Canada Anesthesia Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Canada Anesthesia Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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.

Key Market TrendsAnesthesia Monitors Sub-segment is Expected to Register a High CAGR in the Forecast Period

Anesthesia monitors are used to record and display the delivery of anesthetic substances, like gases, drugs, and fluids to the patient. During surgeries, these are used to check the patients’ health and reaction to the indication of anesthesia. The integration of various functionalities, such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure, coupled with decision support systems and data analysis aids clinicians to get better insights on their patients.

The number of emergency visits is increasing in Canada which is one of the major factor fuelling the market growth. As the number of emergency visits increase in Canada, the demand for Anesthesia monitors is expected to increase as well. This will help the market growth.

Competitive Landscape

Canada is a developed country with the United States as its neighbor. As a result, it enjoys the presence of most of the global players in the anesthesia devices market. Moreover, the country has a developed healthcare system and rate of adoption of newer technologies is higher. This makes this market more lucrative for innovation, which encourages companies to enter the Canadian market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

B. Braun Melsungen AG
Medtronic PLC
Draegerwerk AG
Ambu A/S
Fisher & Paykel Healthcare
GE Healthcare
Philips
Mindray Medical International Limited
Smiths Medical
Teleflex Inc.

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