$11.9bn
$X.Xbn
89,360
4,887
$X.Xbn
The Home Care Providers industry in Canada has grown, with a multitude of diverse companies offering services to growing healthcare markets. Operators cater largely to the elderly population, which is growing at a rate exceeding the national population growth rate, and to individuals suffering from chronic illnesses and disabilities. As operators have expanded their service offerings, they have become an attractive alternative to institutionalized healthcare settings, such as hospitals and rehabilitative centres, which are generally less personal and more expensive. Consequently, industry revenue is projected to have increased at a CAGR of 5.5% to reach $7.1 billion in 2023, when revenue is set to grow 2.6% with COVID-19 pandemic disruptions to industry operations having receded.
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated $11.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
ParaMed Home Health Care | 440.3 | 55.1 | 12.5 | |
Bayshore HealthCare | 333.1 | N/A | N/A | |
CBI Health Group | 297.7 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Traditional home healthcare and nursing care, Home hospice care and Home therapy services. Traditional home healthcare and nursing care is the largest segment of the Home Care Providers in Canada.
Traditional home healthcare and nursing care dominates
A home care provider is a professional or organization that offers various supportive services to individuals who need assistance with activities of daily living or medical care in their homes. These providers offer personalized care tailored to each client's specific needs and preferences, aiming to promote independence, improve quality of life and enhance overall well-being.
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NAICS 621610 - Home Care Providers in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Home care providers support Canada’s growing senior population. Older adults’ complex needs and preference to live independently are behind the rising spending on home care.
Learn about an industry's products and services, markets and trends in international trade.
Adults 75 and over are most dependent on home care providers. This age group is most prone to developing chronic health conditions or mobility issues that make help and suppo...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Ontario has the most home care agencies in Canada. Ontario’s large population lends itself to having the greatest share of agencies, but ongoing labour shortages still threat...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
A positive reputation is the most valuable competitive advantage. Families will only entrust the care of their loved ones to home care agencies with established histories of ...
Learn about the performance of the top companies in the industry.
No single home care provider controls the Canadian market. The nature of home care services limits any single company from holding a market share of 5.0% or more.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Canada Health Act doesn’t include home care providers. The extent of home care coverage is left up to individual provinces instead, creating vast differences in cost, acc...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Home care workers cite low pay, stress and uncertain working hours as reasons for leaving the industry. Labour shortages force home care agencies to offer higher wages and mo...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Home Care Providers industry in Canada is $11.9bn in 2024.
There are 4,887 businesses in the Home Care Providers industry in Canada, which has grown at a CAGR of 6.1 % between 2019 and 2024.
The market size of the Home Care Providers industry in Canada has been growing at a CAGR of 1.3 % between 2019 and 2024.
Over the next five years, the Home Care Providers industry in Canada is expected to grow.
The biggest companies operating in the Home Care Providers market in Canada are ParaMed Home Health Care, Bayshore HealthCare and CBI Health Group
Providing homemaker and companion services and Providing home hospice care are part of the Home Care Providers industry.
The company holding the most market share in Canada is ParaMed Home Health Care.
The level of competition is high and steady in the Home Care Providers industry in Canada.