Canada Mhealth Market Size & Outlook, 2023-2030
Canada mhealth market, 2018-2030 (US$M)
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Canada mhealth market highlights
- The Canada mhealth market generated a revenue of USD 2,835.1 million in 2023 and is expected to reach USD 9,137.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 18.2% from 2024 to 2030.
- In terms of segment, mhealth apps was the largest revenue generating component in 2023.
- MHealth Apps is the most lucrative component segment registering the fastest growth during the forecast period.
Mhealth market data book summary
| Market revenue in 2023 | USD 2,835.1 million |
| Market revenue in 2030 | USD 9,137.0 million |
| Growth rate | 18.2% (CAGR from 2023 to 2030) |
| Largest segment | Mhealth apps |
| Fastest growing segment | MHealth Apps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wearables & Connected Medical Devices, MHealth Apps, Services |
| Key market players worldwide | Apple Inc, AT&T, Airstrip Technologies, Veradigm Inc, Qualcomm Inc, Vodafone Group PLC, Alphabet Inc Class A, Telefonica SA, SoftServe, Samsung Electronics Co Ltd, Orange SA |
Other key industry trends
- In terms of revenue, Canada accounted for 4.4% of the global mhealth 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. mhealth 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 9,137.0 million by 2030.
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Mhealth Market Scope
Mhealth Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada mhealth 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 mhealth market will help companies and investors design strategic landscapes.
Mhealth apps was the largest segment with a revenue share of 63.03% in 2023. Horizon Databook has segmented the Canada mhealth market based on wearables & connected medical devices, mhealth apps, services covering the revenue growth of each sub-segment from 2018 to 2030.
mHealth market in Canada is growing continuously owing to various benefits of mHealth, including cost-savings and reduced medical expenses by around USD 16 billion from investments in telehealth, diagnostic imaging, drug information systems, & EMRs. Furthermore, increasing adoption of mHealth technologies is anticipated to boost market growth in the country.
For instance, the share of primary care physicians using EMRs in Canada increased from 72% in 2019 to 78% in 2021. Moreover, the adoption of telehomecare services is increasing, as these services can help prevent unnecessary hospital and emergency room visits.
The Canadian government has initiated various consumer health demonstration projects. These projects enable consumers to view their health information online, such as lab results, consultations with healthcare providers, and appointments. Around 11,000 patients, caregivers, and family members have signed up for these programs and have used these services more than 119,000 times.
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Our clientele includes a mix of mhealth 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 mhealth market , including forecasts for subscribers. This country databook contains high-level insights into Canada mhealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada mhealth market size, by component, 2018-2030 (US$M)
Canada Mhealth Market Outlook Share, 2023 & 2030 (US$M)
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