Canada Smart Medical Devices Market Size & Outlook
Canada smart medical devices market, 2018-2030 (US$M)
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Canada smart medical devices market highlights
- The Canada smart medical devices market generated a revenue of USD 4,422.0 million in 2024 and is expected to reach USD 9,641.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 14% from 2025 to 2030.
- In terms of segment, therapeutic devices was the largest revenue generating product type in 2024.
- Therapeutic Devices is the most lucrative product type segment registering the fastest growth during the forecast period.
Smart medical devices market data book summary
| Market revenue in 2024 | USD 4,422.0 million |
| Market revenue in 2030 | USD 9,641.8 million |
| Growth rate | 14% (CAGR from 2025 to 2030) |
| Largest segment | Therapeutic devices |
| Fastest growing segment | Therapeutic Devices |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostics and Monitoring Devices, Therapeutic Devices |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, Roche Holding AG, DexCom Inc, Masimo Corp, Draegerwerk AG & Co KGaA, SmartCardia, Microlife Corp, Beurer, Adherium Ltd, Ascensia Diabetes Care, LifeScan, AgaMatrix, Arkray, i-SENS Inc, ACON Laboratories, Nipro Corp, Garmin Ltd, Fourth Frontier, Nonin Medical, Sensoria, Sonova Holding AG, WS Audiology, Demant A/S |
Other key industry trends
- In terms of revenue, Canada accounted for 4.9% of the global smart medical 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. smart medical 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 9,641.8 million by 2030.
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Smart Medical Devices Market Scope
Smart Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada smart medical 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 smart medical devices market will help companies and investors design strategic landscapes.
Therapeutic devices was the largest segment with a revenue share of 94.36% in 2024. Horizon Databook has segmented the Canada smart medical devices market based on diagnostics and monitoring devices, therapeutic devices covering the revenue growth of each sub-segment from 2018 to 2030.
Health Canada regulates medical devices to ensure their safety, effectiveness, and quality. The framework includes premarket assessments, post-market surveillance, and compliance with Canadian standards. Manufacturers must provide evidence of safety and effectiveness, and Health Canada conducts inspections to ensure compliance with regulations.
The department also guides the classification and reporting of medical devices to maintain public health standards.
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Our clientele includes a mix of smart medical 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 smart medical devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada smart medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada smart medical devices market size, by product type, 2018-2030 (US$M)
Canada Smart Medical Devices Market Outlook Share, 2024 & 2030 (US$M)
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