Canada Cardiovascular Market Analysis


  • Type: Therapeutics Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3002

  • Format: PPT, PDF

Canada Cardiovascular Therapeutics Market: Segmented by Device Type (Diagnostics and Monitoring Devices and Therapeutic and Surgical Devices) and by Drug Type (Antihypertensive, Antihyperlipidemic, Anticoagulants and Antiarrhythmics)- Growth, Trends, and Forecasts (2019 – 2028)

SKU: 3002 Categories: ,

Canada’s Cardiovascular therapeutics market size stood at around USD XX.X billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 3.8% during the forecast period.

Cardiovascular diseases are the leading cause of death in Canada. In 2019, around 189 out of 100,000 Canadians died from major cardiovascular diseases. In addition, Cardiovascular Diseases are associated with significant health consequences for the individual and result in high medical costs for society. As per the Heart & Stroke’s analysis of Canadian hospitalization data, between 2007-2017, there was a 68% increase in hospitalizations across all age groups for cardiovascular disease.

Market Driving Factors

The major factors driving the growth of the market in Canada are due to the increasing burden of cardiovascular diseases and increased adoption of minimally invasive procedures. The market is driven by a host of factors which includes rise in aging population, rise in per capita spending on healthcare and epidemic of general medical issues like obesity and diabetes. As per the Heart and Stroke Foundation 2019 report, each year more than 62,000 people get attack with stroke in Canada, and that number is expected to rise. More than 405,000 people in the country live with the effects of stroke. Thus, owing to the high prevalence of heart diseases in Canada which is expected to show a significant growth rate over the forecast period.

Major Cardiovascular Diseases

Canada cardiovascular therapeutics market can be segmented based on type of disease. These various cardiovascular diseases are Ischemic heart disease, Cerebrovascular disease (Stroke), Peripheral vascular disease, Heart failure, Rheumatic heart disease, Congenital heart disease. Among these, Ischemic heart disease is the most common type of cardiovascular disease in Canada, it refers to problems with the circulation of blood to the heart muscle.

1. Canada Cardiovascular Therapeutics Market Overview………………………………
A. Market Size
2. Market Driving Factors……………..…………………………….……………
a. Rise in aging population
b. Rise in per capita spending on healthcare
c. Cardiovascular disease being major cause of death
3. Major Cardiovascular Diseases………………………………………………………….
A. Ischemic heart disease
B. Cerebrovascular disease (Stroke)
C. Peripheral vascular disease
D. Heart failure
E. Rheumatic heart disease
F. Congenital heart disease
4. Cardiovascular Therapeutics Market Segmentation……………………………………
A. By Device Type
a. Diagnostics and Monitoring Devices
b. Therapeutic and Surgical Devices
B. By Drug Type
a. Antihypertensive
b. Antihyperlipidemic
c. Anticoagulants
d. Antiarrhythmics
5. Cardiovascular Therapeutics Major Products Market Share……………………….
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. Eli Lilly Company overview, Product & Services, Strategies & Financials
B. Abbott Laboratories Company overview, Product & Services, Strategies Financials.
C. Medtronic PLC Company overview, Product & Services, Strategies Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Cardiovascular Therapeutics Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Type of Device:

Based on the type of device Canada cardiovascular market is segmented into two types they are diagnostics and monitoring devices (electrocardiogram (ECG), remote cardiac monitoring, other diagnostic and monitoring devices) and therapeutic and surgical devices (cardiac assist devices, cardiac rhythm management device, catheter, grafts, heart valves, stents, and other therapeutic and surgical devices). Among these ECG Devices are expected to hold the largest share of the cardiac monitoring devices market owing to the technological advancements such as the incorporation of advanced algorithms, wireless features, and better connectivity with cardiovascular information systems (CVIS). Cardiac Rhythm Management Device also forecasted to hold larger share in the market.

By Drug Type:

On lines with global scenario, Canadian cardiovascular therapeutics market can also be segmented based on drug type as antihypertensive, antihyperlipidemic, anticoagulants, antiarrhythmics. The Anticoagulants segments are estimated to hold a dominant share in the Canadian Market, due to their status as comparatively expensive drugs and critical life-preserving functions they perform. Antihypertensives are forecasted to hold the secondary position in drug market.

Major Players

The Canada cardiovascular devices market is dominated by few top Players. Recently Eli Lilly Company announced that Health Canada approved its ne breakthrough medicine Trulicity (dulaglutide) which helps to reduce the risk of non-fatal stroke in adults with type 2 diabetes mellitus who have multiple cardiovascular risk factors or established cardiovascular disease, as an adjunct to diet, exercise, and standard of care therapy. Other major players are Abbott Laboratories, Medtronic PLC, Boston Scientific Corporation, Cardinal Health Inc., etc.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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