Endoscopic Clips Market Size Share and Industry Outlook to 2028

SKU: DMMI4075 | Last Updated On: Oct 05 2021 | No. of Pages: 180 | Available Formats

> Global Endoscopic Clips Market Expected to reach a high CAGR of 7.2% By 2028: DataM Intelligence

Global Endoscopic Clips Market is segmented By Application(Endoscopic Marking, Hemostasis and Others), By End-User(Hospitals, Ambulatory Surgical Centers, Clinics and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

Market Overview

The "Global Endoscopic Clips Market" is predicted to reach at a high CAGR of 7.2% during the forecast period (2021-2028) 

Endoscopic clips are specialized instruments used in endoscopy and gastrointestinal surgical procedures to achieve tissue estimation. These were first designed and introduced for the sole purpose of accomplishing hemostasis of gastrointestinal bleeding, especially peptic ulcer bleeding.

Source: DataM Intelligence Analysis (2020

Market Dynamics

The global endoscopic clips devices market growth is driven by the rise in the global prevalence of gastrointestinal (GI) bleeding disorders, rise in demand for endoscopic treatment, supportive government initiatives, and high acceptance of minimally invasive surgeries are factors fueling the growth of the market.

Rising adoption of minimally invasive therapies, is expected to drive the global endoscopic clips market growth

The endoscopic surgeries are witnessing strong gains as endoscopic imaging has become the primary technique for detecting and treating chronic and acute diseases due to its unique capability of targeting hard-to-reach areas. Minimally invasive procedures have evolved into highly accurate, sensitive, and less invasive surgical procedures and also owing to benefits like lesser hospital stays, reduction in cost, better patient experience, faster recovery is attributed to the growth of the market. According Olympus Medical, there are more than 22.5 million upper and lower outpatient GI endoscopy procedures performed in the United States annually with approximately 527,000 clips placed during these procedures. This, combined with advantages offered by advanced clip features such as improved vision, superior lesion access, and low procedural cost, is projected to drive the growth of the market.

Rising prevalence of gastrointestinal (GI) bleeding disorders, is expected to drive the global endoscopic clips market growth

The global prevalence of gastrointestinal (GI) bleeding disorders such as colorectal and pancreatic cancers, inflammatory bowel disease, gastroesophageal reflux disease (GERD), cardiac vessel bleedings, and gastrointestinal hemorrhages is expected to drive the market growth. For instance, according to the International Foundation for Gastrointestinal Disorders Report published in 2019, GERD affects about one-third of the total population leading to bleeding problems driving the growth of the global market.

Side effects due to the usage of endoscopic clips is likely to hamper the market growth

However, side effects due to the usage of endoscopic clips like severe abdominal pain, heavy rectal bleeding, a fever, chills and sweats and safety issues are the major concern, according to the American Journal of Roentgenology most of the centers (62%) do not perform MRI on patients with confirmed gastrointestinal endoscopic clips, as many as 36% may proceed if certain conditions are met. For example, 16% reschedule the MRI examination for more than six weeks after endoscopy, despite evidence that some endoscopic clips, like the Resolution Clip model, may remain in the human gut for as long as 33 weeks. Similarly, 18% of centers do perform MRI, limiting field strength to 1.5 T, despite research results showing that even these weaker magnetic fields may interact with some endoscopic clip models, in some instances detaching them from the gut wall. Last, although several different safety practices were reported for when patients with endoscopic clips undergo MRI, each of these was used by only a small proportion of centers are some of the restraining factors in the market.

Market Industry Analysis

PEST Analysis:

Source: DataM Intelligence Analysis (2020)

COVID-19 Impact Analysis

COVID-19 is caused by severe acute respiratory syndrome coronavirus-2 (SARS-CoV-2), this outbreak led to a worldwide pandemic that started in early 2020. As a result, Healthcare systems worldwide encountered a rise of COVID-19 patients resulting in more than half a million deaths globally. COVID-19 has affected multiple sub-specialties and procedure-related fields, including gastroenterology. Gastrointestinal (GI) endoscopy centers are specialized units where thousands of endoscopies are performed annually. A major proportion of these procedures are affected due to the national and regional lockdowns across the globe. To adapt to this rapidly evolving situation, endoscopy centers have undergone significant changes and have taken unprecedented precautions to avoid the transmission of the virus. However, endoscopy centers are going through financial strain due to a reduction in the number of procedures from lockdowns and fear of virus transmission.

