Global Endoscopic Closure Systems Market

Report ID : 1446 | Published : 2022-11-15 | Pages: | Format: PDF/EXCEL

The market size of the Global Endoscopic Closure Systems Market in the year 2021 is valued at 646.28 million and is predicted to reach 1220.36 million by the year 2030 at an 7.51% CAGR during the forecast period.

Endoscopic closure systems are likely to transform the industry because of their advantages over previously available methods. The rising global prevalence of gastrointestinal and stomach cancer is expected to impact the market significantly. As the elderly population grows, the market is likely to expand dramatically. Endoscopic surgery is becoming more popular because it employs advanced technology to access inside organs through small incisions, resulting in less discomfort and faster recovery than traditional surgical procedures. These key factors are expected to drive demand for endoscopic closure systems. Endoscopic closure devices are in great need due to increased diagnostic endoscopy treatments and surgery. The market is driven by rising GI illness prevalence and technical advancements to produce novel endoscopic closure techniques.

Furthermore, the growing number of diagnostic and therapeutic endoscopic operations, such as EMR, ESD, and full-thickness excision of subepithelial cancers, is driving demand for endoscopic closure systems. The market's expansion is hampered by a need for more qualified staff with experience performing endoscopic procedures.

Market Segmentation:

The endoscopic closure systems market is segmented on the product, distributional channel and end-use. Based on product, the endoscopic closure systems market is divided into endoscopic clips/end clips (over-the-scope clips), overstitch endoscopic suturing systems, endoscopic vacuum-assisted closure systems and other products. The endoscopic closure systems market is segmented directly and indirectly based on the distributional channel. Based on end-use, the market is divided into hospitals, clinics and ambulatory surgery centers.

Based on the product, the endoscopic vacuum-assisted closure system segment is accounted as a major contributor to the endoscopic closure systems market.

The endoscopic vacuum-assisted closure system segment is expected to hold a substantial share of the market during the forecast period. Endoscopic closure devices are in great demand due to increased diagnostic endoscopy treatments and surgery. The market is driven by rising GI illness prevalence and technical advancements to produce novel endoscopic closure techniques. Furthermore, the growing number of diagnostic and therapeutic endoscopic operations, such as EMR, ESD, and full-thickness excision of subepithelial cancers, is driving demand for endoscopic closure systems.

The hospital segment witnessed growth at a rapid rate.

Hospitals grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the expected time. It is due to patients' increased product preference for chronic disease treatment. Furthermore, good infrastructure and reimbursement policies boost segment expansion. Moreover, hospitals execute a high number of surgeries and are regarded as the primary healthcare system in the majority of countries. Compared to other healthcare systems, hospitals perform the greatest number of surgeries, boosting segment growth.

The North American endoscopic closure systems market holds a significant regional revenue share.

The North American endoscopic closure systems market is expected to register the highest market share in revenue shortly. The increasing prevalence and incidences of chronic diseases, the growing geriatric population, the availability of reimbursement for endoscopic procedures, and the growing presence of prominent vendors will all contribute to the growth of the endoscopic closure devices market in North America over the forecast period. In addition, Asia Pacific is projected to grow rapidly in the global Endoscopic closure systems market. Rising gastrointestinal disease prevalence, increased government funding for healthcare expansion, and well-developed technologies are significant drivers of the sector. These countries contribute to the growth of the healthcare industry. Furthermore, increased cancer and gastrointestinal disorders patients in developed countries would quickly raise demand for new detection and treatment types, leading to increased economic growth.

Competitive Landscape

Some major key players in the Endoscopic closure systems market are Coopersurgical, Inc. (The Cooper Companies Inc.), Steris, Apollo Endosurgery, Inc., Boston Scientific Corporation, Ovesco Endoscopy Ag, Abbott, Medtronic, Olympus Corporation, Teleflex Incorporated, B. Braun Melsungen Ag.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Endoscopic Closure Systems Market Snapshot

Chapter 4. Global Endoscopic Closure Systems Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

5.2.1. Endoscopic Clips/Endoclips (over-the-scope Clips)

5.2.2. Overstitch Endoscopic Suturing System

5.2.3. Endoscopic Vacuum Assisted Closure System

5.2.4. Other Products

Chapter 6. Market Segmentation 2: by Distribution Channel Estimates & Trend Analysis

6.1. by Distribution Channel & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Distribution Channel:

6.2.1. Direct

6.2.2. Indirect

Chapter 7. Market Segmentation 3: by End-use Estimates & Trend Analysis

7.1. by End-use & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End-use:

7.2.1. Hospitals

7.2.2. Clinics

7.2.3. Ambulatory Surgery Centers

Chapter 8. Endoscopic Closure Systems Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Endoscopic Closure Systems Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2022-2030

8.1.2. North America Endoscopic Closure Systems Market Revenue (US$ Million) Estimates and Forecasts by Distribution Channel, 2022-2030

8.1.3. North America Endoscopic Closure Systems Market revenue (US$ Million) by End-use, 2022-2030

8.1.4. North America Endoscopic Closure Systems Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

8.2. Europe

8.2.1. Europe Endoscopic Closure Systems Market revenue (US$ Million) by Product Type, 2022-2030

8.2.2. Europe Endoscopic Closure Systems Market revenue (US$ Million) by Distribution Channel, 2022-2030

8.2.3. Europe Endoscopic Closure Systems Market revenue (US$ Million) by End-use, 2022-2030

8.2.4. Europe Endoscopic Closure Systems Market revenue (US$ Million) by country, 2022-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Endoscopic Closure Systems Market revenue (US$ Million) by Product Type, 2022-2030

8.3.2. Asia Pacific Endoscopic Closure Systems Market revenue (US$ Million) by Distribution Channel, 2022-2030

8.3.3. Asia-Pacific Endoscopic Closure Systems Market revenue (US$ Million) by End-use, 2022-2030

8.3.4. Asia Pacific Endoscopic Closure Systems Market revenue (US$ Million) by country, 2022-2030

8.4. Latin America

8.4.1. Latin America Endoscopic Closure Systems Market revenue (US$ Million) by Product Type, 2022-2030

8.4.2. Latin America Endoscopic Closure Systems Market revenue (US$ Million) by Distribution Channel, 2022-2030

8.4.3. Latin America Endoscopic Closure Systems Market revenue (US$ Million) by End-use, 2022-2030

8.4.4. Latin America Endoscopic Closure Systems Market revenue (US$ Million) by country, 2022-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Endoscopic Closure Systems Market revenue (US$ Million) by Product Type, 2022-2030

8.5.2. Middle East & Africa Endoscopic Closure Systems Market revenue (US$ Million) by Distribution Channel, 2022-2030

8.5.3. Middle East & Africa Endoscopic Closure Systems Market revenue (US$ Million) by End-use, 2022-2030

8.5.4. Middle East & Africa Endoscopic Closure Systems Market revenue (US$ Million) by country, 2022-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Coopersurgical, Inc. (The Cooper Companies Inc.)

9.2.2. Steris

9.2.3. Apollo Endosurgery, Inc.

9.2.4. Boston Scientific Corporation

9.2.5. Ovesco Endoscopy Ag

9.2.6. Abbott

9.2.7. Medtronic

9.2.8. Olympus Corporation

9.2.9. Teleflex Incorporated

9.2.10. B. Braun Melsungen Ag

9.2.11. Other Prominent Players

By Product-

  • Endoscopic Clips/Endoclips (over-the-scope Clips)
  • Overstitch Endoscopic Suturing System
  • Endoscopic Vacuum Assisted Closure System
  • Other Products

By Distribution Channel

  • Direct
  • Indirect

By End-use

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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