Canada Laparoscopy Devices Market to be Supported by the Increasing Number of Clinical Trials through 2028
Growing preferences for
minimally invasive surgeries is expected to drive the Canada laparoscopy
devices market in the forecast period, 2024-2028.
According to TechSci Research
report, “Canada Laparoscopy Devices Market - Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028”, the Canada laparoscopy
devices market is anticipated to grow at an impressive rate in the forecast
period, 2024-2028. This can be ascribed to the rising number of
clinical trials along with increase in adoption of robot-assisted laparoscopic
surgeries. Also, the rising regulatory approval for robotic systems is another
factor contributing to the growth of the Canada laparoscopy devices market. The
regulatory bodies in Canada, such as Health Canada, have been increasingly
approving the use of robotic systems for various surgical procedures, including
laparoscopic procedures. This has increased the adoption of robotic systems by
healthcare providers, as well as increased investments by companies in
developing and improving robotic systems for surgical procedures. The use of
robotic systems in laparoscopic procedures has been found to improve patient
outcomes, reduce recovery time, and reduce the risk of complications.
Therefore, the rising regulatory approvals for robotic systems are expected to
drive the growth of the laparoscopy devices market in Canada in the coming
years.
However, the cost of developing
and manufacturing of laparoscopic devices is high, which is expected to hamper
the growth of the Canada laparoscopy devices market. Besides, the lack of
adequately trained healthcare professionals may slow down the growth of the
Canada laparoscopy devices market.
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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. Conventional laparoscopy
devices segment is expected to dominate the Canada laparoscopy devices market
due to its to its cost effectiveness, simplicity, availability, and others. The
energy devices sub-segment is expected to grow due to technological
advancements, improving efficiency and others.
Based on application, the Canada
laparoscopy devices market is bifurcated into general surgery, gynecological
surgery, urological surgery, bariatric surgery, and other surgeries. General
surgery segment is expected to dominate the Canada laparoscopy devices market
due to its increasing cases of gall bladder removals, growing number of
surgical removals of appendix, rise in number of patients suffering from
hernia, and others.
Based on end user, the Canada
laparoscopy devices market is divided into hospitals, ambulatory surgery
centers, and others. Hospitals segment is expected to dominate the Canada laparoscopy
devices market due to increase in adoption of laparoscopy devices in the
operation theaters.
Major companies operating in
Canada laparoscopy devices market are:
- Applied Medical Resources Corporation
- Arthrex, Inc.
- Becton
- Dickinson and Company
- Boston Scientific Corporation
- CONMED Corporation
- Intuitive Surgical, Inc.
- Johnson & Johnson Inc.
- Medtronic
- Teleflex Incorporated
- Stryker
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“Ontario region is expected to
dominate Canada laparoscopy devices market in the forecast period. This is
attributed to a growing technological advancement in the region. Besides, the
presence of several research institutions, rising preference for laparoscopic
surgeries over open surgeries, and increasing number of product launches are
all contributing factors for the growth of the Canada laparoscopy devices
market in the region. Also, the integration of industry with robotics and AI
along with the increasing number of clinical trials bode well for the growth of
Canada laparoscopy devices market” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“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”, has
evaluated the future growth potential of Canada laparoscopy devices market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Canada laparoscopy devices market.
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