Endoscopic Clips Market Segmentation:
Application Segment Analysis
The global endoscopic clips market is segmented and analyzed for demand and supply by application into endoscopic marking, and hemostasis. Out of these, the hemostasis segment is expected to garner the highest market share. Hemostasis clips are applied to prevent gastrointestinal bleeding in the stomach. Additionally, these clips are used to cure bleeding ulcers after polyp surgery. Moreover, the increasing number of gastrointestinal disorders is projected to drive the segment’s growth, as per the market analysis. The hemostasis clip is mostly used to stop blood flow after the removal of small outgrowths, which are called polyps. The rising cases of colon cancer, colonic polyps, Crohn’s disease, and ulcerative colitis are increasing the adoption of these clips in the treatment procedure. Severe gastric bleeding may even lead to death in cases of negligence. As per the reported data, polyps are seen in more than 12% to 18% of the population across the world.
End-user Segment Analysis
The global endoscopic clips market is also segmented and analyzed for demand and supply by end-user into hospitals, ambulatory surgical centers, and clinics. Amongst these segments, the hospitals segmented are anticipated to garner the largest revenue owing to the growing preference for minimally invasive surgery. Also, development of advanced surgical procedures by research institutes is also expected to boost segment growth. The University of Pittsburgh has built one-of-a-kind high-tech research, training, and innovation center for industry partners focused on developing surgical methods. The center will collaborate closely with businesses to address their problems and enhance minimally invasive surgical techniques across disciplines. Moreover, the minimally invasive treatment is painless and does not require any surgery such as invasive methods. The recovery time is also reduced drastically, as there are no incisions or stitches that need constant care. Also, the after-complications are very low compared to conventional methods.
Our in-depth analysis of the global market includes the following segments:
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By End-User |
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