Press release
Canada Home Healthcare Market Predicted to Rake in USD 18,939.9 Mn by 2020
Canada is predicted to grow steadily owing to rising awareness on home-based devices, and rising prevalence of chronic and lifestyle diseases such as obesity, cardiovascular diseases, diabetes, etc. Factors such as growth in aging demographics and technological developments drive the market for home healthcare in Canada. In Canada, in 2011, approximately 5 million individuals ranged between the age group of 60-65 years and it is predicted that this count would double over the coming 25 years, according to Statistics Canada. Subsequently, this shift in demographics will result in a huge percentage of population being at a greater risk for various illnesses, which will in turn demand increased medical attention.
Obtain Report Details @ https://www.transparencymarketresearch.com/canada-home-healthcare-market.html
Diagnostics and Monitoring Devices Hold Dominant 30% Market Share
In terms of device types, the Canada home healthcare market can be categorized into therapeutic home healthcare devices, diagnostic and monitoring devices, medical supplies, and home mobility assist devices. Within these, diagnostics and monitoring devices dominated the Canada home medical devices market, with a share of more than 30% in 2013. Factors stimulating the growth of this segment include initiatives by the government of Canada for increasing awareness on diabetes, hypertension, and management of sleep apnea with the help of these devices.
Telehealth and Telemedicine Services to Expand at 11% CAGR
On the basis of services, in 2013, telehealth and telemedicine services displayed a very low revenue share of just 2% in the overall healthcare services market. However, this segment is predicted to expand at an impressive 11% CAGR in the forecast horizon between 2014 and 2020. In the same year, unskilled home healthcare services represented the biggest share in the Canada home healthcare market and are predicted to remain dominant in the nearby future. The factors responsible for augmenting the growth of the unskilled home healthcare services segment are the increased implementation of nonprofessional homecare services and the expanding aging population in Canada.
Request For Sample of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4898
In terms of geography, the market has been segmented into four regions: Quebec, Alberta, Ontario, and Rest of Canada. In 2013, the home healthcare market in Ontario dominated the overall market owing to increased demand for home healthcare services and devices.
On the other hand, the Quebec home healthcare market is predicted to expand at a remarkable 9.2% CAGR between 2014 and 2020 owing to increase in chronic diseases and the growing population of this province. Due to reasons such as a rise in obese population, Rest of Canada emerged as the second biggest market in the Canada home healthcare market.Omron Healthcare, Johnson & Johnson, 3M Healthcare, We Care Health Services, GM Healthcare, Home Care Ontario, and The Canadian Home Care Association are some of the major providers of home healthcare services and devices in Canada.
Request For Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4898
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Contact Us
Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Canada Home Healthcare Market Predicted to Rake in USD 18,939.9 Mn by 2020 here
News-ID: 1184989 • Views: …
More Releases from Transparency Market Research
Acromegaly Treatment Market to Reach USD 3.1 Billion by 2035, Driven by Diagnost …
The global Acromegaly Treatment Market is experiencing a significant transformation as improved early diagnosis, innovative therapeutic formulations, and regulatory support converge to expand patient access and drive substantial growth. According to the latest industry analysis, the global market, valued at US$ 1.5 billion in 2024, is projected to reach US$ 3.1 billion by 2035, progressing at a CAGR of 6.7% from 2025 to 2035.
Gain a preview of important insights from…
Forensic Genomics Market Projected to Surge to USD 2.4 Billion by 2035 as NGS, A …
The global Forensic Genomics Market is undergoing a period of accelerated transformation and expansion as next-generation sequencing (NGS), advanced PCR workflows, and AI/ML-driven bioinformatics redefine the capabilities of modern forensic investigations. According to the latest industry analysis, the market-valued at US$ 0.5 billion in 2024-is projected to reach approximately US$ 2.4 billion by 2035, expanding at a compound annual growth rate (CAGR) of 14.5% between 2025 and 2035.
