Canada Ai In Healthcare Market Size & Outlook, 2023-2030

The ai in healthcare market in Canada is expected to reach a projected revenue of US$ 10,767.3 million by 2030. A compound annual growth rate of 37.9% is expected of Canada ai in healthcare market from 2024 to 2030.

Revenue, 2023 (US$M)
$1,133.8
Forecast, 2030 (US$M)
$10,767.3
CAGR, 2024 - 2030
37.9%
Report Coverage
Canada

Canada ai in healthcare market highlights

  • The Canada ai in healthcare market generated a revenue of USD 1,133.8 million in 2023 and is expected to reach USD 10,767.3 million by 2030.
  • The Canada market is expected to grow at a CAGR of 37.9% from 2024 to 2030.
  • In terms of segment, services was the largest revenue generating component in 2023.
  • Software Solutions is the most lucrative component segment registering the fastest growth during the forecast period.


Ai in healthcare market data book summary

Market revenue in 2023USD 1,133.8 million
Market revenue in 2030USD 10,767.3 million
Growth rate37.9% (CAGR from 2023 to 2030)
Largest segmentServices
Fastest growing segmentSoftware Solutions
Historical data2016 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Services, Software Solutions
Key market players worldwideMicrosoft Corp, International Business Machines Corp, Alphabet Inc Class A, NVIDIA Corp, Intel Corp, GE Aerospace, Medtronic PLC, Oracle Corp, Medidata, Merck KGaA, IQVIA Holdings Inc, Itrex Group


Other key industry trends

  • In terms of revenue, Canada accounted for 5.1% of the global ai in healthcare market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. ai in healthcare market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 10,767.3 million by 2030.

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AI In Healthcare Market Scope

Ai in healthcare market segmentation & scope
Hardware
Services
Software Solutions
Robot Assisted Surgery
Virtual Assistants
Administrative Workflow Assistants
Connected Machines
Diagnosis
Clinical Trials
Fraud Detection
Cybersecurity
Dosage Error Reduction

AI In Healthcare Market Companies

Name Profile # Employees HQ Website

Canada ai in healthcare market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai in healthcare market will help companies and investors design strategic landscapes.


Services was the largest segment with a revenue share of 37.26% in 2023. Horizon Databook has segmented the Canada ai in healthcare market based on hardware, services, software solutions covering the revenue growth of each sub-segment from 2016 to 2030.


The increase in adoption of AI in medical imaging has contributed to the market growth in Canada. For instance, Toronto’s Humber River Hospital (HRH) in collaboration with GE Healthcare installed a medical imaging tile that is a combination of artificial and human intelligence to analyze real-time data.

Growing use of AI in cancer research and treatment is leading to significant developments in the market. For instance, Microsoft Canada in partnership with BC Cancer has enabled researchers to analyze data inside a tumor at the cellular level and determine how a person’s cancer might respond to chemotherapy through the use of Azure Cloud platform.

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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ai in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Canada ai in healthcare market from 2016 to 2030, including revenue numbers, major trends, and company profiles.

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Canada ai in healthcare market size, by component, 2016-2030 (US$M)

Canada AI In Healthcare Market Outlook Share, 2023 & 2030 (US$M)

Canada ai in healthcare market size, by component, 2016-2030 (US$M)

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