Canada Home Healthcare Market Analysis

$3,000.00$7,500.00

  • Type: Service area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3060

  • Format: PPT, PDF

Canada Home Healthcare Market: Segmented by Device Type, Home Healthcare Service Type and Provinces Type- Growth, Market Size, Future Prospects & Competitive Analysis, 2021 – 2028

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Report Description of the Canada Home Healthcare Market

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Research Objective:

  • To analyze and forecast the market size of Canada Home Healthcare Drugs market
  • To classify and forecast Canada Home Healthcare Market market based on application, drugs, project type, and application.
  • To identify drivers and challenges for Canada Home Healthcare market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in Canada Home Healthcare market
  • To conduct pricing analysis for Canada Home Healthcare Drugs market
  • To identify and analyze the profile of leading players operating in Canada Home Healthcare market

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Atopic Dermatitis drug market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Atopic Dermatitis market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

Canada Home Healthcare Market Executive Summary

Canada home healthcare market represents a wide range of home medical devices and services to support patients with chronic disease conditions. The risk and prevalence of chronic and lifestyle related diseases are constantly increasing in Canada which would drive the acceptance of home medical devices and services, consequently leading to the growth of the market.

Market Size and Key Findings

The Canada Home Healthcare market size is at around USD 20.6 billion in 2021 and is projected to reach USD xx billion in 2028, exhibiting a CAGR of 8.89% during the forecast period.

The Home Care Providers industry in Canada is a growing industry, with a multitude of diverse companies offering services to growing healthcare markets. Industry providers cater largely to the elderly population, which is growing at a rate exceeding the national population growth rate in Canada, as well as to individuals suffering from chronic illnesses and disabilities.

Market Dynamics

Market Growth Drivers Analysis

The home health care market offers lucrative business opportunities in Canada due to increased acceptance of home health care, technological advancements, and cost-effective alternatives compared to other modalities (i.e. hospital visits). Factors such as aging population and increasing number of people diagnosed with chronic diseases such as diabetes, cardiac disorders, and respiratory diseasesand government spending on home care services, and cost effectiveness are driving the growth of the home health care market in Canada.Other factors fueling the growth of the home health care  rising

Market Restraints

High cost of professional health care services and home medical devices is likely to restrain market growth, furthermore diverse geography and location of the service delivery also restrain the market growth.

COVID-19 impact on “Canada Home Healthcare Market” 

Due to Covid 19 pandemic consumer demand has also subsequently reduced as individuals are now more keen on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals have been severely affected by this outbreak. These aforementioned elements are expected to burden the revenue trajectory of the Canada Home Healthcare market over the forecast timeline. However, as respective governing authorities begin to lift these enforced lockdowns, the Canada Home Healthcare market is expected to recover accordingly.

Competitive Landscape

Key Players

Some of the key players operating in the Canada home healthcare market are Johnson & Johnson are Omron Healthcare, 3M Healthcare,GM Healthcare, We maintain health services, Canadian Home Care Association,Home Care Ontario and other

Products in Pipeline

Blockchain will revolutionize the healthcare industry. Home health care is mainly dependent on huge data from various resources. The data requires extensive analysis to gain crucial insights for the apt treatment required. Below are a few advantages of blockchain in healthcare:

It can easily help verify and manage patient’s medical data.Blockchain can be used for online payments and for the elimination of security issues.The integration of blockchain and healthcare can also be used in clinical research and drug development. It can be used to maintain data of trial patients, manage and keep a track of documentation, and reduce falsification of results.

Notable Recent Deals

AlayaCare, a global home care software company,announced it has acquired Delta Health Technologies, a provider of specialized home health solutions. The acquisition of Delta Health Technologies extends AlayaCare’s position as a leading provider of software-as-a-service (SaaS) technology in home healtcare market.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Canada Home Healthcare

Home care services are not publicly insured through the Canada Health Act in the same way as hospital and physician services. In Canada, most home and community care services are delivered by provincial, territorial and some municipal governments. The federal government provides funding support through transfer payments for health and social services. The federal government also delivers home care services to First Nations on-reserve and Inuit in designated communities, members of the armed forces and the RCMP, federal inmates, and eligible veterans. Health Canada is engaged in research and policy analysis on home and community care across Canada.

