Canada Home Healthcare Market - Industry Analysis, Size,
Share, Growth, Trends and Forecast 2014 - 2020
113 Page Report
Canada Home Healthcare Market is expected to Reach USD
18.9 Billion by 2020
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Canada Home Healthcare Market
The home health care market includes a wide range of medical devices and services that are used by patients to treat, diagnose, and monitor a variety of chronic diseases. These devices and services play an important role in providing cost-effective health care to the patients. 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 diseases are driving the growth of the home health care market in Canada.
The Public Health Agency of Canada estimated that three individuals out of five in Canada (aged 20 years and above) suffer from chronic diseases such as diabetes, cancer, mental illness, and cardiovascular diseases, and four out of five are at risk of developing chronic conditions. Moreover, several organizations, such as the Commission on Accreditation of Rehabilitation Facilities Canada, offer accreditation programs to the home care service providers to improve their home care business operation and quality of patient care, which in turn would contribute to the growth of the market. Other factors fueling the growth of the home health care market are aging population, rising government spending on home care services, and cost effectiveness However, the high cost of professional health care services and home medical devices is likely to restrain market growth.
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This report encompasses a detailed study of various home medical devices and home health care services in Canada. Home health care devices have been segmented into diagnostic and monitoring devices, therapeutic devices, home mobility assist devices, and medical supplies. The diagnostic and monitoring devices segment includes blood glucose monitors, blood pressure monitors, sleep apnea monitors, pregnancy test kits, pulse oximeters, heart rate monitors, temperature monitors, pedometers, and coagulation monitors. The therapeutic devices segment comprises insulin delivery devices, nebulizers, ventilators and CPAP devices, IV equipment, and dialysis equipment. The home mobility assist devices segment has been further categorized into
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