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Canada Minimally Invasive Surgical Instruments Market 2019-2025

  • ID: 5116645
  • Report
  • February 2020
  • Region: Canada
  • Orion Market Research Private Limited

FEATURED COMPANIES

  • Abbott Laboratories, Inc.
  • Conavi Medical Inc.
  • Medtronic plc
  • NuMED, Inc.
  • Stryker Corp.
  • Teleflex, Inc.
Canada Minimally Invasive Surgical Instruments Market Size, Share & Trends Analysis Report, By Product (Inflation Systems, Cutter Instruments, Guiding Devices, Handheld Instruments, Stents, Sutures, Monitoring and Visualization Equipment, and Robotic Assisted Surgical Systems), By Technology (Endoscopy, Laparoscopy, Robot-Assisted Methods, Arthroscopic Techniques, and Ablative Methods) and Forecast, 2019-2025.

Canada minimally invasive surgical (MIS) instruments market is expected to grow at a CAGR of around 6.3% during the forecast period. Canada minimally invasive surgical instruments market has been primarily driven by the increasing ageing population and non-communicable diseases in the country. The increasing number of joint replacements is boosting the demand for minimally invasive surgical instruments in Canada. For instance, according to the Canadian Institute for Health Information (CIHI), in 2016-2017, the number of hip replacements performed was 55,981 in Canada. Whereas, this number was 47,541 in 2012-2013. It represents a 17.8% rise in the number of hip replacements from the period 2012-2013 to 2016-2017.

Ontario has the highest number of hip replacements, 18,926 in Canada in 2012-2013 and this number reached to 22,540 in 2016-2017. It was accounted for 19.1% rise in the 5 years. However, Quebec held the second position in with 9,004 hip replacements in 2012-2013. It remains to hold the second position with 10,778 hip replacements in 2016-2017 and representing a 5-year percentage change of 19.7% from the period 2012-2013 to 2016-2017. This, in turn, is expected to contribute to the adoption of minimally invasive joint replacement surgeries and thereby drives the growth of the market.

The major players in the market include Abbott Laboratories, Inc., Stryker Corp., Johnson & Johnson Services, Inc., and Medtronic plc. These companies are adopting several strategies to expand market share and gain a competitive advantage over their competitors. For instance, in June 2017, Stryker declared the acquisition of Novadaq, a Canadian imaging firm for $701 million. Novadaq's technology complements Stryker's advanced imaging portfolio that will expand its product offerings into open and plastic reconstructive surgery.

Research Methodology:

The market study of the Canada MIS Instruments market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The research team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:
  • Financial reports of companies involved in the market
  • Whitepapers, research-papers, and news blogs
  • Company websites and their product catalog

The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Canada Minimally Invasive Surgical Instruments Market Research and Analysis by Product
2. Canada Minimally Invasive Surgical Instruments Market Research and Analysis by Technology
3. Canada Minimally Invasive Surgical Instruments Market Research and Analysis by Application

The Report Covers:
  • Comprehensive Research Methodology of the Canada MIS instruments market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the Canada MIS instruments market.
  • Insights about market determinants which are stimulating the Canada MIS instruments market.
  • Detailed and extensive market segments with regional distribution of forecast revenues.
  • Extensive profiles and recent developments of market players.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Abbott Laboratories, Inc.
  • Conavi Medical Inc.
  • Edwards Lifesciences Corp.
  • Johnson & Johnson Services, Inc.
  • Medtronic plc
  • NuMED, Inc.
  • Stryker Corp.
  • Teleflex, Inc.
  • Terumo Medical Corp.
  • Zimmer Biomet Holdings, Inc.
Note: Product cover images may vary from those shown