1. Report Description of the Canada Home Healthcare Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Canada Home Healthcare Market Executive Summary
2.1 Canada Home Healthcare Market – Industry Snapshot & key buying criteria, 2020-2025
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Canada Home Healthcare Market
3.1 Market Growth Drivers Analysis
3.1.1 increased acceptance of home health care
3.1.2 technological advancements
3.1.3 cost-effective alternatives compared to other modalities
3.1.4 Growing geriatric population with chronic diseases
3.1.5 rising government spending on home care services
3.2 Market Restraints Analysis
3.2.1 High cost of professional healthcare services and home medical devices
3.2.2 Diverse geography and location of the service delivery
3.3 Covid-19 Market Impact Analysis
3.3.1 Negative impact on outcomes
4. Canada Home Healthcare Market Segmentation
4.1 By Device Type Analysis:
4.1.1 Diagnostic and monitoring Device
4.1.1.1 Blood Glucose Monitors
4.1.1.2 Heart Rate Monitors
4.1.1.3 Temprature Monitors
4.1.1.4 Sleep Apnea Monitors
4.1.1.5 Coagulation Monitors
4.1.1.6 Pregnancy Test Kits
4.1.1.7 Pulse Oximeters
4.1.2 Therapeutic Home Healthcare Devices
4.1.2.1 Insulin Delivery Devices
4.1.2.2 Nebulizers
4.1.2.3 Ventilator and Continuous Positive Airway Pressure (CPAP) Devices
4.1.3 Mobility Assist
4.1.3.1 Wheel Chair
4.1.3.2 Home Medical Furniture
4.1.3.3 Walking Assist devices
4.1.4 Medical supplies
4.2 By Home Healthcare Service Analysis:
4.2.1 Rehabilitation Services
4.2.2 Telehealth and Telemedicine Services
4.2.3 Infusion Therapy Services
4.2.4 Respiratory Services
4.2.5 Unskilled Home Healthcare Services
4.3 By Provinces Analysis:
4.3.1 Ontario
4.3.2 Quebec
4.3.3 Alberta
4.3.4 Rest of Canada
5. Canada Home Healthcare Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in Canada Home Healthcare Market
6.4 Notable recent deals in Canada Home Healthcare Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers &Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Johnson & Johnson Medical Company Overview
Product & Services, Strategies & Financials
7.2 Omron Healthcare Company Overview
Product & Services, Strategies & Financials
7.3 3M Healthcare Company Overview
Product & Services, Strategies & Financials
7.4 GM Healthcare Overview
Product & Services, Strategies & Financials
7.5 We maintain health services Company Overview
Product & Services, Strategies & Financials
7.6 Canadian Home Care Association Company Overview
Product & Services, Strategies & Financials
7.7 Home Care Ontario Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of Canada Home Healthcare Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development Canada Home Healthcare Market
9.2 Future Opportunities
10. Strategic Recommendations

Atopic Dermatitis Market Segmentation

By Device Type Analysis:

Based on device type Canada home healthcare maket is segmented into diagnostic and monitoring devices, therapeutic healthcare devices, home mobility assist devices and medical supplies

  • 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
    • Diabetic Care Unit
    • BP Monitors
    • Multi Para Diagnostic Monitors
    • Home Pregnancy and Fertility Kits
    • Other Self-Monitoring Equipment
    • Apnea and Sleep Monitores
    • Holter Monitors
    • Heart rate Meters
    • Other Diagnostic Equipment

By by Home Healthcare Services Analysis:

Based on services, the home health care market has been segmented into telehealth and telemedicine services, infusion therapy services,  respiratory therapy services,and unskilled home health care services. Rehabilitation Services

  • Telehealth and Telemedicine Services
  • Infusion Therapy Services
  • Respiratory Therapy Services
  • Unskilled Home Healthcare Services

By by  Provinces Analysis:

The home health care market in Canada has been segmented into four major regions: Ontario, Quebec, Alberta, and Rest of Canada.

  • Ontario
  • Quebec
  • Alberta
  • Rest of Canada

Research Methodology

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

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or 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 develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

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 around 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.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

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:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no 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. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form 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 North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. 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 the company level averages etc.

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

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed 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 are then, interpreted by considering following parameters: (a partial list)

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

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
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 consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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