Canada Cardiac Rhythm Management Devices Market Size & Outlook
Canada cardiac rhythm management devices market, 2018-2030 (US$M)
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Canada cardiac rhythm management devices market highlights
- The Canada cardiac rhythm management devices market generated a revenue of USD 1,113.8 million in 2024 and is expected to reach USD 1,629.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.5% from 2025 to 2030.
- In terms of segment, defibrillators was the largest revenue generating product in 2024.
- Defibrillators is the most lucrative product segment registering the fastest growth during the forecast period.
Cardiac rhythm management devices market data book summary
| Market revenue in 2024 | USD 1,113.8 million |
| Market revenue in 2030 | USD 1,629.7 million |
| Growth rate | 6.5% (CAGR from 2024 to 2030) |
| Largest segment | Defibrillators |
| Fastest growing segment | Defibrillators |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pacemakers, Defibrillators, Cardiac Resynchronization Therapy (CRT) |
| Key market players worldwide | Stryker Corp, BIOTRONIK, SCHILLER, Medtronic PLC, Abbott Laboratories, Koninklijke Philips NV, ZOLL Medical Corporation, Boston Scientific Corp, LivaNova PLC, Progetti Medical |
Other key industry trends
- In terms of revenue, Canada accounted for 6.5% of the global cardiac rhythm management devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cardiac rhythm management devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,629.7 million by 2030.
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Cardiac Rhythm Management Devices Market Scope
Cardiac Rhythm Management Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada cardiac rhythm management devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cardiac rhythm management devices market will help companies and investors design strategic landscapes.
Defibrillators was the largest segment with a revenue share of 43.17% in 2024. Horizon Databook has segmented the Canada cardiac rhythm management devices market based on pacemakers, defibrillators, cardiac resynchronization therapy (crt) covering the revenue growth of each sub-segment from 2018 to 2030.
Sudden Cardiac Arrest (SCA) is a leading cause of death in Canada, resulting in thousands of fatalities each year. According to the Heart and Stroke Foundation (HSF) of Canada, an estimated 60,000 residents experience SCA annually. The high incidence of SCA underscores the critical need for effective interventions & treatments to prevent mortality and improve patient outcomes.
SCA is a medical emergency that requires immediate intervention to restore normal heart rhythm and prevent irreversible damage or death. CRMDs, such as Implantable Cardioverter-Defibrillators (ICDs), are essential devices for delivering life-saving therapy, such as defibrillation, in the event of SCA. These factors are expected to support market growth in the forecast period.
Moreover, increasing government initiatives is one of the major factors that drive the market in the country. For instance, in May 2022, the government of Canada announced the funding of USD 5 million to support a new national research network that focuses on improving the treatment, diagnosis, prevention, and care of heart failure across the country.
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Our clientele includes a mix of cardiac rhythm management devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada cardiac rhythm management devices market, including forecasts for subscribers. This country databook contains high-level insights into Canada cardiac rhythm management devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cardiac rhythm management devices industry size, by product, 2018-2030 (US$M)
Canada Cardiac Rhythm Management Devices Market Share, 2024 & 2030 (US$M)
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