Canada Telecare Market Size & Outlook, 2023-2030

The telecare market in Canada is expected to reach a projected revenue of US$ 1,016.6 million by 2030. A compound annual growth rate of 6.7% is expected of Canada telecare market from 2024 to 2030.
Revenue, 2023 (US$M)
$644.6
Forecast, 2030 (US$M)
$1,016.6
CAGR, 2024 - 2030
6.7%
Report Coverage
Canada

Canada telecare market highlights

  • The Canada telecare market generated a revenue of USD 644.6 million in 2023 and is expected to reach USD 1,016.6 million by 2030.
  • The Canada market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
  • In terms of segment, remote medication management was the largest revenue generating type in 2023.
  • Remote Medication Management is the most lucrative type segment registering the fastest growth during the forecast period.


Telecare market data book summary

Market revenue in 2023USD 644.6 million
Market revenue in 2030USD 1,016.6 million
Growth rate6.7% (CAGR from 2023 to 2030)
Largest segmentRemote medication management
Fastest growing segmentRemote Medication Management
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationActivity Monitoring, Remote Medication Management
Key market players worldwideTeladoc Health Inc, Abbott Laboratories, Johnson & Johnson, AstraZeneca PLC, Roche Holding AG ADR, Novartis AG ADR, Bristol-Myers Squibb Co, GlaxoSmithKline, Merck & Co Inc, Pfizer Inc, Sanofi SA, Samsung Electronics Co Ltd, Qualcomm Inc, Orange SA, Alphabet Inc Class A, Airstrip Technologies, AT&T, Apple Inc, Allscripts Healthcare


Other key industry trends

  • In terms of revenue, Canada accounted for 14.7% of the global telecare 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. telecare 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 1,016.6 million by 2030.

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Telecare Market Companies

Name Profile # Employees HQ Website

Canada telecare 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 telecare market will help companies and investors design strategic landscapes.


Remote medication management was the largest segment with a revenue share of 50.79% in 2023. Horizon Databook has segmented the Canada telecare market based on activity monitoring, remote medication management covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Canada telecare market databook

  • Our clientele includes a mix of telecare market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada telecare market, including forecasts for subscribers. This country databook contains high-level insights into Canada telecare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada telecare market size, by type, 2018-2030 (US$M)

Canada Telecare Market Share, 2023 & 2030 (US$M)

Canada telecare market size, by type, 2018-2030 (US$M)

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