The growth of the market is driven by the factors such as development in diagnostic imaging modalities and rising geriatric population coupled with increasing number of chronic diseases. However, the market is likely to get affected during the forecast period due to shortage of skilled professionals.
In 2015, the Canadian Agency for Drugs and Technologies in Health, following the Canadian Institute for Health Information’s (CIHI’s) data collection until 2012 collected information on 6 modalities using a Web-based survey and summarized the results of the second iteration of the CADTH Canadian Medical Imaging Inventory. The data led to subsequent findings in the trend of medical imaging tests performed in Canada. In 2017, a total of 5.61 million CT examinations were performed in the most recent fiscal year in Canada, up from 3.38 million in 2007. Moreover, the data also suggests that 1.86 million MRI examinations were performed in 2017 among 561 diagnostic centers in Canada, while PET-CT accounted for a total of 90,530 examinations in the year of 2017.
Additionally, the emergence of local players in the market is expected to offer significant growth opportunities during the coming years. The majority of medical devices used in the Canadian healthcare system are imported. However, medical device exports are witnessed on the rise in the recent years. Canada is home to a robust manufacturing industry with hubs in Ontario and Quebec. Diagnostic equipment is in greatest demand, as well as patient monitoring equipment, consumables, patient aids, orthopedics/prosthetics, and dental products. Since, the regulatory procedures are well-established in the country, manufacturers with FDA clearance in the US have an easier time transitioning into the Canadian market.
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CANADA CONTRAST MEDIA INJECTORS– MARKET SEGMENTATION
CANADA CONTRAST MEDIA INJECTORS – MARKET SEGMENTATION
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