Canada Contrast Media Market Size & Outlook, 2023-2030
Canada contrast media market, 2018-2030 (US$M)
Related Markets
Canada contrast media market highlights
- The Canada contrast media market generated a revenue of USD 78.9 million in 2023 and is expected to reach USD 119.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, x-ray/computed tomography was the largest revenue generating modality in 2023.
- Ultrasound is the most lucrative modality segment registering the fastest growth during the forecast period.
Contrast media market data book summary
| Market revenue in 2023 | USD 78.9 million |
| Market revenue in 2030 | USD 119.5 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | X-ray/computed tomography |
| Fastest growing segment | Ultrasound |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ultrasound, Magnetic Resonance Imaging, X-ray/Computed Tomography |
| Key market players worldwide | Bayer AG, GE Aerospace, Guerbet, Bracco, Lantheus Holdings Inc, Imax Corp, Nano Therapeutics, Trivitron Healthcare |
Other key industry trends
- In terms of revenue, Canada accounted for 1.3% of the global contrast media 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 media 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 3,666.0 million by 2030.
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Contrast Media Market Scope
Contrast Media Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada contrast media 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 media market will help companies and investors design strategic landscapes.
X-ray/computed tomography was the largest segment with a revenue share of 64.39% in 2023. Horizon Databook has segmented the Canada contrast media market based on ultrasound, magnetic resonance imaging, x-ray/computed tomography covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, the government is striving to reduce costs associated with medical imaging tests as they form a costly component of the healthcare system. This, coupled with appropriate process, has led to a downward pressure on procedure volumes, causing healthcare professionals to think twice before ordering tests as it has been observed that some of the tests are unnecessary & detrimental to the wellbeing of patients and the healthcare system.
Eight Canadian Medical Societies have prepared a list of diagnostic tests that should not be performed unless patients show symptoms that are considered a red flag. Unnecessary medical imaging tests increase the risk of cancer and nephrogenic systemic fibrosis due to radiation exposure.
A safety review was conducted by Health Canada for GBCA due to growing evidence of gadolinium deposition in the brain, following which manufacturers have added the necessary contraindications to labels.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada contrast media market , including forecasts for subscribers. This country databook contains high-level insights into Canada contrast media market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada contrast media market size, by modality, 2018-2030 (US$M)
Canada Contrast Media Market Outlook Share, 2023 & 2030 (US$M)
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