The Canada endoscopy procedure market size is expected to grow from US$ 1,928.43 million in 2022 to US$ 2,836.36 million by 2028; it is estimated to register a CAGR of 6.6% from 2022 to 2028.
Growing preference for minimally invasive surgeries and increasing prevalence of cancer are among the factors contributing to the growing Canada endoscopy procedure market size. The Canada endoscopy procedure market trend includes the use of artificial intelligence (AI) in gastroenterology.
Endoscopy is a minimally invasive procedure used to examine a person's digestive tract through the mouth, anus, or in small incisions. The procedure uses an endoscope, a flexible tube with a light and camera attached. Most endoscopes are thin tubes with powerful light and a tiny camera at the end. Endoscopy helps diagnose body parts such as the esophagus, stomach, colon, ears, nose, throat, heart, urinary tract, and abdomen.
Technological Advancements Leading to Enhanced Applications
The field of endoscopy in Canada has witnessed various technological advancements and product launches. Such advancements are not only expected to help in the accurate diagnosis of a condition but also will help improve the safety of endoscopic procedures. Some recent technological advancements and product launches are listed below:
In April 2021, Ambu Inc. received Health Canada authorization for the aScope 4 Cysto, the company's unique flexible cystoscope platform for urology. Ambu's aScope 4 Cysto is a cost-effective, high-quality flexible endoscope featuring excellent maneuverability and optics. Unlike traditional reusable endoscopes, single-use eliminates the significant capital, repair, and cleaning costs required to ensure a patient-ready instrument for every procedure.
In December 2021, Medtronic Canada ULC, a subsidiary of Medtronic plc, received a Health Canada license for the Hugo robotic-assisted surgery (RAS) system for use in urologic and gynecologic laparoscopic surgical procedures, which make up about half of all robotic procedures performed in Canada. A modular, multi-quadrant platform indicated for urologic surgical procedures and gynecologic laparoscopic surgical procedures, the Hugo RAS system combines wristed instruments, 3D visualization, and a cloud-based surgical video capture option in Touch Surgery Enterprise with dedicated support teams specializing in robotics program optimization, service, and training.
In November 2022, PENTAX Medical launched the new Performance Endoscopic Ultrasound (EUS) system, a combination of the new ARIETTA 65 PX ultrasound scanner and their best-in-class J10 Series Ultrasound Gastroscopes in Canada. The ARIETTA 65 PX Performance ultrasound scanner is built for the endoscopic ultrasound practitioner focused on productivity. The system delivers brilliant imaging and value through its combination with the J10 Series Ultrasound Gastroscopes to efficiently manage high case volumes with ease.
Thus, Canada endoscopy procedure market size is likely to surge by 2028 owing to technological advancements leading to enhanced applications over the forecast period.
Procedure-Based Insights
Based on procedure, the Canada endoscopy procedure market is segmented into endoscopic retrograde cholangiopancreatography (ERCP), endoscopic submucosal dissection (ESD), peroral endoscopic myotomy (POEM), endoscopic ultrasound (EUS), interventional pulmonology and laparoscopy, arthroscopy and bronchoscopy, colonoscopy and colposcopy, proctoscopy and thoracoscopy, and others. In 2022, the arthroscopy and bronchoscopy segment held the largest market share of the market. The endoscopic retrograde cholangiopancreatography (ERCP) segment is expected to grow the fastest in the coming years.
Offering-Based Insights
Based on offering, the Canada endoscopy procedure market is segmented into endoscopes, ERCP accessories, head positioner and endotherapy injection needles, sampling device and device clip and electrosurgical knife, endoscopic ultrasound (EUS) guided devices, guidewire, forceps, snare, irrigation/insufflation tubing systems, probes, hemostasis clip, polyp traps, single-use valves, trocar sleeves and tissue scissors and cutters, retrieval devices, and others (kits/stents/energy devices/ transport pad/cleaning brush/OT lights, etc.). In 2022, the endoscopes segment held the largest share of the market. The ERCP Accessories segment is expected to grow at the fastest rate in the coming years.
Product Type-Based Insights
By product type, the Canada endoscopy procedure market is bifurcated into disposable and reusable. The reusable segment accounted for the largest market share in 2022. However, the disposable segment accounted highest CAGR of the Canada endoscopy procedure market share.
End User-Based Insights
Based on end user, the Canada endoscopy procedure market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic laboratories, and others. The hospitals and clinics segment accounted for the largest market share in 2022. However, the diagnostic laboratories segment accounted highest CAGR of the Canada endoscopy procedure market share.
A few of the major primary and secondary sources referred to while preparing the report on the Canada endoscopy procedure market are the Canadian Association of Gastroenterology and National Institute of Diabetes and Digestive and Kidney Diseases, among others.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Steris Plc
- Conmed Corp
- Olympus Corp
- Boston Scientific Corp
- PENTAX Medical
- Erbe Elektromedizin GmbH
- Micro-Tech Nanjing Co Ltd
- Merit Medical Systems Inc
- Cook Medical LLC
- Stryker Corp
- Johnson & Johnson
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | April 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1928.43 million |
| Forecasted Market Value ( USD | $ 2836.36 million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Canada |
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About the Surgical Endoscopy Market
Surgical endoscopy is a minimally invasive medical procedure that uses an endoscope, a long, thin, flexible tube with a light and camera at the end, to view and operate on the inside of the body. It is used to diagnose and treat a variety of conditions, including cancer, gastrointestinal disorders, and reproductive issues. Endoscopy is often used in combination with other surgical techniques, such as laparoscopy, to provide a more comprehensive view of the body. Surgical endoscopy is a rapidly Read more
