Canada Telemedicine Market Analysis

Canada Telemedicine Market Analysis

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The Canada Telemedicine market was valued at $4.864 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 18.2% from 2022 to 2030 and will reach $18.532 Bn in 2030. One of the main reasons propelling the growth of this market is the advent of advanced technologies, rising cases of chronic and lifestyle related disease. The market is segmented by end user, product type and Delivery mode. Some key players in this market are Cerner Corporation, GE Healthcare, Physiotherapy Ltd etc.

ID: IN10CADH010 CATEGORY: Digital Health GEOGRAPHY: Canada AUTHOR: Nandini Shah

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Canada Telemedicine Market Executive Summary

The Canada telemedicine market was valued at $4.864 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 18.2% from 2022 to 2030 and will reach $18.532 Bn in 2030. Telehealth is valuable to those with mobility issues, and those in rural areas, where healthcare is less accessible. Some contributing factors to a larger demand for telehealth in Canada might be a result of the increase in housing prices in urban areas, which have forced many to move into rural areas of the country.

The Ontario Telemedicine Network reports that more than 1 Mn clinical video events took place in 2018-19,17 but relative to the total volume of service the percentage would not be dramatically greater. According to the Canadian Attitudes on Healthcare and Telemedicine Report, 70% of Canadians believe virtual care represents the future. The research was sponsored by Canadian virtual healthcare leader Dialogue and conducted by Environics Research to understand Canadians' attitudes toward healthcare and telemedicine.

canada telemedicine market analysis

Market Dynamics

Market Growth Drivers Analysis

Rising use of smartphones and the upcoming various mobile platforms. 86% of Canadians have a smartphone and that has changed expectations of when and where one can access personal information. Telehome systems can be used to track and support patients with a variety of respiratory and chronic conditions that can be treated without the need for hospital visits. Rising Chronic diseases and conditions are the leading cause of death and disability in Ontario. 25% of Canadian adults suffer from hypertension and 11% suffer from diabetes. Total health spending in Canada was $186.2 Bn in 2022, with $8563 per Canadian. The average Canadian household spends $2,000 on healthcare costs and $4,000 on private insurance premiums. The population of Canada above 65 plus stands at 7.3 Mn in 2022. By 2030, the 65+ population will cross 9.5 million and will make up 23% of Canadians. Regulatory agencies, such as the U.S. Food and Drug Administration (FDA), are extensively approving digital health platforms and services in order to increase patient access and competition in the marketplace.

Market Restraints

Non-eligible or non-listed healthcare providers may conduct incorrect coding and bill for false claims, or they might use physicians’ names and account to collect payments from insurance companies. Many consumers do not share confidential health details due to security and trust issues.

Each region has different rules and regulations about the types of services that can be reimbursed by Medicaid. Many states place restrictions on reimbursable “originating sites,” which refer to the location of the patients at the time of receiving the telehealth services which affect the access to telehealth for rural populations

Competitive Landscape

Key Players

  • Cerner Corporation
  • GE Healthcare
  • Action First
  • Physiotherapy Ltd
  • Honeywell International Inc
  • iTelemed

Healthcare Policies and Regulatory Landscape

Telemedicine is used in every province in Canada; however, the restrictions vary by province. The Federation of Medical Regulatory Authorities of Canada (FMRAC) aids in establishing policies and procedures across Canada. Each province has its own telemedicine licensing, insurance coverage, and fee policies. All provinces have adopted teleconsultation through video/audio, however, the use of remote monitoring technologies has been seen only in four provinces (Quebec, Ontario, New Brunswick, and Manitoba).

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Telemedicine Market Segmentation

By Product and Services

Hardware segment is the largest component in Canada. Telemedicine market Hardware segment is divided into Health IT, connectivity/infrastructure, Medical devices (for remote patient monitoring), and others (Kits and telemedicine carts). Tele-monitoring is expected to hold largest market share by
2030 due to increasing demand of remote patient monitoring devices.

  • Hardware
  • Software
  • Tele-Consulting
  • Tele-monitoring
  • Tele-education/ training

By End User

The market for tele home segment is estimated to be worth USD 4.19Bn by 2029. Tele home segment has proven potential for the growth of telemedicine market.

  • Tele Hospital
  • Telehome

By Delivery Mode

  • Web
  • Mobile
  • Call centers

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:



Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
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Last updated on: 30 May 2023

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