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Dublin, Dec. 19, 2022 (GLOBE NEWSWIRE) — “Canada’s laparoscopy device market. Focus on Product, Application and End User – Analysis and Forecast, 2022-2031″ report added. ResearchAndMarkets.com suggestion.

The Laparoscopy Devices market in Canada was valued at $392.1 million in 2021 and is expected to reach $865.6 million by 2031, witnessing a CAGR of 7.31% during the forecast period 2022-2031.

The market is driven by factors such as increasing preferences for minimally invasive surgeries, growing geriatric population, growing bariatric population, and increasing adoption of robotic surgical systems.

The market for laparoscopy devices in Canada is in an advanced stage. Increasing preference for laparoscopic surgery over open surgery is leading to increased demand for laparoscopic devices such as laparoscopes, power devices, access and closure devices, and industry integration with robotics and AI are some of the key opportunities in the Canadian laparoscopy device market. .

Furthermore, some of the current major trends in the market include the shift from conventional surgeries to robotic-assisted surgery, development and adoption of disposable laparoscopy devices, increasing demand for minimally invasive procedures, and increasing product launches among market players.

Impact of COVID-19

The COVID-19 pandemic has affected almost every industry and social function worldwide, including the Canadian laparoscopy device market. COVID-19 led to a downturn in the Canadian laparoscopy device market as elective and surgical procedures were halted during the lockdown.

In general, the supply side has been negatively affected, especially during the peak of the COVID-19 pandemic. After the restrictions were lifted, a significantly higher number of laparoscopic procedures resumed, which offset the negative impact and led to market growth in 2021.

Apart from this, the COVID-19 pandemic has also helped the adoption of disposable laparoscopic devices. Single-use laparoscopy devices eliminate the risk of cross-infection, which has become a favorable condition for their adoption during the COVID-19 epidemic.

Market segmentation

The conventional laparoscopy devices segment holds a larger share of the Canadian laparoscopy devices market at $350.6 million compared to the robotic-assisted laparoscopy devices segment, which is estimated at $41.5 million in 2021.

The general surgery segment accounted for the maximum share of the laparoscopy devices market in Canada and the urological surgery segment is expected to be the fastest growing segment in the market during the forecast period 2022-2031.

Hospitals account for the largest share of the Canadian laparoscopy device market. The growth of the hospital segment is mainly due to the adoption of laparoscopic procedures by private hospitals.

How can this report add value to the organization?

The type section helps the reader understand the different types of laparoscopy available in the market. Furthermore, the study provides the reader with a detailed understanding of the products belonging to two major segments, i.e., conventional laparoscopy devices and robotic-assisted laparoscopy devices.

The Laparoscopy Devices market in Canada has witnessed major developments by key players operating in the market such as product launches, business expansions, partnerships, collaborations, and regulatory and legal approvals. The preferred strategy for companies has been regulatory and legal activity and new offerings to strengthen their market position.

For example, in June 2022 Ethicon, Inc., a subsidiary of Johnson & Johnson, launched the next-generation Echelon 3000 stapler, a closure device for surgical procedures, and in December 2021, Medtronic plc received a Health Canada license for its Hugo . RAS system for augmentation of robotic-assisted surgery.

Key players in the Canada laparoscopy devices market analyzed and profiled in the study include established and emerging players offering various products for laparoscopic procedures. Furthermore, a detailed competitive comparison of the players operating in the Canada Laparoscopy Devices market is done to help the reader understand how the players stack up against each other, presenting a clear market landscape.

Furthermore, comprehensive competitive strategies such as partnerships, agreements, collaborations, mergers and acquisitions will help the reader understand untapped revenue pockets in the market.

Recent developments in the Canadian laparoscopy device market

  • In June 2022, Ethicon, Inc., a subsidiary of Johnson & Johnson, launched the next-generation Echelon 3000 stapler, a closure device for surgical procedures.
  • In April 2022, Ethicon, Inc., a subsidiary of Johnson & Johnson, launched the Enseal X1 Straight Jaw Tissue Sealer, a sealing device for a tighter seal in several surgical procedures.
  • In December 2021, Medtronic plc received a Health Canada license for its Hugo RAS system to expand robotic-assisted surgery.
  • In December 2021, Intuitive Surgical Inc. received US FDA approval for its 8mm SureForm 30 curved tip stapler (closure device).
  • In July 2019, Intuitive Surgical, Inc. acquired Scholly Fiberoptic’s robotic endoscope business. Through this acquisition, the company gained access to Scholly’s robotic endoscope production line.

Key Market Players and Competition Summary

The companies profiled were selected based on data collected from primary experts and by analyzing company coverage, product portfolio and market penetration.