Access key findings…
Planetary Roller Screw Market to Reach USD 1.1 Billion by 2035 as Demand for Hig …
The global Planetary Roller Screw Market is poised for substantial expansion over the next decade, driven by rising demand for high-load, high-precision performance in harsh industrial environments, rapid technological advancements, and the ongoing global shift toward electrified and automated systems. According to the latest industry intelligence, the market-valued at US$ 610.0 Mn in 2024-is projected to reach US$ 1,105.0 Mn by 2035, advancing at a compound annual growth rate (CAGR)…
Chemical Absorbent Cotton Market Set to Reach USD 600.1 Million by 2035 Driven b …
The global Chemical Absorbent Cotton Market is entering a phase of sustained expansion, backed by rapid industrialization, strengthened environmental regulations, and growing adoption of biodegradable absorbent solutions across healthcare, chemical handling, automotive, and industrial safety applications. According to the latest industry analysis, the global market-valued at US$ 340.0 million in 2024-is projected to reach US$ 600.1 million by 2035, expanding at a CAGR of 5.4% from 2025 to 2035.
Access key…
More Releases for Canada
Canada Anti-Caking Market Size, Scope 2031 by Key Companies- Univar Solutions, B …
USA, New Jersey: According to Verified Market Research analysis, the Canada Anti-Caking Market size was valued at USD 49.69 Billion in 2024 and is projected to reach USD 70.13 Billion by 2032, growing at a CAGR of 4.4% from 2026 to 2032.
What is the current size and projected growth outlook of the Canada anti‐caking market?
The Canada anti‐caking agents market-spanning sodium, calcium, magnesium compounds and silicon dioxide-is valued at approximately USD…
University Canada West to host Fulbright Canada Research Chair
Vancouver, BC - University Canada West (UCW), a Vancouver-based institution with a diversified student body representing over 110 countries, is thrilled to announce its partnership with Fulbright Canada, the leader in public diplomacy and academic exchange, establishing a Fulbright Canada Research Chair at UCW.
The University will host a Fulbright Canada Research Chair, a US scholar, who will carry out research, offer guest lectures, collaborate with colleagues, and generally participate…
Canada Tire Market Size Is Going To Boom | Bridgestone Canada, Hankook Tire Cana …
Canada Tire Pad Market is gaining significant traction owing to the improvements in technology, fuel economy, and the introduction of electric vehicles..
A recent study conducted by the strategic consulting and market research firm, Report Ocean, revealed that the Canada Tire Market was worth USD 5.42 billion in the year 2021. The market is projected to grow at a CAGR of 5.3%, earning revenues of around USD 7.68 billion by the…
Canada Financial Guarantee Market Key Players: Scotiabank, Toronto Dominion, Ban …
Canada Financial Guarantee Market
The Canada financial guarantee market was valued at $1.32 billion in 2020, and is projected to reach $2.19 billion by 2028, growing at a CAGR of 7.3% from 2021 to 2028. With an unprecedented COVID-19 pandemic situation, the country has experienced uncertainty & protectionism in trade sector. Moreover, to curb the spread of virus, several provincial governments has imposed lockdown, which has financially affected businesses and therefore,…
Glucofort Canada-Why Canada Media Buzzing About Glucofort
Glucofort Canada-Why Canada Media Buzzing About Glucofort: In general, Glucofort is a blood sugar supportive formula that uses ingredients that are rich in anti-hyperglycemic and antioxidant properties. This is done so that foreign invaders such as ceramide are removed from the body and the blood sugar levels are corrected. Although many of these ingredients are scientifically supported, it appears that many of them are selected based on traditional practices. In…
Canada Agriculture Market | Canada Agriculture Industry | Canada Agriculture Mar …
Canada Agriculture is one in all the most important agricultural producers and exporters within the world. Like Alternative developed nations, the proportion of the population and GDP dedicated to agriculture fell dramatically over the 20th century however it remains an crucial part of the Canadian economy. A big differ of agriculture is practiced in Canada, from extensive wheat fields of the grasslands to summer production of the Okanagan valley. Major…
