Canada Hospital Supplies Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Canada Hospital Supplies Market Analysis
The Canada Hospital Supplies Market is expected to grow at a CAGR of 6.6% over the forecast period (2022-2027).
The COVID-19 pandemic created havoc in the Canadian healthcare system and impacted the study market. Since only emergency cases were allowed for treatment and diagnosis, the market growth for hospital supplies decreased during the initial phase of the pandemic. However, during the latter phase of the pandemic, the increasing cases of chronic diseases in Canada demanded hospital admissions. This is anticipated to have a positive impact on the studied market. For instance, in May 2021, Canada became the first country to support COVID-19 therapeutics via a new United Nations International Children's Emergency Fund (UNICEF) fund, and low-and middle-income countries benefited from Canadian contributions in support of global equitable access to lifesaving COVID-19 medical supplies. With such initiatives by the government during the COVID-19 pandemic, the demand for hospital supplies has also increased. Therefore, the pandemic is expected to significantly impact the studied market growth.
Factors such as the increase in the geriatric population, in-patient admissions, and technological advancements in hospital supplies are fuelling market growth.
Cancer, heart disease, diabetes, and stroke are among the most common chronic diseases in Canada, creating favorable opportunities for the studied market in the country and driving market growth over the analysis period. As per data updated by the government of Canada in July 2021, overall, 6.3 million people aged 65 or more were estimated to be living with chronic conditions in 2021 in Canada. In addition, diabetes is one of the chronic illnesses that affects Canadians of all ages. In a press release published in August 2021, the government of Canada stated that more than 3 million Canadians, or 8.8% of the population, have been diagnosed with diabetes and that 6.1% of Canadian adults are at high risk of developing diabetes. Thus, the burden of diabetes in the country is expected to drive the demand for patient examinations, which is expected to increase the demand for patient examination devices or other monitoring devices, thereby driving market growth. Thus, the incidence of chronic diseases is increasing the treatment and patient care in Canada in healthcare settings. This is expected to increase demand for various hospital supplies, driving the market's growth.
Furthermore, the strategic activities of regional and global players in the form of product launches, acquisitions, mergers, and expansions are expanding the hospital supplies market in Canada. For instance, in December 2021, Hyperfine, Inc., developer of the first Food and Drug Administration (FDA)-cleared portable magnetic resonance imaging (MRI) device, Swoop, received a license from Health Canada for Swoop as well as the commercial launch of the imaging system in Canada. The license for Swoop includes the recently FDA-cleared advanced reconstruction software using deep learning. With this license, the Swoop system is now commercially available in Canada. Such developments are predicted to contribute to the studied market growth.
Therefore, owing to the factors mentioned above, the market under study is anticipated to grow over the forecast period.
Canada Hospital Supplies Market Trends
This section covers the major market trends shaping the Canada Hospital Supplies Market according to our research experts:
Sterilization and Disinfectant Supplies Expected to Hold Major Share in the Market Studied
For hospitals and patients in hospitals, cleaning, disinfection, and sterilization play a significant role. Currently, in Canada, there is a high expenditure on hospital supplies to maintain the cleanliness of equipment (such as prevention of healthcare-associated infections), surgical instruments, and staff hygiene. To avoid infections in hospital settings and home care as well, sterilization and disinfectant products are witnessing high demand among end users. This is anticipated to drive segment growth over the forecast period.
Owing to the increasing cases of infectious diseases, the demand for sterilization and disinfection supplies is increasing in Canada. For instance, COVID-19 had a significant impact on segment growth. The emerging cases of COVID-19 in the country have created opportunities for sterilization and disinfection products. In this context, in January 2021, Health Canada approved 'Five SC Johnson Disinfectants' that are proven to kill SARS-CoV-2. Thus, the pandemic has had a significant impact on segment growth.
Furthermore, the market players in Canada are more focused on maintaining their market position and continuously focusing on new product developments. In this case, in January 2022, HealthPRO launched several new contracts which provide a full range of medical device reprocessing (MDR) equipment. This includes automated washing and thermal disinfection systems; steam and low-temperature sterilization equipment; and various sized cart washers.
