Report : Canada Endoscopy Procedure Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Procedures [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], Offering [Endoscopes, ERCP Accessories, Head positioner and Endotherapy Injection Needles, Sampling Device & 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 & Tissue Scissors and Cutters, Retrieval Devices, and Others (Kits/Stents/Energy Devices/Transport Pad/Cleaning Brush/OT Lights, etc.)], Product Type (Disposable and Reusable), and End User (Hospitals and Clinics, Ambulatory Surgical Centers, Diagnostic Laboratories, and Others)
Endoscopes Segment to Lead Canada Endoscopy Procedure Market During 2022–2028
According to our latest study on "Canada Endoscopy Procedure Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Procedure Type, Offering, Product Type, and End User," the market 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% during 2022–2028. The report highlights the key factors and trends impacting the market and focuses on prominent players and their strategies.
Endoscopy is a minimally invasive procedure used many systems within the human body. 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. The Canada endoscopy procedure market trend include use of artificial intelligence (AI) in gastroenterology. Moreover, Canada endoscopy procedure market size is likely to surge by 2028 owing to technological advancements leading to provide lucative opportunity.
Cancer is a major global public health problem and the second leading cause of death in Canada. According to Globocan 2020, the incidence of stomach cancer in Canada was 3,505 in 2020, which is expected to reach 5,230 in 2040. Further, according to Statistics Canada, lung cancer is the most commonly diagnosed cancer and the leading cause of cancer death in Canada. More Canadians die of lung cancer than colorectal, pancreatic, and breast cancers combined. In 2021 alone, ~21,000 Canadians died of lung cancer.
Lung cancer incidence and mortality rates increase dramatically with age. Incidence rates peak among Canadians aged 75 to 84 years (396 per 100,000 people), while mortality rates peak among Canadians aged 85 years and older (366 per 100,000 people). Overall, the lung cancer incidence rate is 1/10 higher among men than women, and the mortality rate is almost 1/3 higher among men than women. However, for Canadians younger than 55, rates are higher among women than men. The increasing prevalence of cancer is one of the factors contributing to the growing Canada endoscopy procedure market size.
Based on offering, the Canada endoscopy procedure market is segmented into endoscopes, ERCP accessories, visualization system, head positioner and endotherapy injection needles, sampling device and device clip and electrosurgical knife, endoscopic ultrasound guided devices, guidewire, forceps, snare, irrigation/insufflation tubing systems, probes, hemostats clip, polyps traps, single-use valves, trocar sleeves and tissue scissors and cutters, retrieval devices, and others. The endoscopes segment accounted for the largest market share in 2022. However, the ERCP accessories segment accounted highest CAGR of the Canada endoscopy procedure market share. Endoscopes are minimally invasive devices and can be inserted into natural openings of the body to observe an internal organ or a tissue in detail. Endoscopic surgeries are performed for imaging procedures and minor surgeries. Endoscopy can flexibly change the angle and observe the surrounding anatomical structure through the natural human foramen. It can provide the surgeon an open visual field and an operation channel without retraction, significantly improving the surgery's quality.
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 are among the key players operating in the Canada endoscopy procedure market.
The report segments the Canada endoscopy procedure market as follows:
The Canada endoscopy procedure market is segmented on the basis of procedure type, offering, product type, and end user. Based on procedure, the 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. Based on offering, the market is segmented into endoscopes, ERCP accessories, visualization system, head positioner and endotherapy injection needles, sampling device and device clip and electrosurgical knife, endoscopic ultrasound guided devices, guidewire, forceps, snare, irrigation/insufflation tubing systems, probes, hemostats clip, polyps traps, single-use valves, trocar sleeves and tissue scissors and cutters, retrieval devices, and others. Based on product type, the market is segmented into disposable and reusable. Based on end user, the market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic laboratories, and others.
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