Canada Diagnostics Imaging Services Market Market Report 2023 to 2030

Canada Diagnostics Imaging Services Market Analysis

$ 3999

Canada Dagnostics Imaging Services Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2030. The market for Diagnosis Imaging Services is expanding as a result of rising chronic diseases and healthcare insurance for imaging services, growing geriatric population, and increasing awareness about different imaging procedures. This demand is fueling the development of better diagnostic imaging services. Some of the key players in the global Diagnostics Imaging Services Market include InHealth Group, Sonic Healthcare, MedQuest Associates, Inc., Siemens Healthineers, Hitachi Ltd., Mindray, Koninklijike Philips N.V., GE Healthcare, and Hologic, Inc.

ID: IN10CAHS044 CATEGORY: Healthcare Services GEOGRAPHY: Canada AUTHOR: Aneri Parekh

Buy Now

Canada Diagnostics Imaging Services Market Executive Summary

Canada Diagnostics Imaging Services Market is valued at around $43.83 Bn in 2022 and is projected to reach $65.25 Bn by 2030, exhibiting a CAGR of 5.1% during the forecast period 2023-2030.

The Diagnostics Imaging Services Market refers to the market for tools and technologies used for diagnostic purposes for different health conditions, to find out the cause of any illness or injury. The market includes software and platforms that are used to monitor and diagnose a medical condition.

The different kinds of diagnostic services include MRI scans, CT scans, X-rays, ultrasound, and nuclear imaging. For cancer, digital mammography and diagnostic radiology are used.

The speedy growth of Diagnostics Imaging Services is due to the integration of advanced technology with medical imaging which is contributing to increased efficiency of diagnosis. These technologies make use of AI (Artificial Intelligence) for quicker and more accurate insights into diagnosis.

The increase in demand for early and accurate diagnosis and advancement in diagnostic technologies, such as the creation of more precise imaging methodologies, are also driving the market. There is a demand from teaching hospitals and institutions for state-of-the-art imaging modalities to provide training for advanced technology is also expected to contribute to the growth of the Diagnostic Imaging Services Market.

Imaging firms like InHealth Group, Sonic Healthcare, MedQuest Associates, Inc., Siemens Healthineers, Hitachi Ltd., Mindray, Koninklijke Philips N.V., GE Healthcare, and Hologic, Inc., are some of the major players in the Diagnostics Imaging Services Market.

The ageing global population and rising knowledge of diagnostic services are projected to fuel the market for diagnostics in the years to come. The market may yet have difficulties with regard to the high cost of diagnostic imaging equipment that could limit the growth of the Diagnostics Imaging Services market.

Market Dynamics

Drivers of Canada Diagnostics Imaging Services Market:

Growing Geriatric Population: As the world's population ages, the need for Diagnostic Imaging Services increases due to subsequent increases in age-related disorders.

High Prevalence of Chronic Diseases: The market for Diagnostics Imaging Services is expanding as a result of the rising prevalence of chronic diseases, especially due to the rise in neurological disorders. This will lead to a demand for better diagnostic tools and methods for early detection and accurate diagnosis.

Availability of Reimbursement for Diagnostic Imaging Services: Diagnostic services play a key role in the detection/ treatment of an illness and injury. The government provides a substantial budget for reimbursement of these services which will give rise to the consumption of Diagnostic Imaging Services.

Growing Research & Development Funding: Private and public players provide funding for research & development for Diagnostics Imaging Services which is boosting market growth.

High Demand for Diagnostic Imaging Services by End-user: The leading end-user of diagnostic services are hospitals with a provision for a wider range of diagnostic services. As the hospital caters to a large inflow of patients needing diagnostic services, the Diagnostic Imaging Services Market will grow significantly.

Restraints of Canada Diagnostics Imaging Services Market:

High Cost of Diagnostic Imaging Equipment: Diagnostics imaging systems are expensive requiring high investments for installation. Healthcare facilities proving diagnostics services depend on third-party payers for reimbursement and continuous cuts in reimbursements hamper the growth of the Diagnostics Imaging Services Market.

Notable Deals in Diagnostics Imaging Services Market:

In 2022, Radnet, Inc., a radiology firm, acquired Quantib and Aidence, with an aim to expand its cancer screening portfolio for breast, prostate, and lung cancers through the integration of AI technology.

In 2022, Mission Radiology India (MRI) was introduced to offer edge-cutting diagnostic imaging services at reduced costs. MRI central command will be built in Delhi and an ancillary unit will be built in Patna.

In 2022, Canon Medical launched the Vantage Fortain MRI system at ECR 2022 which reduces the time required for medical procedures.

In 2022, Wipro GE Healthcare launched the next-generation Revolution Aspire CT scanner which is an advanced imaging solution.

Key players

Canadian Magnetic Imaging (CMIC) MedRay Imaging Shared Health True North Imaging Mayfair Diagnostics KMH Cardiology & Diagnostic Centers AIM Medical Imaging Alberta Health Services Radiology Associates of Regina Medical Group CDI Canada

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For Canada Diagnostics Imaging Services Market

By Procedure:

MRI
Ultrasound
CT
X-ray
Nuclear Imaging
Mammography

By Application:

Ob/ GYN
Pelvic/ Abdomen
Cardiology
Oncology
Neurology
Orthopedics/ Musculoskeletal
Other Imaging

By End-user:

Hospitals
Ambulatory Surgical Centers
Diagnostic Centers
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.