Press release
Canada Home Healthcare Market: Segmental Highlights and Table of Content (2014-2020)
Rising Prevalence of Diseases Prompts Progress in Canada Home Healthcare MarketThe Canada home healthcare market is exhibiting a CAGR of 8.9% in the forecast period of 2014 to 2020. According to a research report released by Transparency Market Research, the Canada home healthcare market is expected to reach US$18.94 bn by the end of 2020, after being recorded at US$10.45 bn in 2013. The report is titled “Canada Home Healthcare Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, and is available on the company website now.
Read Report Overview @ https://www.transparencymarketresearch.com/canada-home-healthcare-market.html
The Canada Home Healthcare Market is segmented on the basis of Device Types, Services and Geography.
The Canada home healthcare market has been studied from three perspectives: by device types, by services and by provinces. Based on device types, the market has been segmented into four categories: diagnostic and monitoring devices, therapeutic home healthcare devices, home mobility assist devices and medical supplies. Among these, diagnostics and monitoring devices are accounted for the largest market, capturing over 30% of the total Canada home medical devices market in 2013. Efforts of the Canadian government to increase awareness about hypertension, diabetes and sleep apnea management through home monitoring drives the growth of diagnostics and monitoring devices segment. Moreover, home mobility assist devices market segment recorded the lowest revenue in 2013 owing to the low cost of market constituents such as cranes and crutches, walkers and rollators and others.
Based on services, the Canada home healthcare market is categorized into rehabilitation, telehealth and telemedicine, respiratory therapy, infusion therapy and unskilled home healthcare services. In 2013, unskilled home healthcare services market accounted for the largest market and is expected to dominate the market in future. Growing geriatric population coupled with increasing uptake of nonprofessional home care services in Canada helps this segment to grow consistently during the forecast period. Moreover, telehealth and telemedicine services only accounted for 2% revenue of the total home healthcare services market in 2013 but is expected to grow with the highest CAGR of around 11% during the forecast period from 2014 to 2020. Fundamental benefits availed from these services such as high cost-effectiveness, quality health care and access to health care services throughout rural and urban areas supports the growth of the market in Canada.
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In terms of geographic distribution, the Canada home healthcare market has been segmented into four provinces i.e. Ontario, Quebec, Alberta and Rest of Canada. The Ontario home healthcare market in 2013 accounted for the largest market share due to high demand for home healthcare devices and services. Moreover, consistent rise in geriatric population and favorable government policies propels the growth of home healthcare market in Ontario. Followed by Ontario, Rest of Canada turned out to be the second largest market due to increasing number of obese population over the last few years. The Canada home healthcare market in Quebec is expected to grow at the highest CAGR of 9.2% from 2014 to 2020. The growth of this province is mainly attributed to the large population base and increasing incidence rate of chronic diseases.
Summary of Table of Content
1 Introduction
2 Executive Summary
3 Market Overview
4 Canada Home Healthcare Market, by Device Types
5 Canada Home Healthcare Market, by Services
6 Canada Home Healthcare Market, by Provinces
7 Recommendations
8 Company Profiles
Request to Browse Full Table of Content, figure and Tables @ https://www.transparencymarketresearch.com/report-toc/4898
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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.
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