Market Insights Digital Digital Health Digital Treatment & Care

Digital Care Management - Canada

Canada

The Digital Care Management market in Canada is expected to generate a revenue of US$1,468.00m in 2024.
This represents a projected annual growth rate (CAGR 2024-2028) of 9.60%, resulting in a market volume of US$2,118.00m by 2028.
The user penetration rate is projected to be 42.51% in 2024 and is expected to increase to 49.43% by 2028.
The average revenue per user (ARPU) is estimated to be US$88.52.
In comparison to other countries, in the United States is forecasted to generate the highest revenue, amounting to US$19,020.00m in 2024.
In Canada's Digital Health market, there is a growing trend towards the adoption of Digital Care Management solutions to improve patient engagement and outcomes.

Key regions: Italy, Japan, United Kingdom, France, Asia

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Analyst Opinion

The Digital Care Management market in Canada is experiencing significant growth and development across various segments including online pharmacy, medication checker apps, and contraception and fertility apps.

Customer preferences: Consumers in Canada are increasingly turning to digital platforms for managing their healthcare needs due to the convenience and accessibility offered by online pharmacy services. The ability to order medications online and have them delivered directly to their doorstep is particularly appealing to busy individuals and those with mobility issues. Additionally, the rising popularity of medication checker apps is driven by the desire for accurate and reliable information about prescription drugs, helping users make informed decisions about their healthcare.

Trends in the market: In the online pharmacy sector, there is a growing trend towards telemedicine services, where patients can consult with healthcare providers virtually and receive prescriptions online. This trend is fueled by the need for remote healthcare solutions, especially in light of the COVID-19 pandemic. Medication checker apps are also evolving to provide more comprehensive drug interaction information and personalized recommendations based on individual health profiles. Furthermore, there is a noticeable increase in the adoption of contraception and fertility apps among tech-savvy consumers who value data-driven insights and tracking capabilities for family planning purposes.

Local special circumstances: Canada's healthcare system is known for its universal coverage and high standards of care, which have fostered a culture of health-consciousness among the population. As a result, there is a strong demand for digital care management solutions that complement traditional healthcare services and empower individuals to take control of their well-being. The presence of strict regulations and quality standards in the healthcare industry also contributes to the trust and confidence that Canadian consumers have in digital care management platforms.

Underlying macroeconomic factors: The growing trend towards digitalization in the healthcare sector is supported by Canada's robust internet infrastructure and high smartphone penetration rates. The country's stable economy and relatively affluent population further drive the adoption of digital care management services, as consumers are willing to invest in technology-driven solutions for their healthcare needs. Additionally, government initiatives to promote innovation in healthcare and improve access to telehealth services are creating a favorable environment for the expansion of the Digital Care Management market in Canada.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.