Transparency Market Research (TMR) has published a new report titled, “Endoscopic Clips Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the
global endoscopic clips market was valued at US$ 355.5 Mn in 2018 and is projected to expand at a CAGR
of 7.1% from 2018 to 2026. Inclination toward minimally invasive procedures, wide usage of endoscopic
clips for hemostasis, and rise in acceptance of endoscopic clips are anticipated to boost the growth of the
global market from 2018 to 2026.
Endoscopic clips are specialized instruments. These clips are designed to achieve tissue approximation in
gastrointestinal endoscopy. These were first introduced for the sole purpose of achieving hemostasis of
gastrointestinal bleeding, especially peptic ulcer bleeding.
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Increase in Geriatric Population and Demand for Endoscopic Clips for Hemostasis
The global population is aging rapidly. According to the WHO, nearly 2 billion people will be aged 60 years
and above by 2050, accounting for around 16.7% of the global population. The population in developed
countries such as Japan, the U.S., and countries in Western Europe is aging at a faster rate. This is
attributed to better health care infrastructure and polices and adoption of techniques new endoscopic
techniques. Additionally, access to various diagnostic and treatment services has improved in these
regions in the past few years. This, in turn, has increased the life expectancy of the overall population.
The incidence and prevalence of gastrointestinal diseases (GI) such as colorectal and pancreatic cancers,
inflammatory bowels disease, and gastroesophageal reflux disease (GERD) increase with age. Several of
these conditions can be diagnosed or cured using endoscopy procedures, and some of these are minimally
invasive procedures. For example, capsule endoscopy is safe for all age groups. Bleeding