The Reports and Insights, a leading market research company, has recently releases report titled “Endoscopic Closure Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Endoscopic Closure Systems Market Forecast share, size, trends, and growth. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Endoscopic Closure Systems Market?
The endoscopic closure systems market size reached US$ 304.6 Million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 444.9 Million by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
What are Endoscopic Closure Systems?
Endoscopic closure systems are medical tools employed during endoscopic procedures to seal incisions or perforations within the gastrointestinal tract. These systems usually comprise a delivery device and closure mechanism, such as clips or sutures, utilized to secure the wound. By preventing complications like bleeding or infection, endoscopic closure systems aid in the healing process. They are frequently employed in procedures like endoscopic mucosal resection (EMR) and endoscopic submucosal dissection (ESD) to guarantee the procedure's safety and efficacy.
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What are the growth prospects and trends in the Endoscopic Closure Systems industry?
The endoscopic closure systems market growth is driven by various factors. The endoscopic closure systems market is experiencing substantial growth due to the increasing global prevalence of gastrointestinal disorders and a rising number of endoscopic procedures. These systems are essential for ensuring procedure safety and effectiveness by enabling the closure of gastrointestinal tract incisions or perforations. Moreover, technological advancements that result in the creation of more sophisticated and user-friendly closure systems are driving market expansion. The market is also impacted by the growing preference for minimally invasive procedures and the escalating demand for enhanced patient outcomes. Hence, all these factors contribute to endoscopic closure systems market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
- Trocar Closure Devices
- Clip Appliers
- Suturing Devices
- Ligating Loop Appliers
- Hemostasis Devices
- Others
By Application:
- Gastrointestinal Surgeries
- Cardiovascular Surgeries
- Gynecological Surgeries
- Urological Surgeries
- Orthopedic Surgeries
- Others
By End-User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Academic and Research Institutes
By Technology:
- Mechanical Closure Systems
- Absorbable Closure Systems
- Barbed Closure Systems
- Adhesive Closure Systems
Segmentation By Region:
North America:
- United States
- Canada
Asia Pacific:
- China
- India
- Japan
- Australia New Zealand
- Association of Southeast Asian Nations (ASEAN)
- Rest of Asia Pacific
Europe:
- Germany
- The U.K.
- France
- Spain
- Italy
- Russia
- Poland
- BENELUX (Belgium, the Netherlands, Luxembourg)
- NORDIC (Norway, Sweden, Finland, Denmark)
- Rest of Europe
Latin America:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
The Middle East Africa:
- Saudi Arabia
- United Arab Emirates
- South Africa
- Egypt
- Israel
- Rest of MEA (Middle East Africa)
Who are the key players operating in the industry?
The report covers the major market players including:
- Medtronic
- Ethicon (Johnson Johnson)
- Boston Scientific
- Olympus Corporation
- Teleflex Incorporated
- CONMED Corporation
- Applied Medical Resources Corporation
- Meril Life Sciences
- Frankenman Medical Equipment Co., Ltd.
- Braun Melsungen AG
- Apollo Endosurgery, Inc.
- EndoChoice Holdings, Inc. (now part of Boston Scientific)
- Grena Ltd.
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