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.
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.
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.
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
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)
22.214.171.124 Product Applications and Services
126.96.36.199 Recent Developments
188.8.131.52 Partnerships Ecosystem
184.108.40.206 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
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.
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.
By Delivery Mode
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