The global Endoscopic Closure Systems Market 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 increasing technological innovations in medical imaging devices are attributed to the growth. The endoscopic closure system market grew at a 5.4% CAGR between 2017 and 2021.
FMI, in its business report, elaborates the historical and current scenario of the global Endoscopic Closure Systems Market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
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Crucial information and forecast statistics covered in the Endoscopic Closure Systems market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Endoscopic Closure Systems Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Endoscopic Closure Systems market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Endoscopic Closure Systems market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Endoscopic Closure Systems market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Endoscopic Closure Systems Market: Segmentation
Valuable information covered in the FMI’s Endoscopic Closure Systems market report has been segregated into key segments and sub-segments.
Endoscopic Closure Systems Market by Product Type:
- Endoscopic clips/Endoclips (Over-the-scope Clips)
- Overstitch endoscopic suturing system
- Cardiac septal defect occluders
- Endoscopic vacuum-assisted closure systems
- Others
Endoscopic Closure Systems Market by End-user:
- Endoscopic Closure Systems for Hospitals
- Endoscopic Closure Systems for Ambulatory Surgical Centers
Endoscopic Closure Systems Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Endoscopic Closure Systems market. Competitive information detailed in the Endoscopic Closure Systems market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Endoscopic Closure Systems market report.
Key players covered in the report include:
- CooperSurgical Inc.
- US Endoscopy
- Life Partners Europe,
- Ovesco Endoscopy AG
- Apollo Endosurgery, Inc.
- St. Jude Medical, Inc. (Abbott), etc.
- Others
Important Questions Answered in the Endoscopic Closure Systems Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Endoscopic Closure Systems market been expanding during the forecast period?
- How will the global Endoscopic Closure Systems market look like by the end of the forecast period?
- What innovative strategies are adopted by Endoscopic Closure Systems market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Endoscopic Closure Systems market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Endoscopic Closure Systems market
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