The Canada contrast media injectors market is expected to reach US$ 99.0 Mn in 2027 from US$ 54.4 Mn in 2018. The market is estimated to grow with a CAGR of 7.0% from 2019-2027.
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.
The Canada contrast media injectors market is segmented based on product and application. Among the product segment, the consumables segment is expected to grow at a significant rate of 7.4% during the forecast period. In addition, the segment is also anticipated to dominate the market by products during the year 2027, with a market share of around 64.8%
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 54.4 Million |
| Market Size by 2027 | US$ 99.0 Million |
| CAGR (2019 - 2027) | 7.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Canada
|
| Market leaders and key company profiles |
|
The Canada Contrast Media Injectors Market is valued at US$ 54.4 Million in 2018, it is projected to reach US$ 99.0 Million by 2027.
As per our report Canada Contrast Media Injectors Market, the market size is valued at US$ 54.4 Million in 2018, projecting it to reach US$ 99.0 Million by 2027. This translates to a CAGR of approximately 7.0% during the forecast period.
The Canada Contrast Media Injectors Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Canada Contrast Media Injectors Market report:
The Canada Contrast Media Injectors Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Canada Contrast Media Injectors Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Canada Contrast Media Injectors Market value chain can benefit from the information contained in a comprehensive market report.
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