Canada Inpatient Care Market Insights Forecasts to 2033

• The Canada Inpatient Care Market Size was valued at USD 35.5 Billion in 2023.
• The Market is growing at a CAGR of 3.79% from 2023 to 2033
• The Canada Inpatient Care Market Size is expected to reach USD 51.5 Billion by 2033

The Canada Inpatient Care Market is anticipated to exceed USD 51.5 Billion by 2033, growing at a CAGR of 3.79% from 2023 to 2033. The increasing prevalence of diagnosed chronic diseases, rising geriatric population, and increasing investment in new medical technologies are driving the growth of the inpatient care market in the Canada.     

Market Overview

Inpatient care is a vital part of the healthcare sector for giving patients complete, high-quality medical care. Numerous services are covered by this market, including medical treatments, surgical procedures, and diagnostics. Further, facilities, nursing care, and other services required for the patient's recuperation and general well-being throughout their hospital stay are also included.  Hospitals are refocusing on giving patients individualized, high-quality treatment, which frequently necessitates longer hospital stays and specialized inpatient care. Further, the upsurging nursing care which includes approaches to personalized care for providing greater safety, convenience, and comfort offers market growth opportunities.

Report Coverage

This research report categorizes the market for the Canada inpatient care market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada inpatient care market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada inpatient care market.

Driving Factors

The growing emphasis on patient-centric care is responsible for the market expansion. As the population ages and the risk factors for these diseases continue to increase, it is anticipated that one in three Canadians have at least one major chronic condition. The prevalence of diagnosed chronic diseases and the geriatric population are driving the market demand for inpatient care. The increasing investment in new medical technologies is driving the market growth. For instance, Virica Biotech is receiving a $1.5 million investment to support new advanced manufacturing that would help the company to scale to meet the increasing demand for its products. 

Restraining Factors

The limited insurance coverage for inpatient services is challenging the inpatient care market. The chance of spreading hospital-acquired infection and the shortage of skilled professionals for inpatient care may restrain the market growth.

Market Segmentation

The Canada Inpatient Care Market share is classified into treatment and ownership.

• The cardiovascular disorders segment dominated the market with the largest market share in 2023.

The Canada inpatient care market is segmented by treatment into cardiovascular disorders, cancer, musculoskeletal diseases, emergency & trauma, respiratory disorder, gastroenterology, CNS disorders, pregnancy & postpartum care, urology & nephrology disorders, and others. Among these, the cardiovascular disorders segment dominated the market with the largest market share in 2023. Inpatient care for cardiovascular disorders includes required surgery, drug therapy, and any other medical intervention for controlling their symptoms, stopping complications, and stopping the disease from getting worse. 

• The publicly/government-owned segment accounted for the largest market share during the forecast period.

Based on the ownership, the Canada inpatient care market is divided into publicly/government-owned, not-for-profit privately owned, and for-profit privately owned. Among these, the publicly/government-owned segment accounted for the largest market share during the forecast period. Publicly/government-owned healthcare finances are designed to meet the cost of all or most healthcare needs from publicly managed funds. The ease of access to medically necessary inpatient care in this segment is driving the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada inpatient care market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Medical Services International Inc.
• Mayo Clinic
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2022, Health IT vendor Allscripts sold hospital EHR business to Canada-based Harris Computer Corporation, a subsidiary of holding company Constellation Software, for up to $700 million.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Inpatient Care Market based on the below-mentioned segments:

Canada Inpatient Care Market, By Treatment

• Cardiovascular Disorders
• Cancer
• Musculoskeletal Diseases
• Emergency & Trauma
• Respiratory Disorder
• Gastroenterology
• CNS Disorders
• Pregnancy & Postpartum Care
• Urology & Nephrology Disorders
• Others

Canada Inpatient Care Market, By Ownership

• Publicly/Government-owned
• Not-for-profit Privately owned
• For-profit privately owned