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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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...