Market Size of Canada Anesthesia Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 674.88 Million |
| Market Size (2029) | USD 942.14 Million |
| CAGR (2024 - 2029) | 6.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Anesthesia Devices Market Analysis
The Canada Anesthesia Devices Market size is estimated at USD 674.88 million in 2024, and is expected to reach USD 942.14 million by 2029, growing at a CAGR of 6.90% during the forecast period (2024-2029).
The growth in the geriatric population is likely to result in a significant increase in the demand for the surgeries in Canada. The overall increase in the number of surgeries performed has a strong impact on the anesthesia devices market in Canada, as anesthetic devices are used in surgical procedures to reduce the pain.
The geriatric population is highly prone to degenerative diseases and chronic illnesses, which has caused an increased verge on surgeries and therapeutics. This demands for continuous monitoring, and it is thus expected to drive the growth of the anesthesia devices market. Increasing investments in the market, supporting the technological advancements in anesthesia machines and techniques, are having a major impact on the market growth, enabling faster deployment in the healthcare industry.
Canada Anesthesia Devices Industry Segmentation
As per the scope of the report, anesthesia devices are used to check a patient's response toward anesthesia during a surgical process. The requirement of these devices depends upon the type of surgery being performed, and it differs in every case. These devices help the anesthetist to monitor the dose of anesthesia. In the report, a detailed analysis of the anesthesia devices in canada is provided.
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Canada Anesthesia Devices Market Size Summary
The Canada Anesthesia Devices Market is poised for significant growth over the forecast period, driven by an increasing geriatric population and the subsequent rise in surgeries. As the elderly population becomes more susceptible to degenerative diseases and chronic conditions, the demand for surgical procedures—and consequently, anesthesia devices—has surged. This trend is further supported by advancements in technology and increased investments in the market, which are enhancing the capabilities and deployment of anesthesia machines. These devices play a crucial role in monitoring patients during surgeries by recording vital signs and administering anesthetic substances, thereby ensuring patient safety and comfort.
The market's expansion is also fueled by the rising number of emergency visits in Canada, which necessitates the use of anesthesia monitors. Canada's developed healthcare system, coupled with its proximity to the United States, attracts many global players in the anesthesia devices sector, making it a fertile ground for innovation and technological adoption. Companies like B. Braun Melsungen AG, Medtronic PLC, Draegerwerk AG, Philips, and Fisher & Paykel Healthcare are actively participating in this market, capitalizing on the opportunities presented by the country's advanced healthcare infrastructure and openness to new technologies.
Canada Anesthesia Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Geriatric Population and a Rise in the Number of Surgical Procedures Requiring Anesthesia
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1.2.2 Large Patient Pool Due to Chronic Diseases
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1.2.3 Technological Advancements in Anesthesia Technology
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1.3 Market Restraints
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1.3.1 Difficulties Associated with the Usage of Anesthesia Devices
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1.3.2 Issues regarding Product Recalls
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Anesthesia Machines
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2.1.1.1 Anesthesia Workstation
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2.1.1.2 Anesthesia Delivery Machines
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2.1.1.3 Anesthesia Ventilators
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2.1.1.4 Anesthesia Monitors
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2.1.2 Anesthesia Disposables & Accessories
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2.1.2.1 Anesthesia Circuits (Breathing Circuits)
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2.1.2.2 Anesthesia Masks
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2.1.2.3 Endotracheal Tubes (ETTs)
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2.1.2.4 Laryngeal Mask Airways(LMAs)
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Canada Anesthesia Devices Market Size FAQs
How big is the Canada Anesthesia Devices Market?
The Canada Anesthesia Devices Market size is expected to reach USD 674.88 million in 2024 and grow at a CAGR of 6.90% to reach USD 942.14 million by 2029.
What is the current Canada Anesthesia Devices Market size?
In 2024, the Canada Anesthesia Devices Market size is expected to reach USD 674.88 million.