Segment Analysis

The endoscopic marking segment is expected to hold largest share in this market segment

The endoscopic marking segment is expected to dominate the market throughout the forecast period at a high CAGR due to their wide usage in various surgical interventions to treat bleeding arteries, ulcers, polypectomy, and others. Furthermore, the use of endoscopic clips throughout the GI tract in the cessation of perforations for endoscopic marking, post-operative anastomotic leakage, fluoroscopic-guided therapy, endoscopic repeat examination, etc., is expected to increase their demand in the recent years due to rise in the volume of target patients. Also, the increased adoption of endoscopic clips as opaque markers in precise marking in minimally invasive surgical (MIS) procedures due to rise in patient preference, along with the rise in technological advancements offering various advantages in endoscopy such as enhanced rotatability, mucosal adherence resulting in reliable deployment will fuel the growth of the segment and driving the global endoscopic clips market revenue over the forecast period.

The hospitals segment is expected to hold largest share in this market segment

Hospitals account for the highest market share, which can be attributed to the rise in preference for minimally invasive surgical procedures, minimizing the hospital stay, reducing cost burden, and enhancing the patient recovery process—the rise in demand for endoscopic clips in a hospital setting due to increased gastrointestinal surgeries in hospitals. For instance, according to Becker’s review of GI and Endoscopy in ASCs, around 25% of all cases in ASCs involve GI/endoscopic procedures. Also, more than 27% of all single-specialty surgery centers are driven due to gastroenterology procedures. Also, a rise in the volume of hospitals and collaborations with research institutes to develop advanced surgical procedures are expected to drive the demand for the segment and propel the global endoscopic clips over the forecast period.

Geographical Analysis

North America region holds the largest market share of global endoscopic clips market

North America is expected to dominate the overall endoscopic clips market throughout the forecast period. The dominance is due to the rise in arterial bleeding among cardiac patients and GI-related surgeries in the United States, which holds the largest market share due to a huge patient population. For instance, according to the World Gastroenterology Organization report published in 2018, the prevalence of GERD ranges from 18% to 28% in North America, which is likely to fuel the market. Also, several factors such as well-established direct reimbursement policies and the availability of advanced healthcare infrastructure may favor this region's market, contributing to its outstanding market share during the forecast period.

Source: DataM Intelligence Analysis (2020)

Competitive Landscape

The global endoscopic clips market is highly competitive with presence of global companies.  Some of the key players which are contributing to the growth of the market include Apollo Endosurgery Inc, B Braun Melsungen AG, Boston Scientific Corporation, CONMED Corporation, Cook Group, Johnson & Johnson, STERIS plc, Olympus Corporation, St. Jude Medical Inc and Medtronic plc. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the market globally. For instance, STERIS Corporation, a leading provider of endoscopic devices, acquired Aponos medical in April 2017, with this acquisition, Steris added the Padlock Clip system to its existing product portfolio of endoscopic devices. The system facilitates fast and effective full circumferential tissue closure while still maintaining blood flow to promote healing which is expected to have a positive impact on the overall market growth.

Endoscopic Clips Market Key Companies to Watch

B Braun Melsungen AG

Overview: B. Braun is a German medical and pharmaceutical device company with more than 63,000 employees globally and offices and production facilities in more than 60 countries. Its headquarters are located in Melsungen, in central Germany. The company was founded in 1839 and is still owned by the Braun family.

Product Portfolio: The Company’s portfolio comprised of include Titanium Ligation-Clips and Appliers, Challenger Ti Reusable Multi-Fire Clip Applier and DS Titanium Ligation-Clip.

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The global endoscopic clips market report would provide an access to an approx. 40+ market data table, 45+ figures and 180 pages. 

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Market Segmentation

Global Endoscopic Clips Market – By Application

  • Endoscopic Marking
  • Hemostasis
  • Mucosal/Submucosal Defects
  • Bleeding Ulcers
  • Bleeding Arteries
  • Polypectomy Sites
  • Others

Global Endoscopic Clips Market – By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Others

Global Endoscopic Clips Market - By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Table of Contents

  1. Global Endoscopic Clips Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Global Endoscopic Clips Market – Market Definition and Overview

  3. Global Endoscopic Clips Market – Executive Summary

    1. Market Snippet by Application
    2. Market Snippet by End-user
    3. Market Snippet by Region
  4. Global Endoscopic Clips Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rising adoption of minimally invasive therapies
        2. Rising prevalence of gastrointestinal (GI) bleeding disorders
      2. Restraints:
        1. Side effects and safety issuess due to the usage of endoscopic clips
      3. Opportunity
      4. Impact Analysis
  5. Global Endoscopic Clips Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. PEST Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
    5. Regulatory Analysis
    6. Reimbursement Analysis
    7. Unmet Needs
  6. Global Endoscopic Clips Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Global Endoscopic Clips Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
      2. Market Attractiveness Index, By Application Segment
    2. Endoscopic Marking*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    3. Hemostasis
      1. Mucosal/Submucosal Defects
      2. Bleeding Ulcers
      3. Bleeding Arteries
      4. Polypectomy Sites
    4. Others
  8. Global Endoscopic Clips Market – By End-User

