Endoscopic Clips Market to Reach $632.5 Mn by 2031 | Advancements in GI Bleeding Treatment & Submucosal Dissection Driving Growth – TMR analysis

The global Endoscopic Clips Market is witnessing steady growth, driven by the increasing prevalence of gastrointestinal (GI) disorders, advancements in endoscopic technology, and the growing preference for minimally invasive procedures. Valued at US$ 383.7 million in 2022, the market is projected to expand at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2031, reaching US$ 632.5 million by the end of the forecast period.

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Market Overview

Endoscopic clips are widely used in gastroenterology for procedures such as hemostasis, closure of perforations, and endoscopic marking. The rising incidence of GI bleeding, colorectal cancer, and ulcers has fueled the demand for endoscopic interventions, making endoscopic clips an essential tool for safe and effective treatments.

“The adoption of endoscopic clips is rapidly increasing as physicians seek advanced solutions for minimally invasive treatments, reducing recovery time and improving patient outcomes,” said TMR Research.

Key Market Drivers

Several factors are contributing to the growth of the endoscopic clips market:

• Rising Prevalence of Gastrointestinal Disorders – Increasing cases of ulcers, gastrointestinal bleeding, and colorectal cancer are driving demand for advanced endoscopic interventions.
• Advancements in Endoscopic Technology – Innovations in clip design, including enhanced retention force and multi-deployment capabilities, are improving procedural success rates.
• Growing Adoption of Minimally Invasive Procedures – Surgeons and physicians prefer non-surgical interventions that reduce hospital stays and recovery times.
• Aging Population – The rising geriatric demographic, prone to GI-related complications, is boosting the demand for endoscopic treatments.
• Increased Healthcare Investments – Governments and private organizations are funding endoscopic research and improving healthcare infrastructure worldwide.

Recent Developments

• Boston Scientific (2023) – Launched a next-generation endoscopic clip with superior hemostatic properties, improving outcomes for GI bleeding management.
• Cook Medical (2023) – Introduced a multi-use endoscopic clip system with enhanced precision and repositioning capabilities.
• Olympus Corporation (2023) – Expanded its portfolio of endoscopic closure devices, integrating AI-assisted deployment for improved efficiency.

Competitive Landscape

The endoscopic clips market is highly competitive, with key players focusing on product innovations, strategic partnerships, and expansion into emerging markets. Leading companies include:

• Cook Endoscopy
• Olympus America
• Boston Scientific Corporation
• CONMED Corporation
• Medtronic
• Ovesco Endoscopy AG

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Analyst Perspective

The global increase in gastrointestinal bleeding cases is a primary driver of market growth. The shortcomings of traditional endoscopic therapies in achieving favorable patient outcomes and preventing re-bleeding have spurred the need for improved endoscopic clips and further research into enhancing existing options. Additionally, rapid progress in endoscopic submucosal dissection procedures is contributing to the expansion of the endoscopic clips market.

Manufacturers are concentrating on creating advanced, specialized clips tailored for specific medical uses. They are working to lower production costs while simultaneously improving the quality of the endoscopic clips produced.

Future Outlook

The future of the endoscopic clips market lies in continued technological advancements, including AI-assisted deployment, biodegradable clips, and smart integration with endoscopic imaging systems. The increasing adoption of robotic-assisted endoscopic procedures is also expected to drive market expansion.

“The integration of AI and robotics in endoscopic interventions is set to redefine the way GI disorders are managed, improving procedural efficiency and patient outcomes”.

Market Segmentation

The endoscopic therapy market is segmented based on application and end-user to provide a comprehensive understanding of the industry landscape.

By Application

1. Endoscopic Marking: Used for identifying and locating lesions or tumors during endoscopic procedures.
2. Hemostasis: Applied to control bleeding during endoscopic surgeries.
3. Mucosal/Submucosal Defects: Focused on treating defects in the mucosal or submucosal layers of the gastrointestinal tract.
4. Bleeding Ulcers: Addressing bleeding caused by gastric or duodenal ulcers.
5. Bleeding Arteries: Managing arterial bleeding during endoscopic interventions.
6. Polypectomy Sites: Treating bleeding or complications at sites where polyps have been removed.
7. Others: Includes applications in treating varices, fistulas, and other gastrointestinal conditions.

By End-User

1. Hospitals: Primary setting for complex endoscopic procedures and therapies.
2. Ambulatory Surgical Centers: Increasingly used for minimally invasive endoscopic treatments.
3. Clinics: Providing outpatient endoscopic services for diagnostic and therapeutic purposes.
4. Others: Includes specialized endoscopy centers and research facilities.

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Regional Insights

• North America holds the largest market share, driven by high adoption rates of advanced endoscopic technologies and a well-established healthcare system.
• Europe follows closely, with growing investments in minimally invasive treatments and increasing GI disorder prevalence.
• Asia-Pacific is anticipated to witness the fastest growth due to rising healthcare infrastructure improvements, an increasing aging population, and greater awareness of early diagnosis.

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