The Digital Health Market size in Canada was valued at more than USD 4.77 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of xx% from 2019 to 2028.

Provider and patient-centric solutions are dominating Canadas digital health sector. But this year, the spotlight on a new segment: life science R&D, which has helped drive the development of diagnostics, vaccines, and treatments against the Covid-19 virus. Additionally, factors like demographic changes, waiting time, increasing burden of chronic diseases, outcome-based care, and other pressing industry challenges are compelling the Canadian healthcare system to deliver more with less. Technology adoption and spending trends, including the role of digital technologies in providing care in Canada, innovation in healthcare; driven by start-ups, changes in procurement processes, and evolution of transformative technologies such as analytics, mobility, IoT, remote, 3D, and augmented reality that is changing the Canadian healthcare market.



Market Drivers

Increasing cases of obesity, high prevalence of chronic diseases such as Diabetes, Cardiovascular, growing need for remote patient monitoring services, and increasing patient engagement and connectivity owing to high adoption of digital health technology are the major factors promoting the market growth.

The increasing awareness and growing adoption of advanced technologies like mHealth and telemedicine by the Canadian population are expected to boost digital health platforms. Additionally, many companies are entering into a digital pace focused on providing accessibility, quality, efficient treatment, and cost-effectiveness solution to Canadian patients.