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Ligation clips are a rapidly expanding segment and are increasingly being utilized by doctors in Europe. Although ligation clips are less expensive than electrosurgical probes, multiple clips are used in each procedure, thereby increasing the value of the hemostasis market through high growth in unit sales.
“An increase in the number of upper GI screenings is also contributing to this growth, as ligation bands are well-suited for treating esophageal varices,” explains Dr. Kamran Zamanian, CEO of iData. “Another contributing factor to the growth of the ligation band market is their relative ease-of-use and lack of complications compared to similar procedures.”
Ligation bands offer a relatively faster elimination of varices, as well as significantly lower re-bleeding rates. Additionally, ligation clips can be used in combination therapy with sclerotherapy needles, aiding the sclerotherapy needle segment growth, as physicians are opting to use the devices in conjunction to ensure a successful procedure. Since physicians and patients would like to mitigate the chances of a second treatment being necessary, more of these combination therapies will be undertaken. This will drive increasing unit sales in the market, contributing to overall market growth.
Other key findings from the latest edition of the iData Research report entitled European Markets for Gastrointestinal Endoscopic Devices:
Spain and Italy continue to experience very high growth rates, as those nations’ acceptance rates per capita grows. Spanish and Beneluxian doctors have only recently started embracing the technology. Whereas the German market is experiencing the least growth, since ligation clips have already been established in the region. However, due to the increase in popularity of clips as well as the increase in the incidences of diseases such as cirrhosis, the market is still expected to increase across Europe.
Boston Scientific is expected to retain its market share, and is doing well in the rapidly expanding ligation clip market. The company has a vast network of distributors, and its products are offered in a majority of medical facilities across Europe. Although this company’s products have a higher selling price than most of its competitors, its products are preferred by hospitals and surgeons alike.
For Further Information
More on the markets for gastrointestinal endoscopic devices in Europe can be found in this latest edition report published by iData entitled European Markets for Gastrointestinal Endoscopic Devices, which covers 15 countries in Europe, as well as sub-segments for gastrointestinal endoscopes, capsule endoscopy, stenting devices, dilation devices, endoscopic retrograde cholangiopancre atography devices, biopsy forceps, polypectomy, hemostasis devices, and enteral feeding devices.
The iData series on the market for gastrointestinal endoscopic devices also covers the U.S., India, China, Japan, Canada, and Brazil. Full reports provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.
Register online or email us at [email protected] for a European Markets for Gastrointestinal Endoscopic Devices report brochure and synopsis.
About Procedure Tracker
Procedure number data is available from iData’s Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by State, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research.
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