This metal clip is also known as ‘endoclip’ or ‘hemoclip’ and is extensively utilized for flexible endoscopes. Initially, the use of endoscopic clips were low but over time, these clips have become an integral part of the usual gastrointestinal endoscopic procedure for indications like ulcer. The global endoscopic clips market is likely to observe substantial growth due to the increased prevalence of gastrointestinal diseases.
Technological development in the field of medical imaging devices has played an important role in giving the endoscopy market considerable boost. These clip are made in such a way that it obtains tissue approximation in cases of gastrointestinal endoscopy. Initially, these clips were introduced for the purpose of attaining hemostasis of gastrointestinal bleeding, in particular peptic ulcer bleeding. Extensive use in gastrointestinal diseases is likely to propel growth of the global endoscopic clips market in the years to come.
Utilization of endoscopic clips in a wide number of applications, such as closure of polyps less than 1.5 cm in diameter in the gastrointestinal tract, bleeding arteries less than 2 mm, varices, Dieulafoy’s lesion, and perforations.
Some of the prominent companies profiled in the global endoscopic clips market are Conmed Corporation, Ovesco Endoscopy AG, B. Braun Melsungen AG, Olympus Corporation, Boston Scientific Corporation, and Medtronic plc. These companies are trying to figure out best possible way to address the issue of capacity limitations and disturbances in the supply chain caused by the global pandemic CONVID-19. These disturbances are holding back the manufacturers from making efforts to meet the new industry standard in the post COVID-19 era.
Increased Occurrences of Bleeding in GI-related Surgeries to Boost Demand
The global endoscopic clips market is likely to witness considerable growth due to the rising occurrences of bleeding during surgeries. These clips are extensively utilized in problems related to hemostasis, such as bleeding ulcers and arteries. These clips are gaining traction in the developing parts of the world due to favorable policies for reimbursements, improved healthcare expenditure, supportive government initiatives, and growing popularity of minimally invasive surgeries.
The expansion in the base of aging population is likely to surface as important growth factor for the market in the years to come. In addition, rise in the incidences of various gastrointestinal disorders and ailments, such as gastroesophageal reflux, pancreatic cancer, colorectal cancer, and inflammatory bowels disease amongst the aging population is predicted to boost the global endoscopic clips market in the years to come.
On the other hand, side effects related to use of endoscopic clips safety concerns are likely to restrict growth of the global endoscopic clips market over the period of analysis.
North America to Surface as a Prominent Region in the Market
In the global endoscopic clips market, North America is predicted to exert dominance over the market throughout the tenure of assistance. Such regional dominance of North America is ascribed to growing prevalence of minimally invasive surgeries and presence of advanced healthcare system in the region.
Rise in the incidences of arterial bleeding in gastrointestinal related surgeries and arterial bleeding in North America is likely to drive the market in the region.