Product Description
In 2020, the Canadian endoscope market size was valued at $63.8 million, including the urological endoscope market valued at $45 million. The total market size is expected to increase at a compound annual growth rate (CAGR) of 2.8% to reach $77.6 million in 2026.
Throughout this medical market research, we analyzed 13 endoscope companies across Canada and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts.
While this MedSuite report contains all the Canadian endoscope market data and analysis, each of the market segments is also available as stand-alone MedCore reports. This allows you to get access to only the market research that you need.
Data Types Included
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2026, and Historical Data to 2016
- Market Drivers & Limiters for Each Endoscope Market
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
Market Value and Industry Trends
One of the most recent innovations in the urological device market was the inception of the single-use flexible ureteroscope market, with the launch of Boston Scientific’s LithoVue™ in 2016. Due to the single-use nature of the device, the costly process of reprocessing and sterilization is eliminated. If single-use devices are developed for other urological endoscopes, unit sales could potentially grow exponentially.
Recently, there has been a trend in Canada where ENT procedures are more commonly being performed in office settings. The increase in office procedures has led to an increase in the number of units sold, as physicians need to purchase the equipment required to perform the procedures. This trend towards office procedures is driving the overall ENT endoscopic device market.
The Canadian healthcare system is limited by government spending on healthcare. Since the majority of the system operates in the public space, provincial healthcare budgets dictate the market. This results in a hesitance to invest in new, more expensive technologies and generally reduces unit sales of capital equipment.
Competitive Analysis
By 2020, Olympus was the leading competitor in the Canadian endoscope market. Olympus has played a crucial role in the advancement of endoscopy and the urological market as a whole. The company has a direct presence in Canada, which helps the company maintain its strong position. In addition, Olympus has strong brand recognition in all things endoscopy, including other therapeutic areas, such as gynecology.
Karl Storz was the second-leading competitor in the Canadian endoscope market. Having originally been founded to produce ENT instruments, in 1945, the company has since become a major global player in the overall endoscopy market. Karl Storz’s longstanding history and available product portfolios place it in a good position to leverage its internal strengths by bundling endoscope sales with instrument kits, maintaining its market share in both areas.
Stryker held the third-leading position in the Canadian endoscope market by 2020, due to the company’s second-leading position in the laparoscope market. Stryker offers a wide range of laparoscopes under its IDEAL EYES brand, including 5 mm and 10 mm diameters, with 0°, 30° and 45° viewing angles. The company also offers a 2.7 mm pediatric laparoscope with 0° and 30° options.
Segments Covered
Feel free to click on each title to view detailed market segmentation.
- Cystoscope Market – MedCore – The market analysis is further broken down into Rigid and Flexible devices.
- Ureteroscope Market – MedCore – The market is comprised of the segments broken down by Device Type into Semi-rigid and Flexible (Fiber, Video and Single-use) devices.
- Resectoscope Market – MedCore – The In-depth analysis of the Resectoscope device market.
- Nephroscope Market – MedCore –The In-depth analysis of the Nephroscope device market.
- ENT Endoscope Market – MedCore – The chapter is further broken down by Device Type into Rigid (Rhinoscope/Sinuscopes, Laryngoscopes, and Otoscopes) and Flexible (Fiber and Video Rhinolaryngoscopes) devices.
- Laparoscope Market – MedCore – The market is further broken down into segments by Device Type into Rigid and Video devices, and by Function into Diagnostic and Operating devices.
Detailed Market Segmentation
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