Endoscopic Clips Market Size

Endoscopic Clips Market size was over USD 403.56 Million in 2023 and is expected to exceed USD 882.12 Million by the end of 2036, witnessing over 6.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of endoscopic clips is evaluated at USD 426.08 Million. The growth of the market can be attributed to the rising prevalence of gastrointestinal bleeding disorders among the population globally. Moreover, the rising gastrointestinal bleeding cases is projected to increase the adoption rate of endoscopic clips in the process of treatment. According to estimates, approximately 80 to 180 out of 100,000 people get upper gastrointestinal bleeding (UGIB) each year in the United Kingdom. The estimated death rates range from 2 to 15%. Furthermore, the increasing use of anti-inflammatory drugs, alcohol consumption, high levels of stomach acid, and the formation of ulcers or sores are the leading causes of gastrointestinal bleeding.

 An endoscopic clip is a device that is used in achieving tissue approximation and treating diseases, such as gastric ulcers which always result in gastrointestinal bleeding. Furthermore, technological advancement in medical imaging devices is expected to boost the market growth. The high investment in the healthcare segment is bolstering the adoption of endoscopic clips for efficient and effective results. For instance, Sedasys, a division of Ethicon Endo-Surgery, Inc. (Ethicon), announced that the FDA has given PMA approval for the SEDASYS System, the first computer-assisted personalized sedation (CAPS) system. To avoid misdiagnosis of gastrointestinal disorders, advancement in the light endoscopy is required. The introduction of high-definition endoscopy helped detect abnormalities such as neoplastic, preneoplastic, and inflammation situations.