In addition, in July 2022, Charlotte Products Blog launched Enviro-Solutions ES21 Enhanced Hydrogen Peroxide Disinfectant, which is a ready-to-use disinfectant that was designed for use in facilities that require no fragrances or dyes. Such developments are anticipated to drive segment growth.
Therefore, owing to the factors mentioned above, the segment is expected to witness growth over the analysis period.
Canada Hospital Supplies Industry Overview
The Canada Hospital Supplies Market is competitive and consists of several market players. The leading vendors of hospital supplies in the Canadian market include Cardinal Health Inc. and 3M Healthcare. Other leading vendors include Boston Scientific and B. Braun Melsungen. The disposable hospital supplies market in Canada consists of both big companies and many small companies.
Canada Hospital Supplies Market Leaders
Boston Scientific Corporation
GE Healthcare
3M
Baxter
McKesson Corporation
*Disclaimer: Major Players sorted in no particular order
Canada Hospital Supplies Market News
- In August 2022, Voran Group Ventures Ltd received marketing authorization from Health Canada on new efficacy claims for a made-in-Canada disinfectant solution, Bacoban (106) Cleaner & Disinfectant. The new label reflects Voran's commitment to supplying Canadians with a standard of protection against the growing threats from infectious diseases.
- In May 2022, the government of Canada took a whole-of-government approach in response to the coronavirus disease (COVID-19), including major investments in equipment and supplies for health and essential service sectors, as well as research, science, and innovation. In addition, the Government of Canada ordered just over 40,000 ventilators to ensure that Canada's long-term needs for COVID-19 were met.
Canada Hospital Supplies Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Geriatric Population and In-patient Admissions in Hospitals
4.2.2 Technological Advancements in Hospital Supplies
4.3 Market Restraints
4.3.1 Growing Popularity of Home Care Services
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Type of Product
5.1.1 Patient Examination Devices
5.1.2 Operating Room Equipment
5.1.3 Mobility Aids and Transportation Equipment
5.1.4 Sterilization and Disinfectant Equipment
5.1.5 Disposable Hospital Supplies
5.1.6 Syringes and Needles
5.1.7 Other Types of Products
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 McKesson Corporation
6.1.2 3M
6.1.3 Henry Schein, Inc.
6.1.4 B Braun SE
6.1.5 Baxter
6.1.6 Becton, Dickinson And Company
6.1.7 Boston Scientific Corporation
6.1.8 Cardinal Health
6.1.9 Medtronic (Covidien)
6.1.10 GE Healthcare
6.1.11 Johnson & Johnson
6.1.12 Smith+Nephew
6.1.13 Stryker
6.1.14 Thermo Fisher Scientific
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Hospital Supplies Industry Segmentation
As per the scope of the report, hospital supplies include every medical utility product that serves both the patient and medical professional with hospital infrastructure and enhances the network and transportation between hospitals. These include hospital equipment, patient aid, mobility equipment, and sterilization disposable hospital supplies. The Canada Hospital Supplies Market is segmented by Type of Product (Patient Examination Devices, Operating Room Equipment, Mobility Aids and Transportation Equipment, Sterilization and Disinfectant Equipment, Disposable Hospital Supplies, and Syringes and Needles). The report offers the value (in USD million) for the above segments.
| By Type of Product | |
| Patient Examination Devices | |
| Operating Room Equipment | |
| Mobility Aids and Transportation Equipment | |
| Sterilization and Disinfectant Equipment | |
| Disposable Hospital Supplies | |
| Syringes and Needles | |
| Other Types of Products |
Canada Hospital Supplies Market Research FAQs
What is the current Canada Hospital Supplies Market size?
The Canada Hospital Supplies Market is projected to register a CAGR of 6.60% during the forecast period (2024-2029)
Who are the key players in Canada Hospital Supplies Market?
Boston Scientific Corporation, GE Healthcare, 3M, Baxter and McKesson Corporation are the major companies operating in the Canada Hospital Supplies Market.
What years does this Canada Hospital Supplies Market cover?
The report covers the Canada Hospital Supplies Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Hospital Supplies Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Hospital Supplies Industry Report
Statistics for the 2024 Canada Hospital Supplies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Hospital Supplies analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
