Canada Respiratory Market Analysis


  • Type: Therapeutics Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3018

  • Format: PPT, PDF

Canada Respiratory Devices Market: Segmented by type (Diagnostic and Monitoring Devices, Therapeutic Devices, By Disposables) & End User (Hospital and Clinics, Homecare) – Growth, Trends, and Forecasts (2019 – 2028)

SKU: 3018 Categories: ,

Report Overview

Canada’s Respiratory Devices 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 around 8.73% during the forecast period.

The Canadian respiratory devices market was anticipated to record a CAGR of 8.73%, during the forecast period. The major factors attributing to the growth of the Canadian respiratory devices market are the rise in the number of chronic obstructive pulmonary disease patients (COPD), TB, asthma, and pneumonia cases. Chronic respiratory diseases are chronic diseases that affect the airways and other parts of the lungs. In Canada, COPD is the fourth most frequent cause of male hospitalization and the sixth most frequent cause of female hospitalization.

Market Drivers

The increasing prevalence of respiratory disorders, such as COPD, TB, Asthma, technological advancements, and large patient population, growing funding from the government for the health sector are major market drivers for Canada’s respiratory devices market. Also, as per the Asthma.Ca 2019 report, it was reported that more than 3.8 million people in Canada are currently suffering from asthma, with around 850,000 of them being children under 14. Thus, the presence of such a large number of diseases will demand respiratory devices and drive the market in Canada. Furthermore, increasing R&D expenditure by innovators and generic players, technological advancements associated with respiratory devices, and the rising aging population will also fuel the Canadian respiratory devices market.

1. Canada Respiratory Devices Market Overview…………………………………………..
A. Market Size
2. Market Drivers……………………..………………………………………….………….
A. Increasing prevalence of respiratory disorders
B. Technological Advancements
C. Raising aging population
D. Growing funding from the government for the health sector
3. Major Respiratory Diseases………………………………………….……………….
B. Pulmonary Hypertension
C. Asthma
D. Cystic Fibrosis
E. Allergic Rhinitis
F. Idiopathic Pulmonary Fibrosis
4. Respiratory Devices Market Segmentation…………………………………………….
A. By Type
a. Diagnostic and Monitoring Devices
b. Therapeutic Devices
c. By Disposables
B. By End user
a. Hospitals and Clinics
b. Homecare
5. 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. Bayer AG Company overview, Product & Services, Strategies & Financials
B. Pfizer Inc. Company overview, Product & Services, Strategies & Financials
C. Merck & Co 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 Dermatology drug market
B. Future Opportunities
10. Conclusion

Market Segmentation

Respiratory devices comprise respiratory diagnostic devices, therapeutic devices, and breathing devices for administering long-term artificial respiration. It also includes a breathing apparatus used for resuscitation, by forcing oxygen into the lungs of a person who has undergone asphyxia.

By Type:

Canada Respiratory Devices Market can be segmented based on type as:

  • Diagnostic and Monitoring Devices
    • Sleep Test Devices
    • Peak Flow Meters
    • Pulse Oximeters
    • Others
  • Therapeutic Devices
    • CPAP Devices
    • BiPAP Devices
    • Humidifiers
    • Nebulizers
    • Ventilators
    • Oxygen Concentrators
    • Inhalers
    • Others
  • By Disposables
    • Masks
    • Breathing Circuits
    • Others

Due to the rising development of portable devices, such as CleveMed’s SleepView [home sleep monitor], which incorporates multiple tests (oximetry, location, and cardiovascular and respiratory studies), home sleep monitoring is anticipated to experience exponential growth in the Canadian respiratory devices market.

Therapeutic devices are also estimated to witness healthy growth in the future attributed to the growing prevalence of respiratory disorders, rising chronic diseases, and growing geriatric population. The CPAP and BiPAP devices are widely used in the obstructive sleep apnea patient population. The rising sleep apnea population in Canada and the availability of reimbursement coverage in this region are expected to fuel the therapeutic device segment growth. This rising prevalence and enhanced patient compliance will likely positively impact segment growth.

By End user:

Based on end-user, the market is analyzed into hospitals and clinics, and home care. These hospitals are accounting for the largest market share. Growing public-private partnerships to improve access to healthcare services along with rapid developments in healthcare infrastructure are expected to be the key factors driving the growth of the respiratory care devices market for hospitals

Major Players

The Canadian respiratory devices market is competitive consisting of several players. In terms of market share, few of the major players are currently dominating the market and some prominent players are vigorously making acquisitions and joint ventures with other companies to consolidate their market positions in the country. Some of the companies that are currently dominating the market are Bayer AG, Pfizer Inc., Merck & Co. Inc., CooperSurgical Inc., and Allergan PLC.

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

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

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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Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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