Canada Remote Patient Monitoring Device Market By Product (Special Monitors v/s Vital Sign Monitors), By Application (Diabetes, Hypertension, Cardiovascular Diseases, Weight Management & Fitness Monitoring, Others), By End User (Hospital Based Patients, Ambulatory Patients, Home Healthcare) By Region, Competition, Forecast and Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCanada Remote Patient Monitoring Device Market By Product (Special Monitors v/s Vital Sign Monitors), By Application (Diabetes, Hypertension, Cardiovascular Diseases, Weight Management & Fitness Monitoring, Others), By End User (Hospital Based Patients, Ambulatory Patients, Home Healthcare) By Region, Competition, Forecast and Opportunities, 2018-2028F
Growing Aging Population
The aging population is one of the key drivers of Canada remote patient monitoring market. As the Canadian population ages, the prevalence of chronic conditions such as heart disease, diabetes, and chronic obstructive pulmonary disease (COPD) is increasing. These conditions often require ongoing monitoring, which can be time-consuming and costly for healthcare providers.
Download Free Sample ReportShortage of Healthcare Professionals
The shortage of healthcare professionals in Canada is one of the key factors driving the growth of the Canada remote patient monitoring device market. In Canada, the shortage of healthcare professionals is particularly acute in rural and remote areas, where it can be difficult to attract and retain healthcare workers. This can lead to limited access to healthcare services and longer wait times for appointments.
Technological Advancements
Technological advancements have played a significant role in the growth of the Canada remote patient monitoring device market. As new technologies have emerged, they have enabled healthcare providers to monitor patients remotely, improving the quality of care and reducing the cost of healthcare.
Impact of the COVID-19 pandemic
The COVID-19 pandemic has significantly impacted the Canada remote patient monitoring device market, which has increased the demand for remote healthcare solutions. The pandemic has caused healthcare providers to re-evaluate the way they deliver care, with many turning to telehealth and remote patient monitoring technologies to reduce the risk of infection and ensure that patients can continue to receive care even during periods of lockdown and physical distancing.
Government Support
Government support has played a significant role in driving the growth of the Canada remote patient monitoring device market. The Canadian government has recognized the potential of remote patient monitoring technologies to improve healthcare delivery, reduce costs, and improve patient outcomes, and has taken steps to support the adoption of these technologies.
Recent Development
- BioIntelliSenseIn 2020,BioIntelliSense launched its BioSticker, a single-use wearable sensor designedto monitor patients' vital signs, activity levels, and other health data. TheBioSticker can be worn for up to 30 days and can transmit real-time data tohealthcare providers through a secure cloud-based platform.
- Philips HealthcareIn 2019,Philips Healthcare launched its IntelliVue Guardian Solution, an remote patientmonitoring platform that uses predictive analytics to identify patients at riskof deterioration and alert healthcare providers in real-time. The platform usesa combination of wearable sensors, bedside monitors, and predictive algorithmsto continuously monitor patients' vital signs and identify early warning signsof potential health problems.
- MedtronicIn 2018, Medtroniclaunched its Guardian Connect continuous glucose monitoring (CGM) system inCanada. The Guardian Connect system uses a wearable sensor to continuouslymonitor patients' glucose levels and transmit real-time data to a mobile app.The system also includes personalized alerts and insights to help patientsmanage their diabetes more effectively.
Market Segmentation
Market Players
Medtronic of Canada Ltd, Abbott Canada., Omron Canada Inc, GE Healthcare Canada Inc, Cerner Canada ULC., Siemens Healthcare Diagnostics Ltd/Canada., Philips Canada Ltd , and Welch Allyn Canada Ltd are some of the leading players operating in the Canada remote patient monitoring device 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 Application By End User By Region |
| Regional scope | Ontario region; Quebec region; Alberta region; British Columbia region; Saskatchewan and Manitoba region; and Rest of Canada |
| Key companies profiled | Medtronic of Canada Ltd, Abbott Canada., Omron Canada Inc, GE Healthcare Canada Inc, Cerner Canada ULC., Siemens Healthcare Diagnostics Ltd/Canada., Philips Canada Ltd, and Welch Allyn Canada Ltd |
| 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) |
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