The Canada general surgical devices market size is projected to expand at a CAGR of 4.5% during the forecast period. Growth of the market is attributed to the development of advanced devices, rising healthcare expenditure, increasing government initiatives, and growing cases of injuries and accidents.
Surgical instruments are devices and tools that carry out operations such as grasping, retracting, dissecting, access to internal organs, holding, cutting, suturing, and modifying biological tissue. Many surgical instruments are manufactured from stainless steel.
The Covid-19 pandemic affected the demand and supply of Canada general surgical devices market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
The report on the Canada general surgical devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Canada General Surgical Devices Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2019–2020 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Handheld Devices, Laparoscopic Devices, Electro Surgical Devices, Wound Closure Devices, Trocars, and Access Devices, and Others), Applications (Cardiology, Neurology, Pulmonology, Gynecology, Orthopedic Surgery, Laparoscopy, Gastroenterology, ENT Surgery, and Others) |
Country Scope |
Canada |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Boston Scientific Corporation, Conmed Corporation, Meditronic Plc, B. Braun Melsungen AG, and Johnson and Johnson |
Based on types, the Canada general surgical devices market is segregated into handheld devices, laparoscopic devices, electro surgical devices, wound closure devices, trocars and access devices, and others. The handheld devices segment accounts for a key share of the market. Growth of the market is attributed to the increasing adoption of general surgical devices for diagnosis and treatment, rising prevalence of cardiac disease, unhealthy lifestyles, rise in elderly population, and increasing number of treatments. However, the electro surgical devices segment is anticipated to expand at a rapid pace during the forecast period due to increasing patient pool, rising geriatric population, and increase in preference for minor invasive surgeries.
Based on applications, the Canada general surgical devices market is fragmented into cardiology, neurology, pulmonology, gynecology, orthopedic surgery, laparoscopy, gastroenterology, ENT surgery, and others. The orthopedic surgery segment is anticipated to hold the major market share during the forecast period. Growth of the market is attributed to rising population, increase in disposable income, and growing awareness among population. However, the gynecology segment is anticipated to expand at a rapid pace during the forecast period due to factors such as international companies attracting many investors, technological innovations in surgical devices, and increasing adaptation of stem cell technologies.
Segments Covered in the Report
The Canada general surgical devices market is segmented on the basis of
Types
Applications
Country
Key Players
The market for general surgical devices in Canada is highly competitive, with global and a few local players present. Major players in the Canada general surgical devices market include Boston Scientific Corporation, Conmed Corporation, Meditronic Plc, B. Braun Melsungen AG, and Johnson and Johnson.
Companies are engaging in mergers, acquisitions, and partnerships to extend their market share. Global players have a large share of the market, while local companies are also competing hard to gain a significant share of the market.
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