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Canada Diabetes Care Drugs And Devices Market Size (2024 - 2029)

The Canada Diabetes Care Drugs and Devices Market is projected to experience growth over the forecast period, driven by various factors including the management of diabetes-related complications such as kidney and heart issues. The market's expansion is influenced by the healthcare system's structure, where public health is managed at multiple levels, and the adoption of hybrid care models during the pandemic. Additionally, the cost of diabetes medications, such as insulin, plays a role in cross-border dynamics, with some Americans seeking more affordable options in Canada.

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Market Size of Canada Diabetes Care Drugs And Devices Industry

Canada Diabetes Care Drugs And Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 5.40 Billion
Market Size (2029) USD 7.04 Billion
CAGR (2024 - 2029) 4.75 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

Canada Diabetes Care Drugs & Devices Market Analysis

The Canada Diabetes Care Drugs And Devices Market size is estimated at USD 5.40 billion in 2024, and is expected to reach USD 7.04 billion by 2029, growing at a CAGR of 4.75% during the forecast period (2024-2029).

In Canada, public health is overseen at the federal, provincial, and regional levels, and the Canadian constitution delegates healthcare authority to the country's ten provinces and three territories. As a result, like the United States, where individual states generally define the COVID-19 response, Canadian provinces mostly selected containment and mitigation plans. Provincial public health authorities collaborated closely with regional public health officers and municipal governments to develop policies and recommendations and put services like testing and contact tracing in place. 

Blood pressure regulation was a critical component of diabetes management. Furthermore, even without high blood pressure, certain blood pressure-lowering medications were frequently recommended for people with diabetes to protect them from kidney and heart-related complications. No scientific evidence linked these blood pressure drugs to the likelihood of COVID-19 infection or associated consequences.

In Canada, during the pandemic, many healthcare providers have adopted a hybrid model of care, offering certain types of visits in-person at the clinic and others virtually, by phone, video chat, or secure messaging. Virtual diabetes care may be a new and different experience for you. For tips on preparing for your diabetes visit and managing virtual appointments. Yet, an insulin vial costs less than C$50 in Canada. More and more Americans are traveling up to the north in search of less expensive insulin to store up. Although importing unapproved medications from Canada is technically against the law, regulators often have no problem with people trying to save money while traveling. Those who import medicine for personal use in quantities less than three months "usually do not object," according to the FDA website.

Canada Diabetes Care Drugs & Devices Industry Segmentation

Canada Diabetes Care Drugs and Devices Market witnessed USD 4.7 billion in the current year and is anticipated to register a CAGR of over 4% during the forecast period. The Canada Diabetes Care Drugs and Devices Market is segmented into Drugs (by Category (Insulin, Oral Anti-Diabetic Drugs, Non-Insulin Injectable Drugs, and Combination Drugs), by sub-segment (Basal or Long-acting, Bolus or Fast-acting, Traditional Human Insulin Drugs, Insulin Biosimilars, GLP-1 Receptor Agonists, Alpha-Glucosidase Inhibitors, DPP-4 Inhibitors, and SGLT-2 Inhibitors)) and Devices (Management Devices (Insulin Pumps, Insulin Pens, Syringes, Cartridges, and Jet Injectors) and Monitoring Devices (Self-monitoring Blood and Continuous Glucose Monitoring)). The report offers the market size in value terms in USD for all the abovementioned segments.

