Report Overview

Canadas Telemedicine market size stood at around USD XX.X billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of XX% during the forecast period.

Integrating healthcare with advanced technologies like IoT, and data analytics has increased the growth opportunities of the telemedicine market in Canada. Also, the emergence of home care devices and social platforms has improved communication between consumers and professionals for transferring information and physiological data, home care devices can track the health status of patients and will regularly update the data to professionals leading to rising demand for these devices. Besides, improved use of technology in healthcare conveyance and a lack of physicians in rural areas are foreseen to offer a new prospect for most of the telemedicine market.

 



Driving Factors

High incidences of chronic diseases, rising healthcare costs, technological innovations, an increase in the aging population, and rising awareness regarding remote patient monitoring are the major driving factors for the Canadian Telemedicine Market. According to the Canadian Attitudes on Healthcare and Telemedicine Report, 70% of Canadians believe virtual care represents the future. The research was sponsored by Canadian virtual healthcare leader Dialogue. In Canada, 46% say it would take more than 4 days to see a healthcare professional for a minor health concern and 22% say it would take more than a week. With the advent of advanced technologies such as machine learning, artificial intelligence, the Internet of Things (IoT), virtual hospitals, and telehealth apps, the adoption of telemedicine is increasing rapidly.