Canada Image-guided Therapy Systems Market Size & Outlook
Canada image-guided therapy systems market, 2018-2030 (US$M)
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Canada image-guided therapy systems market highlights
- The Canada image-guided therapy systems market generated a revenue of USD 257.8 million in 2023 and is expected to reach USD 392.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, endoscopes was the largest revenue generating product in 2023.
- Endoscopes is the most lucrative product segment registering the fastest growth during the forecast period.
Image-guided therapy systems market data book summary
| Market revenue in 2023 | USD 257.8 million |
| Market revenue in 2030 | USD 392.6 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Endoscopes |
| Fastest growing segment | Endoscopes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Computed Tomography (CT) Scanners, Ultrasound Systems, Magnetic Resonance Imaging (MRI), Endoscopes, X-ray Fluoroscopy, Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT) |
| Key market players worldwide | Koninklijke Philips NV, Medtronic PLC, Siemens Healthineers AG ADR, Analogic Corporation, GE HealthCare Technologies Inc Common Stock, BrainLAB, Olympus Corp, Stryker Corp, Varian |
Other key industry trends
- In terms of revenue, Canada accounted for 5.3% of the global image-guided therapy systems 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. image-guided therapy systems market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 392.6 million by 2030.
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Image-guided Therapy Systems Market Scope
Image-guided Therapy Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada image-guided therapy systems 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 image-guided therapy systems market will help companies and investors design strategic landscapes.
Endoscopes was the largest segment with a revenue share of 34.06% in 2023. Horizon Databook has segmented the Canada image-guided therapy systems market based on computed tomography (ct) scanners, ultrasound systems, magnetic resonance imaging (mri), endoscopes, x-ray fluoroscopy, positron emission tomography (pet), single photon emission computed tomography (spect) covering the revenue growth of each sub-segment from 2018 to 2030.
Aaccording to an article published in The Globe and Mail, nearly 20% of the Canadian population is anticipated to be above 65 years by 2026. The rise in elderly population is anticipated to favor market growth. Supportive government initiatives in the country are anticipated to facilitate market growth.
For instance, in 2019, the Minister of Innovation, Science and Economic Development, declared a federal investment of nearly USD 49 million to support the launch of Industry Consortium for Image-Guided Therapy (ICIGT) at Sunnybrook Research Institute, encouraging research activities in this field.
In 2019, Health Canada approved MR-Linac, a device that is a combination of MRI scanner and radiation machine, enabling realtime visualization of tumors during the delivery of radiation beam.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada image-guided therapy systems market , including forecasts for subscribers. This country databook contains high-level insights into Canada image-guided therapy systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada image-guided therapy systems market size, by product, 2018-2030 (US$M)
Canada Image-guided Therapy Systems Market Outlook Share, 2023 & 2030 (US$M)
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