Canada Nuclear Imaging Market Size and Share

Canada Nuclear Imaging Market (2025 - 2030)
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Canada Nuclear Imaging Market Analysis by Mordor Intelligence

The Canada nuclear imaging market size is valued at USD 260.58 billion in 2025 and is expected to reach USD 367.57 billion by 2030, advancing at a 7.12% CAGR over the forecast period. Federal funding for domestic molybdenum-99, the expansion of provincial cyclotron networks, and increasing adoption of hybrid PET/CT and SPECT/CT scanners underpin this steady growth. Equipment modernization cycles are shortening as hospitals retire aging gamma cameras in favor of faster, lower-dose platforms, while CADTH’s fast-track approval pathway accelerates market entry for novel radiotracers. Market participants also benefit from the government’s focus on reducing imaging wait times, especially for cardiovascular and oncology indications, creating consistent demand across public and private centers. Strategic acquisitions—most recently BWXT’s purchase of Kinectrics and Telix’s acquisition of ARTMS—signal investor confidence in Canada’s isotope ecosystem. Nevertheless, geographic service gaps in the North and persistent technologist shortages temper near-term capacity expansion.

Key Report Takeaways

  • By product category, equipment held 54.67% of the Canada nuclear imaging market share in 2024, radioisotopes are projected to expand at a 7.34% CAGR through 2030.
  • By application, cardiology represented 38.89% of revenue in 2024; neurology applications are forecast to grow at 7.89% CAGR to 2030.
  • By end user, hospitals commanded 69.67% of the Canada nuclear imaging market size in 2024, while diagnostic imaging centers are set to advance at an 8.01% CAGR between 2025-2030.

Segment Analysis

By Product: Infrastructure Modernization Drives Equipment Leadership

Equipment retained 54.67% of the Canada nuclear imaging market share in 2024, supported by provincial capital budgets earmarked for hybrid scanner refresh cycles. Average PET/CT age fell to 7.2 years as Ontario and Quebec replaced legacy gamma cameras with compact SPECT/CT systems such as the Symbia Evo Excel, which offers a 30% larger bore and improved patient comfort. Hospitals increasingly adopt vendor service contracts that guarantee 98% uptime, shifting purchasing criteria toward lifecycle cost over sticker price. Meanwhile, radioisotopes climbed at a 7.34% CAGR thanks to increased theranostic use and native isotope output, positioning Canada as a net exporter of Lu-177 by 2028. Health Canada’s device licensing ensures scanners comply with radiation standards, allowing rapid introduction of AI-ready consoles.

Continued clinical validation of quantitative SPECT drives incremental upgrades across cardiac centers, while oncology departments prioritize digital PET for low-dose protocols. Emerging portable gamma cameras target rural emergency departments that cannot justify full-size scanners, creating a long-tail opportunity for niche vendors. Domestic Mo-99 production enhances procurement resilience, shielding sites from historical reactor outages. Collectively, the equipment and isotope streams solidify the revenue foundation for the Canada nuclear imaging market.

Canada Nuclear Imaging Market: Market Share by Product
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By Application: Cardiology Dominance Amid Neurology Acceleration

Cardiology accounted for 38.89% of revenue in 2024, reflecting mature reimbursement pathways and well-established referral patterns for myocardial perfusion imaging using technetium-99m sestamibi. National benchmarks target a 24-hour turnaround for emergent scans, but regional bottlenecks persist in Saskatchewan and Atlantic Canada. Neurology posted the fastest CAGR at 7.89%, driven by PET tracers that bind tau and beta-amyloid, alongside Health Canada’s approval of Alzheimer’s-focused agents such as MK-6240 following Lantheus’s acquisition of Cerveau Technologies. Oncology maintains strong momentum as radioligand therapies require pre- and post-treatment imaging, boosting PET volumes for prostate and neuroendocrine cancer.

Growth in endocrine and adrenal imaging comes from University of Calgary research that links nuclear imaging to rare adrenal disorders. AI-assisted reading reduces report time by 40% for lymphoma staging, freeing radiologists to focus on complex cases. CADTH’s horizon scanning flags emerging applications, guiding provinces in expanding coverage to neuropsychiatric disorders by 2027.

By End User: Hospitals Anchor Volumes While Out-of-Hospital Sites Scale Fast

Hospitals controlled 69.67% of the Canada nuclear imaging market size in 2024, underpinned by radiopharmacy suites, strict Canadian Nuclear Safety Commission licensing, and higher procedure complexity. Teaching hospitals often integrate research cyclotrons, making them self-sufficient for PET tracers. Diagnostic imaging centers are projected to grow at 8.01% CAGR as provinces outsource routine bone scans and thyroid studies to relieve hospital backlogs. Saskatchewan pilots require private centers to meet public scan quotas, illustrating policy leverage to expand capacity without compromising equity.

