The global endoscopic closure systems market size is expected to be worth US$ 294.4 million in 2022, with a CAGR of 6.3% to reach US$ 579.4 million by 2032. The rising technological developments in medical imaging technologies are contributed to the growth. The endoscopic closure system market grew at a 5.4% CAGR between 2017 and 2021.
Non-surgical closure is required for several gastrointestinal (GI) problems such as inflammation, surgical anastomoses, neoplastic fistulae, and so on. To close such minor GI perforations, endoscopic closure techniques are used. After natural orifice translumenal endoscopic surgery, closure is also required.
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Several endoscopic closure systems have been developed and used to allow the closure of various GI wall abnormalities. The ideal endoscopic closure system, according to the American Society for Gastrointestinal Endoscopy, should be inexpensive, safe, and simple to use, and should deliver rapid, dependable, durable, and robust closure.
Some of the examples of popular endoscopic closure system brands are Padlock Clip, Carter-Thomason CloseSure System, OTSC Proctology, Amplatzer Septal Occluder (used off-label), etc. However, these devices sometimes provide inadequate and unreliable solution and thus there is an urgent need for reliable and robust endoscopic closure systems that can be used for closure of mural and spontaneous iatrogenic defects.
Endoscopic Closure Systems Market: Drivers and Restraints
Increasing need and interest for development of dedicated devices and techniques that enable the endoscopic closure of small GI perforations and increasing adoption of minimally invasive endoscopic procedures are the primary factors driving the growth of global endoscopic closure systems market.
Number of endoscopic closure systems are being developed and tested in animal models for e.g. Bioabsorbable plugs being developed by W.L. Gore and Associates, Mucosal clips being developed by Boston Scientific Inc., Endoloops under development by Olympus Corporation etc. among others.
Moreover, availability of these devices in various sizes would increase the demand for endoscopic closure systems over time. However, only few devices are available for use in human and majority of them possess some deficiencies, which limits the widespread use of currently available endoscopic closure systems.
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Endoscopic Closure Systems Market: Overview
Several innovative devices present safe and durable endoscopic closure systems for acute and chronic GI defects. However, their efficiency in closure of acute closure is poor and need to be improved. Out of currently available endoscopic closure systems endoclips segment is expected to contribute highest volume share in the global market.
Endoscopic vacuum assisted closure system is expected to witness robust CAGR owing to high adoption by endoscopic surgeons. Endoscopic vacuum-assisted wound closure system provides perfect wound drainage and closure of various kinds of defect and promotes tissue granulation. Among two end users of endoscopic closure systems hospitals end user segment is expected to lead the global market due to high patient volume.
Endoscopic Closure Systems Market: Regional Outlook
Geographically, global endoscopic closure systems market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America clearly dominates the global endoscopic closure systems market. Over-the-scope clips and Overstitch systems are currently being used in the US, Europe is expected to be the second largest market for endoscopic closure systems as large number of global medical devices players are involved in development of innovative endoscope closure systems.
Endoscopic Closure Systems Market
Key Players
Some of the players identified in global endoscopic closure systems market include CooperSurgical Inc., US Endoscopy, Life Partners Europe, Ovesco Endoscopy AG, Apollo Endosurgery, Inc., St. Jude Medical, Inc. (Abbott), etc. among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Endoscopic Closure Systems Market: Segmentation
Tentatively, global endoscopic closure systems market has been segmented on the basis of product type, end user, and geography
Based on product type, global endoscopic closure systems market is segmented as below:
- Endoscopic clips/Endoclips (Over-the-scope Clips)
- Overstitch endoscopic suturing system
- Cardiac septal defect occluders
- Endoscopic vacuum assisted closure systems
- Others
Based on end user, global medical physics market is segmented as below:
- Hospitals
- Ambulatory Surgical Centers
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