Canada Medical Imaging Market Size & Outlook, 2023-2030
Canada medical imaging market, 2018-2030 (US$M)
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Canada medical imaging market highlights
- The Canada medical imaging market generated a revenue of USD 3,534.3 million in 2023 and is expected to reach USD 4,919.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, magnetic resonance imaging was the largest revenue generating technology in 2023.
- Computed Tomography is the most lucrative technology segment registering the fastest growth during the forecast period.
Medical imaging market data book summary
| Market revenue in 2023 | USD 3,534.3 million |
| Market revenue in 2030 | USD 4,919.1 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Magnetic resonance imaging |
| Fastest growing segment | Computed Tomography |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | X-ray, Magnetic Resonance Imaging, Ultrasound, Computed Tomography, Nuclear Imaging |
| Key market players worldwide | GE Aerospace, Koninklijke Philips NV, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, FUJIFILM Holdings Corp, Carestream Health - HCIS business, Hitachi Ltd, Samsung Electronics Co Ltd, Koning, PerkinElmer, Konica Minolta Inc, Esaote, Hologic Inc, Varex Imaging Corp |
Other key industry trends
- In terms of revenue, Canada accounted for 8.9% of the global medical imaging 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. medical imaging 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 4,919.1 million by 2030.
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Medical Imaging Market Scope
Medical Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada medical imaging 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 medical imaging market will help companies and investors design strategic landscapes.
Magnetic resonance imaging was the largest segment with a revenue share of 57.88% in 2023. Horizon Databook has segmented the Canada medical imaging market based on x-ray, magnetic resonance imaging, ultrasound, computed tomography, nuclear imaging covering the revenue growth of each sub-segment from 2018 to 2030.
Organizations such as Canada Health Infoway, in association with Accreditation Canada, a federally funded organization with dedicated standards to improve the Canadian healthcare system, are taking steps to accelerate the development, adaptation, and efficient use of digital health in the country.
The key program initiated by this agency covers EHR registries, imaging systems, energy-based devices, infrastructure laboratory systems, interoperable EHRs, telehealth, and innovation in eHealth.
The large geriatric population, increase in lifestyle-induced diseases, and increase in the awareness about early diagnosis of chronic diseases have increased the demand for medical imaging devices. According to the Canadian Institute for Health Information (CIHI), medical imaging is one of the essential parts of medical care and treatment in Canada.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medical imaging market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical imaging market size, by technology, 2018-2030 (US$M)
Canada Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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