Some players in this market are:

  • Applied Medical Resources Corporation
  • Arthrex, Inc.
  • B. Braun SE
  • Becton, Dickinson and Company
  • Boston Scientific Corporation
  • Cook Group:
  • CONMED Corporation
  • EIZO Corporation
  • Intuitive Surgical, Inc.
  • Johnson & Johnson
  • KARL STORZ SE & Co. KG:
  • Medtronic plc
  • Olympus Corporation
  • Smith & Nephew plc
  • Stryker Corporation
  • Teleflex Included

The main topics covered are:

1 market
1.1 Market Outlook
1.1.1 Product Definition
1.1.2 Inclusion and Exclusion Criteria
1.1.3 Key findings
1.1.4 Assumptions and Limitations
1.1.5 Market growth scenario
1.2 Industry Outlook
1.2.1 Main trends
1.2.1.1 Emerging Market Players in the Canadian Robotics Market
1.2.1.2 Increasing concentration of infection control in medical facilities
1.2.2 Comparative analysis
1.2.2.1 Open, laparoscopic and robot-assisted procedures
1.2.2.2 Challenges in Open Surgery, Laparoscopy and Robot-Assisted Procedures
1.2.3 Patent Analysis
1.2.4 Supply chain analysis
1.2.5 Key enabling technologies
1.2.5.1 Three-dimensional technology in laparoscopic surgery
1.2.5.2 Unattached surgical camera (s-CAM) robot
1.2.6 Regulatory landscape
1.2.7 Product Comparison
1.3 Impact of COVID-19 on the Canadian Laparoscopy Devices Market
1.3.1 Initial COVID-19 scenario
1.3.2 During COVID-19
1.3.3 Future Impact of COVID-19
1.4 Business Dynamics
1.4.1 Impact Analysis
1.4.2 Business drivers
1.4.2.1 Increasing preference for minimally invasive procedures
1.4.2.2 Increasing Regulatory Approvals of Robotic Systems
1.4.2.3 Growing elderly population
1.4.2.4 Increasing bariatric surgeries
1.4.3 Business Restrictions
1.4.3.1 Long waiting times for laparoscopic procedures
1.4.3.2 High cost of robotic-assisted surgical systems
1.4.4 Business Opportunities
1.4.4.1 Product portfolio diversification with the introduction of technologically advanced laparoscopic instruments

2 Canada Laparoscopy Devices Market (By Product)
2.1 Overview
2.2 Opportunity Assessment
2.3 Growth shares matrix
2.4 Conventional Laparoscopy Devices Market
2.4.1 Laparoscopes
2.4.1.1 Average selling price
2.4.1.2 Unit Sale
2.4.1.3 Market Size and Forecast
2.4.2 Power devices
2.4.3 Hand tools
2.4.4 Access Devices
2.4.5 Closing Devices
2.4.6 Inflators
2.4.7 Other
2.4.7.1 Market Size and Forecast
2.5 Robotic-assisted laparoscopy devices
2.5.1 Robotic systems
2.5.1.1 Average Sales Price
2.5.1.2 Unit Sale
2.5.1.3 Installed Volume
2.5.1.4 Market Size and Forecast
2.5.1.5 Return on Investment (ROI)
2.5.2 Tools and Accessories
2.5.3 Services

3 Canada Laparoscopy Devices Market (By Application)
3.1 Overview
3.2 Opportunity Assessment
3.3 General surgery
3.3.1 Scope of the Procedure
3.3.2 Market Size and Forecast
3.4 Gynecological surgery
3.5 Urological surgery
3.6 Bariatric surgery
3.7 Other operations

4 Canada Laparoscopy Devices Market (By End User)
4.1 Overview
4.2 Opportunity Assessment
4.3 Hospitals
4.4 Ambulatory Surgery Centers
4.5 Other

5 Markets – Competitive Benchmarks and Company Profiles
5.1 Competitive Landscape
5.1.1 Key Strategies and Developments
5.1.1.1 Regulatory and Legal Activities
5.1.1.2 Funding Activity
5.1.1.3 New Offers
5.1.1.4 Mergers and Acquisitions
5.1.1.5 Partnerships, Collaborations and Business Expansion
5.1.2 Basic development analysis
5.2 Company Profiles
5.2.1 Company Overview
5.2.2 Role of Applied Medical Resources Corporation in the Canadian Laparoscopy Devices Market
5.2.3 Product Portfolio
5.2.4 Analyst perception

For more information on this report, visit https://www.researchandmarkets.com/r/7uhsvj

  • Canadian Laparoscopy Devices Market

        

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