Canada Laparoscopy Devices Market, By Product (Conventional Laparoscopy Devices, Robotic-Assisted Laparoscopy Devices), By Application (General Surgery, Gynecological Surgery, Urological Surgery, Bariatric Surgery, and Other Surgeries), By End User (Hospitals, Ambulatory Surgery Centers, and Others), By Region, Competition, Forecast and Opportunities, 2028
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCanada Laparoscopy Devices Market, By Product (Conventional Laparoscopy Devices, Robotic-Assisted Laparoscopy Devices), By Application (General Surgery, Gynecological Surgery, Urological Surgery, Bariatric Surgery, and Other Surgeries), By End User (Hospitals, Ambulatory Surgery Centers, and Others), By Region, Competition, Forecast and Opportunities, 2028
Canada laparoscopy devices market is anticipated to observe impressive growth during the forecast period, 2024-2028. Increasing prevalence of chronic diseases coupled with the rising advancements in technology is expected to augment the growth of the Canada laparoscopy devices market. Laparoscopy devices are used in minimally invasive surgeries, which are increasingly popular due to their benefits such as reduced pain, shorter recovery time, and smaller incisions. Laparoscopy devices include a range of instruments such as graspers, scissors, dissectors, and staplers, which are used to manipulate and cut tissue during the procedure. The device also includes a light source and a video camera, which enable the surgeon to view the inside of the body on a monitor during the surgery. In recent years, there is a rising inclination towards minimally invasive surgeries, which has had a significant impact on the growth of the Canada laparoscopy devices market. Furthermore, there are various other factors which are supporting the growth of Canada laparoscopy devices market such as rise in cases of morbid obesity, introduction of innovative laparoscopic devices, supportive government policies and laws, growing geriatric population, increase in number of clinical trials, increasing research and development (R&D) activities, rising approval for robotic surgical systems, and others.
Rise in Occurrences of Chronic Diseases
According to the Diabetes Canada, the number of Canadians who were affected by diabetes in 2022, including both diagnosed and undiagnosed cases of type 1 and type 2 diabetes, were over 5.7 million. Additionally, in 2022, there were 11.7 million Canadians living with either diabetes or prediabetes, a condition that can progress to type 2 diabetes if not properly managed.
Technological Advancements
In 2022
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Increasing awareness among physicians and patients has played a significant role in the growth of the laparoscopy devices market in Canada. Physicians are now more aware of the benefits of laparoscopic procedures compared to traditional open surgery, such as reduced risk of infection, shorter hospital stays, and faster recovery times. As a result, they are increasingly using laparoscopy devices in their surgeries and recommending laparoscopic procedures to their patients. Patients are also becoming more informed about their options and are actively seeking out laparoscopic procedures. With the availability of information through the internet and social media, patients are better educated about the benefits and risks of different surgical procedures. They are also becoming more aware of the advantages of laparoscopic surgery, such as less post-operative pain, smaller incisions, and minimal scarring. Therefore, owing to the growing demand for laparoscopy procedures, the demand for laparoscopy devices surges in the country, which, in turn, bolster the growth of the Canada laparoscopy devices market.
Growing Adoption of Minimally Invasive Surgeries
The growing adoption of minimally invasive surgeries over open surgeries has had a significant impact on the Canada laparoscopy devices market. In recent years, there has been a shift towards less invasive surgical procedures, driven by the desire to minimize patient discomfort, shorten hospital stays, reduce the risk of complications, and speed up recovery times. Laparoscopy devices are an essential component of minimally invasive surgeries, enabling surgeons to perform complex procedures through small incisions using specialized instruments and high-resolution cameras. Compared to open surgeries, laparoscopic procedures offer several benefits, including reduced blood loss, smaller scars, faster healing, and lower rates of infection. The increased adoption of minimally invasive surgeries has led to a corresponding increase in the use of laparoscopy devices across a range of specialties, including gynecology, urology, gastroenterology, and general surgery, which, in turn is strengthening the growth of the Canada laparoscopy devices market. Also, as more surgeons become proficient in performing laparoscopic procedures and more patients opt for minimally invasive surgery, the demand for laparoscopy devices is expected to continue to grow in the forthcoming years.
Recent Developments
- In 2023, Synaptive Medical Inc., a global innovator in medical technology, announced U.S. and Canadian availability of Next-Generation Robotic-Exoscope, Modus X. Modus X is the fourth generation of Synaptive's robotic exoscope, and it is highly demanded as it enables surgeons to perform minimally invasive approaches and offers better ergonomics for a pain-free operative experience.
- In 2022, Ethicon, Inc., a subsidiary of Johnson & Johnson, introduced the Enseal X1 Straight Jaw Tissue Sealer, a closure device designed to provide stronger sealing in a variety of surgical procedures.
- In 2022, the minimally invasive iTind device was used by Olympus to treat benign prostatic hyperplasia (BPH) in Canada for the first time in a commercial setting.
- In 2021, Medtronic plc was granted a Health Canada license for its Hugo RAS system. This license was obtained to expand the use of robotic-assisted surgery.
- In 2019, the robotic endoscope business of Schölly Fiberoptic was acquired by Intuitive Surgical, Inc. As a result of this acquisition, the company was able to obtain access to Schölly's robotic endoscope manufacturing line.
- Such initiatives, productlaunches, and mergers and acquisitions are expected to support the growth ofthe Canada laparoscopy devices market in the forthcoming years.
Market Segmentation
Canada laparoscopy devices market is segmented into product, application, end user, region, and company. Based on product, Canada laparoscopy devices market can be divided into conventional laparoscopy devices and robotic-assisted laparoscopy devices. Based on conventional laparoscopy devices, the Canada laparoscopy devices market is sub-segmented into laparoscopes, energy devices, hand instruments, access devices, closure devices, insufflators, and others. Based on robotic-assisted laparoscopy devices, the Canada laparoscopy devices market is sub-segmented into robotic systems, instruments and accessories, and services. Based on application, the Canada laparoscopy devices market is bifurcated into general surgery, gynecological surgery, urological surgery, bariatric surgery, and other surgeries. Based on end user, the Canada laparoscopy devices market is divided into hospitals, ambulatory surgery centers, and others. Regionally, the Canada laparoscopy devices market can be categorized into Ontario, Quebec, the West, British Columbia, Atlantic Canada, and the North.
Market Players
Applied Medical Resources Corporation, Arthrex, Inc, Becton, Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, Intuitive Surgical, Inc, Johnson & Johnson Inc., Medtronic, Teleflex Incorporated, and Stryker are some of the leading companies operating in the Canada laparoscopy devices market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, Company share, Competitive landscape, Growth factors, and Trends |
| Segments Covered | Product Application End User Region |
| Regional Scope | Ontario, Quebec, the West, British Columbia, Atlantic Canada, the North. |
| Key Companies Profiled | Applied Medical Resources Corporation, Arthrex, Inc, Becton, Dickinson and Company, Boston Scientific Corporation, CONMED Corporation, Intuitive Surgical, Inc, Johnson & Johnson Inc., Medtronic, Teleflex Incorporated, and Stryker |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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