Canada Anesthesia Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Anesthesia Disposables & Accessories, Anesthesia Machines, and Others), By End-user (Hospitals, Ambulatory Surgical Centers, and Others), and Canada Anesthesia Devices Market Insights, Industry Trend, Forecasts to 2033

Canada Anesthesia Devices Market Insights Forecasts to 2033

• The Canada Anesthesia Devices Market Size Was Estimated at USD 0.70 Billion in 2023.
• The Market Size is Growing at a CAGR of 6.87% from 2023 to 2033.
• The Canada Anesthesia Devices Market Size is Expected to Reach USD 1.36 Billion by 2033

The Canada Anesthesia Devices Market Size is Expected to Reach USD 1.36 Billion by 2033, Growing at a CAGR of 6.87% from 2023 to 2033.

Market Overview

The manufacturing, distributing, and use of devices intended to deliver anesthesia during medical operations are all included in the Canada anesthesia devices market.  This covers disposables like circuits and endotracheal tubes as well as equipment like ventilators, anesthetic machines, and monitors. The need for surgeries in Canada is anticipated to rise sharply as the aging population grows. The market is growing at a significant rate because of rising investments that support technological developments in anesthesia equipment and procedures. This allows for quicker deployment in the healthcare sector. Additionally, government initiatives aid in the expansion of the market such as Health Canada ensures the safety and effectiveness of anesthetic devices by regulating them under the Food and Drugs Act. In addition, through programs like agile licensing and enhanced therapeutic pathways, the government has been encouraging innovation in medical devices, including anesthetic equipment.

Report Coverage

This research report categorizes the market for the Canada anesthesia devices market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada anesthesia devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada anesthesia devices market.

Driving Factors

The Canada anesthesia devices industry is driven by the rising incidence of chronic respiratory conditions including asthma and chronic obstructive pulmonary disease (COPD) is fueling this expansion and raising the need for anesthesia equipment. Additionally, the need for anesthetic equipment is being fueled by an increase in surgical procedures brought on by an older population and improvements in surgical techniques. These devices' incorporation of machine learning and artificial intelligence is facilitating more individualized and accurate care, which is propelling market expansion. Additionally, the market is expanding due in large part to the increased awareness of the significance of respiratory health.

Restraining Factors

The market for anesthesia devices in Canada is hampered by issues such the high price of sophisticated equipment, strict regulations that delay product approvals, and restricted healthcare funding in some areas.  Furthermore, competition from other pain management methods and a lack of skilled personnel to operate sophisticated equipment limit market expansion.

Market Segmentation

The Canada anesthesia devices market share is classified into the product and end-user.

• The anesthesia machines segment accounted for the largest share in 2023 and is expected to grow at the highest CAGR during the forecast period.

Based on the product, the Canada anesthesia devices market is divided into anesthesia disposables & accessories, anesthesia machines, and others. Among these, the anesthesia machines segment accounted for the largest share in 2023 and is expected to grow at the highest CAGR during the forecast period. This segment is driven by the growing need for better systems as the population ages and the prevalence of surgery increases.  These devices are frequently seen at surgical centers and hospitals since they are essential to guarantee the safe and efficient administration of anesthetics during procedures.

• The hospitals segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the end-user, the Canada anesthesia devices market is divided into hospitals, ambulatory surgical centers, and others. Among these, the hospitals segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Hospitals, which serve a wide range of patients, including those with life-threatening diseases, are essential for difficult surgeries which demand for sophisticated anesthetic equipment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada anesthesia devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

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

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent development

• In November 2023, the Mobile anesthetic Delivery Module (MADM) is a small, portable anesthetic delivery system that Thornhill Medical introduced for use in both military and humanitarian settings.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada anesthesia devices market based on the below-mentioned segments:

Canada Anesthesia Devices Market, By Product

• Anesthesia Disposables & Accessories
• Anesthesia Machines
• Others

Canada Anesthesia Devices Market, By End-user

• Hospitals
• Ambulatory Surgical Centers
• Others