Global Endoscopic Clips Market 2019-2023
Global Endoscopic Clips Market: About this market
Endoscopic clips are medical devices that are used in endoscopy and gastrointestinal surgical procedures. Technavio’s endoscopic clips market analysis considers sales from both ASCs and hospitals, clinics, and physician’s office. Our analysis also considers the sales of endoscopic clips in Asia, Europe, North America, and ROW. In 2018, the hospitals, clinics, and physician’s office segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing collaborations of hospitals and clinics with research institutes to develop advanced surgical techniques will play a significant role in the hospitals, clinics, and physician’s office segment to maintain its market position. Also, our global endoscopic clips market report looks at factors such as increase in government programs for detection of GI disorders, product launches, and growing adoption of MI techniques in developed countries. However, high costs associated with GI endoscopic procedures, produce recalls, and patient safety and concerns related to endoscopic clips may hamper the growth of the endoscopic clips industry over the forecast period.
Global Endoscopic Clips Market: Overview
Growing adoption of MI techniques in developed countries
Surgeons are increasingly adopting MI techniques to perform surgical procedures because it minimizes hospital stay, reduces cost burden on patients, and improves the surgical recovery process in patients. This is encouraging advances in MI devices such as endoscopic devices and driving the demand for demand for endoscopic clips. This demand will lead to the expansion of the global endoscopic clips market at a CAGR of almost 5% during the forecast period.
Growing focus on advances in endoscopic clips
Vendors are focusing on the development of endoscopic clips that facilitates fast and accurate placement. They are also using selective raw materials to improve the quality of endoscopic clips. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global endoscopic clips market during the forecast period 2019-2023, click here.
With the presence of several major players, the global endoscopic clips market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading endoscopic clips manufacturers, that include B. Braun Melsungen AG., Boston Scientific Corp., CONMED Corp., Johnson & Johnson Services Inc., and Olympus Corp.
Also, the endoscopic clips market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
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