Canada Digital Therapeutics Market Size & Outlook
Canada digital therapeutics market, 2018-2030 (US$M)
Related Markets
Canada digital therapeutics market highlights
- The Canada digital therapeutics market generated a revenue of USD 363.0 million in 2023 and is expected to reach USD 1,942.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 27.1% from 2024 to 2030.
- In terms of segment, diabetes was the largest revenue generating application in 2023.
- Diabetes is the most lucrative application segment registering the fastest growth during the forecast period.
Digital therapeutics market data book summary
| Market revenue in 2023 | USD 363.0 million |
| Market revenue in 2030 | USD 1,942.1 million |
| Growth rate | 27.1% (CAGR from 2023 to 2030) |
| Largest segment | Diabetes |
| Fastest growing segment | Diabetes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diabetes, Obesity, CVD, Respiratory Diseases, Smoking Cessation, CNS Diseases |
| Key market players worldwide | Omega Healthcare Investors Inc, Teladoc Health Inc, ResMed Inc, Fitbit, Mango Health, Akili Inc Ordinary Shares, Hygeia Healthcare Holdings Co Ltd Ordinary Shares, DarioHealth Corp, BioGaia AB Class B |
Other key industry trends
- In terms of revenue, Canada accounted for 5.8% of the global digital therapeutics 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 therapeutics 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 1,942.1 million by 2030.
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Digital Therapeutics Market Scope
Digital Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada digital therapeutics 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 therapeutics market will help companies and investors design strategic landscapes.
Diabetes was the largest segment with a revenue share of 29.15% in 2023. Horizon Databook has segmented the Canada digital therapeutics market based on diabetes, obesity, cvd, respiratory diseases, smoking cessation, cns diseases covering the revenue growth of each sub-segment from 2018 to 2030.
Canada’s market is expected to exhibit lucrative growth in the near future, owing to its advanced healthcare information system, e.g., the Canadian Institute for Health Information (CIHI), which can help raise awareness.
For instance, in January 2019, Health Canada circulated a draft guidance document on Software as a Medical Device (SaMD). These initiatives can help companies enhance their overall efficiency, thus, propelling the market. Furthermore, companies are adopting various strategies to cater to market demand.
In February 2021, Nex Cubed publicized a partnership with the Canadian Government to introduce the SoCal Tech Highway Digital Health Program, which provides the country’s digital health startups a chance to increase their business in the U.S. market.
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Our clientele includes a mix of digital therapeutics 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada digital therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into Canada digital therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada digital therapeutics market size, by application, 2018-2030 (US$M)
Canada Digital Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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