Canada Ventilator Market Overview, 2028

Canada Ventilator Market Overview, 2028

Numerous respiratory conditions have increased as a result of rising pollution levels, tobacco use, unhealthful lifestyle choices, and dietary patterns. Lung cancer, acute lower respiratory tract infections, asthma, chronic obstructive pulmonary disease (COPD), and TB are among the most frequent respiratory conditions that cause serious illness and death worldwide. Acute respiratory failure brought on by these illnesses needs to be treated with mechanical ventilation. There will probably be a greater need for ventilators in Canada due to the rising incidence of respiratory illnesses there. The government reports that as of August 27, 2020, there were 9,094 fatalities from Corona virus infection and 126,417 instances of the virus. The Canadian Chronic Disease Surveillance System's 2018 study, Asthma and Chronic Obstructive Pulmonary Disease (COPD) in Canada, states that over 3.5 million adults over the age of one have asthma, and over 2 million have chronic obstructive pulmonary disease (COPD). Because of this, it is anticipated that there will be a huge need for ventilators during the pandemic. Ventilator demand is therefore rising due to the increased number of patients afflicted by the pandemic and the rising frequency of respiratory disorders, which is driving market potential. The COVID-19 pandemic has underscored the importance of ventilators, and like many other countries, Canada experienced an increased demand for these devices during the pandemic. Efforts were made to enhance the ventilator supply to meet the needs of patients in various provinces. Canada has a publicly funded healthcare system that provides universal access to medical services. The procurement and distribution of medical equipment, including ventilators, are influenced by federal and provincial healthcare authorities. The Canadian government plays a significant role in the procurement and distribution of medical equipment. Ventilator manufacturers and suppliers engage in contracts with government agencies to provide healthcare facilities across the country with necessary respiratory support equipment.

According to the research report ""Canada Ventilator Market Overview, 2028,"" published by Bonafide Research, the Canada Ventilator market is anticipated to grow at more than 6% CAGR from 2023 to 2028. Canada places a strong emphasis on research and development in the healthcare sector. Innovations in ventilator technology and design emerge from Canadian research institutions and companies, contributing to advancements in respiratory care. As in many other countries, there is a growing interest in telehealth services in Canada. This includes the use of remote monitoring technologies for patients using ventilators at home, allowing healthcare professionals to track patient status and adjust treatment plans as needed. Trends in population health, such as the prevalence of respiratory conditions or chronic diseases, can influence the demand for ventilators. An ageing population and lifestyle factors contribute to respiratory health challenges. Recently, there have been smart ventilators, and connectivity is in demand. That is, the integration of smart technologies into ventilators allows for real-time monitoring and data collection. Furthermore, remote monitoring and telehealth include enhanced capabilities for remote monitoring, allowing healthcare providers to track patients using ventilators from a distance. These types of trends are growing in the market. The demand for ventilators is influenced by the capacity of hospitals and critical care units. Adequate numbers of ventilators are essential to meet the needs of patients in intensive care settings. Advancements in ventilator technology, including features like smart capabilities, improved user interfaces, and adaptive ventilation modes, can drive demand as healthcare providers seek to upgrade their equipment.

Based on mobility, they are segmented into Instruments/Ventilator Machines and Portable/Transportable Ventilators, among them in Canada. Portable/transportable ventilators are growing in market, The trend towards home-based healthcare has been growing, and portable ventilators play a crucial role in providing respiratory support for patients with chronic conditions in the comfort of their homes. This trend aligns with efforts to enhance patient autonomy and reduce hospital stays. Technological developments have produced ventilators that are lighter, more portable, and have longer battery lives. These characteristics increase the usefulness of portable ventilators for usage in a variety of contexts, such as residences, ambulances, and patient transportation. The shift towards patient-centred care involves tailoring healthcare services to meet individual patient needs and preferences. Portable ventilators allow patients greater mobility and the ability to participate in daily activities while receiving necessary respiratory support.

According to the report, the end users are segmented into hospitals, ambulatory surgical centres, home healthcare, and others; among them, hospitals lead the market. Hospitals typically manage patients with acute and critical conditions that require continuous monitoring and intensive care. Ventilators play a crucial role in critical care settings, providing life-sustaining respiratory support for patients with severe respiratory distress or failure. Ventilator usage in Canadian hospitals is influenced by evidence-based medical practices. Healthcare professionals follow established clinical guidelines and research findings to determine when and how to use ventilators for patients with respiratory conditions. Hospitals in Canada have specialised units, such as respiratory or pulmonary care units, where ventilators are used to manage patients with specific respiratory conditions, like chronic obstructive pulmonary disease (COPD) or respiratory failure. The use of ventilators involves collaboration among various healthcare professionals, including respiratory therapists, critical care nurses, pulmonologists, and intensivists. Multidisciplinary teams work together to provide comprehensive care to patients requiring ventilatory support.

In terms of the indication types, which include cardiovascular disorders and hypertension, cancer, respiratory diseases, diabetes, movement disorders, wound care, pregnancy, hearing disorders, and other indications, among them in Canada, cancer is growing as an indication. Patients experiencing respiratory failure due to various causes, such as severe pneumonia, acute respiratory distress syndrome (ARDS), or respiratory muscle weakness, require ventilatory support. Ventilators are crucial in emergency medicine, where patients experience acute respiratory distress due to trauma, cardiac events, or other critical emergencies. Ventilators are essential in critical care units for patients with life-threatening conditions, regardless of the underlying medical issue. This includes patients in intensive care units (ICUs) with various medical or surgical conditions. Ventilators are often used during surgical procedures that require general anaesthesia.

Considered in this report:
• Geography: Canada
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Canada Ventilator market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Mobility
• Instruments/ Ventilator Machines
• Portable/transportable Ventilators

By End User
• Hospitals
• Ambulatory Surgical Centers
• Home Healthcare
• Others

By Indication
• Cardiovascular Disorders & Hypertension
• Cancer
• Respiratory Diseases
• Diabetes
• Movement Disorders
• Wound Care
• Pregnancy
• Hearing Disorders
• Other Indications

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Ventilator industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.