Drug
Oral anti-diabetic drugs
Biguanide
Metformin
Alpha - Glucosidase inhibitors
Alpha - Glucosidase inhibitors
Dopamine -D2 receptor agonist
Bromocriptin( Cycloset)
Sodium - glucose cotransport -2 (SGLT-2) inhibitor
Invokana (Canagliflozin)
Jardiance (Empagliflozin)
Farxiga/Forxiga (Dapagliflozin)
Suglat (Ipragliflozin)
Dipeptidyl peptidase - 4 (DPP-4) inhibitors
Januvia (Sitagliptin)
Onglyza (Saxagliptin)
Tradjenta (Linagliptin)
Vipidia/Nesina (Alogliptin)
Galvus (Vildagliptin)
Sulfonylureas
Sulfonylureas
Meglitinide
Meglitinide
Insulin
Basal or Long Acting Insulins
Lantus (Insulin Glargine)
Levemir (Insulin Detemir)
Toujeo (Insulin Glargine)
Tresiba (Insulin Degludec)
Basaglar (Insulin Glargine)
Bolus or Fast Acting Insulins
NovoRapid/Novolog (Insulin Aspart)
Humalog (Insulin Lispro)
Apidra (Insulin Glulisine)
FIASP (Insulin Aspart)
Traditional Human Insulins
Novolin/Actrapid/Insulatard
Humilin
Combination Insulins
NovoMix (Biphasic Insulin Aspart)
Ryzodeg (Insulin Degludec and Insulin Aspart)
Xultophy (Insulin Degludec and Liraglutide)
Soliqua/Suliqua (Insulin Glargine and Lixisenatide)
Oral Combination
Janumet (Sitagliptin and Metformin HCl)
Non-Insulin Injectable drugs
GLP1 receptor agonists
Victoza (Liraglutide)
Byetta (Exenatide)
Bydureon (Exenatide)
Trulicity (Dulaglutide)
Lyxumia (Lixisenatide)
Amylin Analogue
Symlin (Pramlintide)
Devices
Monitoring Devices
Self-Monitoring Blood Glucose
Glucometer Devices
Blood Glucose Test Strips
Lancets
Continuous Glucose Monitoring
Sensors
Durables
Management Devices
Insulin Pump
Insulin Pump Device
Insulin Pump Reservoir
Infusion Set
Insulin Syringes
Cartridges in Reusable pens
Insulin Disposable Pens
Jet Injectors
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Canada Diabetes Care Drugs And Devices Market Size Summary

The Canadian diabetes care drugs and devices market is poised for steady growth over the forecast period, driven by an increasing prevalence of diabetes and the rising demand for effective management solutions. The market landscape is shaped by the decentralized healthcare system in Canada, where provincial authorities play a significant role in public health initiatives. This has led to the adoption of hybrid care models, combining in-person and virtual consultations, which have become more prevalent during the COVID-19 pandemic. The market is also influenced by the cost of diabetes care, with insulin prices being a notable factor, as many Americans seek cheaper alternatives in Canada. The introduction of Continuous Glucose Monitoring (CGM) devices, although limited in public funding, is gaining traction, supported by updated clinical guidelines and government encouragement.

The market is characterized by continuous innovation and strategic collaborations among key players such as Abbott, Medtronic, and Novo Nordisk, who are investing heavily in research and development to maintain their competitive edge. The approval of advanced devices like the Dexcom G7 CGM system and needle-free insulin delivery systems by Health Canada highlights the ongoing advancements in diabetes care technology. Despite financial constraints and the high cost of diabetes management, there is a strong emphasis on patient-centered care and the need for further investment in diabetes research. The market's growth is also supported by the efforts of organizations like Diabetes Canada and the Canadian Pharmacists Association, which are actively monitoring and addressing the challenges posed by the increasing diabetes rates in the country.

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Canada Diabetes Care Drugs And Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. Market Segmentation

    1. 2.1 Drug

      1. 2.1.1 Oral anti-diabetic drugs

        1. 2.1.1.1 Biguanide

          1. 2.1.1.1.1 Metformin

        2. 2.1.1.2 Alpha - Glucosidase inhibitors

          1. 2.1.1.2.1 Alpha - Glucosidase inhibitors

        3. 2.1.1.3 Dopamine -D2 receptor agonist

          1. 2.1.1.3.1 Bromocriptin( Cycloset)

        4. 2.1.1.4 Sodium - glucose cotransport -2 (SGLT-2) inhibitor

          1. 2.1.1.4.1 Invokana (Canagliflozin)

          2. 2.1.1.4.2 Jardiance (Empagliflozin)

          3. 2.1.1.4.3 Farxiga/Forxiga (Dapagliflozin)

          4. 2.1.1.4.4 Suglat (Ipragliflozin)

        5. 2.1.1.5 Dipeptidyl peptidase - 4 (DPP-4) inhibitors

          1. 2.1.1.5.1 Januvia (Sitagliptin)

