Endoscopic Clips Market

Endoscopic Clips Market (Application: Endoscopic Marking, Hemostasis, Others; End-user: Hospitals, Ambulatory Surgical Centers, Clinics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2031

Endoscopic Clips Market Outlook 2031

  • The global industry was valued at US$ 383.7 Mn in 2022
  • It is estimated to grow at a CAGR of 5.8% from 2023 to 2031 and reach US$ 632.5 Mn by the end of 2031

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 Market

Market Introduction

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.

Rise in Incidence of Gastrointestinal Bleeding Augmenting Endoscopic Clips Market Value

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.

Rapid Advancements in Endoscopic Submucosal Dissection Procedures Bolstering Endoscopic Clips Market Size

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.

Regional Outlook

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.

Analysis of Key Players

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.

Key Developments

  • In November 2023, Medtronic announced that it had launched its Penditure left atrial appendage (LAA) exclusion system in the U.S. The company claims that the device is the only LAA clip that can be recaptured, repositioned, and redeployed after deployment during a procedure. It intends to put greater control in the hands of surgeons.
  • In July 2020, Olympus announced the commercial availability of its 510(k) cleared EZ Clip endotherapy device, a reloadable and rotatable hemostasis clip designed for bleed control and defect closure during GI endoscopy procedures in which more than one clip is needed

Market Snapshot

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
  • Application
    • Endoscopic Marking
    • Hemostasis
      • Mucosal/Submucosal Defects
      • Bleeding Ulcers
      • Bleeding Arteries
      • Polypectomy Sites
    • Others
  • End-user
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
    • Others
Regions Covered
  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Japan
  • China
  • India
  • Australia & New Zealand
  • Brazil
  • Mexico
  • GCC
  • South Africa
Companies Profiled
  • Cook Endoscopy
  • Olympus America
  • Boston Scientific Corporation
  • CONMED Corporation
  • Medtronic
  • Ovesco Endoscopy AG
Customization Scope Available upon Request
Pricing Available upon Request

Frequently Asked Questions

How big was the endoscopic clips market in 2022?

It was valued at US$ 383.7 Mn in 2022

How is the endoscopic clips business expected to grow by 2031?

It is likely to grow at a CAGR of 5.8% from 2023 to 2031

What are the key factors driving demand in the endoscopic clips industry?

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

Which was the major region in the global endoscopic clips landscape in 2022?

North America was the leading region in 2022

Who are the key endoscopic clips manufacturers?

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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