Endoscopic Clips Market - Global Industry Analysis

Endoscopic Clips Market By Application (Endoscopic Marking, Hemostasis, and Others), by End-user (Hospitals, Ambulatory Surgical Centers, Clinics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028

Published Date: 28-Jul-2022 Category: Healthcare Report Format : PDF Pages: 254 Report Code: ZMR-3774 Status : Published

The global endoscopic clips market size was worth USD 379.20 Million in 2021 and is estimated to grow to USD 559.57 Million by 2028, with a compound annual growth rate (CAGR) of approximately 6.70 percent over the forecast period.

Description

Industry Prospective:

The global endoscopic clips market size was worth USD 379.20 Million in 2021 and is estimated to grow to USD 559.57 Million by 2028, with a compound annual growth rate (CAGR) of approximately 6.70 percent over the forecast period. The report analyzes the 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 market.

Endoscopic Clips Market: Overview

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 the 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.

Global Endoscopic Clips Market

Covid-19 Impact

Worldwide healthcare systems are facing a surge in COVID-19 patients, killing more than 500,000 people worldwide. COVID-19 has influenced multiple disciplines and procedural disciplines, including gastroenterology. The Gastrointestinal (GI) Endoscopy Center is a specialized unit that performs thousands of endoscopies each year. Most of these steps are affected by the blockades of nations and regions around the world. To adapt to this rapidly evolving situation, the endoscopy center has undergone major changes and has taken unprecedented precautions to prevent viral infections.

Key Insights:

  • The global endoscopic clips market was worth around USD 379.20 Million in 2021 and is estimated to grow to about USD 559.57 Million by 2028, with a compound annual growth rate (CAGR) of approximately 6.70 percent over the forecast period.
  • The global epidemic of gastrointestinal (GI) hemorrhagic diseases such as colon & pancreatic cancer, inflammatory bowel disease, gastroesophageal reflux disease (GERD), cardiovascular bleeding, and gastrointestinal bleeding is expected to drive market growth.
  • Side effects of using endoscopic clips such as severe abdominal pain and severe rectal bleeding may impede market growth.
  • Hospitals have the highest market share due to the growing preference for minimally invasive surgery.
  • Increased arterial bleeding and gastrointestinal surgery in heart disease patients in the United States will drive North America market growth during the forecast period.

Endoscopic Clips Market: Growth Drivers

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.

Endoscopic Clips Market: Restraints

Side effects due to the usage of endoscopic clips is 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% schedule 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 it 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.

Endoscopic Clips Market: Segmentation

The global endoscopic clips market is segregated on the basis of application, end-use, 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, polypectomy, 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.

Recent Developments

  • STERIS Corporation, a leading provider of endoscopic devices, acquired Aponos Medical in April 2017. Steris has added the Padlock Clip System to its existing endoscopic device product portfolio with this acquisition.
  • According to the Centers for Disease Control and Prevention, as of 2020, there will be about 75 million endoscopies each year in the United States, of which about 68% will be GI endoscopy.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Endoscopic Clips Market: Regional Landscape

Increasing arterial bleeding among cardiac patients to drive the North America 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.

Endoscopic Clips Market: Competitive Landscape

Some of the main competitors dominating the global endoscopic clips market include - Cook Endoscopy, Olympus America, Boston Scientific Corporation, CONMED Corporation, Medtronic, and Ovesco Endoscopy AG.

Global endoscopic clips market is segmented as follows:

