Press Release

Canada Glucose Monitoring Device Market to be Led by Type 1 Diabetes Through 2028

The Canada glucose monitoring device market is gaining significantly from the increasing prevalence of diabetes in the country.


According to the TechSci Research report, “Canada Glucose Monitoring Device Market - By Region, Competition Forecast and Opportunities, 2028,” the market is anticipated to grow at an impressive rate during the forecast periodThis can be ascribed to the increasing prevalence of diabetes along with the growing demand for insulin for maintaining the sugar level in the body. Additionally, the growing awareness regarding new glucose monitoring devices among consumers is expected to create lucrative opportunities for market players in the coming years. Besides, the growing uptake of these devices due to the high prevalence of diabetes and the increasing geriatric population is further expected to support the Canada glucose monitoring device market over the forecast period.


Also, continued product improvements by key companies are expected to propel the market in the near future. However, the cost of glucose monitoring devices, particularly continuous glucose monitoring (CGM) systems, can be too high for some patients which can slow down the growth of this market during the forecast period. Similarly, The accuracy and reliability of glucose monitoring devices can vary, which can lead to inaccuracies in blood glucose readings and errors in diabetes management, hampering the Canada glucose monitoring device market growth during the forecast period. Also, The market is highly competitive, with several major players vying for market share. This competition can lead to mergers & acquisitions and consolidation, further restricting the market’s growth.


Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the Canada Glucose Monitoring Device Market.”


The Canada glucose monitoring device market can be segmented by product type, application, end user, and region. Based on product type, the market can be divided into self-blood glucose monitoring devices and continuous glucose monitoring devices. The self-blood glucose monitoring devices segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed due to growing awareness of healthy life, fewer hospital checkups due to the pandemic, and an easy way to check glucose levels independently.


Based on application, the market can be segmented into Type 1 diabetes, Type 2 diabetes, and gestational diabetes. The hospital segment is expected to dominate the market during the forecast period on account of the continued development of hospital infrastructure and the growing usage of technically advanced devices in hospitals across the region.


Major companies operating in the Canada glucose monitoring device market are:

  • Medtronic of Canada Ltd
  • Abbott Canada.
  • Johnson & Johnson Inc/Canada
  • Braun of Canada
  • Hoffmann-La Roche Limited.
  • Ascensia Diabetes Care.
  • Sanofi-Aventis Canada Inc.
  • Eli Lilly Canada Inc.


In March 2022, DexCom announced the receipt of a CE Mark for its G7 CGM system in Europe, intended for people who have diabetes and are two years and older, including pregnant women. With this approval, the highly popular and best-selling real-time CGM in the world is now more powerful and easier to use with a small, all-in-one wearable and completely redesigned mobile app.


In Feb 2021, Roche announced the launch of the new Accu-Chek Instant system, a new "connected" blood glucose monitoring (BGM) system, which supports and enables Roche’s approach toward integrated Personalized Diabetes Management (iPDM). Accu-Chek Instant features Bluetooth-enabled connectivity to the mySugr app, allowing wireless transfer of blood glucose results to the mySugr app.


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“The Canada glucose monitoring device market is expected to rise substantially over the next few years due to the increasing prevalence of diabetes and the surge in the aging population at risk of diabetes. The continued launches of new products across the country are also aiding the market growth. Similarly, increased awareness of diabetes preventive care has a significant impact on the growth of the Canada glucose monitoring device market. Furthermore, the market is expected to gain from the increasing number of people who are taking insulin to recover, and the rising accessibility to quality healthcare services during the forecast period.


Going forward, the rising awareness regarding point-of-care testing and the increasing government healthcare expenditure in the region are likely to aid the market over the next few years. Besides, the increase in focus of key market players on public access to glucose monitoring devices and the surge in the number of training and awareness programs in the region is further expected to create lucrative opportunities for market growth,” said Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm.


Canada Glucose Monitoring Device Market, By Product Type (Self Blood Glucose Monitoring Devices, Continuous Glucose Monitoring Devices), Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes), End User (Home Care Settings, Hospital, Others), Region, Competition, Forecast & Opportunities, 2028 
has evaluated the future growth potential of Canada Glucose Monitoring Device 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 the Canada glucose monitoring device market.


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