Zion Market Research, The Market Research Group Announced The Analysis Report Titled "Endoscopic Clips Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 "

Sarasota, FL -- (SBWire) -- 02/01/2019 --Global Endoscopic Clips Market: Overview

Endoscopic clips are specialized equipment. These clips are devised to achieve tissue approximation in gastrointestinal endoscopy. These were first introduced for the sole purpose of achieving hemostasis of gastrointestinal bleeding, especially peptic ulcer bleeding.

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Usage of endoscopic clips has been expanded to a number of applications such as the closure of perforations, Dieulafoy's lesion, varices, bleeding arteries less than 2 mm, and polyps less than 1.5 cm in diameter in the GI tract. However, there are few concerns regarding accuracy, safety, and retention of these devices.

Global Endoscopic Clips Market: Growth Factors

Increase in the incidence of bleeding during surgeries is anticipated to steer the growth of endoscopic clips market. Endoscopic clips are widely used in hemostasis-related problems such as bleeding arteries and ulcers. In developing regions, improved health care infrastructure, the rise in demand for endoscopic treatment, supportive government initiatives, and high acceptance of minimally invasive surgeries are factors fueling the growth of the endoscopic clips market. However, unfavorable reimbursement policies, and safety and side effects due to the usage of endoscopic clips may obstruct the growth of the global market in the near future.

The rise in the aging population base and the growing prevalence of gastrointestinal disorders & ailments such as inflammatory bowels disease, colorectal cancer, pancreatic cancer, and gastroesophageal reflux disease majorly witnesses among the geriatric population will propel endoscopic clips market growth trends in the coming years.

Global Endoscopic Clips Market: Segmentation

The global endoscopic clips market can be classified based on application and end user. Application wise, the market is segmented into Endoscopic Marking and Hemostasis. Based on the end user, the endoscopic clips market is sectored into Hospitals, Ambulatory Surgical Centers, and Clinics.

Global Endoscopic Clips Market: Regional Analysis

Based on regions, the global endoscopic clips market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is predicted to dominate the global endoscopic clips market in the coming years and will be followed by Europe and the Asia Pacific. Increase in demand for high-quality treatment, the popularity of endoscopy devices, and technological advancements are the key factors driving the market in North America. The surge in health care expenditure, favorable reimbursement policies, the rise in prevalence of GI tract diseases, and an increase in the geriatric population are anticipated to propel the market in Europe during the forecast timeline.

The Asia Pacific is an emerging market for endoscopic clips. Increase in population, the rise in disposable income, and the wide presence of key players in the region are the factors anticipated to boost the growth of the endoscopic clips market in the Asia Pacific. The market in Latin America and Middle East & Africa is slated to be driven by an increase in the rate of cancer, rise in patient population base, improving the economy, and investments made by governments.

Global Endoscopic Clips Market: Competitive Players

The key players in the global endoscopic clips market include Cook Endoscopy, Olympus America, Boston Scientific Corporation, CONMED Corporation, Medtronic, and Ovesco Endoscopy AG.

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Global Endoscopic Clips Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa