Canada Anesthesia Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 674.88 Million |
| Market Size (2029) | USD 942.14 Million |
| CAGR (2024 - 2029) | 6.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Anesthesia Devices Market Analysis
The Canada Anesthesia Devices Market size is estimated at USD 674.88 million in 2024, and is expected to reach USD 942.14 million by 2029, growing at a CAGR of 6.90% during the forecast period (2024-2029).
The growth in the geriatric population is likely to result in a significant increase in the demand for the surgeries in Canada. The overall increase in the number of surgeries performed has a strong impact on the anesthesia devices market in Canada, as anesthetic devices are used in surgical procedures to reduce the pain.
The geriatric population is highly prone to degenerative diseases and chronic illnesses, which has caused an increased verge on surgeries and therapeutics. This demands for continuous monitoring, and it is thus expected to drive the growth of the anesthesia devices market. Increasing investments in the market, supporting the technological advancements in anesthesia machines and techniques, are having a major impact on the market growth, enabling faster deployment in the healthcare industry.
Canada Anesthesia Devices Market Trends
This section covers the major market trends shaping the Canada Anesthesia Devices Market according to our research experts:
Anesthesia Monitors Sub-segment is Expected to Register a High CAGR in the Forecast Period
Anesthesia monitors are used to record and display the delivery of anesthetic substances, like gases, drugs, and fluids to the patient. During surgeries, these are used to check the patients’ health and reaction to the indication of anesthesia. The integration of various functionalities, such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure, coupled with decision support systems and data analysis aids clinicians to get better insights on their patients.
The number of emergency visits is increasing in Canada which is one of the major factor fuelling the market growth. As the number of emergency visits increase in Canada, the demand for Anesthesia monitors is expected to increase as well. This will help the market growth.
Canada Anesthesia Devices Industry Overview
Canada is a developed country with the United States as its neighbor. As a result, it enjoys the presence of most of the global players in the anesthesia devices market. Moreover, the country has a developed healthcare system and rate of adoption of newer technologies is higher. This makes this market more lucrative for innovation, which encourages companies to enter the Canadian market.
Canada Anesthesia Devices Market Leaders
B. Braun Melsungen AG
Medtronic PLC
Draegerwerk AG
Philips
Fisher & Paykel Healthcare
*Disclaimer: Major Players sorted in no particular order
Canada Anesthesia Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Geriatric Population and a Rise in the Number of Surgical Procedures Requiring Anesthesia
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4.2.2 Large Patient Pool Due to Chronic Diseases
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4.2.3 Technological Advancements in Anesthesia Technology
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4.3 Market Restraints
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4.3.1 Difficulties Associated with the Usage of Anesthesia Devices
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4.3.2 Issues regarding Product Recalls
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Anesthesia Machines
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5.1.1.1 Anesthesia Workstation
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5.1.1.2 Anesthesia Delivery Machines
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5.1.1.3 Anesthesia Ventilators
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5.1.1.4 Anesthesia Monitors
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5.1.2 Anesthesia Disposables & Accessories
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5.1.2.1 Anesthesia Circuits (Breathing Circuits)
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5.1.2.2 Anesthesia Masks
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5.1.2.3 Endotracheal Tubes (ETTs)
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5.1.2.4 Laryngeal Mask Airways(LMAs)
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 B. Braun Melsungen AG
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6.1.2 Medtronic PLC
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6.1.3 Draegerwerk AG
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6.1.4 Ambu A/S
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6.1.5 Fisher & Paykel Healthcare
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6.1.6 GE Healthcare
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6.1.7 Philips
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6.1.8 Mindray Medical International Limited
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6.1.9 Smiths Medical
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6.1.10 Teleflex Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Anesthesia Devices Industry Segmentation
As per the scope of the report, anesthesia devices are used to check a patient's response toward anesthesia during a surgical process. The requirement of these devices depends upon the type of surgery being performed, and it differs in every case. These devices help the anesthetist to monitor the dose of anesthesia. In the report, a detailed analysis of the anesthesia devices in canada is provided.
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Canada Anesthesia Devices Market Research FAQs
How big is the Canada Anesthesia Devices Market?
The Canada Anesthesia Devices Market size is expected to reach USD 674.88 million in 2024 and grow at a CAGR of 6.90% to reach USD 942.14 million by 2029.
What is the current Canada Anesthesia Devices Market size?
In 2024, the Canada Anesthesia Devices Market size is expected to reach USD 674.88 million.
Who are the key players in Canada Anesthesia Devices Market?
B. Braun Melsungen AG, Medtronic PLC, Draegerwerk AG, Philips and Fisher & Paykel Healthcare are the major companies operating in the Canada Anesthesia Devices Market.
What years does this Canada Anesthesia Devices Market cover, and what was the market size in 2023?
In 2023, the Canada Anesthesia Devices Market size was estimated at USD 631.32 million. The report covers the Canada Anesthesia Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Anesthesia Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Anesthesia Devices Industry Report
Statistics for the 2024 Canada Anesthesia Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Anesthesia Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
