Endoscopic Clips Market Size, Share, Industry, Forecast and outlook (2024-2031)

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, 2024-2031

Endoscopic Clips Market Overview

Endoscopic Clips Market is predicted to reach at a CAGR of 7.2% during the forecast period (2024-2031). 

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.

Endoscopic Clips Market Summary

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Endoscopic Clips Market Dynamics

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.

COVID-19 Impact on Endoscopic Clips Market

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.

Endoscopic Clips Market Segmentation 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.

Endoscopic Clips Market Geographical Share

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.

Endoscopic Clips Companies and 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.

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.