Navigation Links
Olympus, Ethicon, Stryker and Karl Storz Lead the Growing Canadian Endoscopic and Surgical Device Market Valued at Nearly $500 Million, Reports iData Research

Vancouver, BC (PRWEB) September 23, 2013

A recent report series published by iData Research entitled Canadian Market for Endoscopic and Surgical Devices estimates the market value at $476.4 million. The report series analyzes the various markets in depth with full segmentation for gastrointestinal endoscopy, urology, gynecology, bronchoscopy, ENT, laparoscopy, video and high-tech, energy and endoscope reprocessor markets.

Market Drivers

Changing demographics are driving this market and increasing the number of unit sales. Elderly individuals require more diagnostic and interventional procedures in general. In addition, an aging population requires more colonoscopy procedures, as it is recommended that people over the age of 50 receive regular colorectal exams.

Colon cancer is the second leading cause of cancer death in Canada, claiming the lives of 8,900 people in 2012, the report states. The stigma attached to colonoscopy is drastically reduced as more Canadians realize that having this procedure done every 5 to 10 years can greatly reduce their chances of developing cancer unnoticed. As colonoscope sales account for the majority of the overall market for GI endoscopy, continued sales growth will drive the overall market substantially.

High-tech and advanced-feature endoscopes are more expensive than conventional devices. “Manufacturers can take advantage of rising prices to increase their sales revenue,” says Dr. Kamran Zamanian, CEO of iData Research, “High-definition technology will be responsible for the trending price increases in the next three to four years.”

Fastest Growing Segments

According to the report, the fastest growing segment in the Canadian market for endoscopic and surgical devices is the electrosurgical device market. This market includes reusable ultrasonic, advanced bipolar, disposable ultrasonic, electrosurgical generators, and reprocessed electrosurgical devices. The advanced bipolar market in particular has grown substantially over the past few years due to the benefits of using an advanced bipolar device in place of hand instruments. The increasing popularity of advanced bipolar devices has overtaken the market for standard bipolar devices.

The unit growth of advanced bipolar devices has driven the market for electrosurgical generators as companies upgraded their existing generators to accommodate these new instruments. The ultrasonic market is dominated by Ethicon’s HARMONIC® product, which has shown strong growth in both units and revenue. The preference of hospitals to purchase reusable products due to capital budget restrictions imposes pressure on the disposable segment to lower the ASP. In electrosurgery, competition between leading advanced bipolar devices and disposable ultrasonic devices, as well as the introduction of bipolar ultrasonic hybrid devices, such as Olympus’s THUNDERBEAT®, will further restrict prices for disposable ultrasonic devices. Other leading companies include Stryker and Karl Storz; both are consistently the two major competitors in the Canadian insufflator device market.

iData’s global report series on Markets for Endoscopic and Surgical Devices includes the latest data, market-analyses and competitor profiles for Canada, Japan, China, India, U.S., and 15 European countries. The report includes the following markets:

  •     Hemostasis Device Market
  •     Enteral Feeding Device Market
  •     Urological Device Market
  •     Gynecological Device Market
  •     Bronchoscopy Device Market
  •     ENT Device Market
  •     Laparoscopic Device Market
  •     Video & High Tech Equipment Market
  •     Automated Endoscope Reprocessor Market
  •     Electrosurgical Device Market
  •     Surgical Endoscopy Tower Market
  •     Gastrointestinal Endoscope Market
  •     Capsule Endoscopy Market
  •     Stenting Device Market

Click here for a free summary of this research.

About iData Research

iData Research is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers global research in: Gastrointestinal devices, laparoscopy, PACS, Video, Hi-Tech and IGS plus more.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Vaginal Mesh Lawsuit Filed against Ethicon, Inc. by Wright & Schulte LLC Alleges Georgia Woman Sustained Serious Injuries Due to Use of Transvaginal Mesh
2. Vaginal Mesh Lawsuits Proceed Against Ethicon, as Bernstein Liebhard LLP Notes Order for Discovery Conferences in Federal Ethicon Litigation
3. Multiple Vaginal Mesh Lawsuits Filed Against Ethicon, Inc. on Behalf of Women Seriously Injured Allegedly Due to Vaginal Mesh Sling Defects, Reports Wright & Schulte
4. Stryker Hip Lawsuit News: Bernstein Liebhard LLP Notes Upcoming Conference in New Jersey Stryker Hip Recall Litigation
5. Stryker Hip Lawsuits Continue to Mount as Claims in New Jersey Stryker Hip Recall Litigation Approach 400, Bernstein Liebhard LLP Reports
6. Michigan-Based Stryker Corp. and Its Howmedica Osteonics Subsidiary Are Targeted in Defective Hip Implant Lawsuit
7. Stryker Hip Implant News: Rottenstein Law Group LLP Applauds Consumer Reports’ Call for Metal-on-Metal Hip Manufacturer Accountability
8. Stryker Hip Lawsuit News: Bernstein Liebhard LLP Notes Upcoming Conferences in State, Federal Stryker Hip Recall Litigations
9. The FDA Issues Class 1 Recall for Stryker’s Oasys Midline Occiput Plate Due to a Key Defect, Reports Parker Waichman LLP
10. Stryker Hip Lawsuit News: Wright & Schulte LLC Commend Mediation Plan in New Jersey Stryker Hip Replacement Lawsuits
11. Stryker Hip Lawsuit Update: Bernstein Liebhard LLP Notes Additional Progress in Stryker Hip Recall Litigation Underway in New Jersey Superior Court
Post Your Comments:
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet supplements ... that was developed to enhance the health of felines. The formula is all-natural and ... main herbs in the PawPaws Cat Kidney Support Supplement Soft Chews are ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery services, ... Mohs Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , Dr. ... skin cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern ... Laude and his M.D from the David Geffen School of Medicine at UCLA. He ... Los Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program ...
(Date:6/24/2016)... ... 2016 , ... A recent article published June 14 on E ... goes on to state that individuals are now more comfortable seeking to undergo not ... as calf and cheek reduction. The Los Angeles area medical group, Beverly Hills Physicians ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... Scientific Sessions in Dallas that it will receive two significant new grants to ... came as PHA marked its 25th anniversary by recognizing patients, medical professionals and ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016 Research and ... Market for Companion Diagnostic Tests" report to their offering. ... for Companion Diagnostics The World Market for ... personalized medicine diagnostics. Market analysis in the report includes the ... Market (In Vitro Diagnostic Kits) by Region (N. America, EU, ...
(Date:6/24/2016)... Belgium , June 24, 2016 ... today announced the appointment of Dr. Edward ... as a Non-Executive Director, effective June 23, 2016.Dr. ... Compensation and Nominations and Governance Committees.  As a ... will provide independent expertise and strategic counsel to ...
(Date:6/23/2016)... 23, 2016 Research and Markets has ... - Forecast to 2022" report to their offering. ... for the patients with kidney failure, it replaces the function ... the patient,s blood and thus the treatment helps to keep ... in balance. Increasing number of ESRD patients ...
Breaking Medicine Technology: