Canada Laparoscopy Devices Market Insights Forecasts to 2033

• The Canada Laparoscopy Devices Market Size was valued at USD 450.5 Million in 2023.
• The Market Size is Growing at a CAGR of 7.25% from 2023 to 2033
• The Canada Laparoscopy Devices Market Size is Expected to reach USD 907.5 Million by 2033

The Canada Laparoscopy Devices Market is anticipated to exceed USD 907.5 Million by 2033, growing at a CAGR of 7.25% from 2023 to 2033. The increasing number of minimally invasive procedures, growing regulatory approvals for robotic systems, rising geriatric population, and bariatric surgeries are driving the growth of the laparoscopy devices market in Canada.     

Market Overview

Laparoscopy devices are the equipment used in laparoscopy procedures, minimally invasive procedures to examine the inside of the body for diagnosis or treatment. It is used for the diagnosis of conditions such as appendicitis, pelvic inflammatory disease, endometriosis, and some cancers. A wide range of surgical specialities, like general surgery, urology, gynecology, and gastroenterology are performed using laparoscopic devices.

Laparoscopy is a method of choice for many surgical procedures due to its advantages over open surgeries, including smaller incisions, reduced post-operative discomfort, shortened hospital stays, and faster recovery periods. Further, the increasing investments in healthcare infrastructure and technologies, including laparoscopic devices for effective patient treatment outcomes are propelling the market growth. 

Report Coverage

This research report categorizes the market for the Canada laparoscopy 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 laparoscopy 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 laparoscopy devices market.

Driving Factors

The increasing preference for minimally invasive surgery owing to less body damage, less pain, and a shorter hospital stays with fewer complications is driving the market demand for laparoscopy devices. The advancement in surgical procedures with the introduction of robotic systems along with its regulatory approval in the country is driving the market growth. Laparoscopy is preferable for the geriatric population owing to the careful consideration of age-related factors. Thus, the larger proportion of the geriatric population is responsible for propelling the market. The increased focus on health issues related to obesity with the increased obesity rate in the country and improvement in access to bariatric surgery are responsible for a significant rise in market growth.

Restraining Factors

The limitations of laparoscopy surgery including longer operative times and the need for technical expertise are responsible for limiting the market. Further, the high cost of robotic-assisted surgery systems is challenging the Canada laparoscopy devices market.

Market Segmentation

The Canada Laparoscopy Devices Market share is classified into product (conventional laparoscopy devices and robotic-assisted laparoscopy devices), by application (general surgery, gynecological surgery, urological surgery, bariatric surgery, and others), by end user (hospitals, ambulatory surgery centers, and others).

• The conventional laparoscopy devices dominated the market with a significant market share during the forecast period.

The Canada laparoscopy devices market is segmented by product into conventional laparoscopy devices and robotic-assisted laparoscopy devices. Among these, the conventional laparoscopy devices dominated the market with a significant market share during the forecast period. Conventional laparoscopy devices comprise of laparoscopes, energy devices, hand instruments, access devices, closure devices, insufflators, and other devices. The high adoption of conventional laparoscopy devices especially for urology, gynecology, and certain general surgical settings are contributing to drive the market.

• The general surgery segment accounted for the largest market share during the forecast period.

The Canada laparoscopy devices market is segmented by application into general surgery, gynecological surgery, urological surgery, bariatric surgery, and others. Among these, the general surgery segment accounted for the largest market share during the forecast period. ..  The high success rate and low postoperative infection with rapid recovery are responsible for driving the market.

• The hospitals segment dominated the Canada laparoscopy devices market with the largest market share during the forecast period.       

Based on the end user, the Canada laparoscopy devices market is divided into hospitals, ambulatory surgery centers, and others. Among these, the hospitals segment dominated the Canada laparoscopy devices market with the largest market share during the forecast period. ..The high uptake of laparoscopic procedures in hospitals and improvement in the quality of hospital services are driving the market in the hospital segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada laparoscopy 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

• Becton, Dickinson and Company
• Boston Scientific Corporation
• CONMED Corporation
• Medtronic
• Johnson & Johnson Inc.
• Intuitive Surgical, Inc.
• Teleflex Incorporated
• Stryker
• Others

Key Target Audience

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

Recent Developments

• In March 2023, Synaptive Medical Inc., a global medical technology innovator, announced FDA registration for the next-generation of its robotic exoscope. Modus X is the highly anticipated fourth generation of Synaptive’s robotic exoscope, delivering a leap forward in optical performance and robotics to modernize operating rooms.

Market Segment

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

Canada Laparoscopy Devices Market, By Product

• Conventional Laparoscopy Devices
• Robotic-Assisted Laparoscopy Devices

Canada Laparoscopy Devices Market, By Application

• General Surgery
• Gynecological Surgery
• Urological Surgery
• Bariatric Surgery
• Others

Canada Laparoscopy Devices Market, By End User

• Hospitals
• Ambulatory Surgery Centers
• Others