Canada Vital Signs Monitoring Market Size & Outlook
Canada vital signs monitoring market, 2018-2030 (US$M)
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Canada vital signs monitoring market highlights
- The Canada vital signs monitoring market generated a revenue of USD 155.3 million in 2023 and is expected to reach USD 255.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, blood pressure monitors was the largest revenue generating product in 2023.
- Other Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
Vital signs monitoring market data book summary
| Market revenue in 2023 | USD 155.3 million |
| Market revenue in 2030 | USD 255.5 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Blood pressure monitors |
| Fastest growing segment | Other Vital Sign Monitors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Blood Pressure Monitors, Pulse Oximeters, Temperature Monitoring Devices, Other Vital Sign Monitors |
| Key market players worldwide | Koninklijke Philips NV, Medtronic PLC, Nihon Kohden Corp, GE HealthCare Technologies Inc Common Stock, Masimo Corp, OMRON Corp, A&D Medical, Nonin Medical, SunTech Medical |
Other key industry trends
- In terms of revenue, Canada accounted for 1.6% of the global vital signs monitoring 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. vital signs monitoring 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 6,505.5 million by 2030.
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Vital Signs Monitoring Market Scope
Vital Signs Monitoring Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada vital signs monitoring 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 vital signs monitoring market will help companies and investors design strategic landscapes.
Blood pressure monitors was the largest segment with a revenue share of 48.36% in 2023. Horizon Databook has segmented the Canada vital signs monitoring market based on blood pressure monitors, pulse oximeters, temperature monitoring devices, other vital sign monitors covering the revenue growth of each sub-segment from 2018 to 2030.
According to Hypertension Canada, almost one in five adults suffer from hypertension in Canada. This number nearly comes to about 7.5 million people in Canada. Thus, there may be growth in the blood pressure monitor market in Canada.
According to the Institutes of Health Economics of Canada, about 3% of the countries annual health care spending is on medical devices and diagnostics. Under the Canada Healthcare Act, certain medical devices expenditures are exempted from taxation.
Vital sign monitors like blood pressure monitors, pulse oximeters, and thermometers are not eligible for tax claim. This may decrease the healthcare spending on vital sign monitors. The reimbursement of medical devices in Canada is decided at a hospital level, this is a highly decentralized process.
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Our clientele includes a mix of vital signs monitoring market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada vital signs monitoring market , including forecasts for subscribers. This country databook contains high-level insights into Canada vital signs monitoring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada vital signs monitoring market size, by product, 2018-2030 (US$M)
Canada Vital Signs Monitoring Market Outlook Share, 2023 & 2030 (US$M)
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