Canada Diabetes Devices Market Size & Outlook, 2023-2030
Canada diabetes devices market, 2018-2030 (US$M)
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Canada diabetes devices market highlights
- The Canada diabetes devices market generated a revenue of USD 2,187.9 million in 2023 and is expected to reach USD 3,465.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, insulin delivery devices was the largest revenue generating type in 2023.
- Insulin Delivery Devices is the most lucrative type segment registering the fastest growth during the forecast period.
Diabetes devices market data book summary
| Market revenue in 2023 | USD 2,187.9 million |
| Market revenue in 2030 | USD 3,465.8 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Insulin delivery devices |
| Fastest growing segment | Insulin Delivery Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Glucose Monitoring (BGM) Devices, Insulin Delivery Devices |
| Key market players worldwide | Medtronic PLC, Abbott Laboratories, Roche Holding AG, Bayer AG, Johnson & Johnson, B. Braun, DexCom Inc, Insulet Corp, Ypsomed Holding AG, Sanofi SA, Novo Nordisk A/S ADR, Arkray |
Other key industry trends
- In terms of revenue, Canada accounted for 7.2% of the global diabetes devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. diabetes 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 15,217.7 million by 2030.
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Diabetes Devices Market Scope
Diabetes Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada diabetes 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 diabetes devices market will help companies and investors design strategic landscapes.
Insulin delivery devices was the largest segment with a revenue share of 54.18% in 2023. Horizon Databook has segmented the Canada diabetes devices market based on blood glucose monitoring (bgm) devices, insulin delivery devices covering the revenue growth of each sub-segment from 2018 to 2030.
The market for diabetes devices in the country is majorly captured by global players. The companies are launching various innovative products in the market to stay competitive. Moreover, growing reimbursement policies and initiatives to provide diabetes care in the region are expected to boost the demand for the market.
Some government organizations in association with Diabetes Canada, a federally funded organization, are taking steps to accelerate the development, adaptation, and efficient use of diabetes technologies in the country.
For instance, in October 2020, the Government of Yukon started permanent funding for CGM for patients aged 18 years & below and added the funding to the flash glucose monitors for adults suffering from type 1 diabetes.
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Our clientele includes a mix of diabetes 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 diabetes devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada diabetes devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada diabetes devices market size, by type, 2018-2030 (US$M)
Canada Diabetes Devices Market Outlook Share, 2023 & 2030 (US$M)
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