Outpatient Care - Canada

Canada

The Outpatient Care market in Canada is projected to achieve a revenue of US$14.58bn in 2024.
It is expected to witness an annual growth rate (CAGR 2024-2029) of 5.94%, leading to a market volume of US$19.46bn by 2029.
In terms of global comparison, in the United States is anticipated to generate the highest revenue, amounting to US$744.80bn in 2024.
In Canada, the trend in the outpatient care market is a growing demand for telemedicine services due to its vast geographic landscape.

Key regions: France, Germany, United Kingdom, Canada, United States

Market

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Currency

Analyst Opinion

The Outpatient Care market in Canada has been experiencing significant growth over the past few years.

Customer preferences: One of the main reasons for this growth is the increasing demand for outpatient care services due to the aging population in Canada. As the population ages, there is a greater need for healthcare services, including outpatient care. Additionally, patients are increasingly looking for more convenient and cost-effective healthcare options, which outpatient care facilities can provide.

Trends in the market: Another trend in the Outpatient Care market in Canada is the increasing adoption of technology. Many outpatient care facilities are investing in electronic health records and telemedicine technology to improve patient care and increase efficiency. This trend is expected to continue as patients become more comfortable with virtual healthcare options.In addition, there is a growing trend towards specialization in outpatient care facilities. Many facilities are focusing on specific areas of healthcare, such as orthopedics or cardiology, to provide more specialized care to patients. This trend is likely to continue as patients seek out more specialized care options.

Local special circumstances: One unique aspect of the Outpatient Care market in Canada is the country's universal healthcare system. While this system provides access to healthcare for all Canadians, it also means that outpatient care facilities must navigate a complex regulatory environment. This can make it difficult for new facilities to enter the market and for existing facilities to expand.

Underlying macroeconomic factors: Overall, the Outpatient Care market in Canada is likely to continue to grow due to the aging population and increasing demand for convenient and cost-effective healthcare options. However, the market may face challenges due to the complex regulatory environment and the need for specialized expertise in certain areas of healthcare. As such, it will be important for outpatient care facilities to adapt to changing patient needs and invest in technology to remain competitive in the market.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.