Canada Long-Term Care Market Size & Outlook, 2026-2033
The long-term care market in Canada is expected to reach a projected revenue of US$ 49.6 billion by 2033. A compound annual growth rate of 5.4% is expected of Canada long-term care market from 2026 to 2033.
The Canada long-term care market generated a revenue of USD 32.6 billion in 2025 and is expected to reach USD 49.6 billion by 2033.
The Canada market is expected to grow at a CAGR of 5.4% from 2026 to 2033.
In terms of segment, public was the largest revenue generating payer in 2025.
Private is the most lucrative payer segment registering the fastest growth during the forecast period.
Long-term care market data book summary
Market revenue in 2025
USD 32.6 billion
Market revenue in 2033
USD 49.6 billion
Growth rate
5.4% (CAGR from 2026 to 2033)
Largest segment
Public
Fastest growing segment
Private
Historical data
2021 - 2024
Base year
2025
Forecast period
2026 - 2033
Quantitative units
Revenue in USD billion
Market segmentation
Public, Private, Out-of-Pocket
Key market players worldwide
Brookdale Senior Living Inc, Knight Therapeutics Inc, Life Healthcare Group Holdings Ltd, Sunrise Medical, Extendicare Inc, Sonida Senior Living Inc, Genesis Healthcare Inc Class A, Amedisys Inc, Home Instead, Diversicare Healthcare Services, Atria Senior Living
Other key industry trends
In terms of revenue, Canada accounted for 2.6% of the long-term care market in 2025.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
In North America, U.S. long-term care market is projected to lead the regional market in terms of revenue in 2033.
U.S. is the fastest growing regional market in North America and is projected to reach USD 951.5 billion by 2033.
Well-established healthcare infrastructure and increasing demand are major drivers for the market in Canada. According to Canadian Institute for Health Information, as of 2021, there are around 2,076 long-term care facilities in Canada with 198,220 beds for patients aged 65 years and above. Long-term care homes in Ontario provide support and care to more than 115,000 individuals and their families annually.
The majority of these individuals have chronic health conditions, compromising health & cognitive impairment and physical frailty. As per Government of Canada, around 76,000 new cases of dementia are reported in Canada annually and around 14.3 cases per 1000 individuals are of aged 65 years and above.
However, the country is facing a shortage of care providers due to the increasing number of individuals in need of help. In addition, the government has set the target of adding 286,648 upgraded and 31,705 new beds in Ontario province.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Long-Term Care Market Outlook will help companies and investors design strategic landscapes.
Public was the largest segment with a revenue share of 67.18% in 2025.
Horizon Databook has segmented the Canada long-term care market based on public, private, out-of-pocket covering the revenue growth of each sub-segment from 2021 to 2033.
Well-established healthcare infrastructure and increasing demand are major drivers for the market in Canada. According to Canadian Institute for Health Information, as of 2021, there are around 2,076 long-term care facilities in Canada with 198,220 beds for patients aged 65 years and above. Long-term care homes in Ontario provide support and care to more than 115,000 individuals and their families annually.
The majority of these individuals have chronic health conditions, compromising health & cognitive impairment and physical frailty. As per Government of Canada, around 76,000 new cases of dementia are reported in Canada annually and around 14.3 cases per 1000 individuals are of aged 65 years and above.
However, the country is facing a shortage of care providers due to the increasing number of individuals in need of help. In addition, the government has set the target of adding 286,648 upgraded and 31,705 new beds in Ontario province.
Canada Long-Term Care Market Payer Outlook (Revenue, USD Billion , 2021-2033)
Public
Private
Out-of-Pocket
Canada Long-Term Care Market Service Outlook (Revenue, USD Billion , 2021-2033)
Others Service
Home Healthcare
Assisted Living Facilities
Hospice
Nursing Care
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Long-Term Care Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Long-Term Care Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.