Canada Digital Health Market Size & Outlook, 2024-2030
Canada digital health market, 2018-2030 (US$M)
Related Markets
Canada digital health market highlights
- The Canada digital health market generated a revenue of USD 10,900.3 million in 2023 and is expected to reach USD 54,611.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 25.9% from 2024 to 2030.
- In terms of segment, tele-healthcare was the largest revenue generating technology in 2023.
- Tele-Healthcare is the most lucrative technology segment registering the fastest growth during the forecast period.
Digital health market data book summary
| Market revenue in 2023 | USD 10,900.3 million |
| Market revenue in 2030 | USD 54,611.8 million |
| Growth rate | 25.9% (CAGR from 2023 to 2030) |
| Largest segment | Tele-healthcare |
| Fastest growing segment | Tele-Healthcare |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tele-Healthcare, MHealth, Healthcare Analytics, Digital Health Systems |
| Key market players worldwide | Epic Systems Corporation, Telefonica SA, AT&T, Airstrip Technologies, Quantum-Si Inc Ordinary Shares - Class A, Alphabet Inc Class C, Orange SA, SoftServe, Hims & Hers Health Inc Ordinary Shares - Class A, Computer Programs and Systems Inc. (CPSI), Vocera Communications, International Business Machines Corp, Cisco Systems Inc, Apple Inc, Oracle Corp, Veradigm Inc, McKesson Corp, Vodafone Group PLC, Qualcomm Inc, Samsung Electronics Co Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 4.5% of the global digital health 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. digital health 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 54,611.8 million by 2030.
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Digital Health Market Scope
Digital Health Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada digital health 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 digital health market will help companies and investors design strategic landscapes.
Tele-healthcare was the largest segment with a revenue share of 43.2% in 2024. Horizon Databook has segmented the Canada digital health market based on tele-healthcare, mhealth, healthcare analytics, digital health systems covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in the adoption of digital technology has contributed to growth of the m-Health market in Canada. According to a survey conducted by PwC’s Healthcare Services practices team on approximately 2,500 Canadians, a significant percentage of the population was interested in digital care practices.
Canada has organizations promoting the adoption of eHealth solutions, for instance, Canada Health Infoway—a federally funded organization with dedicated standards. The key program initiated by this agency includes EHR registries, imaging systems, infrastructure laboratory systems, interoperable EHRs, telehealth, and innovation in eHealth.
Canadian electronic health system is based on provincial levels, which actively supports smaller innovators to thrive and come up with newer solutions. This creates healthy competition, enabling the development of various digital healthcare platforms.
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Our clientele includes a mix of digital health market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada digital health market , including forecasts for subscribers. This country databook contains high-level insights into Canada digital health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada digital health market size, by technology, 2018-2030 (US$M)
Canada Digital Health Market Outlook Share, 2024 & 2030 (US$M)
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