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 share, size, trends, and growth forecasts. 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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