Canada Telehealth Market Size & Outlook, 2023-2030
Canada telehealth market, 2018-2030 (US$M)
Related Markets
Canada telehealth market highlights
- The Canada telehealth market generated a revenue of USD 11,449.9 million in 2023 and is expected to reach USD 42,154.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 20.5% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Telehealth market data book summary
| Market revenue in 2023 | USD 11,449.9 million |
| Market revenue in 2030 | USD 42,154.6 million |
| Growth rate | 20.5% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Siemens Healthineers AG ADR, Medtronic PLC, Teladoc Health Inc, American Well Corp Ordinary Shares - Class A, Evernorth, Doctor On Demand, Global Med Technologies |
Other key industry trends
- In terms of revenue, Canada accounted for 11.3% of the global telehealth 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. telehealth 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 150,131.3 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada telehealth 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 telehealth market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 46.77% in 2023. Horizon Databook has segmented the Canada telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in adoption of digital technology has contributed to growth of the telehealth market in Canada. According to a survey conducted by PwC’s Healthcare Services practices team on approximately 2,500 Canadians, a significant percentage of the population was interested in digital care practices.
Canada has organizations promoting adoption of eHealth solutions, for instance, Canada Health Infoway—a federally funded organization with dedicated standards. The key programs initiated by this agency include EHR registries, imaging systems, infrastructure laboratory systems, interoperable EHRs, telehealth, and innovation in eHealth.
Canadian electronic health system is based on provincial levels, which actively supports smaller innovators to thrive and come up with newer solutions. This creates a healthy competition, enabling development of various telehealth platforms.
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Our clientele includes a mix of telehealth market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada telehealth market , including forecasts for subscribers. This country databook contains high-level insights into Canada telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada telehealth market size, by product, 2018-2030 (US$M)
Canada Telehealth Market Outlook Share, 2023 & 2030 (US$M)
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