Canada Surgical Equipment Market Size & Outlook, 2023-2030
Canada surgical equipment market, 2018-2030 (US$M)
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Canada surgical equipment market highlights
- The Canada surgical equipment market generated a revenue of USD 1,299.0 million in 2023 and is expected to reach USD 2,555.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.1% 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.
Surgical equipment market data book summary
| Market revenue in 2023 | USD 1,299.0 million |
| Market revenue in 2030 | USD 2,555.0 million |
| Growth rate | 10.1% (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 | Johnson & Johnson, Zimmer Biomet Holdings Inc, B. Braun, Smith & Nephew PLC, Stryker Corp, Aspen Group Inc, Medtronic PLC, BD |
Other key industry trends
- In terms of revenue, Canada accounted for 7.7% of the global surgical equipment 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. surgical equipment 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 2,555.0 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada surgical equipment 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 surgical equipment market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.57% in 2023. Horizon Databook has segmented the Canada surgical equipment market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
The market is being driven by the introduction of new products, the development of healthcare infrastructure, the rise in surgical operations, and the expansion of healthcare centers in Canada. It is also anticipated that the implementation of Canadian Medicare will increase the accessibility of medical treatments, including disease-related operations, for all citizens, driving market growth during the forecast period.
However, the shortage of skilled surgeons to perform advanced surgeries, high cost, and stringent regulatory policies may restrain market growth. Moreover, geographical advantage like proximity to the U.S. & Mexico and the presence of strong local players engaged in developing and manufacturing surgical equipment is expected to boost market growth.
For instance, Panther Healthcare Canada Inc., a subsidiary of Panther Healthcare, offers open/endo surgical staplers & other minimally invasive supplies for use in surgical clinics and hospitals. Furthermore, Advanced Surgi-Pharm Inc.; Batrik Medical Manufacturing Inc.; and Imperial Surgical Ltd also provide surgical equipment at low cost in Canada.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into Canada surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada surgical equipment market size, by product, 2018-2030 (US$M)
Canada Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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