Canada Long-term Care Market Size & Outlook, 2023-2030
Canada long-term care market, 2018-2030 (US$M)
Related Markets
Canada long-term care market highlights
- The Canada long-term care market generated a revenue of USD 29,123.0 million in 2023 and is expected to reach USD 41,876.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, nursing care was the largest revenue generating service in 2023.
- Hospice is the most lucrative service segment registering the fastest growth during the forecast period.
Long-term care market data book summary
| Market revenue in 2023 | USD 29,123.0 million |
| Market revenue in 2030 | USD 41,876.4 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Nursing care |
| Fastest growing segment | Hospice |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities |
| Key market players worldwide | Brookdale Senior Living Inc, Knight Therapeutics Inc, Life Healthcare Group Holdings Ltd, Sunrise Medical, Extendicare Inc, Sonida Senior Living Inc, Genesis Healthcare Inc Class A, Amedisys Inc, Home Instead, Diversicare Healthcare Services, Atria Senior Living |
Other key industry trends
- In terms of revenue, Canada accounted for 2.6% of the global long-term care 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. long-term care market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 779,366.2 million by 2030.
Nursing care was the largest segment with a revenue share of 40.92% in 2023. Horizon Databook has segmented the Canada long-term care market based on home healthcare, hospice, nursing care, assisted living facilities covering the revenue growth of each sub-segment from 2018 to 2030.
Well-established healthcare infrastructure and increasing demand are major drivers for the market in Canada. According to Canadian Institute for Health Information, as of 2021, there are around 2,076 long-term care facilities in Canada with 198,220 beds for patients aged 65 years and above. Long-term care homes in Ontario provide support and care to more than 115,000 individuals and their families annually.
The majority of these individuals have chronic health conditions, compromising health & cognitive impairment and physical frailty. As per Government of Canada, around 76,000 new cases of dementia are reported in Canada annually and around 14.3 cases per 1000 individuals are of aged 65 years and above.
However, the country is facing a shortage of care providers due to the increasing number of individuals in need of help. In addition, the government has set the target of adding 286,648 upgraded and 31,705 new beds in Ontario province.
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Long-Term Care Market Scope
Long-Term Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada long term care market size, by service, 2018-2030 (US$M)
Canada Long-Term Care Market Outlook Share, 2023 & 2030 (US$M)
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