Market Insights Health Medical Technology Medical Devices

Endoscopic Devices - Canada

Canada

The projected revenue in the Endoscopic Devices market market in Canada is expected to reach US$0.60bn by 2024.
This indicates a significant growth potential for the market in the country.
Furthermore, it is anticipated that the revenue will continue to grow at an annual growth rate (CAGR 2024-2028) of 6.44%, resulting in a market volume of US$0.77bn by 2028.
When compared globally, it is noteworthy that the United States will generate the highest revenue in the market, reaching a staggering US$10,160.00m in 2024.
This highlights the dominant position of the United States in the global Endoscopic Devices market market.
Canada is experiencing a growing demand for advanced endoscopic devices, driven by the country's well-established healthcare system and the increasing prevalence of minimally invasive surgical procedures.

Key regions: Spain, China, Netherlands, France, Japan

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Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.