Canada Disposable Surgical Devices Market Size & Outlook
Canada disposable surgical devices market, 2018-2030 (US$M)
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Canada disposable surgical devices market highlights
- The Canada disposable surgical devices market generated a revenue of USD 309.9 million in 2023 and is expected to reach USD 578.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Disposable surgical devices market data book summary
| Market revenue in 2023 | USD 309.9 million |
| Market revenue in 2030 | USD 578.8 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | B. Braun Medical, B. Braun, Smith & Nephew PLC, Aspen Pharmacare Holdings Ltd, Alcon Inc, Zimmer Biomet Holdings Inc, Medtronic PLC, Becton Dickinson & Co, Johnson & Johnson, The Cooper Companies Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 5.3% of the global disposable surgical devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. disposable surgical devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 578.8 million by 2030.
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Disposable Surgical Devices Market Scope
Disposable Surgical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada disposable surgical devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to disposable surgical devices market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.3% in 2023. Horizon Databook has segmented the Canada disposable surgical devices market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
Surgical procedures in the country are increased over the past few years, thus, contributing to the need for disposable surgical devices. As per OECD, in 2018, the recorded number of surgical procedures in Canada was 417,951, which was more in comparison to 396,218 surgical procedures in 2017.
Apart from the growing number of surgical procedures, strategic initiatives taken by the market players to expand the reach of disposable surgical devices in Canada are also expected to contribute toward the market growth.
For instance, in June 2018, Keir Surgical Ltd. announced its distribution agreement with Rhein Medical, which in 2017 was acquired by Katena Products. Under this agreement, Keir Surgical will distribute ophthalmic devices offered by both Rhein Medical and Katena Products in Canada.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada disposable surgical devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada disposable surgical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada disposable surgical devices market size, by product, 2018-2030 (US$M)
Canada Disposable Surgical Devices Market Outlook Share, 2023 & 2030 (US$M)
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