Canada Healthcare It Market Size & Outlook, 2021-2030
Canada healthcare it market, 2018-2030 (US$M)
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Canada healthcare it market highlights
- The Canada healthcare it market generated a revenue of USD 522.0 million in 2021 and is expected to reach USD 1,012.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.6% from 2022 to 2030.
- In terms of segment, finance and billing was the largest revenue generating function in 2021.
- Inventory and material management is the most lucrative function segment registering the fastest growth during the forecast period.
Healthcare it market data book summary
| Market revenue in 2021 | USD 522.0 million |
| Market revenue in 2030 | USD 1,012.9 million |
| Growth rate | 7.6% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inventory and material management, Supply chain and logistics management, Patient relationship management, Finance and billing |
| Key market players worldwide | Koninklijke Philips NV, McKesson Corp, Veradigm Inc, Carestream Health - HCIS business, EMDS, Athenahealth |
Other key industry trends
- In terms of revenue, Canada accounted for 8.7% of the global healthcare it market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. healthcare it 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 1,012.9 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada healthcare it 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 it market will help companies and investors design strategic landscapes.
Finance and billing was the largest segment with a revenue share of 33.26% in 2021. Horizon Databook has segmented the Canada healthcare it market based on inventory and material management, supply chain and logistics management, patient relationship management, finance and billing 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.
The key strength of the Canadian system is its focus on strategic investments in projects that empower national health agendas. For instance, in March 2016, it was reported that the Canadian government allocated over USD 50 million for digitalization of healthcare system to improve medication management.
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Target buyers of Canada healthcare it market databook
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Our clientele includes a mix of healthcare it 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 healthcare it market , including forecasts for subscribers. This country databook contains high-level insights into Canada healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada healthcare it market size, by function, 2018-2030 (US$M)
Canada Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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