Canada Contrast Enhanced Ultrasound Market Size & Outlook
Canada contrast enhanced ultrasound market, 2018-2030 (US$M)
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Canada contrast enhanced ultrasound market highlights
- The Canada contrast enhanced ultrasound market generated a revenue of USD 105.7 million in 2023 and is expected to reach USD 142.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Contrast Agents is the most lucrative product segment registering the fastest growth during the forecast period.
Contrast enhanced ultrasound market data book summary
| Market revenue in 2023 | USD 105.7 million |
| Market revenue in 2030 | USD 142.2 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Contrast Agents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Contrast Agents |
| Key market players worldwide | Lantheus Holdings Inc, GE Aerospace, Bracco, Siemens Healthineers AG ADR, Koninklijke Philips NV, Canon Inc, Mindray Medical International |
Other key industry trends
- In terms of revenue, Canada accounted for 5.2% of the global contrast enhanced ultrasound market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. contrast enhanced ultrasound market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 888.8 million by 2030.
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Contrast Enhanced Ultrasound Market Scope
Contrast Enhanced Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada contrast enhanced ultrasound market outlook
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 contrast enhanced ultrasound market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 72.09% in 2023. Horizon Databook has segmented the Canada contrast enhanced ultrasound market based on equipment, contrast agents covering the revenue growth of each sub-segment from 2018 to 2030.
The growing use of contrast-enhanced ultrasound technology in cardiovascular and abdominal diseases is expected to boost the market demand in the country. Moreover, increasing public and private investments in development of advanced ultrasound technologies, training programs, and teleradiology services, among others are likely to aid in market growth.
For instance, in January 2020, the Canadian government announced to fund 14 new projects with a total investment of USD 25 million under its digital technology supercluster initiative. The development of an intelligent and integrated point-of-care ultrasound network was one of the 14 projects to receive funding through this initiative. The project aimed to develop bedside tools for doctors, handheld ultrasound technology, and cloud-based platforms, which can increase quality & quantity of ultrasound services in Canada.
Rising incidence of cardiovascular diseases and IBD is also expected to propel the demand for contrast-enhanced ultrasound in the country. For instance, the number of Canadian citizens living with IBD in 2018 was around 270,000, while according to the Public Health Agency of Canada's Canadian Chronic Disease Surveillance System (CCDSS), approximately one out of 12 Canadian adults lives with a diagnosed heart disease.
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Our clientele includes a mix of contrast enhanced ultrasound market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada contrast enhanced ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into Canada contrast enhanced ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada contrast enhanced ultrasound market size, by product, 2018-2030 (US$M)
Canada Contrast Enhanced Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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