Canada Patient Monitoring Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Canada Patient Monitoring Devices Market is Segmented by Type of Device, Application (Cardiology, Neurology, Respiratory, Fetal and Neonatal, Weight Management and Fitness Monitoring and Other Applications) and End user

Market Snapshot

Canada Patient Monitoring Devices
Study Period: 2018 - 2026
Base Year: 2019
CAGR: 6.5 %

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Market Overview

The Canada Patient Monitoring Devices Market is expected to grow due to the rising burden of chronic diseases and the growing preference for home and remote monitoring. 

The Canada patient monitoring devices market is found witnessing the growing burden of chronic diseases in the country. This rising burden is associated with the rapidly changing lifestyle of Canadian people. Consumption of junk food, along with busy and stressful lives have negatively affected the health of Canadians. Added to this there is also an prevalence of chronic obstructive pulmonary disorder (COPD) that is rising across the country.

Therefore the above-mentioned factors indicates that the country is currently facing a high burden of chronic diseases that include conditions such as Obesity, Dementia, Cancer, etc. These diseases require frequent hospitalization or timely monitoring of the patients. Therefore, as the number of chronic disorders are on the rise, the demand for patient monitoring devices is high and is believed to grow in Canada over the forecast period.

Scope of the report

As per the scope of this report, patient monitoring devices are monitoring devices that continuously monitor the patient’s vital parameters, like blood pressure and heart rates, by using a medical monitor and collecting medical (and other) data from individuals.

By Type of Device
Hemodynamic Monitoring Devices
Neuromonitoring Devices
Cardiac Monitoring Devices
Multi-parameter Monitors
Respiratory Monitoring Devices
Remote Patient Monitoring Devices
Other Types of Devices
By Application
Cardiology
Neurology
Respiratory
Fetal and Neonatal
Weight Management and Fitness Monitoring
Other Applications
By End Users
Home Healthcare
Hospitals and Clinics
Other End Users

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Key Market Trends

Hemodynamic Monitoring Devices is Expected to Witness a High CAGR During the Forecast Period

Hemodynamic monitoring devices are the devices required for critically ill patients, for continuous monitoring of their hemodynamic parameters, such as cardiac output and blood pressure (BP). The main function of these systems is to monitor the cardiac activity. Therefore with the increasing number of chronic diseases along with the rising geriatric people in the country, has incraesed the demand for hemodynamic monitors in Canada. Hnece this is likely to fuel the demand for hemodynamic monitoring further, which, in turn, is expected to drive the Canadian patient monitoring devices market.

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Competitive Landscape

The Canada Patient Monitoring Devices is fragmented in nature, and is found having presence of large number of small scale and large scale home medical device and services providers. Some of the prominent home healthcare devices and service providers in the market are Abbott Laboratories, Baxter International Inc., Boston Scientific Corporation, Philips and many others.

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 Market Drivers

      1. 4.2.1 Rising Burden of Chronic Diseases due to Lifestyle Changes

      2. 4.2.2 Growing Preference for Home and Remote Monitoring

    3. 4.3 Market Restraints

      1. 4.3.1 Resistance Toward the Adoption of Patient Monitoring Systems

      2. 4.3.2 High Cost of Technology

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Device

      1. 5.1.1 Hemodynamic Monitoring Devices

      2. 5.1.2 Neuromonitoring Devices

      3. 5.1.3 Cardiac Monitoring Devices

      4. 5.1.4 Multi-parameter Monitors

      5. 5.1.5 Respiratory Monitoring Devices

      6. 5.1.6 Remote Patient Monitoring Devices

      7. 5.1.7 Other Types of Devices

    2. 5.2 By Application

      1. 5.2.1 Cardiology

      2. 5.2.2 Neurology

      3. 5.2.3 Respiratory

      4. 5.2.4 Fetal and Neonatal

      5. 5.2.5 Weight Management and Fitness Monitoring

      6. 5.2.6 Other Applications

    3. 5.3 By End Users

      1. 5.3.1 Home Healthcare

      2. 5.3.2 Hospitals and Clinics

      3. 5.3.3 Other End Users

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Baxter International Inc.

      3. 6.1.3 Boston Scientific Corporation

      4. 6.1.4 Becton, Dickinson and Company

      5. 6.1.5 General Electric Company (GE Healthcare)

      6. 6.1.6 Johnson & Johnson

      7. 6.1.7 Masimo Corporation

      8. 6.1.8 Medtronic Care Management Services LLC

      9. 6.1.9 Omron Corporation

      10. 6.1.10 Koninklijke Philips NV

      11. 6.1.11 Siemens Healthcare GmbH

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Canada Patient Monitoring Devices Market market is studied from 2018 - 2026.

The Canada Patient Monitoring Devices Market is growing at a CAGR of 6.5% over the next 5 years.

Abbott Laboratories, Boston Scientific Corporation, Becton, Dickinson and Company, GE Healthcare, Masimo Corporation are the major companies operating in Canada Patient Monitoring Devices Market.

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