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user Segment
      2. Market Attractiveness Index, By End-user Segment
    2. Hospitals*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    3. Ambulatory Surgical Centers
    4. Clinics
    5. Others
  9. Global Endoscopic Clips Market – By Region

    1. Introduction
      1. Market Size Analysis, US$ Million, 2018-2028 and Y-o-Y Growth Analysis (%), 2020-2028, By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3.  
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-user
  10. Global Endoscopic Clips Market – Competitive Landscape

    1. Key Developments and Strategies
    2. Company Share Analysis
    3. Product Benchmarking
    4. Key Companies to Watch
    5. Company with disruptive technology
    6. Start Up Companies
  11. Global Endoscopic Clips Market- Company Profiles

    1. B Braun Melsungen AG*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Apollo Endosurgery Inc
    3. Boston Scientific Corporation
    4. CONMED Corporation
    5. Cook Group
    6. Johnson & Johnson
    7. STERIS plc
    8. Olympus Corporation
    9. St. Jude Medical Inc
    10. Medtronic plc
    11. Qingdao DMD Medical Technology Co., Ltd
    12. PLS Minimally Invasive Interventional Medical Co., LTD
    13. Zhejiang Chuangxiang Medical Technology Co., Ltd(*LIST NOT EXHAUSTIVE)
  12. Global Endoscopic Clips Market – DataM  

    1.       Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables

Table 1 Global Endoscopic Clips Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 2 Global Endoscopic Clips Market Value, By End-user, 2020, 2024 & 2028 ($ Million)

Table 3 Global Endoscopic Clips Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 4 Global Endoscopic Clips Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table 5 Global Endoscopic Clips Market Value, By Application, 2019-2028 ($ Million)

Table 6 Global Endoscopic Clips Market Value, By End-user, 2020, 2024 & 2028 ($ Million)

Table 7 Global Endoscopic Clips Market Value, By End-user, 2019-2028 ($ Million)

Table 8   Global Endoscopic Clips Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table 9 Global Endoscopic Clips Market Value, By Region, 2019-2028 ($ Million)

Table 10 North America Endoscopic Clips Market Value, By Application, 2019-2028 ($ Million)

Table 11  North America Endoscopic Clips Market Value, By End-user, 2019-2028 ($ Million)

Table 12  North America Endoscopic Clips Market Value, By Country, 2019-2028 ($ Million)

Table 13  South America Endoscopic Clips Market Value, By Application, 2019-2028 ($ Million)

Table 14  South America Endoscopic Clips Market Value, By End-user, 2019-2028 ($ Million)

Table 15  South America Endoscopic Clips Market Value, By Country, 2019-2028 ($ Million)

Table 16  Europe Endoscopic Clips Market Value, By Application, 2019-2028 ($ Million)

Table 17  Europe Endoscopic Clips Market Value, By End-user, 2019-2028 ($ Million)

Table 18 Europe Endoscopic Clips Market Value, By Country, 2019-2028 ($ Million)

Table 19  Asia-Pacific Endoscopic Clips Market Value, By Application, 2019-2028 ($ Million)

Table 20 Asia-Pacific Endoscopic Clips Market Value, By End-user, 2019-2028 ($ Million)

Table 21  Asia-Pacific Endoscopic Clips Market Value, By Country, 2019-2028 ($ Million)

Table 22 Middle East & Africa Endoscopic Clips Market Value, By Application, 2019-2028 ($ Million)

Table 23 Middle East & Africa Endoscopic Clips Market Value, By End-user, 2019-2028 ($ Million)