Academic institutes like TRIUMF partner with vendors to co-develop next-generation isotopes, generating revenue via intellectual property agreements. Staff shortages constrain throughput across all end users, prompting greater reliance on remote radiology reads. Instruments older than ten years experience a 15% failure rate, accelerating replacements. As AI reduces repeat scans and enhances scheduling, outpatient centers may gain share, yet hospitals will remain the primary hub for complex hybrid imaging and radionuclide therapy.

Canada Nuclear Imaging Market: Market Share by End User
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Geography Analysis

Ontario leads installation counts with 157 MRI units and the PET Scans Ontario registry coordinating OHIP-funded services. Despite scale, PET utilization sits at only 1,600 exams per million residents versus the national 3,300, indicating untapped volume growth. Quebec prohibits private MRI funding, centralizing nuclear imaging in university hospitals; its 123 MRI units deliver high absolute capacity yet leave rural Abitibi-Témiscamingue underserved. British Columbia positions itself as a Western Canada isotope hub with the CAD 50.5 million BC Cancer cyclotron complex and TRIUMF’s expanded research lines.

The Prairies rely on Jubilant’s Winnipeg and Edmonton radiopharmacies for PET-FDG supply, but long drives and winter weather cause occasional dose losses. Atlantic provinces import tracers from Quebec, and single-scanner facilities in New Brunswick and Nova Scotia lead to periodic scheduling disruptions. The Northern territories face the most severe gaps; over 84% of indigenous communities reside beyond a one-hour drive from radiotherapy centers, highlighting the need for mobile gamma camera fleets. Federal programs like NIICO aim to double isotope production and alleviate regional supply shocks, yet workforce pipelines must also expand to ensure service uptake. Cross-border referral to U.S. centers in Minnesota and North Dakota persists for advanced therapies, but domestic capacity is likely to displace outbound flow as cyclotrons multiply.

Competitive Landscape

The market shows moderate concentration. GE HealthCare, Siemens Healthineers, Philips, and Canon supply the majority of scanners, while domestic players dominate isotopes and services. GE HealthCare’s USD 183 million buyout of Nihon Medi-Physics enhances its radiopharma footprint, and its pending MIM Software acquisition integrates AI analytics into installed bases. Siemens Healthineers recorded EUR 22.36 billion in fiscal 2024 revenue, driven by strong imaging demand and new SPECT/CT launches.

Jubilant Radiopharma’s 50 nuclear pharmacies secure last-mile distribution, while Advanced Cyclotron Systems and Nordion supply turnkey accelerators and cobalt-60 sources. BWXT’s USD 525 million purchase of Kinectrics doubles its commercial workforce and deepens expertise in CANDU reactor services, aligning isotope production with national energy infrastructure. Start-ups focusing on AI triage and micro-dose PET tracers attract venture funding, yet regulatory hurdles remain high. Competitive differentiation now hinges on theranostic readiness, AI workflow efficiency, and service uptime guarantees.

Canada Nuclear Imaging Industry Leaders

  1. Bracco Imaging Spa

  2. GE Healthcare

  3. Koninklijke Philips N.V.

  4. Siemens AG

  5. Canon Medical Systems

  6. *Disclaimer: Major Players sorted in no particular order
Canada Nuclear Imaging Market Concentration
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Recent Industry Developments

  • July 2025: Ontario launched the Nuclear Isotope Innovation Council of Ontario, targeting doubled isotope output by 2030
  • May 2025: Darlington cleared to produce Lu-177 and Y-90 isotopes, expanding therapeutic capacity

Table of Contents for Canada Nuclear Imaging Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Shift to hybrid PET/CT & SPECT/CT scanners
    • 4.2.2 Rising prevalence of CVD & oncology cases
    • 4.2.3 Canada’s CADTH fast-track approvals for novel radiotracers
    • 4.2.4 Growing public–private cyclotron capacity build-out
    • 4.2.5 AI-driven dose-reduction & workflow software adoption
    • 4.2.6 Federal funding for domestic Mo-99 production (under-reported)
  • 4.3 Market Restraints
    • 4.3.1 Short half-life isotope logistics in remote provinces
    • 4.3.2 Capital-intensive replacement cycle of legacy gamma cameras
    • 4.3.3 Limited reimbursement for theranostic procedures
    • 4.3.4 Skilled-labour shortages in nuclear-medicine technologists (under-reported)
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter’s Five Forces
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Industry Rivalry

