Canada Surgical Devices Market Growth, Size, Trends, Price, Manufacturers and Future Outlook
Canada Surgical Devices Market Size By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2023 | Report ID: MEDE2312 | Pages: 1 - 103 | Formats*: |
| Category : Medical Devices | |||
Canada Surgical Devices Market Introduction and 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%.
The report includes an in-depth analysis of the Canada Surgical Devices Market, including market size and trends, product mix, distribution channels, and supplier analysis. Surgical gadgets are specialized tools and instruments used during surgical procedures to accomplish a variety of tasks. They are made to be accurate, strong, and secure when used in surgical procedures. Based on their purpose and use, these devices can be generally categorized into a number of categories. Incisions, tissue removal, and surgical dissections are all performed with cutting and dissecting tools. During surgery, grasping and grabbing instruments are used to grasp and hold tissues and organs. Devices for probing and dilation are used to reach and examine internal organs and tissues, while suturing and stapling tools are used to seal incisions and wounds.
- Envois debuted its wearable Arvis, an orthopedic navigational gadget that stands for augmented reality visualization and information system, in July 2022. It is a self-contained surgical guidance tool that the surgeon operates.
- The MANTA Vascular Closure Device, a commercially available biomechanical vascular closure device created especially for the closure of large-bore femoral artery access sites, was approved by Health Canada in May 2022.
Market Opportunities and Challenges
Canada Surgical Devices market offers a variety of opportunities and challenges. Several factors are pointing to rapid growth in the surgical devices industry in Canada in the near future. The rising demand for minimally invasive surgeries is one of the major factors driving the market. Due to the lower risk of problems, shorter hospital stays, and quicker recovery times associated with such treatments, both patients and surgeons are increasingly choosing them. Additionally, as more elderly people are expected to need surgical operations for chronic ailments and age-related disorders, Canada's aging population is increasing demand for surgical devices. The development of the surgical device market is also being driven by technological improvements.
Challenges: The market for surgical equipment in Canada has a number of obstacles that could limit future expansion. One of the major issues is the high price of surgical devices, which can make them costly for some patients and healthcare organizations, limiting the use of modern surgical equipment and stifling the market's expansion. The complicated regulatory framework that controls the approval and sale of surgical equipment presents another difficulty because it necessitates that manufacturers adhere to a number of rules and standards before their products can be sold in Canada
Market Competitive Landscape
The market for general surgical instruments in Canada is highly competitive, with both global and local firms present. Global enterprises control a considerable portion of the industry, while local businesses compete fiercely for a significant piece of this market. In terms of market share, the market is currently dominated by a few significant competitors. Boston Scientific Corporation, CONMED Corporation, Medtronic, B. Braun SE, Johnson & Johnson Services, Alcon Laboratories Inc., Smith+Nephew, Olympus Corporation, and Cook Group are some of the market leaders.
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 |
COVID-19 Impact on Canada Surgical Devices Market
The pandemic of COVID-19 has had a substantial influence on the Canadian surgical device business. The deferral or cancellation of elective procedures, as well as the reallocation of resources to the care of COVID-19 patients, has resulted in a drop in demand for surgical devices. The epidemic has also caused disruptions in worldwide supply chains, causing delays in surgical instrument production and delivery. Changes in surgical practices have also resulted from the necessity for social distance and infection control measures, with a greater emphasis on the use of minimally invasive techniques and personal protective equipment.
Key Target Audience:
- Healthcare Providers
- Surgeons and Medical Practitioners
- Medical Device Manufacturers
- Distributors and Wholesalers
- Regulatory Authorities
- Research and Development Organizations
Our in-depth analysis of the Canada Surgical Devices Market includes the following segments:
| By Product: |
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| By Application: |
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| By Region: |
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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
- Expansion Analysis of Canada Surgical Devices Market
- Problems and Obstacles 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 Current Investment in Canada Surgical Devices Market
- Competitive Analysis of Canada Surgical Devices Market
- Prominent 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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Canada Surgical Devices Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Canada Surgical Devices Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Handheld Devices7.3. Laparoscopic Devices7.4. Electro Surgical Devices7.5. Wound Closure Devices7.6. Trocars & Access Devices7.7. Others
8. Canada Surgical Devices Market, By Application (USD Million)
8.1. Canada Surgical Devices Market Value Share and Forecast, By Application, 2023-20338.2. Gynaecology & Urology8.3. Cardiology8.4. Orthopaedic8.5. Neurology8.6. 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 Canada12.4. Ceentral Canada12.5. Atlantic Canada12.6. Northern Canada
13. Company Profile
13.1. Boston Scientific Corporation13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. CONMED Corporation13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Medtronic13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. B. Braun SE13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Johnson & Johnson Services, Inc.13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Stryker13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Integer Holdings Corporation13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Alcon Laboratories Inc.,13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Smith+Nephew13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Olympus Corporation13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. 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.
Frequently Asked Questions About This Report
Canada Surgical Devices Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
Canada Surgical Devices Market grew in market size from 2023. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
Canada Surgical Devices Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Canada Surgical Devices Market size is USD XX billion from 2023 to 2033.
Canada Surgical Devices Market Segment is Covered By Product, By Application
The North America region is anticipated to have the highest market share in Canada Surgical Devices Market.
The key players in the market include 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
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.
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