Canada General Surgical Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Handheld Devices, Electro Surgical Devices, Laparoscopic Devices, Wound Closure Devices, Trocars & Access Devices, and Others), By Application (Gynecology & Urology, Orthopaedic, Neurology, Cardiology, and Others), and Canada General Surgical Devices Market Insights, Industry Trend, Forecasts to 2033

Canada General Surgical Devices Market Insights Forecasts to 2033

• The Canada General Surgical Devices Market Size Was Estimated at USD 547.93 Million in 2023.
• The Market Size is Growing at a CAGR of 5.49% from 2023 to 2033
• The Canada General Surgical Devices Market Size is Expected to Reach USD 935.15 Million by 2033

The Canada General Surgical Devices Market Size is Expected to Reach USD 935.15 Million By 2033, Growing at a CAGR of 5.49% from 2023 to 2033.

Market Overview

The sector centered on the manufacture, distribution, and use of surgical instruments and tools intended for general surgical operations is referred to as the Canada general surgical devices market. Biological tissues can be sliced, sutured, grasped, retracted, and modified with the help of these tools. Trocars, electrosurgical tools, laparoscopic equipment, handheld devices, and wound closure devices are only a few of the many goods available on the market. The rising incidence of intestinal issues, osteoporosis, and cardiac illnesses, as well as growing patient awareness, are anticipated to increase the number of surgeries performed during the projection period.  Furthermore, the market for general surgery devices is anticipated to grow as a result of technological developments and the use of cutting-edge surgical methods in developing nations. Furthermore, government initiatives aid in market expansions such as Health Canada ensures the safety and efficacy of medical devices by regulating them under the Food and Drugs Act.  Innovation in medical gadgets, particularly the use of robotics and artificial intelligence, has been aggressively encouraged by the government.

Report Coverage

This research report categorizes the market for the Canada general surgical devices market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada general surgical devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada general surgical devices market.

Driving Factors

The Canada general surgical devices industry is driven by the increasing need for surgical operations as a result of the growing prevalence of chronic diseases, such as diabetes, obesity, and cardiovascular disorders. The major market participants in the general surgery devices business will have substantial growth prospects due to nanotechnology and smart surgical equipment. Additionally, the market is expanding faster due to rising healthcare costs, improvements in general surgical instruments, and an increase in the demand for procedures. In addition, technological improvements have led to new product approvals and releases in the region, which have improved surgical efficiency and are expected to contribute to market growth.

Restraining Factors

The market for general surgical devices in Canada is hampered by issues such as the high price of sophisticated surgical instruments, strict regulations that impede market entry, and a lack of qualified personnel to handle sophisticated machinery.  Furthermore, limited adoption in settings with limited resources and competition from alternative therapies prevent widespread deployment.

Market Segmentation

The Canada general surgical devices market share is classified into product and application.

• The handheld devices segment accounted for the largest share in 2023 and is expected to grow at the highest CAGR during the forecast period.

Based on the product, the Canada general surgical devices market is divided into handheld devices, electro-surgical devices, laparoscopic devices, wound closure devices, trocars & access devices, and others. Among these, the handheld devices segment accounted for the largest share in 2023 and is expected to grow at the highest CAGR during the forecast period. This segment is growing due to handheld surgical devices, including graspers, dilators, retractors, scalpels, and forceps, are increasingly used in various fields like neurosurgery, cardiovascular, orthopedic, plastic and reconstructive surgery, obstetrics, and gynecology due to advancements in robotics and enhanced surgeon dexterity.

• The orthopaedic segment accounted for a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the Canada general surgical devices market is divided into gynecology & urology, orthopaedic, neurology, cardiology, and others. Among these, the orthopaedic segment accounted for a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period. This segment is expanding because of the lengthy orthopedic surgery waiting list and the area's aging population.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada general surgical devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• B. Braun SE
• Boston Scientific Corporation
• CONMED Corporation
• Integer Holdings Corporation
• Smith & Nephew
• Olympus Corporation
• Cook Group
• Johnson & Johnson Services, Inc
• Medtronic
• Stryker
• Alcon Laboratories Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2024, Stryker Corporation revealed its cutting-edge surgical navigation systems, which are specifically designed for the Canadian healthcare sector.  The new platform enhances surgical accuracy and patient outcomes through the application of AI and machine learning.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada general surgical devices market based on the below-mentioned segments:

Canada General Surgical Devices Market, By Product

• Handheld Devices
• Electro Surgical Devices
• Laparoscopic Devices
• Wound Closure Devices
• Trocars & Access Devices
• Others

Canada General Surgical Devices Market, By Application

• Gynecology & Urology
• Orthopaedic
• Neurology
• Cardiology
• Others