You can't compare lens design like that. The very nature of the smaller m43 sensor size allows such lens design on m43 lenses.
70-200 is a FF lens. Not apsc.
If u were to compare, compare with sigma 50-150/2.8 more appropriate. The best that canon (and Sony n Samsung) can do for their mirrorless, when it comes to fast Tele zoom, is to create sigma 50-150 equivalent and shave off a few mm in each dimension, nothing more revolutionary than that in terms of size.
m43 and aps-c sensors are similar in size. The reason that m43 lenses is able to shave off huge weight and size is the shortening of flange distance. The removal of that bulky mirror box has a huge impact on lens design. The old 4/3 lenses are as large as APS-C lenses, so there is zero advantage in going down the 4/3 route. But once Olympus and Panasonic introduced mirrorless bodies, their lenses started to shrink in size and weight as well. Note the EF-M 18-55 f/3.5-5.6 kit lens is comparable in size and weight to Panasonic 14-42 f/3.5-5.6 kit lens (version without electric-powered zoom operation).