By Application

  • Endoscopic Marking
  • Hemostasis
  • Others

By End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Endoscopic Clips Market, (2022 - 2028) (USD Million)
    • 2.2 Global Endoscopic Clips Market : snapshot
  • Chapter 3. Global Endoscopic Clips Market - Industry Analysis
    • 3.1 Endoscopic Clips Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising adoption of minimally invasive therapies is expected to drive the global market growth
    • 3.3 Market Restraints
      • 3.3.1. Side effects due to the usage of endoscopic clips is likely to hamper the market growth
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Application
      • 3.7.2 Market attractiveness analysis By End-user
  • Chapter 4. Global Endoscopic Clips Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Endoscopic Clips Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Endoscopic Clips Market - Application Analysis
    • 5.1 Global Endoscopic Clips Market overview: By Application
      • 5.1.1 Global Endoscopic Clips Market share, By Application, 2021 and 2028
    • 5.2 Endoscopic Marking
      • 5.2.1 Global Endoscopic Clips Market by Endoscopic Marking, 2022 - 2028 (USD Million)
    • 5.3 Hemostasis
      • 5.3.1 Global Endoscopic Clips Market by Hemostasis, 2022 - 2028 (USD Million)
    • 5.4 Others
      • 5.4.1 Global Endoscopic Clips Market by Others, 2022 - 2028 (USD Million)
  • Chapter 6. Global Endoscopic Clips Market - End-user Analysis
    • 6.1 Global Endoscopic Clips Market overview: By End-user
      • 6.1.1 Global Endoscopic Clips Market share, By End-user, 2021 and 2028
    • 6.2 Hospitals
      • 6.2.1 Global Endoscopic Clips Market by Hospitals, 2022 - 2028 (USD Million)
    • 6.3 Ambulatory Surgical Centers
      • 6.3.1 Global Endoscopic Clips Market by Ambulatory Surgical Centers, 2022 - 2028 (USD Million)
    • 6.4 Clinics
      • 6.4.1 Global Endoscopic Clips Market by Clinics, 2022 - 2028 (USD Million)
    • 6.5 Others
      • 6.5.1 Global Endoscopic Clips Market by Others, 2022 - 2028 (USD Million)
  • Chapter 7. Endoscopic Clips Market - Regional Analysis
    • 7.1 Global Endoscopic Clips Market Regional Overview
    • 7.2 Global Endoscopic Clips Market Share, by Region, 2021 & 2028 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Endoscopic Clips Market, 2022 - 2028 (USD Million)
        • 7.3.1.1 North America Endoscopic Clips Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 North America Endoscopic Clips Market, by Application, 2022 - 2028
      • 7.4.1 North America Endoscopic Clips Market, by Application, 2022 - 2028 (USD Million)
    • 7.5 North America Endoscopic Clips Market, by End-user, 2022 - 2028
      • 7.5.1 North America Endoscopic Clips Market, by End-user, 2022 - 2028 (USD Million)
    • 7.4. Europe
      • 7.4.2 Europe Endoscopic Clips Market, 2022 - 2028 (USD Million)
        • 7.4.2.1 Europe Endoscopic Clips Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Europe Endoscopic Clips Market, by Application, 2022 - 2028
      • 7.4.1 Europe Endoscopic Clips Market, by Application, 2022 - 2028 (USD Million)
    • 7.5 Europe Endoscopic Clips Market, by End-user, 2022 - 2028
      • 7.5.1 Europe Endoscopic Clips Market, by End-user, 2022 - 2028 (USD Million)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Endoscopic Clips Market, 2022 - 2028 (USD Million)
        • 7.5.3.1 Asia Pacific Endoscopic Clips Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Asia Pacific Endoscopic Clips Market, by Application, 2022 - 2028
      • 7.4.1 Asia Pacific Endoscopic Clips Market, by Application, 2022 - 2028 (USD Million)
    • 7.5 Asia Pacific Endoscopic Clips Market, by End-user, 2022 - 2028
      • 7.5.1 Asia Pacific Endoscopic Clips Market, by End-user, 2022 - 2028 (USD Million)
    • 7.6. Latin America
      • 7.6.4 Latin America Endoscopic Clips Market, 2022 - 2028 (USD Million)
        • 7.6.4.1 Latin America Endoscopic Clips Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Latin America Endoscopic Clips Market, by Application, 2022 - 2028
      • 7.4.1 Latin America Endoscopic Clips Market, by Application, 2022 - 2028 (USD Million)
    • 7.5 Latin America Endoscopic Clips Market, by End-user, 2022 - 2028
      • 7.5.1 Latin America Endoscopic Clips Market, by End-user, 2022 - 2028 (USD Million)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Endoscopic Clips Market, 2022 - 2028 (USD Million)
        • 7.7.5.1 The Middle-East and Africa Endoscopic Clips Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 The Middle-East and Africa Endoscopic Clips Market, by Application, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Endoscopic Clips Market, by Application, 2022 - 2028 (USD Million)
    • 7.5 The Middle-East and Africa Endoscopic Clips Market, by End-user, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Endoscopic Clips Market, by End-user, 2022 - 2028 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Cook Endoscopy
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Olympus America
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Boston Scientific Corporation
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 CONMED Corporation
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Medtronic
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Ovesco Endoscopy AG.
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Endoscopic Clips Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Endoscopic Clips Market attractiveness, By Application
  • 6. Global Endoscopic Clips Market attractiveness, By End-user
  • 7. Global Endoscopic Clips Market share by Application, 2022 and 2028 (USD Million)
  • 8. Global Endoscopic Clips Market by Endoscopic Marking, 2022 - 2028 (USD Million)
