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
Date:9/23/2013

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 http://www.prweb.com/releases/2013/9/prweb11132830.htm.


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:1/24/2017)... ... 24, 2017 , ... Element Blue ™, a leading ... strategic partnership with Lucidworks , the company transforming the way people access ... for building powerful enterprise search applications. , Element Blue is a global team ...
(Date:1/24/2017)... ... January 24, 2017 , ... i2i Population Health, a national leader ... , “Cary’s broad financial background is an excellent fit for i2i,” ... and day-to-day financial operations skills we need to take the company to the next ...
(Date:1/24/2017)... (PRWEB) , ... January 24, 2017 , ... The ... MSC Cruises as part of the line’s 4th Annual MSC True Partnerships’ Awards. ... performing North American travel partners for the year based on overall business growth in ...
(Date:1/24/2017)... ... January 24, 2017 , ... Twelve startups ... of the 2017 Cupid's Cup Entrepreneurship Competition. Chaired by Under Armour Founder and ... The entrepreneurs will showcase their businesses on February 6, 2017, at Under Armour’s ...
(Date:1/24/2017)... ... January 24, 2017 , ... West’s Health ... annual Solutions Series of webinars will start January 31 with a session about ... of current health and benefits topics, including employee engagement, pricing transparency, population health ...
Breaking Medicine News(10 mins):
(Date:1/24/2017)... India , Jan. 24, 2017 Market Research Future has ... Market for Wound Closure Device is growing rapidly and expected to continue ... ... at a CAGR of 5% from 2013 to 2019 and reaching a ... of the forecasted period, 2016-2022 Global Wound Closure Device Market ...
(Date:1/24/2017)... Nev. , Jan. 24, 2017  The ... that specializes in high-value orthopaedic implants, announced the ... today. The OIC Tibial Nail ... tibia. Strategically placed proximal and distal screw holes ... hole that allows dynamization.  The nail is available ...
(Date:1/24/2017)... 2017 Trifecta Clinical , a leading ... Rick Ward to Vice President of Commercial ... also announcing the promotion of Ericka Atkinson ... Rick joins Trifecta from Greenphire where he was ... business development positions within the healthcare industry throughout his ...
Breaking Medicine Technology: