Market Size of Canada Diabetes Care Drugs And Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 5.40 Billion |
| Market Size (2029) | USD 7.04 Billion |
| CAGR (2024 - 2029) | 4.75 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Diabetes Care Drugs & Devices Market Analysis
The Canada Diabetes Care Drugs And Devices Market size is estimated at USD 5.40 billion in 2024, and is expected to reach USD 7.04 billion by 2029, growing at a CAGR of 4.75% during the forecast period (2024-2029).
In Canada, public health is overseen at the federal, provincial, and regional levels, and the Canadian constitution delegates healthcare authority to the country's ten provinces and three territories. As a result, like the United States, where individual states generally define the COVID-19 response, Canadian provinces mostly selected containment and mitigation plans. Provincial public health authorities collaborated closely with regional public health officers and municipal governments to develop policies and recommendations and put services like testing and contact tracing in place.
Blood pressure regulation was a critical component of diabetes management. Furthermore, even without high blood pressure, certain blood pressure-lowering medications were frequently recommended for people with diabetes to protect them from kidney and heart-related complications. No scientific evidence linked these blood pressure drugs to the likelihood of COVID-19 infection or associated consequences.
In Canada, during the pandemic, many healthcare providers have adopted a hybrid model of care, offering certain types of visits in-person at the clinic and others virtually, by phone, video chat, or secure messaging. Virtual diabetes care may be a new and different experience for you. For tips on preparing for your diabetes visit and managing virtual appointments. Yet, an insulin vial costs less than C$50 in Canada. More and more Americans are traveling up to the north in search of less expensive insulin to store up. Although importing unapproved medications from Canada is technically against the law, regulators often have no problem with people trying to save money while traveling. Those who import medicine for personal use in quantities less than three months "usually do not object," according to the FDA website.
