Canada Diagnostic Imaging Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Canada Diagnostic Imaging Equipment Market is Segmented by Modality, Application and End-user

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 7.18 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Canada Diagnostic Imaging Equipment Market will show a rapid growth due to the rise in the prevalence of chronic diseases, increasing geriatric population and the increased adoption of advanced technologies in medical imaging.

In Canada, majority of the elderly population is utilizing diagnostic imaging techniques, as compared to the younger people. The Statistic Canada has stated that by 2036 almost 23% to 25% of the total Canadian population is expected to include geriatric population. Furthermore, by 2061, the estimated value is projected to be 24% to 28%. Therefore, with the rising geriatric population, the country is witnessing a significant increase in the number of patients suffering from chronic diseases. Hence, with the growing geriatric population the demand for diagnostic imaging equipment is expected to increase.

Scope of the report

As per the scope of the report, the diagnostic imaging market covers a wide array of medical devices used for diagnostic purposes. It has a vast range of applications in a variety of oncological, orthopedic, gastro- and gynecological fields. 

By Modality
MRI
Computed Tomography
Ultrasound
X-Ray
Nuclear Imaging
Fluoroscopy
Mamography
By Application
Cardiology
Oncology
Neurology
Orthopedics
Other Applications
By End-user
Hospital
Diagnostic Centers
Others

Report scope can be customized per your requirements. Click here.

Key Market Trends

MRI is Expected to be Largest Growing Segment in the Canada Diagnostic Imaging Equipment Market

MRI systems are able to diagnose almost all the organs in the body, primarily head and neck, spine, and coronary arteries. Data published by the Canadian government in year 2018 has indicated that around 8% of the adults in Canada are suffering from cancer and 25% are suffering from hypertension. Moreover, a large number of people are suffering from multiple sclerosis, stroke, dementia, infection, etc. this is expected too augment the demand for MRI systems in the country.

Hence, there is a great opportunity for the medical device companies, to establish their facilities in Canada. The market is witnessing an increase in the demand for medical devices due to the rising prevalence of chronic diseases.

Picture2.png

Competitive Landscape

The market studied is consolidated owing to the presence of a few major players in the market. The market players are focusing on R&D to develop the technologically advanced products in order to reduce the cost and side effects associated with the products. The barriers for the new entrants are high in this industry, and hence few major market players hold the maximum market share.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rise in the Prevalence of Chronic Diseases

      2. 4.2.2 Increasing Geriatric population

      3. 4.2.3 Increased Adoption of Advanced Technologies in Medical Imaging

    3. 4.3 Market Restraints

      1. 4.3.1 Expensive Procedures and Equipment

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Modality

      1. 5.1.1 MRI

      2. 5.1.2 Computed Tomography

      3. 5.1.3 Ultrasound

      4. 5.1.4 X-Ray

      5. 5.1.5 Nuclear Imaging

      6. 5.1.6 Fluoroscopy

      7. 5.1.7 Mamography

    2. 5.2 By Application

      1. 5.2.1 Cardiology

      2. 5.2.2 Oncology

      3. 5.2.3 Neurology

      4. 5.2.4 Orthopedics

      5. 5.2.5 Other Applications

    3. 5.3 By End-user

      1. 5.3.1 Hospital

      2. 5.3.2 Diagnostic Centers

      3. 5.3.3 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Canon Inc.

      2. 6.1.2 Carestream Health Inc.

      3. 6.1.3 Esaote SpA

      4. 6.1.4 FUJIFILM Holdings Corporation

      5. 6.1.5 GE Healthcare

      6. 6.1.6 Koninklijke Philips N.V.,

      7. 6.1.7 Siemens AG

      8. 6.1.8 Hitachi Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Canada Diagnostic Imaging Equipment Market market is studied from 2018 - 2026.

The Canada Diagnostic Imaging Equipment Market is growing at a CAGR of 7.18% over the next 5 years.

Canon Medical Systems Corporation, Carestream Health Inc., Esaote SpA, FUJIFILM Holdings Corporation, GE Healthcare are the major companies operating in Canada Diagnostic Imaging Equipment Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!