Endoscopic Closure Systems Market Size, Share & Trend Analysis By Product Type, By End User, Regional Outlook, Competitive Tactics, and Segment Forecast to 2030

Endoscopic Closure Systems Market Size, Share & Trend Analysis By Product Type, By End User, Regional Outlook, Competitive Tactics, and Segment Forecast to 2030

Category : Healthcare & Life Sciences Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 270+

 Endoscopic Closure Systems Market Overview:

According to Reports and Insights analysis, the global endoscopic closure systems market is estimated to be US$ 320.3 Mn in 2022. Furthermore, the endoscopic closure systems market to register a CAGR of 6.1% which is expected to result in market forecast value for 2030 as US$ 512.9 Mn.

Endoscopic Closure Systems Market Size, Share and Trends Report

The most popular therapeutic method for treating an iatrogenic perforation is endoscopic closure. In the treatment of all GI wall abnormalities, endoscopic procedures have been demonstrated to be quite effective in lowering morbidity and mortality.

Endoscopic surgery is becoming more popular because it uses cutting-edge technology to access internal organs through tiny incisions, causing less pain and a faster recovery time than traditional surgical techniques. These elements are probably what will increase demand for endoscopic closure systems.

Endoscopic Closure Systems Market Segmentation

This market study on the global endoscopic closure systems market aims to cover market dynamics such as market drivers, challenges/restraints, and opportunities for the market players. It will also cover market segmentation outlook, endoscopic closure systems market trend, regional outlook, endoscopic closure systems market size, and market share, as well as industry and product insights, SWOT analysis, Porter's five force analysis, PESTEL analysis, heat map analysis, market forecast, and the major players operating in the endoscopic closure systems market.

Scope of the Report:

Report Metric

Report Details

Market size available for the years

2022-2030

Base year

2021

Forecast Period

2022-2030

Segments Covered

By Product Type, By End User, and By Region

Regions Covered

North America. Latin America, Asia Pacific, Middle East, and Africa

Key Players

CooperSurgical Inc., US Endoscopy, Life Partners Europe, Ovesco Endoscopy AG, Apollo Endosurgery, Inc., St. Jude Medical, Inc. (Abbott), etc., and Others

 

 

Endoscopic Closure Systems Market Drivers: Increased Use of Endoscopic Procedures Will Speed Market Growth

The primary factors propelling the growth of the global endoscopic closure systems market are the soaring need and interest for the creation of specialized tools and methods that permit the endoscopic closure of small GI perforations as well as the rising popularity of minimally invasive endoscopic procedures.

Animal models are used to design and test a variety of endoscopic closure techniques, including W.L. Gore and Associates developing bio-absorbable plugs, Boston Scientific Inc. creating mucosal clips, and Olympus Corporation creating end loops, among others.

Endoscopic Closure Systems Market Restraints: Lack of Skilled Professionals for Endoscopic Closure System Restraining Market Growth

Although the endoscopic closure systems market has numerous end-uses, numerous obstacles likely pose a challenge to market growth. Market expansion is being hampered by a lack of skilled professionals with expertise in operating endoscopic procedures.

The market for endoscopic closure will be hindered by high costs, the risk of infection, and stringent rules and regulations imposed by numerous government organizations.

Endoscopic Closure Systems Market Opportunities: Technological Advancement in the healthcare

On the market, it is anticipated that the emergence and spread of stomach and gastrointestinal cancer will have a substantial effect. The industry is expected to experience significant growth owing to the increasing geriatric population.

The endoscopic closure system's cutting-edge medical technology will present a wide range of prospects for industry players.

 Endoscopic Closure Systems Market, by Product Type:

Based on the Product Type, the global endoscopic closure systems market is segmented into; Endoscopic clips/Endoclips (Over-the-scope Clips), Overstitch endoscopic suturing systems, Cardiac septal defect occluders, Endoscopic vacuum-assisted closure systems, and Others.

Endoscopic Closure Systems Market, by End-User:

Based on the End-User, the global endoscopic closure systems market is segmented into; Endoscopic Closure Systems for Hospitals, Endoscopic Closure Systems for Ambulatory Surgical Centers.

Endoscopic Closure Systems Market, by Region:

North American market growth will be boosted by technological advancements in healthcare.1

The global market for endoscopic closure systems is unquestionably dominated by North America. In the United States, Over-the-scope clips and Overstitch systems are now in use.

The endoscopic closure system market is anticipated to experience significant growth due to investments in technologically advanced research and treatment platforms, an increase in the prevalence of cancers and GI tract disorders, and the presence of numerous endoscopic clip manufacturers in the area.

The market is growing in the United States as a result of both the presence of major market participants and the rising usage of cutting-edge diagnostic techniques in gastrointestinal (GI) disorders such as inflammation, surgical anastomoses, and neoplastic fistulae.

The Market for Endoscopic Closure Systems in Europe is Growing Due to Europe's Developing Healthcare System.

The increase in arterial bleeding among cardiac patients and GI-related surgeries, the large patient population, are the main drivers of market expansion in Europe.

The expansion of the endoscopic closure system is also made possible by the intensifying number of these ambulatory centers and the expanding number of endoscopic ultrasonography operations performed in ambulatory surgical centers in the area.

Due to expanding GI tract disease prevalence, increased elderly population, and increasing healthcare consciousness, the Asia Pacific is predicted to experience considerable expansion in the endoscopic closure system market over the forecast period.  

The drivers driving the market in the Asia Pacific region include an increase in the demand for high-quality treatment, the popularity of endoscopic devices, and technical improvements. Additionally, the expansion of the market in the Asia Pacific is boosted by an increase in healthcare spending and favorable reimbursement policies.

Contemporary Development in Endoscopic Closure Systems Market:

Apollo Endosurgery, Inc., a leader in minimally invasive medical devices for gastrointestinal and bariatric surgeries, said the landmark Multi-center ESG Randomized Interventional Trial (MERIT) Study would be published electronically in The Lancet in July 2022.

A legally formal letter of intent was signed in February 2022 by CooperCompanies to purchase Cook Medical's Reproductive Health business, a producer of minimally invasive medical equipment.

Cantel Medical, a global provider of infection prevention products and services to endoscopy, dental, dialysis, and life sciences Customers, was acquired by STERIS plc in June 2021.


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Frequently Asked Questions

The endoscopic closure systems market is estimated to reach at a value of US$ 320.3 Mn by the end of 2022 and expected to reach at a value of US$ 512.9 Mn by 2030 with a significant CAGR of 6.1%.

The base year for the report is 2021 in endoscopic closure systems market.

CooperSurgical Inc., US Endoscopy, Life Partners Europe, Ovesco Endoscopy AG, Apollo Endosurgery, Inc., St. Jude Medical, Inc. (Abbott), etc., and Others



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