Endoscopic Clips Market will Going to be Worth US$ 617.0 Mn by the End of 2026

Transparency Market Research (TMR) has published a new report titled, "Endoscopic Clips Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026". According to the report, the global endoscopic clips market was valued at US$ 355.5 Mn in 2018 and is projected to expand at a CAGR of 7.1% from 2018 to 2026. Inclination toward minimally invasive procedures, wide usage of endoscopic clips for hemostasis, and rise in acceptance of endoscopic clips are anticipated to boost the growth of the global market from 2018 to 2026.

Endoscopic clips are specialized instruments. These clips are designed 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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Increase in Geriatric Population and Demand for Endoscopic Clips for Hemostasis

The global population is aging rapidly. According to the WHO, nearly 2 billion people will be aged 60 years and above by 2050, accounting for around 16.7% of the global population. The population in developed countries such as Japan, the U.S., and countries in Western Europe is aging at a faster rate. This is attributed to better health care infrastructure and polices and adoption of techniques new endoscopic techniques. Additionally, access to various diagnostic and treatment services has improved in these regions in the past few years. This, in turn, has increased the life expectancy of the overall population.

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The incidence and prevalence of gastrointestinal diseases (GI) such as colorectal and pancreatic cancers, inflammatory bowels disease, and gastroesophageal reflux disease (GERD) increase with age. Several of these conditions can be diagnosed or cured using endoscopy procedures, and some of these are minimally invasive procedures. For example, capsule endoscopy is safe for all age groups. Bleeding of ulcers could occur in many cases. Endoscopic clips can be used to achieve hemostasis in various conditions such as lesions, gastric tumors, Mallory Weiss tears, ulcers, small varices, arteriovenous malformations, and diverticula.

Endoscopic clips have been used in the past few years for non-hemostatic conditions such as closure of perforations in the GI tract, prevention of post EMR bleeding & post-polypectomy, and attachment of feeding tubes.

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