Global endoscopic closure devices market to grow by $825.7m by 2029

Its expansion is attributed to the rising prevalence of gastrointestinal conditions.

The global endoscopic closure devices market is projected to rise by $825.7m by 2029 at a compound annual growth rate of almost 8%, said Technavio.

The sector’s expansion is attributed to the rising prevalence of gastrointestinal conditions such as inflammation, neoplastic fistulae, and perforations.

“endoscopic closure systems, including endoscopic clips, suturing systems, and bio-absorbable plugs, offer non-surgical alternatives for wound closure in cases of leaks, fistulas, perforations, abscesses, and arterial bleeding,” the report said.

Their application extends to endoscopic procedures for cardiac patients and treatments in ambulatory care centres, contributing to shorter hospital stays and fewer post-operative complications.

The market is also driven by technological developments such as robotic systems, artificial intelligence, and nanotechnology.

Meanwhile, advanced imaging, tissue granulation, and vacuum technology are considerations in improving patient outcomes.