Canada Home Healthcare Market Overview, 2028

Canada Home Healthcare Market Overview, 2028

Canada, like many developed nations, has an aging population. As people age, there is an increased demand for healthcare services, and many prefer to receive care in the comfort of their homes. Home healthcare services cater to the needs of elderly individuals, providing them with medical and non-medical support. There is a growing trend toward patient-centric care, with an emphasis on providing healthcare services in a patient's home environment. Home healthcare allows patients to receive necessary medical attention without the need for prolonged hospital stays, reducing healthcare costs and improving patient satisfaction. The prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and respiratory conditions, has been increasing. Home healthcare services are well-suited for managing chronic conditions, as they provide on-going care and support for patients, helping them manage their health in a familiar environment. Many patients prefer receiving care at home due to the comfort and familiarity of their surroundings. Home healthcare services are designed to be patient-friendly, allowing individuals to maintain a level of independence while still receiving necessary medical attention. Home healthcare can be a cost-effective alternative to inpatient care, particularly for managing chronic conditions or post-surgery recovery. This cost-effectiveness is appealing to healthcare providers, insurers, and government agencies looking to optimize healthcare spending. The availability of skilled healthcare professionals, including nurses, therapists, and caregivers, contributes to the growth of the home healthcare market. These professionals play a crucial role in delivering high-quality care to patients in their homes. Home healthcare is often crucial for patients requiring post-acute care and rehabilitation after hospitalization or surgery. This includes physical therapy, occupational therapy, and other rehabilitation services delivered in the home environment, supporting faster recovery and reducing the risk of hospital readmissions.

According to the research report ""Canada Home Healthcare Market Overview, 2028,"" published by Bonafide Research, the Canada Home Healthcare market is expected to reach market size of more than USD 19 Billion by 2028. The integration of telehealth and remote monitoring technologies has been a significant trend. These technologies allow healthcare providers to remotely monitor patients, conduct virtual consultations, and gather real-time data. This trend has gained even more prominence in light of the COVID-19 pandemic, which accelerated the adoption of telehealth services. The integration of AI and data analytics in healthcare is impacting home healthcare as well. These technologies can assist in predicting health outcomes, identifying trends, and optimizing care plans based on data-driven insights. The use of mobile health apps and wearables continues to grow. These technologies enable patients to actively participate in their healthcare by monitoring vital signs, managing medications, and accessing health information through mobile devices, contributing to improved self-management of health conditions. Evolving payment models are influencing the delivery of home healthcare services. Value-based care arrangements and outcome-based reimbursement models are gaining popularity, encouraging providers to focus on delivering high-quality care and achieving positive patient outcomes. The importance of mental health is gaining recognition, and there is a trend towards providing mental health services in a home-based setting. This includes counseling, therapy, and other mental health support services to address the holistic well-being of patients. A growing climate of innovation and the emergence of start-ups in the healthcare technology sector are contributing to the evolution of home healthcare services. New and innovative solutions are being developed to address specific challenges and enhance the efficiency of care delivery.

In terms of Product & Services the market is categorized into Therapeutic, Testing, Screening, and Monitoring (TSM), Mobility and Services. The prevalence of chronic diseases, such as diabetes, cardiovascular conditions, and respiratory disorders, is increasing in Canada. Home healthcare services are often required for the management of chronic conditions, and the services segment, including nursing care, therapy, and disease management programs, plays a crucial role in addressing these healthcare needs. Technological advancements in healthcare enable the delivery of more sophisticated services at home. Remote monitoring, telehealth, and advanced medical devices contribute to the expansion of services that can be provided in a home setting, leading to a higher demand for healthcare services. There is a global trend towards patient-centered care, and this is particularly relevant in home healthcare. Services that focus on personalized care plans, patient education, and holistic health management are increasingly sought after, contributing to the growth of the services segment. The services segment often includes holistic care approaches, addressing not only the physical health of patients but also their mental and emotional well-being. The demand for comprehensive care that considers the overall health of individuals can contribute to the growth of services in the home healthcare market. As the prevalence of complex health conditions increases, the demand for specialized and skilled healthcare services also rises. The Services segment often includes skilled nursing, rehabilitation therapy, and specialized care for conditions such as neurological disorders. The complexity of care required contributes to the growth of services.

Based on indication the market is categorized into Cardiovascular Disorders & Hypertension, Cancer, Diabetes, Respiratory Diseases, Movement Disorders, Pregnancy, Hearing Disorders, Wound Care and Other Indications. Cardiovascular disorders, including heart disease and hypertension, are prevalent health issues in Canada. The aging population and lifestyle factors contribute to an increasing incidence of cardiovascular diseases. As a result, there is a growing need for home healthcare services that specifically cater to patients with cardiovascular disorders. Home healthcare services provide an effective platform for the monitoring and management of cardiovascular conditions. Patients with hypertension or heart-related issues can benefit from regular monitoring of vital signs, medication management, and lifestyle education provided in the comfort of their homes. Cardiovascular disorders often require personalized care plans that address not only the medical aspects but also lifestyle modifications. Home healthcare providers can tailor their services to the specific needs of patients, offering individualized care plans to manage cardiovascular health effectively. Hypertension and cardiovascular disorders often require strict medication adherence. Home healthcare services can include medication management, ensuring that patients take their prescribed medications as directed. This contributes to better disease management and prevention of complications. Home healthcare providers often take a holistic approach to care, addressing not only the physical health but also the psychosocial aspects of patients with cardiovascular disorders. This comprehensive care model is essential for managing the overall well-being of individuals with chronic conditions.

Considered in this report:
• Geography: Canada
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Canada Home Healthcare market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product & Services
• Therapeutic
• Testing, Screening, and Monitoring (TSM)
• Mobility
• Services

By Indication
• Cardiovascular Disorders & Hypertension
• Cancer
• Diabetes
• Respiratory Diseases
• Movement Disorders
• Pregnancy
• Hearing Disorders
• Wound Care
• Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analysing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Home Healthcare industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.