Canada Endoscopes Market Size & Outlook, 2023-2030
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Canada endoscopes market highlights
- The Canada endoscopes market generated a revenue of USD 356.8 million in 2023 and is expected to reach USD 707.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.3% from 2024 to 2030.
- In terms of segment, flexible endoscopes market was the largest revenue generating product in 2023.
- Disposable Endoscopes is the most lucrative product segment registering the fastest growth during the forecast period.
Endoscopes market data book summary
| Market revenue in 2023 | USD 356.8 million |
| Market revenue in 2030 | USD 707.4 million |
| Growth rate | 10.3% (CAGR from 2023 to 2030) |
| Largest segment | Flexible endoscopes market |
| Fastest growing segment | Disposable Endoscopes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Endoscopes Market, Robot Assisted Endoscope Market, Disposable Endoscopes, Capsule Endoscopes Market, Flexible Endoscopes Market |
Other key industry trends
- In terms of revenue, Canada accounted for 2.4% of the global endoscopes market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. endoscopes market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 707.4 million by 2030.
Flexible endoscopes market was the largest segment with a revenue share of 49.72% in 2023. Horizon Databook has segmented the Canada endoscopes market based on rigid endoscopes market, robot assisted endoscope market, disposable endoscopes, capsule endoscopes market, flexible endoscopes market covering the revenue growth of each sub-segment from 2018 to 2030.
The surgical community in Canada recently witnessed significant advancements in endoscopy surgery, showcasing new approaches and novel procedures for treating gastrointestinal tract disorders. This development is anticipated to fuel the demand for endoscopes in Canada. The increasing preference for minimally invasive surgeries for faster recovery, enhanced precision, & accuracy, and reduced post surgery infections & complications is positively impacting market growth.
For instance, endoscopic ear surgery is gaining immense traction in Canada following its UBC Behavioral Research Ethics Board approval. Moreover, spine surgeons and neurosurgeons are increasingly adopting minimally invasive techniques for spine surgeries.
Hand-assisted endoscopy and robotic surgery are also gaining traction due to their benefits, such as faster recovery, reduced pain, minimized collateral tissue damage, and decreased post surgical infections. In addition, the growing number of physician-led medical technology innovations in niche areas, such as cardiology, pediatrics, orthopedics, and DNA analysis, is driving the demand for innovative products in the market.
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Endoscopes Market Scope
Endoscopes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hoya Corp ADR | View profile | 36571 | 20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-8347 | http://www.hoya.co.jp |
| Karl Storz | View profile | 1001-5000 | Tuttlingen, Baden-Wurttemberg, Germany, Europe | https://www.karlstorz.com/ |
| Ambu A/S ADR | View profile | 4750 | Baltorpbakken 13, Ballerup, Denmark, DK-2750 | http://www.ambu.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Steris PLC | View profile | 17100 | 5960 Heisley Road, Mentor, OH, United States, 44060 | https://www.steris-ir.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
Canada endoscopes market size, by product, 2018-2030 (US$M)
Canada Endoscopes Market Outlook Share, 2023 & 2030 (US$M)
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