Canada Diabetes Care Drugs and Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Segmented by Drugs(by Category (Insulin, Oral Anti-Diabetic Drugs, Non-Insulin Injectable Drugs, and Combination Drugs), by Segment (Basal or Long-acting, Bolus or Fast-acting, Traditional Human Insulin Drugs, Insulin Biosimilars, GLP-1 Receptor Agonists, Alpha-Glucosidase Inhibitors, DPP-4 Inhibitors, and SGLT-2 Inhibitors))and Devices( Management Devices (Insulin Pumps, Insulin Pens, Syringes, Cartridges, and Jet Injectors) and Monitoring Devices (Self-monitoring Blood Glucose and Continuous Glucose Monitoring))

Market Snapshot

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Study Period: 2018 - 2026
Base Year: 2020
CAGR: >5 %

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Market Overview

Canada diabetes care Drugs and Devices market is expected to register a CAGR of above 5.3% during the forecast period (2019-2025).

  • Monitoring devices are anticipated to dominate the market during the forecast period, owing to the rising prevalence of diabetes and an increase in the number of device users in the country.
  • There has been a significant rise in insulin delivery systems technology, from insulin injections to insulin pumps.
  • Canada diabetes care devices market, the monitoring devices occupy the highest market share of 11.28% for the year 2019. The Self-monitoring blood glucose devices occupy the highest market share with test strips being highest in volume.

Scope of the Report

The market is segmented by Drugs (by Category (Insulin, Oral Anti-Diabetic Drugs, Non-Insulin Injectable Drugs, and Combination Drugs), by sub-segment (Basal or Long-acting, Bolus or Fast-acting, Traditional Human Insulin Drugs, Insulin Biosimilars, GLP-1 Receptor Agonists, Alpha-Glucosidase Inhibitors, DPP-4 Inhibitors, and SGLT-2 Inhibitors)) and Devices ( Management Devices (Insulin Pumps, Insulin Pens, Syringes, Cartridges, and Jet Injectors) and Monitoring Devices (Self-monitoring Blood Glucose and Continuous Glucose Monitoring)).

Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Egypt
Rest of Middle East and Africa

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Key Market Trends

Sulfonylureas and Metformin held 67% of share in the Canada oral diabetes drugs market in 2019.

In 2019, Metformin holds 28.64% of the market share in Canada diabetes drugs and devices market. Metformin has proved to be an effective medication for diabetes treatment when the diet is not enough to provide a healthy way of life. Rather than other drugs that stimulate the release of insulin, metformin increases the body's sensitivity to insulin, thus, helping in reducing a patient’s blood sugar level. Asia-Pacific holds the highest market share due to many generic players in the Metformin market. Sulfonylureas hold the highest market in Canada oral diabetes drugs market, second-generation Sulfonylureas which have fewer side effects, include Glipizide (Glucotrol), Glyburide (Micronase, Glynase PresTabs, and DiaBeta), and the newest drug, Glimepiride (Amaryl). A single-dose, extended-release form of Glipizide called Glucotrol XL is also available.

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Monitoring Devices recorded the Highest Market Share in the Canada Diabetes Devices Market

In Canada Diabetes Devices monitoring Devices, Monitoring Devices holds 48.7% of the market share in 2019. The personal-use glucometer is expected to see high sales in the future, owing to the rising awareness and reducing costs associated with the glucometer. Due to favorable healthcare insurance policies, the glucometer segment of the market studied is expected to witness high growth, during the forecast period. Canada Monitoring Devices market increasing is due to the increase in Continuous Glucose Monitoring Devices (CGM) usage. In 2019, DexCom Inc., launched the Dexcom G6 CGM System for people with diabetes ages two years and up in Canada.

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Competitive Landscape

There have been constant innovations driven by manufacturers to compete in the market. The major players, such as Abbott and Medtronic, have undergone many mergers, acquisitions, and partnerships, to establish market dominance, while also adhering to organic growth strategies, which is evident from the R&D spending of these companies. The manufacturers of insulin delivery devices are spending a massive amount on the R&D of the devices. For example, Novo Nordisk partnered with Abbott Diabetes Care, which may help to enable insulin data to be shared between Novo Nordisk connected insulin pens and digital health tools compatible with the FreeStyle Libre portfolio of products. Mega Blockbuster Lantus, manufactured by Sanofi, led the basal insulin field. Lantus generated global sales of more than USD 7 billion at its peak in 2014. In 2019, DexCom Inc. is now accepting orders for the Dexcom G6 CGM System for people with diabetes ages two years and up in Canada.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 US

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

        4. 5.1.1.4 Rest of North America

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

        2. 5.1.2.2 UK

        3. 5.1.2.3 France

        4. 5.1.2.4 Russia

        5. 5.1.2.5 Spain

        6. 5.1.2.6 Rest of Europe

      3. 5.1.3 Asia Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Japan

        3. 5.1.3.3 India

        4. 5.1.3.4 South Korea

        5. 5.1.3.5 Rest of Asia-Pacific

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Argentina

        3. 5.1.4.3 Rest of South America

      5. 5.1.5 Middle East and Africa

        1. 5.1.5.1 UAE

        2. 5.1.5.2 Saudi Arabia

        3. 5.1.5.3 South Africa

        4. 5.1.5.4 Egypt

        5. 5.1.5.5 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Mergers & Acquisitions

    3. 6.3 Company Profiles

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Canada Diabetes Care Drugs And Devices Market market is studied from 2018 - 2026.

The Canada Diabetes Care Drugs And Devices Market is growing at a CAGR of >5% over the next 5 years.

Roche, Medtrionic, Sanofi, Novo Nordisk, Omnipod are the major companies operating in Canada Diabetes Care Drugs And Devices Market.

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