  • 9. Global Endoscopic Clips Market by Hemostasis, 2022 - 2028 (USD Million)
  • 10. Global Endoscopic Clips Market by Others, 2022 - 2028 (USD Million)
  • 11. Global Endoscopic Clips Market share by End-user, 2022 and 2028 (USD Million)
  • 12. Global Endoscopic Clips Market by Hospitals, 2022 - 2028 (USD Million)
  • 13. Global Endoscopic Clips Market by Ambulatory Surgical Centers, 2022 - 2028 (USD Million)
  • 14. Global Endoscopic Clips Market by Clinics, 2022 - 2028 (USD Million)
  • 15. Global Endoscopic Clips Market by Others, 2022 - 2028 (USD Million)
  • 16. Global Endoscopic Clips Market share, by Region, 2022 and 2028
  • 17. North America Endoscopic Clips Market, 2022 - 2028 (USD Million)
  • 18. Europe Endoscopic Clips Market, 2022 - 2028 (USD Million)
  • 19. Asia Pacific Endoscopic Clips Market, 2022 - 2028 (USD Million)
  • 20. Latin America Endoscopic Clips Market, 2022 - 2028 (USD Million)
  • 21. The Middle-East and Africa Endoscopic Clips Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Endoscopic Clips Market: Snapshot
  • 2. Drivers of the Endoscopic Clips Market: impact analysis
  • 3. North America Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 4. North America Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 5. U.S. Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 6. U.S. Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 7. Canada Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 8. Canada Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 9. Europe Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 10. Europe Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 11. Germany Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 12. Germany Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 13. France Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 14. France Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 15. U.K. Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 16. U.K. Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 17. Italy Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 18. Italy Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 19. Spain Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 20. Spain Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 21. Rest of Europe Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 22. Rest of Europe Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 23. Asia Pacific Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 24. Asia Pacific Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 25. China Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 26. China Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 27. Japan Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 28. Japan Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 29. India Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 30. India Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 31. South Korea Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 32. South Korea Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 33. South-East Asia Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 34. South-East Asia Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 35. Rest of Asia Pacific Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 36. Rest of Asia Pacific Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 37. Latin America Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 38. Latin America Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 39. Brazil Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 40. Brazil Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 41. Mexico Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 42. Mexico Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 43. Rest of Latin America Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 44. Rest of Latin America Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 45. The Middle-East and Africa Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 46. The Middle-East and Africa Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 47. GCC Countries Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 48. GCC Countries Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 49. South Africa Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 50. South Africa Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)
  • 51. Rest of Middle-East Africa Endoscopic Clips Market revenue, By Application, 2022 - 2028 (USD Million)
  • 52. Rest of Middle-East Africa Endoscopic Clips Market revenue, By End-user, 2022 - 2028 (USD Million)

Methodology

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FrequentlyAsked Questions

The to the growth of the endoscopic market are gastrointestinal (GI) bleeding disorders such as and pancreatic inflammatory bowel and gastroesophageal reflux disease (GERD), and and gastrointestinal population.

According to the report, the global endoscopic clips market size was worth 379.20 (USD million) in 2021 and is predicted to grow to 559.57 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 6.70 percent.

North America is expected to dominate the market throughout the forecast period. The is due to arterial bleeding patients and in the United which holds the largest market share due to huge patient population. In addition, several such as direct reimbursement policies and the availability of advanced may favor outstanding market share during the forecast period.

Some of the main competitors dominating the global endoscopic clips market include - Cook Endoscopy, Olympus America, Boston Scientific Corporation, CONMED Corporation, Medtronic, and Ovesco Endoscopy AG.

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