Canada Endoscopes Market Size & Outlook, 2024-2030
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Canada endoscopes market highlights
- The Canada endoscopes market generated a revenue of USD 561.6 million in 2023 and is expected to reach USD 921.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, endoscopes was the largest revenue generating product in 2023.
- 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 561.6 million |
| Market revenue in 2030 | USD 921.8 million |
| Growth rate | 7.4% (CAGR from 2024 to 2030) |
| Largest segment | Endoscopes |
| Fastest growing segment | Endoscopes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Endoscopes |
| Key market players worldwide | Olympus Corp, Boston Scientific Corp, Hoya Corp ADR, FUJIFILM Holdings Corp, Karl Storz, Stryker Corp, Medtronic PLC, Ambu A/S ADR, Steris PLC |
Other key industry trends
- In terms of revenue, Canada accounted for 2.3% 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 921.8 million by 2030.
Endoscopes was the largest segment with a revenue share of 106.71% in 2023. Horizon Databook has segmented the Canada endoscopes market based on endoscopes 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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