Canada Healthcare Information System Market Size & Outlook
Canada healthcare information system market, 2018-2030 (US$M)
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Canada healthcare information system market highlights
- The Canada healthcare information system market generated a revenue of USD 21,537.6 million in 2023 and is expected to reach USD 48,502.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, revenue cycle management was the largest revenue generating application in 2023.
- Hospital Information System is the most lucrative application segment registering the fastest growth during the forecast period.
Healthcare information system market data book summary
| Market revenue in 2023 | USD 21,537.6 million |
| Market revenue in 2030 | USD 48,502.0 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Revenue cycle management |
| Fastest growing segment | Hospital Information System |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laboratory Informatics, Revenue Cycle Management, Hospital Information System, Pharmacy Automation Systems, Medical Imaging Information System |
| Key market players worldwide | Agfa-Gevaert NV, Koninklijke Philips NV, Hewlett Packard Enterprise Co, McKesson Corp, Allscripts Healthcare, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Epic Systems Corporation, Carestream Health - HCIS business, Siemens Healthineers AG ADR, NextGen Healthcare, NXGN, Athenahealth, Medidata, Sword Health, eClinicalWorks, Novarad, e-MDs, Ada Health, Siilo, Greenway Health, Infor |
Other key industry trends
- In terms of revenue, Canada accounted for 4.7% of the global healthcare information system 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. healthcare information system market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 15,300.2 million by 2030.
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Healthcare Information System Market Scope
Healthcare Information System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada healthcare information system 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 healthcare information system market will help companies and investors design strategic landscapes.
Revenue cycle management was the largest segment with a revenue share of 61.89% in 2023. Horizon Databook has segmented the Canada healthcare information system market based on laboratory informatics, revenue cycle management, hospital information system, pharmacy automation systems, medical imaging information system covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing adoption of digital technology has contributed to the growth of IoT in healthcare market in Canada. This has led to increase in the adoption of IT solutions and digital care practices in the healthcare industry in the country.
For instance, according to a survey conducted by PwC’s Healthcare Services practices team on approximately 2,500 people in Canada, a significant percentage of the population was interested in digital care practices.
Furthermore, favorable government initiatives toward building digital solutions in healthcare is boosting market growth. For instance, organizations such as Canada Health Infoway, in association with Accreditation Canada—a federally funded organization with dedicated standards to improve the Canadian healthcare system—are taking steps to accelerate the development, adaptation, and efficient use of digital health in the country.
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Our clientele includes a mix of healthcare information system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada healthcare information system market , including forecasts for subscribers. This country databook contains high-level insights into Canada healthcare information system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada healthcare information system market size, by application, 2018-2030 (US$M)
Canada Healthcare Information System Market Outlook Share, 2023 & 2030 (US$M)
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