Press Release

Canada Defibrillator Market to be dominated by Implantable Cardioverter Defibrillators (ICD) through 2028.

Canada Defibrillator Market growth is driven by the increasing prevalence of cardiac arrest in the forecast period, 2024-2028.

According to TechSci Research report, “Canada Defibrillator Market - By Region, Competition Forecast and Opportunities, 2028”, Canada Defibrillator Market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the increasing product developments, rising incidence of sudden cardiac arrest, growing awareness among the general public, and supportive initiatives by governments and healthcare organizations across the region. Additionally, the growing awareness regarding cardiovascular events is expected to create lucrative opportunities for Canada Defibrillator Market growth in coming years. Besides, growing adoption of these devices due to the high prevalence of cardiovascular diseases, the high geriatric population is further expected to support Canada Defibrillator Market growth in coming years. growing product improvements by major companies is expected to propel Canada Defibrillator Market in coming years.

However, the cost of defibrillators can be prohibitively expensive for many healthcare organizations, especially in smaller towns or rural areas. This makes it difficult for them to purchase and maintain the equipment, limiting access to life-saving technology for patients which can slowing down the growth of Canada Defibrillator Market in the forecast period. Similarly, Despite the importance of defibrillators in treating sudden cardiac arrest, many Canadians are still not aware of their existence or how to use them which may hamper the Canada Defibrillator Market growth during the forecast period. Also, Canada's vast geography and dispersed population make it difficult to distribute defibrillators effectively which can further restrict the growth of Canada Defibrillator Market.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Canada Defibrillator Market.”

 

Canada Defibrillator Market can be segmented by product, end user, and region.

Based on product, Canada Defibrillator Market can be divided into implantable cardioverter defibrillators (ICD) and external defibrillators. The implantable defibrillators segment dominated Canada Defibrillator Market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to increase in geriatric population, emergence of new technologies, increase in adoption of Implantable cardioverter defibrillators (ICDs) , and rise in incidence of sudden cardiac arrests (SCAs) across the region.

Based on end user, Canada Defibrillator Market can be segmented into hospital, pre-hospital, public access market, alternate care market, and home healthcare. The hospitals segment is expected to dominate Canada Defibrillator Market during the forecast period on account of the higher number of cardiac patients received in hospitals and surgeries performed in hospital settings and increasingly used in hospitals to deliver treatment to patients of sudden cardiac arrest and for other indications. The owing to increase in demand for early diagnosis and initiative taken by government or private organizations for development of healthcare industry is anticipated to boost the growth of Canada Defibrillator Market during the forecast period.

 

Major companies operating in Canada Defibrillator Market are:

·         Medtronic of Canada Ltd

·         Abbott Canada.

·         Biotronik Canada Inc

·         Stryker Canada LP

·         DxTx Medical Inc.

·         MME Medical Equipment Inc.

·         Defibtech, LLC

·         LivaNova PLC


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“Canada Defibrillator Market is expected to drive the market during the forecast period due to the increase in number of key players to develop advanced defibrillator devices along with rapidly growing geriatric population with elevated risk of cardiac arrests and increase in incidence of cardiac diseases in the region. Furthermore, the increase in adoption of technologically advanced defibrillators devices and growing demand for quality medical care are further contributing to demand for the defibrillator market. Similarly, the rise in prevalence of SCA and increase in focus and availability of defibrillators in offices, schools, shopping malls, grocery stores, and airports are the major factors contributing the growth of Canada Defibrillator Market. Besides, the increase in focus of key market players on public access defibrillators and rise in number of training & awareness programs in the region is further expected to create lucrative opportunities for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global  Management Consulting Firm.

“Canada Defibrillator Market” By Product (Implantable Cardioverter Defibrillators (ICD), External Defibrillators), By End-Use (Hospital, Pre-Hospital, Public Access Market, Alternate Care Market, Home Healthcare, By Region, Competition, Forecast and Opportunities, 2028” has evaluated the future growth potential of Canada Defibrillator Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Canada Defibrillator Market.


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