Canada Ultrasound System Market to be Dominated by Diagnostic Ultrasound through 2028
The increasing prevalence of chronic diseases is
expected to drive the growth of the Canada ultrasound system market during the
forecast period.
According to TechSci Research report, “Canada
Ultrasound System Market - By Region, Competition, Forecast, and Opportunities,
2018-2028”, the Canada ultrasound system market is anticipated to grow at
an impressive rate during the forecast period. This can be ascribed
to the growing demand for high frequency sound waves for taking images of
anatomical structures and recent advancements in this technology along with the
introduction of innovative equipment across the region. Similarly, growing
focus toward improving condition on healthcare facilities and rising number of
partnerships and strategic collaborations between the public and private
players pertaining to funding and application of new and improved technology
will further propel the growth of the Canada ultrasound system market over the
years. Additionally, rising government initiatives to increase awareness about
the importance of early diagnosis will escalate the growth of the Canada
ultrasound system market in coming years. Besides, ongoing technological
advancements in the field of diagnostic and therapeutic ultrasound imaging will
further support the Canada ultrasound system market during the forecast period.
However, the high cost of ultrasound systems is a
major challenge for healthcare providers in Canada. Many healthcare facilities
may not have the financial resources to invest in advanced ultrasound systems,
which can hamper the growth of the Canada ultrasound system market during the
forecast period. Similarly, the effective use of ultrasound systems requires
highly trained operators. However, there is a shortage of qualified ultrasound
technologists in Canada which may hamper the growth of the market during the
forecast period. Also, ultrasound systems in Canada are subject to regulatory
requirements and standards, which can increase the time and cost of bringing
new products to market and can further restrict the growth of the Canada
ultrasound system market during the forecast period.
Browse over XX market data Figures spread through 70
Pages and an in-depth TOC on "Canada Ultrasound System Market.”
The Canada ultrasound system market can be
segmented into technology, display type, mobility, application, end user, and
by region.
Based on technology, the Canada ultrasound system
market can be divided into diagnostic ultrasound and therapeutic ultrasound.
The diagnostic ultrasound segment dominated the Canada ultrasound system market
in 2022 and is expected to continue maintaining its dominance during the
forecast period. This can be ascribed to a wide range of applications in
obstetrics, cardiology, and oncology, along with the growing prevalence of
different lifestyle disorders and technological advancements, such as
miniaturized 2D and 3D/4D ultrasound systems.
Based on application, the Canada ultrasound system market
can be segmented into general imaging, obstetrics/gynecology, cardiology,
urology, orthopedic & musculoskeletal, and others. The cardiology segment
is expected to dominate the Canada ultrasound system market during the forecast
period due to the increasing prevalence of cardiovascular diseases across the
region and advances in ultrasound technology for cardiac applications, along
with the growing demand for advance systems for helping cardiology departments
and provide better care to more patients while improving efficiency and
throughput.
Major companies operating in the Canada ultrasound
system market are:
- GE Healthcare
Canada Inc
- Philips Canada
Ltd.
- Siemens
Healthcare Diagnostics Ltd/Canada
- FUJIFILM Canada
Inc
- Hologic Inc
- Carestream
Health Canada Co
- Analogic Canada
Corp
In April 2021, Ventripoint Diagnostics Ltd, a
Canada-based company entered into a collaboration with GE Healthcare where
Ventripoint has been added as an innovator under GE Healthcare’s Edison
Developer Program, which helps healthcare providers gain access to market-ready
applications.
In March 2021, FUJIFILM Sonosite, Inc., specialists
in developing cutting-edge point-of-care ultrasound (POCUS) solutions, and part
of the larger Fujifilm Healthcare portfolio, launched the new Sonosite PX
ultrasound system in Canada.
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“The Canada ultrasound system market is expected to
grow during the forecast period due to the presence of a significant
competitors in the region along with the growing number of chronic diseases
such as cancers and the increasing adoption of advance technology across the
region. Similarly, the growing demand for better imaging systems and market
players are adopting different strategies to mark their presence in the region.
Such factors are expected to drive the growth of the Canada ultrasound system
market during the forecast period. Also, high expenditure on research and
development and the launch of new ultrasound devices in the region will further
propel the growth of the Canada ultrasound system market during the forecast
period. Furthermore, higher sale volume of ultrasound devices and
well-established healthcare infrastructure in the region is a major factor
influencing the growth of the Canada ultrasound system market over the years.
Besides, growing investments by the government for the development of
healthcare systems is expected to drive the growth of the Canada ultrasound
system market during the forecast period,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Canada Ultrasound System Market –
By Technology (Diagnostic Ultrasound, Therapeutic Ultrasound), By Display
Type (Black & White, Colored), By Mobility (Fixed, Mobile), By Application
(General Imaging, Obstetrics/Gynecology, Cardiology, Urology, Orthopedic &
Musculoskeletal, and Others), By End User (Hospitals & Clinics, Diagnostic
Centers, Ambulatory Care Centers, and Others) and By Region, Competition,
Forecast, and Opportunities”, has evaluated the future growth potential of
the Canada ultrasound system market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the Canada
ultrasound system market.
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