Minimal Invasive Surgeries & Technological Advancement Underpin Endoscopic Clips Market

Published on : Dec 21, 2018

Albany, New York, December 21, 2018: The surge in the cases of bleeding in the course of surgeries has upped the endoscopic clips market. Further, conducive government initiatives, enhanced health care infrastructure, swelling demand for endoscopic treatment, embracement of minimal invasive surgeries and upsurge in cases of cancer have propped up the market. These assimilations are according to the report titled, “Endoscopic Clips Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately incorporated in the repository of Market Research Hub (MRH). In terms of revenue, the endoscopic clips market is estimated to expand at an impressive CAGR of around 7% during the assessment period. Nevertheless, technological advancement has bolstered the endoscopic clips market.

Given the application of endoscopic clips in closure of perforations throughout the gastrointestinal tract, fluoroscopic-guided therapy, attachment of feeding tubes, endoscopic repeat examination and post-operative anastomotic leakage, the market has gained traction. Besides, swelling use of endoscopy as an effective tool in diagnosis, therapy for bleeding ulcers, prognostication and rise in the number of patients suffering from peptic ulcers have pushed the hemostasis segment, thereby driving the endoscopic clips market. In addition, endoscopic clips offer reliable deployment, rotatability and viable opening distance of the arms which have spurred the market. Moreover, better tissue retention and proper mucosal adherence have further fueled the endoscopic clips market. Having said that, side effects owing to usage of endoscopic clips and rigid reimbursement policies appear detrimental to the growth of market.

Endoscopic Clips Market: Report Content

The report elucidates a thorough analysis on the endoscopic clips market through an in-depth assessment on the drivers, restraints, opportunities and trends in the market. The report does a comprehensive assessment of the market on the basis of application, end-user and region.

On the basis of application, the report assesses the market with regards to endoscopic marking, hemostasis and others. With respect to end-user, the market has been segmented into hospitals, ambulatory surgical centers, clinics and others. On the basis of region, the report covers North America, Europe, Latin America, APAC and Middle East and Africa.

The report also includes Porters’ Five Force Analysis to provide a holistic view of the market to the readers. The last section of the report incorporates competitive landscape of the market which is based on financial overview, company overview, product portfolio, business strategies and recent developments. The prominent companies profiled in the report are Olympus America, Cook Endoscopy, Boston Scientific Corporation, Medtronic, CONMED Corporation and Ovesco Endoscopy AG.

Endoscopic Clips Market: Research Methodology

The report delineates a robust research methodology incorporating secondary and primary research. The analysis in the report is on account of secondary research, primary interviews and reviews by expert panel.

The secondary research include trade journals, financial reports, SEC filings, broker reports, company websites, Factiva, statistical database and industry white paper. Besides, it also incorporates national government documents, press releases, news articles and internal & external proprietary databases. The primary research incorporate surveys, e-mail interaction, interviews analysis of seasoned analyst and phonic interviews. To provide the readers with an honest report, expert panel assesses the data collated from different sources.    

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