          2. 2.1.1.5.2 Onglyza (Saxagliptin)

          3. 2.1.1.5.3 Tradjenta (Linagliptin)

          4. 2.1.1.5.4 Vipidia/Nesina (Alogliptin)

          5. 2.1.1.5.5 Galvus (Vildagliptin)

        6. 2.1.1.6 Sulfonylureas

          1. 2.1.1.6.1 Sulfonylureas

        7. 2.1.1.7 Meglitinide

          1. 2.1.1.7.1 Meglitinide

      2. 2.1.2 Insulin

        1. 2.1.2.1 Basal or Long Acting Insulins

          1. 2.1.2.1.1 Lantus (Insulin Glargine)

          2. 2.1.2.1.2 Levemir (Insulin Detemir)

          3. 2.1.2.1.3 Toujeo (Insulin Glargine)

          4. 2.1.2.1.4 Tresiba (Insulin Degludec)

          5. 2.1.2.1.5 Basaglar (Insulin Glargine)

        2. 2.1.2.2 Bolus or Fast Acting Insulins

          1. 2.1.2.2.1 NovoRapid/Novolog (Insulin Aspart)

          2. 2.1.2.2.2 Humalog (Insulin Lispro)

          3. 2.1.2.2.3 Apidra (Insulin Glulisine)

          4. 2.1.2.2.4 FIASP (Insulin Aspart)

        3. 2.1.2.3 Traditional Human Insulins

          1. 2.1.2.3.1 Novolin/Actrapid/Insulatard

          2. 2.1.2.3.2 Humilin

      3. 2.1.3 Combination Insulins

        1. 2.1.3.1 NovoMix (Biphasic Insulin Aspart)

        2. 2.1.3.2 Ryzodeg (Insulin Degludec and Insulin Aspart)

        3. 2.1.3.3 Xultophy (Insulin Degludec and Liraglutide)

        4. 2.1.3.4 Soliqua/Suliqua (Insulin Glargine and Lixisenatide)

      4. 2.1.4 Oral Combination

        1. 2.1.4.1 Janumet (Sitagliptin and Metformin HCl)

      5. 2.1.5 Non-Insulin Injectable drugs

        1. 2.1.5.1 GLP1 receptor agonists

          1. 2.1.5.1.1 Victoza (Liraglutide)

          2. 2.1.5.1.2 Byetta (Exenatide)

          3. 2.1.5.1.3 Bydureon (Exenatide)

          4. 2.1.5.1.4 Trulicity (Dulaglutide)

          5. 2.1.5.1.5 Lyxumia (Lixisenatide)

        2. 2.1.5.2 Amylin Analogue

          1. 2.1.5.2.1 Symlin (Pramlintide)

    2. 2.2 Devices

      1. 2.2.1 Monitoring Devices

        1. 2.2.1.1 Self-Monitoring Blood Glucose

          1. 2.2.1.1.1 Glucometer Devices

          2. 2.2.1.1.2 Blood Glucose Test Strips

          3. 2.2.1.1.3 Lancets

        2. 2.2.1.2 Continuous Glucose Monitoring

          1. 2.2.1.2.1 Sensors

          2. 2.2.1.2.2 Durables

      2. 2.2.2 Management Devices

        1. 2.2.2.1 Insulin Pump

          1. 2.2.2.1.1 Insulin Pump Device

          2. 2.2.2.1.2 Insulin Pump Reservoir

          3. 2.2.2.1.3 Infusion Set

        2. 2.2.2.2 Insulin Syringes

        3. 2.2.2.3 Cartridges in Reusable pens

        4. 2.2.2.4 Insulin Disposable Pens

        5. 2.2.2.5 Jet Injectors

Canada Diabetes Care Drugs And Devices Market Size FAQs

The Canada Diabetes Care Drugs And Devices Market size is expected to reach USD 5.40 billion in 2024 and grow at a CAGR of 4.75% to reach USD 7.04 billion by 2029.

In 2024, the Canada Diabetes Care Drugs And Devices Market size is expected to reach USD 5.40 billion.

Canada Diabetes Care Drugs and Devices Market Report Snapshots

Canada Diabetes Care Drugs and Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)