Canada Continuous Glucose Monitoring Devices Market Size & Outlook
Canada continuous glucose monitoring devices market, 2018-2030 (US$M)
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Canada continuous glucose monitoring devices market highlights
- The Canada continuous glucose monitoring devices market generated a revenue of USD 248.2 million in 2022 and is expected to reach USD 450.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.7% from 2023 to 2030.
- In terms of segment, transmitter & receiver was the largest revenue generating product in 2022.
- Insulin Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
Continuous glucose monitoring devices market data book summary
| Market revenue in 2022 | USD 248.2 million |
| Market revenue in 2030 | USD 450.7 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Transmitter & receiver |
| Fastest growing segment | Insulin Pumps |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensors, Transmitter & Receiver, Insulin Pumps |
| Key market players worldwide | DexCom Inc, Abbott Laboratories, Medtronic PLC, Ypsomed Holding AG, Senseonics Holdings Inc, A.Menarini Diagnostics, Signos |
Other key industry trends
- In terms of revenue, Canada accounted for 5.9% of the global continuous glucose monitoring devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. continuous glucose monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,530.5 million by 2030.
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Continuous Glucose Monitoring Devices Market Scope
Continuous Glucose Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada continuous glucose monitoring 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 continuous glucose monitoring devices market will help companies and investors design strategic landscapes.
Transmitter & receiver was the largest segment with a revenue share of 36.91% in 2022. Horizon Databook has segmented the Canada continuous glucose monitoring devices market based on sensors, transmitter & receiver, insulin pumps covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Canadian Diabetes Association, around 30% of Canadians are currently living with diabetes or prediabetes, with only 10% having been diagnosed so far, and the figure increased to 14% when cases of undiagnosed type 2 diabetes are included.
This can result in a shorter lifespan of up to 15 years due to complications associated with the disease, and the all-cause mortality rate among Canadians with diabetes is twice as high as those without it. However, treatment adherence is often affected by cost.
As most Canadians with diabetes pay over USD 1,500 per year or over 3% of their income for prescribed medications, devices, and supplies out-of-pocket. The continuous monitoring devices market in the country is majorly captured by global players.
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Our clientele includes a mix of continuous glucose monitoring devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada continuous glucose monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada continuous glucose monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada continuous glucose monitoring devices market size, by product, 2018-2030 (US$M)
Canada Continuous Glucose Monitoring Devices Market Outlook Share, 2022 & 2030 (US$M)
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