Canada Durable Medical Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product (Personal Mobility Devices, Bathroom Safety Devices, Medical Furniture, and Monitoring & Therapeutic Devices), By End-User (Hospitals/Clinics, Nursing Homes, Ambulatory Surgical Centers, and Other End Users), and Canada Durable Medical Equipment Market Insights Forecasts 2023 - 2033.
Industry: HealthcareCanada Durable Medical Equipment Market Insights Forecasts to 2033
- The Canada Durable Medical Equipment Market Size is Growing at 4.3% CAGR from 2023 to 2033.
- The Canada Durable Medical Equipment Market Size is Expected to Reach a Significant Share by 2033.
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The Canada Durable Medical Equipment Market Size is expected to Reach a Significant Share by 2033, Growing at a 4.3% CAGR from 2023 to 2033.
Market Overview
Canada DME market involves the industry dealing with the production, distribution, and sale of medical equipment and devices that are meant for patient use over long periods in hospital, clinic, and home health care environments. Durable medical equipment consists of products that serve therapeutic purposes in patients with sicknesses, disability, or ongoing conditions. DME is often prescribed by health practitioners and is meant to be reused. The Canadian durable medical equipment (DME) market offers huge opportunities fueled by population aging, growing chronic diseases, and increasing adoption of home healthcare. Government funds and insurance cover expansion also augment demand. Product innovations in mobility aids, monitoring devices, and assistive technology provide opportunities. Telehealth incorporation and intelligent medical devices are trendsetters. Market participants have opportunities to bank on sustainable, cost-saving options. Increasing distribution channels, such as e-commerce, increase accessibility, and Canada is an attractive market for DME investment. In February 2025, Medtech Canada called on the federal government to exempt medical devices from possible retaliatory tariffs against the U.S. due to risks to healthcare delivery. Health Canada also launched an e-learning tool to explain premarket regulatory requirements for medical devices.
Report Coverage
This research report categorizes the market for the Canada durable medical equipment market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada durable medical equipment 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 durable medical equipment market.
Canada Durable Medical Equipment Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Forecast Period: | 2023 – 2033 |
Forecast Period CAGR 2023 – 2033 : | 4.3% |
Historical Data for: | 2019-2022 |
No. of Pages: | 245 |
Tables, Charts & Figures: | 122 |
Segments covered: | By Product, By End-User |
Companies covered:: | BioAlberta, BioNova, Bioscience Association Manitoba, LifeSciences British Columbia, Life Sciences Ontario, Ontario Bioscience Innovation Organization, PEI Bio Alliance, and Other Key Vendors. |
Pitfalls & Challenges: | COVID-19 Impact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The Canada durable medical equipment (DME) market is influenced by a growing population, the prevalence of chronic diseases, and growing healthcare expenditure. Home healthcare policies and government programs that boost reimbursement also surge demand. Advances in technology, including smart mobility aids and portable oxygen concentrators, make patients' lives more convenient, driving adoption. Increased interest in independent living solutions and disability needs also drive market growth. Also, growth in telehealth and remote patient monitoring drives demand for durable medical equipment. Having major market players, along with strategic alliances and product development, ensures ongoing market growth in Canada's healthcare industry.
Restraining Factors
The Canadian durable medical equipment market has hindrances such as high prices, limited reimbursement schemes, and strict regulatory conditions. Some of the other challenges involve supply chain interruptions, technological obsolescence, and a lack of trained personnel for equipment servicing. In addition, budgetary constraints in healthcare facilities and insurance restrictions impede market growth.
Market Segment
- The monitoring & therapeutic devices segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the product, the Canada durable medical equipment market is divided into personal mobility devices, bathroom safety devices, medical furniture, and monitoring & therapeutic devices. Among these, the monitoring & therapeutic devices segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to the rising chronic disease prevalence, increasing elderly population, and growing demand for remote patient monitoring. Additionally, the technological advancements, enhanced healthcare infrastructure, and expanded telehealth adoption further drive growth, ensuring a significant CAGR during the forecast period as personalized healthcare solutions gain traction.
- The hospitals/clinics segment accounted for the majority of the share in 2023 and is estimated to grow at a significant CAGR during the projected timeframe.
Based on the end-user, the Canada durable medical equipment market is divided into hospitals/clinics, nursing homes, ambulatory surgical centers, and other end users. Among these, the hospitals/clinics segment accounted for the majority of the share in 2023 and is estimated to grow at a significant CAGR during the projected timeframe. This is due to the high patient influx, advanced medical infrastructure, and greater adoption of durable medical equipment. Increasing healthcare expenditures, technological advancements, and rising surgical procedures further drive growth. Moreover, the expanding hospital networks and government investments ensure a significant CAGR during the projected timeframe.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Canada durable medical equipment 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
- BioAlberta
- BioNova
- Bioscience Association Manitoba
- LifeSciences British Columbia
- Life Sciences Ontario
- Ontario Bioscience Innovation Organization
- PEI Bio Alliance
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Canada durable medical equipment market based on the below-mentioned segments:
Canada Durable Medical Equipment Market, By Product
- Personal Mobility Devices
- Bathroom Safety Devices
- Medical Furniture
- Monitoring & Therapeutic Devices
Canada Durable Medical Equipment Market, By End-User
- Hospitals/Clinics
- Nursing Homes
- Ambulatory Surgical Centers
- Other End Users
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