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
The increasing prevalence of
chronic diseases such as obesity, diabetes, gastrointestinal disorders, and
others are having a significant impact on the Canada laparoscopy devices
market. 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. Chronic diseases often require surgical interventions, and
minimally invasive procedures such as laparoscopy are becoming increasingly
popular due to their benefits, such as reduced pain, shorter hospital stays,
and faster recovery times. Laparoscopy has become a popular approach for
surgical procedures such as bariatric surgery, which is often used to treat
obesity and its associated health conditions such as diabetes and
cardiovascular disease. According to the 2022 report released by the
World Obesity Federation, the projected prevalence of obesity in Canada is
expected to reach 38.5% by 2030, which is deemed to be a very high percentage. Hence,
the demand for bariatric surgery is expected to increase which needs
laparoscopy devices, thereby increasing the growth of the Canada laparoscopy
devices market over the forecast period. Moreover, gastrointestinal disorders
such as inflammatory bowel disease, Crohn's disease, and ulcerative colitis
also commonly require surgical interventions, and laparoscopy devices. Also,
laparoscopy is used in gynecologic surgeries such as hysterectomy and removal
of ovarian cysts. The laparoscope is inserted through a small incision in the
abdomen to provide a visual guide to the surgeon during the procedure. The
surgeon can then use other laparoscopy instruments to perform the surgery.
Therefore, these laparoscopy surgeries surge the demand for laparoscopic
devices, which, in turn, strengthen the growth of the Canada laparoscopy devices
market.
Technological Advancements
Technological advancements have
played a significant role in the growth of the Canada laparoscopy market. The
development of new laparoscopy devices, such as high-definition cameras,
advanced energy devices, and robotic systems, has made laparoscopic procedures
more effective and efficient, leading to improved patient outcomes. In
2022, the next-generation Echelon 3000 stapler, designed for
surgical procedures to help close wounds and incisions, was launched by Ethicon,
Inc., a subsidiary of Johnson & Johnson. This new model is an upgrade over
the previous versions, offering enhanced features to improve the outcomes of
surgical procedures. For example, the use of high-definition cameras in
laparoscopy procedures allows surgeons to have a better view of the surgical
site, which enhances their precision and accuracy during the procedure. This,
in turn, leads to a lower risk of complications and faster recovery times for
patients. Another technological advancement that has influenced the growth of
the Canada laparoscopy market is the development of advanced energy devices,
such as electrosurgical instruments and ultrasonic scalpels. These devices help
to reduce blood loss during surgery and minimize damage to surrounding tissues,
resulting in less post-operative pain and a faster recovery time. In addition,
robotic-assisted surgery is another technological advancement that has had a
significant impact on the growth of the laparoscopy market in Canada. Robotic
systems offer surgeons greater dexterity and precision, allowing them to
perform complex surgical procedures with more accuracy and control.
Additionally, robotic systems offer benefits such as reduced blood loss, less
post-operative pain, and shorter hospital stays.
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Increasing Awareness among
Physicians and Patients
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, product
launches, and mergers and acquisitions are expected to support the growth of
the 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)
|
Report Scope:
In this report, Canada
laparoscopy devices market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Canada Laparoscopy Devices Market, By
Product:
- Conventional Laparoscopy
Devices
- Laparoscopes
- Energy Devices
- Hand Instruments
- Access Devices
- Closure Devices
- Insufflators
- Others
- Robotic-Assisted
Laparoscopy Devices
- Robotic Systems
- Instruments and
Accessories
- Services
- Canada Laparoscopy Devices
Market, By Application:
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Bariatric Surgery
- Other Surgeries
- Canada Laparoscopy Devices
Market, By End User:
- Hospitals
- Ambulatory Surgery
Centers
- Others
- Canada Laparoscopy Devices
Market, By Region:
- Ontario
- Quebec
- The West
- British Columbia
- Atlantic Canada
- The North
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present Canada laparoscopy devices market.
Available Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Canada laparoscopy devices
market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
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