Canada Endoscopy Procedure Market is expected to reach US$ 2,836.36 million by 2028

Publisher: The Insight Partners

Arthroscopy and Bronchoscopy Segment to Lead Market from 2022 to 2028

According to our new research 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 Canada endoscopy procedure 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.

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. 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. Moreover, Canada endoscopy procedure market size is likely to surge by 2028 owing to technological advancements leading to enhanced applications.

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. The arthroscopy and bronchoscopy segment accounted for the largest market share in 2022. However, the endoscopic retrograde cholangiopancreatography (ERCP) segment accounted highest CAGR of the Canada endoscopy procedure market share. Arthroscopy is a minimally invasive endoscopic method for the diagnosis and surgical treatment of joint injuries. Arthroscope is inserted into the joint cavity through 2 small incisions, which allows one to fully examine the joint, obtain information about its condition, and identify the presence of intra-articular damage. Arthroscopy allows arthroscopic treatment of injuries of the knee joint. This technique allows one to remove the damaged part of the meniscus, restore ligaments and damaged cartilage, and perform many other surgical interventions. Bronchoscopy is an endoscopic method for examining the upper and lower (trachea, bronchi) respiratory tract using a bronchoscope. Bronchoscopy allows one to examine the bronchial mucosa, identify pathological changes in the lungs and bronchi, diagnose cancer early, remove a foreign body from the bronchi and trachea, and take samples for biopsy. Bronchoscopy is also the most important and effective method of treating patients with chronic inflammatory and purulent lung diseases.

Impact of COVID-19 Pandemic on Canada Endoscopy Procedure Market

Being an upper and lower respiratory infection transmitted primarily through respiratory droplets, COVID-19 challenged the safe provision of bronchoscopy during the pandemic. The COVID-19 pandemic has had a profound impact on the endoscopy department, characterized by a consistent reduction of upper and lower GI procedures and a more modest reduction of ERCPs. Cancellation of elective and emergent endoscopy in IBD care during the pandemic was common. Endoscopic procedures were mostly carried out in emergencies during the pandemic.  As a result of the COVID-19 outbreak, endoscopic procedure market growth was moderately affected. The decrease in surgical procedures resulting from the disease also slowed product adoption. The shortage of medical staff during the COVID-19 pandemic also led to the adoption of single-use devices due to increased infection risks associated with cleaning endoscopes. With COVID-19's gradual departure, the demand for single-use endoscopes increased due to their safety and the elimination of infection risks.

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, and Johnson & Johnson are among the leading companies operating in the Canada endoscopy procedure market.

The report segments the Canada endoscopy procedure market as follows:

The Canada endoscopy procedure market is segmented based on 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 & endotherapy injection needles, sampling device & 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 & 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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