Canada Surgical Devices Market Overview
According to SPER Market Research, the Canada Surgical Devices Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
Surgical devices are specialized instruments and tools used in surgical procedures to perform various functions. They are designed to be precise, durable, and safe for use in surgical procedures. These devices can be broadly classified into several categories based on their function and application. Cutting and dissecting devices are used to make incisions, remove tissue, and perform surgical dissections. Grasping and holding devices are used to grasp and hold tissues and organs during surgery. Suturing and stapling devices are used to close incisions and wounds, while probing and dilating devices are used to access and explore internal organs and tissues. Endoscopes and cameras are used to visualize the inside of the body during minimally invasive surgical procedures. Surgical devices are essential components of modern surgical procedures, and their continued development and improvement have contributed to advancements in the field of surgery.
Exploring the Growth Drivers of the Canada Surgical Devices Industry.
The Canada surgical devices market is poised for significant growth in the near future due to a variety of factors. One of the main drivers of the market is the increasing demand for minimally invasive surgical procedures. Such procedures have become popular among patients and surgeons alike because they carry a lower risk of complications, shorter hospital stays, and faster recovery times. In addition, the aging population in Canada is driving demand for surgical devices, as older individuals are more likely to require surgical procedures for chronic conditions and age-related illnesses. Technological advancements in surgical devices are also fueling market growth. Newer devices are more precise, efficient, and safe, leading to better outcomes for patients and surgeons. Furthermore, the prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases in Canada is driving demand for surgical procedures and surgical devices. Government initiatives to promote the adoption of advanced surgical devices in healthcare facilities are yet another factor contributing to the growth of the market. With all of these factors at play, the Canada surgical devices market is expected to grow rapidly in the coming years as the demand for surgical procedures and devices continues to increase.
What challenges does the Canada Surgical Devices Market face?
The Canada surgical devices market faces several challenges that may impede its growth in the coming years. One of the main challenges is the high cost of surgical devices, which can make them unaffordable for some patients and healthcare facilities, limiting the adoption of advanced surgical devices and slowing down the market's growth. Another challenge is the complex regulatory environment governing the approval and sale of surgical devices, requiring manufacturers to comply with various regulations and standards to sell their devices in Canada, which can be time-consuming and costly. The shortage of skilled healthcare professionals in Canada is also a challenge for the surgical devices market, limiting the adoption of advanced devices and slowing down the market's growth.
In what ways has the COVID-19 pandemic affected Canada Surgical Devices Market?
The COVID-19 pandemic has had a significant impact on the Canada surgical devices market. The postponement or cancellation of elective procedures, as well as the redirection of resources towards the treatment of COVID-19 patients, has resulted in a decline in the demand for surgical devices. The pandemic has also led to disruptions in global supply chains, causing delays in the production and delivery of surgical devices. The need for social distancing and infection control measures has also led to changes in surgical practices, with a greater emphasis on the use of minimally invasive techniques and personal protective equipment.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Application
|
| Regions covered | Western Canada, Central Canada, Atlantic Canada, Northern Canada
|
| Companies Covered | Boston Sicentific Corporation, CONMED Corporation, Medtronic, B.Braun SE, Johnson & Johnson Services, Inc., Stryker, Integer Holdings Corporation, Alcon Laboratories Inc., Smith+Nephew, Olympus Corporation
|
Key Target Audience:
- Healthcare Providers
- Surgeons and Medical Practitioners
- Medical Device Manufacturers
- Distributors and Wholesalers
- Regulatory Authorities
- Research and Development Organizations
Canada Surgical Devices Market Segmentation:
1. By Product:
- Canada Surgical Devices Market Value Share and Forecast, By Product, 2023-2033
- Handheld Devices
- Laparoscopic Devices
- Electro Surgical Devices
- Wound Closure Devices
- Trocars & Access Devices
2. By Application:
- Canada Surgical Devices Market Value Share and Forecast, By Application, 2023-2033
- Gynaecology & Urology
- Cardiology
- Orthopaedic
- Neurology
3. By Region:
- Western Canada
- Ceentral Canada
- Atlantic Canada
- Northern Canada
Key Topics Covered in the Report:
- Canada Surgical Devices Market Size (FY’2023-FY’2033)
- Overview of Canada Surgical Devices Market
- Segmentation of Canada Surgical Devices Market By Product (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars & Access Devices, Others)
- Segmentation of Canada Surgical Devices Market By Applications (Gynaecology & Urology, cardiology, Orthopaedic, Neurology, Others)
- Statistical Snap of Canada Surgical Devices Market
- Growth Analysis of Canada Surgical Devices Market
- Problems and Challenges in Canada Surgical Devices Market
- Competitive Landscape in the Canada Surgical Devices Market
- Impact of COVID-19 and Demonetization on Canada Surgical Devices Market
- Details on Recent Investment in Canada Surgical Devices Market
- Competitive Analysis of Canada Surgical Devices Market
- Key Players in the Canada Surgical Devices Market
- SWOT Analysis of Canada Surgical Devices Market
- Canada Surgical Devices Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Canada Surgical Devices Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Canada Surgical Devices Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Canada Surgical Devices Market
7. Canada Surgical Devices Market, By Product (USD Million)
7.1. Canada Surgical Devices Market Value Share and Forecast, By Product, 2023-2033
7.2. Handheld Devices
7.3. Laparoscopic Devices
7.4. Electro Surgical Devices
7.5. Wound Closure Devices
7.6. Trocars & Access Devices
7.7. Others
8. Canada Surgical Devices Market, By Application (USD Million)
8.1. Canada Surgical Devices Market Value Share and Forecast, By Application, 2023-2033
8.2. Gynaecology & Urology
8.3. Cardiology
8.4. Orthopaedic
8.5. Neurology
8.6. Others
9. Canada Surgical Devices Market Forecast, 2019-2033 (USD Million)
9.1. Canada Surgical Devices Market Size and Market Share
10. Canada Surgical Devices Market, By Products, 2019-2033 (USD Million)
10.1. Canada Surgical Devices Market Size and Market Share by Products (2019-2026)
10.2. Canada Surgical Devices Market Size and Market Share by Products (2027-2033)
11. Canada Surgical Devices Market, By Application, 2019-2033 (USD Million)
11.1. Canada Surgical Devices Market Size and Market Share by Application (2019-2026)
11.2. Canada Surgical Devices Market Size and Market Share by Application (2027-2033)
12. Canada Surgical Devices Market, By Region, 2019-2033 (USD Million)
12.1. Canada Surgical Devices Market Size and Market Share by Region (2019-2026)
12.2. Canada Surgical Devices Market Size and Market Share by Region (2027-2033)
12.3. Western Canada
12.4. Ceentral Canada
12.5. Atlantic Canada
12.6. Northern Canada
13. Company Profile
13.1. Boston Scientific Corporation
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. CONMED Corporation
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Medtronic
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. B. Braun SE
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Johnson & Johnson Services, Inc.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Stryker
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Integer Holdings Corporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Alcon Laboratories Inc.,
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Smith+Nephew
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Olympus Corporation
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
