Canada Digital Diabetes Management Market Size & Outlook
Canada digital diabetes management market, 2018-2030 (US$M)
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Canada digital diabetes management market highlights
- The Canada digital diabetes management market generated a revenue of USD 3,748.9 million in 2022 and is expected to reach USD 6,549.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, continuous blood glucose monitoring system was the largest revenue generating product in 2022.
- Smart insulin pens is the most lucrative product segment registering the fastest growth during the forecast period.
Digital diabetes management market data book summary
| Market revenue in 2022 | USD 3,748.9 million |
| Market revenue in 2030 | USD 6,549.8 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Continuous blood glucose monitoring system |
| Fastest growing segment | Smart insulin pens |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart glucose meter, Continuous blood glucose monitoring system, Smart insulin pens, Smart insulin pumps, Apps |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, Roche Holding AG ADR, Bayer AG, Sanofi SA, DexCom Inc, Insulet Corp, PHC Holdings Corp, B. Braun Medical, Brigade High Income Founders |
Other key industry trends
- In terms of revenue, Canada accounted for 31.8% of the global digital diabetes management 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. digital diabetes management 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 8,080.8 million by 2030.
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Digital Diabetes Management Market Scope
Digital Diabetes Management Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada digital diabetes management 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 digital diabetes management market will help companies and investors design strategic landscapes.
Continuous blood glucose monitoring system was the largest segment with a revenue share of 40.32% in 2022. Horizon Databook has segmented the Canada digital diabetes management market based on smart glucose meter, continuous blood glucose monitoring system, smart insulin pens, smart insulin pumps, apps covering the revenue growth of each sub-segment from 2018 to 2030.
Key market drivers are expected to be the growth in R&D efforts undertaken in the field of digital diabetes and imminent product launches. In February 2019, Dexcom G6 CGM System received Health Canada’s approval for sales. In October 2018, Tandem Diabetes Care, Inc, received Health Canada’s Medical Devices Approval for its t: slim x2 insulin pump.
This was the only Insulin pump that can connect with the Dexcom G5 Mobile CGM. An increasing incidence of diabetes and growing geriatric population are expected to boost the market.
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Target buyers of Canada digital diabetes management market databook
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Our clientele includes a mix of digital diabetes management 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada digital diabetes management market, including forecasts for subscribers. This country databook contains high-level insights into Canada digital diabetes management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada digital diabetes management market size, by product, 2018-2030 (US$M)
Canada Digital Diabetes Management Market Share, 2022 & 2030 (US$M)
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