Canada Near Infrared Imaging Market Size & Outlook
Canada near infrared imaging market, 2018-2030 (US$M)
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Canada near infrared imaging market highlights
- The Canada near infrared imaging market generated a revenue of USD 108.0 million in 2023 and is expected to reach USD 143.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Near infrared imaging market data book summary
| Market revenue in 2023 | USD 108.0 million |
| Market revenue in 2030 | USD 143.7 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Reagents |
| Key market players worldwide | Stryker Corp, Olympus Corp, Hamamatsu Photonics KK, Shimadzu Corp, Medtronic PLC, Carl Zeiss Meditec AG |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global near infrared 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. near infrared 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 143.7 million by 2030.
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Near Infrared Imaging Market Scope
Near Infrared Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada near infrared 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 near infrared imaging market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 57.04% in 2023. Horizon Databook has segmented the Canada near infrared imaging market based on devices, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Canada’s near infrared imaging market can be attributed to factors such as increased funding, substantial investments in private & public sectors, and increased government spending on the healthcare sector. According to the OECD, in 2021, Canada spent 11.7% of its GDP on healthcare.
Major part of country’s healthcare is publicly funded, which has led to advancements in healthcare facilities. This is expected to propel market growth during the forecast period.
Moreover, rise in the prevalence of chronic disorders, such as cancer, cardiovascular diseases are expected to contribute to the markets growth. As per the International Agency for Research on Cancer, in 2020, about 274,364 cancer cases were diagnosed in the country.
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Target buyers of Canada near infrared imaging market databook
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Our clientele includes a mix of near infrared imaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada near infrared imaging market , including forecasts for subscribers. This country databook contains high-level insights into Canada near infrared imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada near infrared imaging market size, by product, 2018-2030 (US$M)
Canada Near Infrared Imaging Market Outlook Share, 2023 & 2030 (US$M)
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