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
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| Regions covered | Western Canada, Central Canada, Atlantic Canada, Northern Canada
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| 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:
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By Product:
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andheld Devices
Laparoscopic Devices
Electro Surgical Devices
Wound Closure Devices
Trocars & Access Devices
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By Application:
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Gynaecology & Urology
Cardiology
Orthopaedic
Neurology
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By Region:
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Western Canada
Ceentral Canada
Atlantic Canada
Northern Canada
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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 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.
