Canada Home Healthcare Market Investigation and Growth Forecasted Until the End of 2020

Posted on 2019-07-16 by Mark Hub in Pharmaceuticals // 0 Comments

Albany, USA, 2019-Jul-16 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Canada Home Healthcare Market”. The study offers a clear insight about the prevailing trends and innovations happening in the Canada Home Healthcare Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the mentioned forecast period. In addition, a holistic view of the entire global market scenario across all the prime regional segments, such as (Regions) has been delivered.

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The Canada home healthcare market is exhibiting a CAGR of 8.9% in the forecast period of 2014 to 2020. According to a research report released by MRRSE, the Canada home healthcare market is expected to reach US$18.94 bn by the end of 2020, after being recorded at US$10.45 bn in 2013. The report is titled “Canada Home Healthcare Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, and is available on the company website now.

According to the report, the Canada home healthcare market is primarily driven by the rising number of patients who suffer from ailments such as diabetes, arthritis, cancer, and multiple chronic diseases. This rising prevalence of diseases, coupled with a growing population of geriatric Canadian citizens, is boosting the Canada home healthcare market at a rapid rate.

Other drivers of the Canada home healthcare market include technological advancements that allow for a more efficient healthcare service that can be delivered at an optimum time, and a growing awareness of citizens towards the Canada home healthcare market and its services.Between the different segments of the Canada home healthcare market according to type, the market is led by diagnostics and monitoring devices, a segment that held over 30% of the market in 2013. This segment is boosted by consistent government efforts taken to increase awareness among citizens regarding the existence of diagnostic and monitoring devices and their benefits.

The home mobility segment earned the lowest revenue for the Canada home healthcare market in 2013. This is attributed to the low market cost of the instruments sold in the home mobility segment, such as walkers, crutches, cranes, and rollators.In terms of services, the Canada home healthcare market is led by the segment of telehealth and telemedicine. The segment is progressing at a CAGR of 11.0% by 2020. The telehealth and telemedicine segment generated 2% of the usual revenue recorded in the Canada home healthcare market in 2013. The Canada home healthcare market services are constantly driven by factors such as high cost-effectiveness, easier access to rural locations, and high quality care of patients.

From a geographical perspective, the Canada home healthcare market was led by the province of Ontario in 2013. At the same time, the Canada home healthcare market in the Quebec is expected to rise at a rapid CAGR of 9.2%. The report cites increasing population of chronically ill people as the key reason for the high growth rate of the Canada home healthcare market in Quebec.Key players involved in the Canada home healthcare market are Home Care Ontario, The Canadian Home Caress, We Care Health Services, GM Healthcare, 3M Healthcare, Omron Healthcare, and Johnson & Johnson.

The home health care market in Canada has been segmented into four major regions: Ontario, Quebec, Alberta, and Rest of Canada. The market size and forecast for each province has been estimated for the period from 2012 to 2020 in terms of revenue (USD million), considering 2013 as the base year. The report also provides the compound annual growth rate (CAGR %) during the forecast period from 2014 to 2020 for all the provinces mentioned above.

Complete Report Details with Tables and Figures @ https://www.mrrse.com/canada-home-healthcare-market

The market overview section of the report discusses the market dynamics with respect to the market drivers, restraints, and opportunities. This section also covers market attractiveness analysis of the home health care market in Canada. A list of recommendations for new players planning to enter the market and for existing players to enhance their market shares is also presented in the report. The report concludes with company profiles of key players operating across various segments of the market. Each company profile includes business overview, financial overview, product portfolio, business strategies, and recent developments. Some of the prominent players in the home health care market in Canada that have been profiled in the report include 3M Health Care, Abbott Laboratories, Inc., Cardinal Health, Inc., Johnson & Johnson, GE Company, Invacare Corporation, and Medtronic, Inc.

The Canada Home Healthcare market is segmented into the following categories:

Canada Home Healthcare Market, by Device Types
- Diagnostic and Monitoring Devices
  - Blood Glucose Monitors
  - Blood Pressure Monitors
  - Heart Rate Monitors
  - Temperature Monitors
  - Sleep Apnea Monitors
  - Coagulation Monitors
  - Pregnancy Test Kits
  - Pulse Oximeters
  - Pedometers
- Therapeutic Home Healthcare Devices
  - Insulin Delivery Devices
  - Nebulizers
  - Ventilator and Continuous Positive Airway Pressure (CPAP) Devices
  - Intravenous (IV) Equipment
  - Dialysis Equipment
- Home Mobility Assist Devices
  - Wheelchairs
  - Cranes and Crutches
  - Other Home Mobility Assist Devices (Walkers, Rollators and Mobility Scooters)
- Medical Supplies
Canada Home Healthcare Market, by Services
- Rehabilitation Services
- Telehealth and Telemedicine Services
- Infusion Therapy Services
- Respiratory Therapy Services
- Unskilled Home Healthcare Services
Canada Home Healthcare Market, by Provinces
- Ontario
- Quebec
- Alberta
- Rest of Canada

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