The demand for endoscopic clips in the United States is expected to be substantial, positioning it as the primary driver of the North American region throughout the forecast period. This prominence can be attributed to the advanced healthcare infrastructure, a rising prevalence of gastrointestinal disorders, a growing preference for minimally invasive surgical techniques, and favorable reimbursement and insurance policies. These factors are set to propel the distribution of endoscopic clips in the foreseeable future.
The global endoscopic clips market is assessed at a value of US$ 487.5 million in 2023, with a projected revenue of US$ 997.2 million expected by the end of 2033. The sales of endoscopic clips worldwide are anticipated to experience a steady compound annual growth rate (CAGR) of 7.4% throughout the forecast period from 2023 to 2033.
Download a Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4753
Key Takeaways from Endoscopic Clips Market Survey
- North America is projected to emerge as a leading market while exhibiting growth at an impressive CAGR of 7% over the assessment period.
- Demand outlook for Asia Pacific remains optimistic and as the market set to expand at a CAGR of 7.6% over the forecast period.
- Based on application, the demand for endoscopic markers is poised to expand at a CAGR of 7.5% over the forthcoming years.
- Based on application, the Hemostasis segment is projected to account for almost half the endoscopic clips market share, expanding at a CAGR of 7.8%.
- The global endoscopic clips market is highly consolidated with the presence of three market players including, Boston Scientific Corporation, Cook Medical and Olympus Corporation.
Key Drivers
- Demand for faster patient recovery, shorter hospital stays, and lower healthcare burden are strengthening prospects for endoscopic clips market growth.
- Growing inclination for minimally invasive surgeries is accelerating the market growth.
Competitive Landscape
Endoscopic clips market players are focusing on new product offerings along with acquisitions and partnerships to gain a strong foothold in the market.
For instance, in 2020, Olympus Corporation announced the launch of its new endoscopy system EVIS X1. This novel innovation aims to enhance results from disorders of the colon, oesophagus and stomach.
In 2021, Olympus Corporation expanded its respiratory portfolio with the launch of first line of single-use bronchoscopes, the H-SteriScopes, which offers high flexibility and choice to physicians performing advanced procedures.
Some of the leading players operating in the endoscopic clips market profiled by Fact.MR are:
- Boston Scientific Corporation
- Cook Medical
- Olympus Corporation.
More Valuable Insights on Endoscopic Clips Market
Fact.MR, in its new report, offers an unbiased analysis of the global endoscopic clips market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on endoscopic clips market with detailed segmentation:
Application
- Endoscopic marking
- Hemostasis:
- Mucosal/Sub-mucosal defects
- Bleeding ulcers
- Bleeding arteries
- Polypectomy sites
- Others
End-users
- Ambulatory surgical centers
- Clinics
- Others
Key Regions
- North America
- Europe
- Asia Pacific (APAC)
- Latin America
- Middle East & Africa (MEA)
Get Customization on this Report:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4753
Key Questions Covered in the Endoscopic Clips Market Report
- The market survey highlights projected sales growth for endoscopic clips market through 2026
- The report offers insight into endoscopic clips demand outlook for the next five years
- Endoscopic clips market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- Endoscopic clips market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: [email protected]