Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 430.34 Million | USD 777.97 Million | 6.1% | 2024 |
The global endoscopic clips market size was worth around USD 430.34 Million in 2024 and is predicted to grow to around USD 777.97 Million by 2034 with a compound annual growth rate (CAGR) of roughly 6.1% between 2025 and 2034.
The report analyzes the global endoscopic clips market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the endoscopic clips industry.
An endoscope clip is a device that specializes in nature. These clips are intended to take over the tissue estimation in gastrointestinal endoscopy. These clamps were initially issued solely to perform the task of hemostasis in gastrointestinal bleeding, especially in the case of bleeding from gastric ulcer disease. Such important applications could impact the global endoscope clip market in the coming years. However, the use of endoscopic clips has recently expanded beyond gastrointestinal bleeding.
Currently, many new application areas for clips are expected to drive global market growth during the evaluation period. It can now be used to complete punctures, arterial bleeding less than 2 mm, Dieulafoy's injury, polyps less than 1.5 cm wide, and varicose veins of the gastrointestinal tract. Increased worldwide prevalence of gastrointestinal (GI) hemorrhagic diseases such as colon & pancreatic cancer, inflammatory bowel disease & gastroesophageal reflux disease (GERD), and cardiovascular & gastrointestinal bleeding is likely to drive the market expansion.
The rising adoption of minimally invasive therapies is expected to drive the global market growth
Endoscopic surgery has made great strides as endoscopic imaging has become a major technique for detecting and treating chronic and acute diseases due to its unique ability to target difficult-to-reach areas. Minimally invasive surgery has evolved into highly accurate, delicate, and less invasive surgery. It also contributes to the global endoscopic clips market growth with benefits such as shorter hospital stays, reduced costs, improved patient experience, and faster recovery. According to Olympus Medical, more than 22.5 million outpatients in the United States undergo upper gastrointestinal endoscopy each year, with approximately 527,000 clips placed during these surgeries. This is expected to drive market growth, coupled with the benefits provided by advanced clipping features such as improved vision, better lesion access, and lower procedural costs.
Side effects due to the usage of endoscopic clips are likely to hamper the market growth
According to the American Journal of Roentgenology, side effects from using endoscopic clips such as severe abdominal pain, heavy rectal bleeding, fever, chills, sweating, and safety issues are the biggest concerns at most centers. Up to 36% can be continued if certain conditions are met. For example, 16% scheduled MRI more than 6 weeks after endoscopy, but there is evidence that some endoscopic clips, such as resolution clip models, can stay in the human intestine for up to 33 weeks. Similarly, 18% of centers perform MRI with magnetic field strengths limited to 1.5 T. Still, studies show that even these weak magnetic fields interact with some endoscopic clip models, and in some cases, they can be separated from the intestinal wall. Several different safety measures have been reported for patients undergoing MRI with endoscopic clips, but they are ultimately used only in a small part of the center, which may act as a limiting factor for market growth.
The global endoscopic clips market is segregated on the basis of application, end-user, and region.
By application, the market is divided into endoscopic marking, hemostasis, and others. Among these, the endoscopic marking segment dominates the market due to its wide usage in various surgical interventions to treat bleeding arteries, ulcers, polypectomies, and others.
By end-use, the market is classified into hospitals, ambulatory surgical centers, clinics, and others. The hospital segment dominates the market owing to increasing volume through collaboration with hospitals and research institutes to develop advanced surgical procedures. This is expected to drive demand in this segment and global endoscopic clips during the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Endoscopic Clips Market |
Market Size in 2024 | USD 430.34 Million |
Market Forecast in 2034 | USD 777.97 Million |
Growth Rate | CAGR of 6.1% |
Number of Pages | 254 |
Key Companies Covered | Cook Endoscopy, Olympus America, Boston Scientific Corporation, CONMED Corporation, Medtronic, and Ovesco Endoscopy AG., and others. |
Segments Covered | By Application, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Increasing arterial bleeding among cardiac patients to drive the North American market
North America is expected to dominate the global endoscope clip market throughout the forecast period. The predominance is due to increased arterial bleeding in patients with heart disease and gastrointestinal surgery in the United States, which holds the largest market share due to many patients. For example, according to a 2018 World Gastroenterology Organization report, the prevalence of GERD in North America ranges from 18% to 28%, which could drive the market. In addition, several factors, such as established direct reimbursement policies and the availability of advanced medical infrastructure, may favor regional markets and contribute to outstanding market share during the forecast period.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the endoscopic clips market on a global and regional basis.
The global endoscopic clips market is dominated by players like:
By Application
By End-user
By Region
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