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Canada Diagnostic Imaging Equipment Market- Growth, Trends, and Forecast (2020 - 2025)

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  • 75 Pages
  • March 2020
  • Region: Canada
  • Mordor Intelligence
  • ID: 4997212
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.

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.

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.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in the Prevalence of Chronic Diseases
4.2.2 Increasing Geriatric population
4.2.3 Increased Adoption of Advanced Technologies in Medical Imaging
4.3 Market Restraints
4.3.1 Expensive Procedures and Equipment
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 By Modality
5.1.1 MRI
5.1.2 Computed Tomography
5.1.3 Ultrasound
5.1.4 X-Ray
5.1.5 Nuclear Imaging
5.1.6 Fluoroscopy
5.1.7 Mamography
5.2 By Application
5.2.1 Cardiology
5.2.2 Oncology
5.2.3 Neurology
5.2.4 Orthopedics
5.2.5 Other Applications
5.3 By End-user
5.3.1 Hospital
5.3.2 Diagnostic Centers
5.3.3 Others
6.1 Company Profiles
6.1.1 Canon Inc.
6.1.2 Carestream Health Inc.
6.1.3 Esaote SpA
6.1.4 FUJIFILM Holdings Corporation
6.1.5 GE Healthcare
6.1.6 Koninklijke Philips N.V.,
6.1.7 Siemens AG
6.1.8 Hitachi Ltd

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Canon Inc.
  • Carestream Health Inc.
  • Esaote SpA
  • FUJIFILM Holdings Corporation
  • GE Healthcare
  • Koninklijke Philips N.V.,
  • Siemens AG
  • Hitachi Ltd