Canada Optical Imaging Systems Market Size & Outlook
Canada optical imaging systems market, 2018-2030 (US$M)
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Canada optical imaging systems market highlights
- The Canada optical imaging systems market generated a revenue of USD 292.6 million in 2023 and is expected to reach USD 626.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.5% from 2024 to 2030.
- In terms of segment, optical coherence tomography was the largest revenue generating technology in 2023.
- Photoacoustic Tomography is the most lucrative technology segment registering the fastest growth during the forecast period.
Optical imaging systems market data book summary
| Market revenue in 2023 | USD 292.6 million |
| Market revenue in 2030 | USD 626.6 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Optical coherence tomography |
| Fastest growing segment | Photoacoustic Tomography |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photoacoustic Tomography, Optical Coherence Tomography, Hyperspectral Imaging, Near-Infrared Spectroscopy |
| Key market players worldwide | Abbott Laboratories, PerkinElmer, Carl Zeiss Meditec AG, Koninklijke Philips NV, Topcon Corp, Canon Inc, Danaher Corp, Optovue, Arsenal Capital Partners, Heidelberger Druckmaschinen AG |
Other key industry trends
- In terms of revenue, Canada accounted for 13.3% of the global optical imaging 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. optical imaging 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 626.6 million by 2030.
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Optical Imaging Systems Market Scope
Optical Imaging Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada optical imaging 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 optical imaging systems market will help companies and investors design strategic landscapes.
Optical coherence tomography was the largest segment with a revenue share of 62.27% in 2023. Horizon Databook has segmented the Canada optical imaging systems market based on photoacoustic tomography, optical coherence tomography, hyperspectral imaging, near-infrared spectroscopy covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is anticipated to witness a lucrative growth due to the presence of public health agencies and extensive research activities. For instance, Canadian Institute of Health Research (CIHR) along with Natural Science and Engineering Research Council of Canada (NSERC) provided funding of around USD 5.5 million for innovative research projects pertaining to radiopharmaceuticals for optical imaging.
However, stringent regulatory approval processes for the launch of a new product are the primary restraint for the market. Canada exclusively depends on imports to fulfill its need for imaging devices. The U.S., Mexico, Germany, and China are the leading nations catering to the imaging devices market in Canada.
Therefore, the service provided to the customer is inclusive of the import tax, which increases cost of the service. Owing to the aforementioned scenario, Canada is anticipated to experience considerable growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada optical imaging systems market , including forecasts for subscribers. This country databook contains high-level insights into Canada optical imaging systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada optical imaging systems market size, by technology, 2018-2030 (US$M)
Canada Optical Imaging Systems Market Outlook Share, 2023 & 2030 (US$M)
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