Canada Teleradiology Market Size & Outlook, 2023-2030

The teleradiology market in Canada is expected to reach a projected revenue of US$ 4,723.8 million by 2030. A compound annual growth rate of 23.5% is expected of Canada teleradiology market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,075.0
Forecast, 2030 (US$M)
$4,723.8
CAGR, 2024 - 2030
23.5%
Report Coverage
Canada

Canada teleradiology market highlights

  • The Canada teleradiology market generated a revenue of USD 1,075.0 million in 2023 and is expected to reach USD 4,723.8 million by 2030.
  • The Canada market is expected to grow at a CAGR of 23.5% from 2024 to 2030.
  • In terms of segment, x-ray was the largest revenue generating product in 2023.
  • Computed Tomography is the most lucrative product segment registering the fastest growth during the forecast period.


Teleradiology market data book summary

Market revenue in 2023USD 1,075.0 million
Market revenue in 2030USD 4,723.8 million
Growth rate23.5% (CAGR from 2023 to 2030)
Largest segmentX-ray
Fastest growing segmentComputed Tomography
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationComputed Tomography, Ultrasound, X-ray, Nuclear Imaging, Magnetic Resonance Imaging
Key market players worldwidePediatrix Medical Group Inc, Agfa-Gevaert NV, Everlight Electronics, Evidian, Nano X Imaging Ltd Ordinary Shares, Koninklijke Philips NV, Matrix Pack


Other key industry trends

  • In terms of revenue, Canada accounted for 8.5% of the global teleradiology 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. teleradiology 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 17,813.4 million by 2030.

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Teleradiology Market Companies

Name Profile # Employees HQ Website

Canada teleradiology 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 teleradiology market will help companies and investors design strategic landscapes.


X-ray was the largest segment with a revenue share of 28.59% in 2023. Horizon Databook has segmented the Canada teleradiology market based on computed tomography, ultrasound, x-ray, nuclear imaging, magnetic resonance imaging covering the revenue growth of each sub-segment from 2018 to 2030.


According to Canadian Association of Radiologists, various initiatives undertaken by the American College of Radiology and the National Electrical Manufacturers Association resulted in the establishment of Digital Imaging Communication in Medicine, which is a standard for interconnection of digital medical imaging systems.

This is anticipated to further boost the market. Increased healthcare expenditure is one of the major factors driving the growth of teleradiology market in Canada. The health-conscious population tends to go for premedical checkups for early detection of diseases.

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Target buyers of Canada teleradiology market databook

  • Our clientele includes a mix of teleradiology market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 teleradiology market , including forecasts for subscribers. This country databook contains high-level insights into Canada teleradiology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada teleradiology market size, by product, 2018-2030 (US$M)

Canada Teleradiology Market Outlook Share, 2023 & 2030 (US$M)

Canada teleradiology market size, by product, 2018-2030 (US$M)

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