Table 24 Apollo Endosurgery Inc: Overview

Table 25 Apollo Endosurgery Inc: Product Portfolio

Table 26 Apollo Endosurgery Inc: Key Developments

Table 27 Boston Scientific Corporation: Overview

Table 28 Boston Scientific Corporation: Product Portfolio

Table 29 Boston Scientific Corporation: Key Developments

Table 30 CONMED Corporation: Overview

Table 31  CONMED Corporation: Product Portfolio

Table 32 CONMED Corporation: Key Developments

Table 33 Cook Group: Overview

Table 34 Cook Group: Product Portfolio

Table 35 Cook Group: Key Developments

Table 36 Johnson & Johnson: Overview

Table 37 Johnson & Johnson: Product Portfolio

Table 38 Johnson & Johnson: Key Developments

Table 39 STERIS plc: Overview

Table 40 STERIS plc: Product Portfolio

Table 41  STERIS plc: Key Developments

Table 42 Olympus Corporation: Overview

Table 43 Olympus Corporation: Product Portfolio

Table 44 Olympus Corporation: Key Developments

Table 45 St. Jude Medical Inc: Overview

Table 46 St. Jude Medical Inc: Product Portfolio

Table 47 St. Jude Medical Inc: Key Developments

Table 48 Medtronic plc: Overview

Table 49 Medtronic plc: Product Portfolio

Table 50 Medtronic plc: Key Developments

Table 51  Qingdao DMD Medical Technology Co., Ltd: Overview

Table 52 Qingdao DMD Medical Technology Co., Ltd: Product Portfolio

Table 53 Qingdao DMD Medical Technology Co., Ltd: Key Developments

Table 54 PLS Minimally Invasive Interventional Medical Co., LTD: Overview

Table 55 PLS Minimally Invasive Interventional Medical Co., LTD: Product Portfolio

Table 56 PLS Minimally Invasive Interventional Medical Co., LTD: Key Development

Table 57 Zhejiang Chuangxiang Medical Technology Co., Ltd: Overview

Table 58 Zhejiang Chuangxiang Medical Technology Co., Ltd: Product Portfolio

Table 59 Zhejiang Chuangxiang Medical Technology Co., Ltd: Key Development

Table 60 B Braun Melsungen AG: Overview

Table 61  B Braun Melsungen AG: Product Portfolio

Table 62 B Braun Melsungen AG: Key Development

List of Figures

Figure 1  Global Endoscopic Clips Market Share, By Application, 2020 & 2028 (%)

Figure 2  Global Endoscopic Clips Market Share, By End-user, 2020 & 2028 (%)

Figure 3  Global Endoscopic Clips Market Share, By Region, 2020 & 2028 (%)

Figure 4  Global Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 5  Global Endoscopic Clips Market Y-o-Y Growth, By Application, 2020-2028 (%)

Figure 6  Endoscopic Marking: Global Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 7  Hemostasis: Global Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 8  Others: Global Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 9  Global Endoscopic Clips Market Y-o-Y Growth, By End-user, 2020-2028 (%)

Figure 10  Hospitals: Global Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 11  Clinics: Global Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 12  Ambulatory Surgical Centers: Global Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 13  Others: Global Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 14  Global Endoscopic Clips Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure 15  North America Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 16  North America Endoscopic Clips Market Share, By Application, 2020 & 2028 (%)

Figure 17  North America Endoscopic Clips Market Share, By End-user, 2020 & 2028 (%)

Figure 18  North America Endoscopic Clips Market Share, By Country, 2020 & 2028 (%)

Figure 19  South America Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 20 South America Endoscopic Clips Market Share, By Application, 2020 & 2028 (%)

Figure 21  South America Endoscopic Clips Market Share, By End-user, 2020 & 2028 (%)

Figure 22 South America Endoscopic Clips Market Share, By Country, 2020 & 2028 (%)

Figure 23 Europe Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 24 Europe Endoscopic Clips Market Share, By Application, 2020 & 2028 (%)

Figure 25 Europe Endoscopic Clips Market Share, By End-user, 2020 & 2028 (%)

Figure 26 Europe Endoscopic Clips Market Share, By Country, 2020 & 2028 (%)

Figure 27  Asia-Pacific Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 28 Asia-Pacific Endoscopic Clips Market Share, By Application, 2020 & 2028 (%)

Figure 29 Asia-Pacific Endoscopic Clips Market Share, By End-user, 2020 & 2028 (%)

Figure 30 Asia-Pacific Endoscopic Clips Market Share, By Country, 2020 & 2028 (%)

Figure 31  Middle East & Africa Endoscopic Clips Market Value, 2019-2028 ($ Million)

Figure 32 Middle East & Africa Endoscopic Clips Market Share, By Application, 2020 & 2028 (%)

Figure 33 Middle East & Africa Endoscopic Clips Market Share, By End-user, 2020 & 2028 (%)

Figure 34 Apollo Endosurgery Inc: Financials

Figure 35 Boston Scientific Corporation: Financials

Figure 36 CONMED Corporation: Financials

Figure 37  Cook Group: Financials

Figure 38 Johnson & Johnson: Financials

Figure 39 STERIS plc: Financials

Figure 40 Olympus Corporation: Financials

Figure 41  St. Jude Medical Inc: Financials

Figure 42 Medtronic plc: Financials

Figure 43 Qingdao DMD Medical Technology Co., Ltd: Financials

Figure 44 PLS Minimally Invasive Interventional Medical Co., LTD: Financials

Figure 45 Zhejiang Chuangxiang Medical Technology Co., Ltd: Financials

Figure 46 B Braun Melsungen AG: Financials

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