Endoscopic Clips Market will Register a CAGR of 7.1% through 2026

This report analyzes the current and future scenario of the global endoscopic clips market for the period 2016–2026. Increase in incidence of cancer, high acceptance of minimally invasive procedures, rise in popularity of endoscopy, and technological advancements are projected to drive of the global endoscopic clips market during the forecast period.

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The market report comprises an elaborate executive summary, including a snapshot that provides information on various segments of the market. It also provides information and data analysis of the global market with respect to segments based on application, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities of the market has been provided in the overview section. Additionally, the section comprises competitive matrix and profiles of key players along with business overview to project the competitive landscape of the market. The section also provides market attractiveness analysis based on region and market share analysis in terms of key players, thereby presenting a thorough analysis of the overall competitive scenario in the global endoscopic clips market.

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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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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.

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