysis, by Country, 2023–2031
Figure 13: North America Endoscopic Clips Market Value Share Analysis, by Application, 2022 and 2031
Figure 14: North America Endoscopic Clips Market Attractiveness Analysis, by Application, 2023–2031
Figure 15: North America Endoscopic Clips Market Value Share Analysis, by End-user, 2022 and 2031
Figure 16: North America Endoscopic Clips Market Attractiveness Analysis, by End-user 2023–2031
Figure 17: Europe Endoscopic Clips Market Value (US$ Mn) Forecast, 2017–2031
Figure 18: Europe Endoscopic Clips Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 19: Europe Endoscopic Clips Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 20: Europe Endoscopic Clips Market Value Share Analysis, by Application, 2022 and 2031
Figure 21: Europe America Endoscopic Clips Market Attractiveness Analysis, by Application, 2023–2031
Figure 22: Europe Endoscopic Clips Market Value Share Analysis, by End-user, 2022 and 2031
Figure 23: Europe Endoscopic Clips Market Attractiveness Analysis, by End-user 2023–2031
Figure 24: Asia Pacific Endoscopic Clips Market Value (US$ Mn) Forecast, 2017–2031
Figure 25: Asia Pacific Endoscopic Clips Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 26: Asia Pacific Endoscopic Clips Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 27: Asia Pacific Endoscopic Clips Market Value Share Analysis, by Application, 2022 and 2031
Figure 28: Asia Pacific America Endoscopic Clips Market Attractiveness Analysis, by Application, 2023–2031
Figure 29: Asia Pacific Endoscopic Clips Market Value Share Analysis, by End-user, 2022 and 2031
Figure 30: Asia Pacific Endoscopic Clips Market Attractiveness Analysis, by End-user 2023–2031
Figure 31: Latin America Endoscopic Clips Market Value (US$ Mn) Forecast, 2017–2031
Figure 32: Latin America Endoscopic Clips Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 33: Latin America Endoscopic Clips Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 34: Latin America Endoscopic Clips Market Value Share Analysis, by Application, 2022 and 2031
Figure 35: Latin America Endoscopic Clips Market Attractiveness Analysis, by Application, 2023–2031
Figure 36: Middle East & Africa Endoscopic Clips Market Value Share Analysis, by Country/Sub-region, 2022 and 2031
Figure 37: Middle East & Africa Endoscopic Clips Market Attractiveness Analysis, by Country/Sub-region, 2023–2031
Figure 38: Middle East & Africa America Endoscopic Clips Market Value Share Analysis, by Application, 2023–2031
Figure 39: Middle East & Africa America Endoscopic Clips Market Attractiveness Analysis, by Application, 2023–2031
Figure 40: Middle East & Africa Endoscopic Clips Market Value Share Analysis, by End-user, 2022 and 2031
Figure 41: Middle East & Africa Endoscopic Clips Market Attractiveness Analysis, by End-user 2023–2031
Figure 42: Global Endoscopic Clips Market Share Analysis, by Company (2022)
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Endoscopic Clips Market
