Global & Canada Pressure Monitoring Devices Market to 2033

Canada is currently facing a significant challenge with the high prevalence of hypertension and cardiovascular diseases (CVDs). According to Hypertension Canada, hypertension stands as the leading cause of both disability and mortality within the nation, with an alarming prevalence rate of approximately 20%. Furthermore, heart disease ranks as the second most common cause of death, impacting around 2.4 million Canadians. The burden of these chronic health conditions is particularly pronounced among adults residing in rural regions, with the Atlantic provinces and Manitoba exhibiting notably higher rates of hypertension and heart disease. This widespread occurrence underscores the ongoing need for effective blood pressure monitoring solutions, which range from home-based monitors that facilitate self-management and early detection to sophisticated invasive and non-invasive devices utilized in hospitals and specialized clinics.

The healthcare landscape in Canada is characterized by substantial expenditures and a well-established infrastructure that supports the medical device market. It is estimated that total healthcare spending in Canada will reach approximately CA$ 9,054 per person, which constitutes about 12.4% of the country’s gross domestic product (GDP). Hospital expenditures are projected to rise by 6.1% in 2024, reflecting the increasing demand for healthcare services. In a significant commitment to improving healthcare, the Canadian government has pledged over CA$200 billion over the next decade through the Working Together to Improve Health Care for Canadians Plan. This initiative aims to enhance shared healthcare priorities, which include expanding access to family health services, bolstering the healthcare workforce, and modernizing health systems through the integration of data and digital tools. Such consistent investments by the government ensure that healthcare facilities are equipped with essential medical devices, including a comprehensive range of pressure monitoring solutions.

Another critical factor influencing the demand for pressure monitoring devices is the aging population in Canada. As of July 1, 2023, approximately 7.6 million Canadians were aged 65 and older, representing nearly one-fifth (18.9%) of the total population. Projections suggest that by 2030, the proportion of the elderly population could rise to between 21.4% and 23.4%. Statistics Canada has reported that the first quarter of 2025 will likely witness a negative natural increase, indicating that deaths will outnumber births, a trend that aligns with an aging demographic and declining fertility rates. This shift towards an older population heightens the necessity for effective chronic disease management and home-based care solutions, thereby increasing the demand for user-friendly and portable pressure monitoring devices across the country.

The rapid adoption of digital health technologies and telemedicine is also reshaping the healthcare landscape in Canada. During the COVID-19 pandemic, it was reported that three out of five Canadians seeking medical care utilized virtual healthcare services. This strong shift towards digital healthcare not only reflects changing patient preferences but also drives the demand for smart, connected pressure monitoring devices that enable remote patient monitoring (RPM) and seamless integration of health data into electronic health records.

In terms of medical device manufacturing, Canada boasts a robust sector, particularly in the realm of contract manufacturing for medical devices. The country’s regulatory environment, combined with an innovative ecosystem, fosters the development and local availability of a diverse array of pressure monitoring technologies. This environment supports both the creation of new devices and the enhancement of existing ones, ensuring that healthcare providers have access to the latest advancements in monitoring technology.

In summary, the persistent prevalence of hypertension and cardiovascular diseases in Canada, coupled with an aging population and the increasing adoption of digital health solutions, creates a significant demand for pressure monitoring devices. The Canadian government’s substantial investments in healthcare infrastructure and services further bolster this market, ensuring that both patients and healthcare providers have the necessary tools to manage chronic conditions effectively. As the landscape of healthcare continues to evolve, the integration of innovative technologies and the focus on patient-centered care will play a crucial role in addressing the challenges posed by hypertension and cardiovascular diseases in Canada. Show more