Canada Home Healthcare Market Is Expected to Reach Usd 18.9 Billion by 2020

Transparency Market
Research

Canada Home Healthcare Market - Industry Analysis, Size,
Share, Growth, Trends and Forecast 2014 - 2020

Published Date
22-06-2015

113 Page Report

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Press Release

Canada Home Healthcare Market is expected to Reach USD
18.9 Billion by 2020

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Canada Home Healthcare Market

REPORT DESCRIPTION

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...