Canada Digital Patient Monitoring Devices Market Size & Outlook
Canada digital patient monitoring devices market, 2018-2030 (US$M)
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Canada digital patient monitoring devices market highlights
- The Canada digital patient monitoring devices market generated a revenue of USD 7,119.9 million in 2023 and is expected to reach USD 35,292.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 25.7% from 2024 to 2030.
- In terms of segment, wearable devices was the largest revenue generating type in 2023.
- MHealth is the most lucrative type segment registering the fastest growth during the forecast period.
Digital patient monitoring devices market data book summary
| Market revenue in 2023 | USD 7,119.9 million |
| Market revenue in 2030 | USD 35,292.3 million |
| Growth rate | 25.7% (CAGR from 2023 to 2030) |
| Largest segment | Wearable devices |
| Fastest growing segment | MHealth |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wireless Sensor Technology, MHealth, Telehealth, Wearable Devices, Remote Patient Monitoring |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, AT&T, Athenahealth, Abbott Laboratories, Koninklijke Philips NV, Hill-Rom, Medtronic PLC, OMRON Corp, Fitbit, Garmin Ltd, ResMed Inc, Siren |
Other key industry trends
- In terms of revenue, Canada accounted for 5.1% of the global digital patient monitoring 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. digital patient monitoring 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 35,292.3 million by 2030.
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Digital Patient Monitoring Devices Market Scope
Digital Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada digital patient 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 digital patient monitoring devices market will help companies and investors design strategic landscapes.
Wearable devices was the largest segment with a revenue share of 31.3% in 2023. Horizon Databook has segmented the Canada digital patient monitoring devices market based on wireless sensor technology, mhealth, telehealth, wearable devices, remote patient monitoring covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian digital patient monitoring devices market is expected to witness growth during the forecast period, which can be attributed to rising burden of chronic diseases in the country. This growing burden is correlated with the rapidly changing lifestyle of Canadian people.
Rising consumption of junk food, along with stressful and busy lives, has adversely affected health of the population. In addition, there is significant prevalence of COPD, which is increasing across Canada.
As a result of the aforementioned factors, the country is currently facing a high burden of chronic diseases, such as cancer, obesity, and diabetes. These diseases necessitate frequent hospitalization or close monitoring of patients.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada digital patient monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada digital patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada digital patient monitoring devices market size, by type, 2018-2030 (US$M)
Canada Digital Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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