Canada Portable Medical Devices Market Research Report: Analysis 2027

1. Canada Portable Medical Devices Market Research Report: Analysis and Forecast (2021- 2027) The Canadian market, in particular, is witnessing a rising demand for healthcare services, including aged care, home care, and hospice centers. This trend is expected to create lucrative opportunities for the portable medical devices market. The introduction of compact and user- friendly devices, coupled with the increasing adoption of continuous monitoring devices, will further drive market growth. Additionally, efforts to reduce hospital admissions will boost the adoption rate of portable medical devices. Access Full Report: https://www.fairfieldmarketresearch.com/report/portable-medical- devices-market The Canadian portable medical devices market is expected to witness robust growth in the coming years, according to the latest report published by Fairfield Market Research. The

2. market is estimated to register a revenue worth US$57.3 billion by the end of 2022 and is projected to experience a healthy compound annual growth rate (CAGR) of 9.2% during the forecast period from 2022 to 2027. By the end of 2027, the market is expected to reach a value of US$96.9 billion. Portable medical devices have gained significant traction in various healthcare settings, including home care settings, ambulatory care settings, small clinics, pop-up healthcare check-up hubs, and hospice/palliative care. These devices, which rely on cloud-based data storage and wireless connectivity such as Bluetooth, offer continuous monitoring and diagnostic solutions. They are integrated with software applications for enhanced data visibility, sharing, communication between patients and providers, decision-making, and real- time patient monitoring. The adoption of portable medical devices has been on the rise across all healthcare realms, with the COVID-19 pandemic acting as a strong catalyst. The demand for continuous monitoring and diagnostic solutions has increased significantly, driving the growth of the portable medical devices market. However, the market also faces challenges such as high price competition, market fragmentation, and constant product miniaturization, which could impede its growth. While major market players contribute to the highest revenue generation in North America and Europe, the Asia Pacific region is poised for phenomenal growth. The presence of key market players, higher spending capacity, government rebates, and awareness about remote healthcare services are driving the growth of the North American and European markets. Meanwhile, Asia Pacific, with its booming medical tourism industry and constantly rising patient population, is expected to exhibit the highest CAGR of 10.4% during the forecast period. Leading companies in the global portable medical devices market, such as Medtronic PLC, Siemens Healthcare, GE Healthcare, Philips, Omron, Roche Diagnostics, Canon, and Shimadzu, are maintaining their strategic focus on innovation to expand their market share. These companies aim to strengthen their market positioning by targeting regional markets and offering advanced products at competitive prices. Web: https://www.fairfieldmarketresearch.com/ Email: sales@fairfieldmarketresearch.com