Growing Aging population can influence the growth of the market
The aging population in Canada acts as one of the major drivers of growth in the defibrillator market. As people age, they become more susceptible to cardiovascular diseases, such as coronary artery disease, heart failure, and arrhythmias, which can lead to sudden cardiac arrests. This has led to an increase in the demand for defibrillators, which are used to treat sudden cardiac arrests by delivering an electric shock to the heart to restore its normal rhythm. This trend is driving the development of new and advanced defibrillator technologies, including implantable cardioverter-defibrillators (ICDs) and wearable defibrillators, which are designed to meet the specific needs of older patients.
Increasing incidence of cardiovascular disease
The increasing incidence of cardiovascular diseases in Canada is one of the major factors driving the growth of the defibrillator market. Cardiovascular disease is a leading cause of death in Canada, accounting for more than 33% of all deaths in the country. The prevalence of cardiovascular diseases is expected to increase in the coming years due to various factors such as unhealthy lifestyles, sedentary jobs, and an aging population.
Growing adoption of AEDs in public places
The growing adoption of automated external defibrillators (AEDs) in public places is a significant factor driving the growth of the defibrillator market in Canada. An AED is a portable device that is used to detect and treat sudden cardiac arrest by delivering an electric shock to the heart. The device is designed to be user-friendly and can be used by anyone with minimal training.
Technological advancements
Technological advancements have played a crucial role in the growth of the Canada Defibrillator Market. The development of new and advanced technologies has made defibrillators more effective and efficient, leading to increased adoption and demand for these devices.
Government support
Government support has been a significant factor in the growth of the defibrillator market in Canada. The Canadian government has implemented several initiatives and policies to promote the adoption and use of defibrillators, which has contributed to the growth of the market.
Recent Developments
·
·
·
·
Market Segmentation
Market Players
Medtronic of Canada Ltd, Abbott Canada., Biotronik Canada Inc, Stryker Canada LP, DxTx Medical Inc, MME Medical Equipment Inc., Defibtech, LLC, and LivaNova PLC are some of the leading players operating in the Canada Defibrillator Market.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | By Product By End User By Region |
Regional scope | Ontario, Quebec, Alberta, British Columbia, Saskatchewan and Manitoba, Rest of Canada |
Key companies profiled | Medtronic of Canada Ltd, Abbott Canada., Biotronik Canada Inc, Stryker Canada LP, DxTx Medical Inc, MME Medical Equipment Inc., Defibtech, LLC, LivaNova PLC |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |