Canada Laparoscopic Devices Market Size & Outlook
Canada laparoscopic devices market, 2018-2030 (US$M)
Related Markets
Canada laparoscopic devices market highlights
- The Canada laparoscopic devices market generated a revenue of USD 424.1 million in 2023 and is expected to reach USD 686.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, energy systems was the largest revenue generating product in 2023.
- Robot Assisted Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Laparoscopic devices market data book summary
| Market revenue in 2023 | USD 424.1 million |
| Market revenue in 2030 | USD 686.6 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Energy systems |
| Fastest growing segment | Robot Assisted Systems |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laparoscopes, Energy Systems, Trocars, Closure Devices, Suction/ Irrigation Device, Insufflation Device, Robot Assisted Systems, Hand Access Instruments |
| Key market players worldwide | Karl Storz, Medtronic PLC, Johnson & Johnson, Olympus Corp, B. Braun, The Cooper Companies Inc, Richard Wolf, Hoya Corp, BD, Welfare Medical, DEAM, Intuitive Surgical Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 5.5% of the global laparoscopic 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. laparoscopic devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,604.9 million by 2030.
Energy systems was the largest segment with a revenue share of 27.71% in 2023. Horizon Databook has segmented the Canada laparoscopic devices market based on laparoscopes, energy systems, trocars, closure devices, suction/ irrigation device, insufflation device, robot assisted systems, hand access instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing healthcare expenditure by both private and public sectors is one of the major factors driving the Canadian market. For instance, provincial & territorial government spending on healthcare constituted around 65% of total health expenditure, and around 5% expenditure was recorded by public sector, in 2016.
Such funding is expected to create opportunities for both local and international players to enter the market. However, due to outbreak of the pandemic, the number of surgeries were delayed or cancelled to curb the spread of COVID-19.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Laparoscopic Devices Market Scope
Laparoscopic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada laparoscopic devices market size, by product, 2018-2030 (US$M)
Canada Laparoscopic Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
