Canada Procedure Trays Market Size & Outlook, 2023-2030
Canada procedure trays market, 2017-2030 (US$M)
Related Markets
Canada procedure trays market highlights
- The Canada procedure trays market generated a revenue of USD 954.9 million in 2023 and is expected to reach USD 1,884.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, or was the largest revenue generating product in 2023.
- OR is the most lucrative product segment registering the fastest growth during the forecast period.
Procedure trays market data book summary
| Market revenue in 2023 | USD 954.9 million |
| Market revenue in 2030 | USD 1,884.7 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Or |
| Fastest growing segment | OR |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OR, Angiography, Ophthalmic |
| Key market players worldwide | Owens & Minor Inc, Cardinal Health Inc, 3M Co, Teleflex Inc, B. Braun, BD, Merit Medical Systems Inc, Mölnlycke Health Care, Hartmann Holdings, Medtronic PLC, CPT Medical |
Other key industry trends
- In terms of revenue, Canada accounted for 4.9% of the global procedure trays 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. procedure trays 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 16,028.3 million by 2030.
Or was the largest segment with a revenue share of 58.23% in 2023. Horizon Databook has segmented the Canada procedure trays market based on or, angiography, ophthalmic covering the revenue growth of each sub-segment from 2017 to 2030.
Canada is anticipated to witness significant growth during the forecast period due to the presence of a developed infrastructure, increase in number of surgical procedures being performed, rise in number of healthcare centers, new product launches, high adoption of new technology, and growing inclination toward minimally invasive surgeries.
Geographically, this market is concentrated in the provinces of Quebec, Ontario, and British Columbia. However, shortage of skilled surgeons to perform advanced surgeries, high cost, and stringent regulatory policies may restrain growth of the market.
Medical devices in Canada are regulated by Medical Devices Regulations, Medical Devices Bureau (MDB) of Health and Therapeutic Products Directorate (TPD), in accordance with federal legislation the Food and Drugs Act.
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Procedure Trays Market Scope
Procedure Trays Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada procedure trays market size, by product, 2017-2030 (US$M)
Canada Procedure Trays Market Outlook Share, 2023 & 2030 (US$M)
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