Endoscopic Clips Market: Current Analysis and Forecast (2022-2028)
Emphasis on Application (Endoscopic Marking, Hemostasis [Mucosal/Submucosal Defects, Bleeding Ulcers, Bleeding Arteries, Polypectomy Sites], and Others); End-User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others); and Region/Country
Global Endoscopic Clips Market is expected to grow at a significant rate of around ~7% during the forecast period. Endoscopy is a medical process that permits a doctor to investigate and observe the body without performing any major surgery. Major factors for the endoscopic clips market are the rising prevalence of gastroesophageal reflux diseases (GRED), celiac diseases worldwide. Furthermore, there’s a high prevalence of gastrointestinal infectious diseases worldwide due to unhealthy lifestyles and malnutrition. For instance, according to a research study conducted in 2019, the global prevalence of peptic ulcer disease (PUD) was approximately 8 million, representing a 25.82% increase from 1990.
- Braun Melsungen AG, Boston Scientific Corporation, Johnson & Johnson, STERIS plc, Conmed Corporation, Medtronic, Cook Group, Olympus Corporation, Teleflex, and Ovesco Endoscopy AG are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst application, hemostasis category to witness higher CAGR during the forecast period”
Based on application, the market is segmented into endoscopic marking, hemostasis, and others. The hemostasis segment is further sub-segmented into mucosal/submucosal defects, bleeding ulcers, bleeding arteries, and polypectomy sites. Among them, in 2020, the hemostasis category dominated the market and is expected to maintain its dominance throughout the forecast period. This is mainly due to the rising incidence of patients suffering from gastroesophageal reflux diseases (GERD), celiac disease, and other gastrointestinal diseases owing to unhealthy eating habits worldwide. For instance, according to reported data from the Center for Science, in 2020, unhealthy diets contributed to approximately 678,000 deaths each year in the U.S.
“Amongst end-user, the hospitals & clinics to hold a significant share in the market in 2020”
On the basis of end-user, the market is segmented into hospitals & clinics, ambulatory surgical centers, and others. In 2020, the hospitals & clinics category accounted for the majority share during the forecast period owing to the rising adoption of endoscopy equipment in hospitals, increasing government and private funding in the healthcare sector, as well as the greater availability of skilled healthcare professionals and technologically advanced facilities, and the increasing number of hospitals, which are driving the category’s growth.
“North America to hold a significant share in the market”
In 2020, North America held a significant share of the global endoscopic clips market. This is mainly attributed to the rising prevalence of GERD, growing awareness, and well-established medical infrastructure and facilities. For instance, according to the National Institutes of Health (NIH), researchers estimated that about 20% of people in the United States have gastroesophageal reflux disease (GERD).
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global endoscopic clips market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Endoscopic Clips Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global endoscopic clips market were the three major steps undertaken to create and analyze the adoption of endoscopic clips in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global endoscopic clips market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the endoscopic clips market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the endoscopic clips market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as application and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the endoscopic clips market. Further, we conducted factor analysis using dependent and independent variables such as various applications and end-user of endoscopic clips. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the endoscopic clips market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global endoscopic clips market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the endoscopic clips market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global endoscopic clips market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global endoscopic clips market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application and end-user in the global endoscopic clips market.
The Main Objective of the Global Endoscopic Clips Market Study
The current & future market trends of the global endoscopic clips market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the endoscopic clips market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of application and end-user.
- Define and analysis of the regulatory framework for the endoscopic clips
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the endoscopic clips market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the endoscopic clips market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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