5. Market Size & Growth Forecasts (Value, USD Million)

  • 5.1 By Product
    • 5.1.1 Equipment
    • 5.1.2 Radioisotope
    • 5.1.2.1 SPECT Radioisotopes
    • 5.1.2.1.1 Technetium-99m (TC-99m)
    • 5.1.2.1.2 Thallium-201 (TI-201)
    • 5.1.2.1.3 Gallium (Ga-67)
    • 5.1.2.1.4 Iodine (I-123)
    • 5.1.2.1.5 Other SPECT Radioisotopes
    • 5.1.2.2 PET Radioisotopes
    • 5.1.2.2.1 Fluorine-18 (F-18)
    • 5.1.2.2.2 Rubidium-82 (RB-82)
    • 5.1.2.2.3 Other PET Radioisotopes
  • 5.2 By Application
    • 5.2.1 Cardiology
    • 5.2.2 Neurology
    • 5.2.3 Thyroid
    • 5.2.4 Oncology
    • 5.2.5 Other Applications
  • 5.3 By End User (Value)
    • 5.3.1 Hospitals
    • 5.3.2 Diagnostic Imaging Centres
    • 5.3.3 Academic & Research Institutes

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.3.1 GE HealthCare
    • 6.3.2 Siemens Healthineers
    • 6.3.3 Philips Healthcare
    • 6.3.4 Canon Medical Systems Corp.
    • 6.3.5 Bracco Imaging S.p.A.
    • 6.3.6 Jubilant Radiopharma
    • 6.3.7 Curium Pharma
    • 6.3.8 Cardinal Health, Inc.
    • 6.3.9 Isologic Innovative Radiopharmaceuticals
    • 6.3.10 Advanced Cyclotron Systems Inc.
    • 6.3.11 Nordion (Canada) Inc.
    • 6.3.12 Spectrum Dynamics Medical
    • 6.3.13 Mediso Ltd.
    • 6.3.14 United Imaging Healthcare Co., Ltd.

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-Need Assessment
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Canada Nuclear Imaging Market Report Scope

Nuclear medicine imaging procedures are non-invasive, with the exception of intravenous injections, and are usually painless medical tests that help physicians diagnose and evaluate medical conditions. These imaging scans use radioactive materials called radiopharmaceuticals or radiotracers. These radiopharmaceuticals are used in diagnosis and therapeutics. They are small substances that contain a radioactive substance used in the treatment of cancer and cardiac and neurological disorders.

Canada's nuclear imaging market is segmented by product and application. based on product the market is segmented as equipment and diagnostic radioisotope. Based on application the market is segmented as an application SPECT application and PET application. The report offers the value (in USD) for the above segments.

By Product
Equipment
Radioisotope SPECT Radioisotopes Technetium-99m (TC-99m)
Thallium-201 (TI-201)
Gallium (Ga-67)
Iodine (I-123)
Other SPECT Radioisotopes
PET Radioisotopes Fluorine-18 (F-18)
Rubidium-82 (RB-82)
Other PET Radioisotopes
By Application
Cardiology
Neurology
Thyroid
Oncology
Other Applications
By End User (Value)
Hospitals
Diagnostic Imaging Centres
Academic & Research Institutes
By Product Equipment
Radioisotope SPECT Radioisotopes Technetium-99m (TC-99m)
Thallium-201 (TI-201)
Gallium (Ga-67)
Iodine (I-123)
Other SPECT Radioisotopes
PET Radioisotopes Fluorine-18 (F-18)
Rubidium-82 (RB-82)
Other PET Radioisotopes
By Application Cardiology
Neurology
Thyroid
Oncology
Other Applications
By End User (Value) Hospitals
Diagnostic Imaging Centres
Academic & Research Institutes
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Key Questions Answered in the Report

What is the current value of the Canada nuclear imaging market?

The market is valued at USD 260.58 billion in 2025 and is projected to reach USD 367.57 billion by 2030.

Which product segment leads revenue?

Equipment accounts for 54.67% of revenue, reflecting ongoing scanner modernization across provinces.

Which application area is growing the fastest?

Neurology imaging shows the highest CAGR at 7.89% through 2030 due to expanded Alzheimer’s and tau tracer use.

How are workforce shortages being addressed?

Ottawa allocated USD 14.3 million to credential internationally trained professionals, and AI workflow tools reduce technologist workload.

Why is domestic isotope production important?

Local Mo-99 and Lu-177 output reduces dependence on foreign reactors and secures supply for both diagnostics and therapeutic radiopharmaceuticals.

Which provinces are investing most heavily in new cyclotrons?

Ontario and British Columbia lead investments, with projects at Darlington and BC Cancer receiving significant provincial and federal funding.

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