Canada ultrasound system market is anticipated to
witness impressive growth during the forecast period. This can be ascribed to
the rise in the adoption of ultrasound devices for diagnostic imaging and
treatment, coupled with the increasing incidences of chronic and
lifestyle-related disorders across the region. Similarly, the rising demand for
minimally invasive surgery and technological advancements in ultrasound imaging
technology will further drive the growth of the Canada ultrasound system market
during the forecast period. Also, the expansion of ultrasound device
applications in 3D imaging, shear wave elastography, development of wireless
transducers, app-based ultrasound technology, fusion with CT/MR, and
laparoscopic ultrasound will further influence the growth of the Canada
ultrasound system market over the years. For instance, as per the
GLOBOCAN 2020, the number of cancer cases identified in Canada was around
274,000.
Growing Demand for Advanced Medical Imaging
Technology
The growing demand for advanced medical imaging
technology is a major factor driving the growth of the ultrasound system market
in Canada. As medical technology advances, healthcare providers are
increasingly relying on imaging technologies such as ultrasound systems to
diagnose and treat a wide range of medical conditions. Ultrasound systems offer
several advantages over other imaging technologies, including safety,
affordability, and non-invasiveness. They also provide real-time images, making
them an essential tool for guiding minimally invasive procedures. As the demand
for advanced medical imaging technology grows, healthcare providers are
investing in ultrasound systems to meet their diagnostic and treatment needs.
This has led to the increased adoption of ultrasound systems in hospitals,
clinics, and other healthcare facilities in Canada. Moreover, technological
advancements in ultrasound systems have improved their performance,
functionality, and ease of use. Newer ultrasound systems offer higher image
quality, faster scanning times, and improved portability, making them more
accessible and user-friendly. In addition, the Canadian government has
implemented several initiatives to support the healthcare industry, including
investments in medical equipment and technology. These initiatives have
contributed to the growth of the ultrasound system market in Canada by
providing funding for healthcare facilities to upgrade their medical equipment,
including ultrasound systems.
Aging Population
The aging population in Canada is a significant
factor driving the growth of the ultrasound system market. As people age, they
are more likely to develop age-related illnesses that require medical imaging,
and ultrasound systems are particularly useful in diagnosing and treating these
conditions. As the population ages, the demand for medical imaging technology
is increasing. Ultrasound systems are non-invasive and provide real-time
images, making them a popular choice for diagnostic imaging among the elderly
population. With a growing elderly population, the demand for ultrasound
systems is expected to increase significantly in the coming years. Moreover,
older individuals often require more frequent medical attention and monitoring,
which further drives the demand for ultrasound systems. Ultrasound systems are
used to diagnose and monitor a wide range of medical conditions, including
cardiovascular diseases, neurological disorders, and cancer. As the elderly
population in Canada continues to grow, the demand for ultrasound systems for
these purposes is expected to increase as well. In addition, the Canadian
government has implemented several initiatives to support the healthcare
industry, including investments in medical equipment and technology. These
initiatives have contributed to the growth of the ultrasound system market in
Canada.
Technological Advancements
Technological advancements have played a
significant role in the growth of the ultrasound system market in Canada. The
continuous development of advanced ultrasound technology has expanded the range
of diagnostic and treatment applications, improved image quality, and made
ultrasound systems more accessible and user-friendly. One of the key
technological advancements in ultrasound systems is the development of 3D and
4D ultrasound technology. These technologies offer more detailed and
comprehensive images, which are particularly useful in obstetrics, gynecology,
and cardiology. 3D and 4D ultrasound systems also improve the accuracy of
diagnosis and treatment planning, which has increased the demand for these
systems in healthcare facilities. Another significant technological advancement
is the miniaturization of ultrasound systems. Portable ultrasound systems are
now available, making them more accessible to healthcare professionals in
remote and rural areas, as well as in emergency and critical care settings.
These portable systems also improve patient comfort by reducing the need for
transport to a centralized imaging center. Advancements in ultrasound
technology have also resulted in improved imaging quality, faster scanning
times, and more user-friendly interfaces. These advancements have reduced the
time required for scanning and analysis, improving patient throughput and
reducing wait times for diagnostic imaging. This has led to increased adoption
of ultrasound systems in healthcare facilities in Canada.
Increasing Number Of Diagnostic Imaging Procedures
The increasing number of diagnostic imaging
procedures is a significant factor driving the growth of the ultrasound system
market in Canada. As the demand for diagnostic imaging procedures increases,
healthcare providers are investing in ultrasound systems to meet the growing
demand. Diagnostic imaging procedures are essential for diagnosing and treating
a wide range of medical conditions. Ultrasound systems are a popular choice for
diagnostic imaging as they offer several advantages over other imaging
technologies, including safety, affordability, and non-invasiveness. Ultrasound
systems also provide real-time images, making them an essential tool for
guiding minimally invasive procedures. As the number of diagnostic imaging
procedures increases, so does the demand for ultrasound systems. This has led
to the increased adoption of ultrasound systems in hospitals, clinics, and
other healthcare facilities in Canada. Therefore, the Canada ultrasound system
market is expected to grow during the forecast period.
Government Initiatives
Government initiatives have a significant influence
on the growth of the ultrasound system market in Canada. The Canadian
government has implemented several policies and programs to support the
healthcare industry and encourage the adoption of medical equipment and
technology, including ultrasound systems. One such initiative is the Canada
Health Infoway program, which was launched in 2001 to accelerate the
development and adoption of digital health solutions across Canada. The program
aims to improve the quality and accessibility of healthcare services by
investing in technology and infrastructure. This initiative has contributed to
the growth of the ultrasound system market by providing funding for healthcare
facilities to upgrade their medical equipment, including ultrasound systems.
The Canadian government also provides tax incentives to encourage businesses to
invest in research and development (R&D) activities. This has led to
increased investment in R&D in the healthcare industry, including the
development of new and advanced ultrasound technologies. The development of new
and advanced ultrasound technologies has expanded the range of diagnostic and
treatment applications, improved image quality, and made ultrasound systems
more accessible and user-friendly. Moreover, the Canadian government has
implemented several healthcare policies aimed at improving patient outcomes and
reducing healthcare costs. These policies have led to increased adoption of
ultrasound systems, particularly in the primary care setting, as they are
cost-effective and non-invasive. This has increased the demand for ultrasound
systems in healthcare facilities across Canada.
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Recent Developments
- Philips Epiq CVxi: In 2021, Philips launched
the Epiq CVxi, a cardiovascular ultrasound system designed for cardiology
and critical care applications. The system features advanced imaging
capabilities, including 3D and 4D imaging, and is equipped with artificial
intelligence (AI) technologies to improve diagnostic accuracy.
- GE Healthcare Venue Go: In 2020, GE Healthcare
launched the Venue Go, a portable ultrasound system designed for
point-of-care applications. The system is small, lightweight, and easy to
use, making it suitable for use in non-traditional settings such as
clinics, emergency departments, and ambulances.
- Siemens Healthineers ACUSON Redwood: In 2019,
Siemens Healthineers launched the ACUSON Redwood, an ultrasound system
designed for general imaging and shared services applications. The system
features advanced imaging technologies, including 3D and 4D imaging, and
is equipped with AI technologies to improve workflow efficiency.
- Samsung RS85A: In 2019, Samsung launched the
RS85A, a premium ultrasound system designed for a wide range of clinical
applications. The system features advanced imaging technologies, including
S-Vue imaging, which offers superior image quality and enhanced diagnostic
capabilities.
- Fujifilm Sonosite PX: In 2018, Fujifilm
launched the Sonosite PX, a portable ultrasound system designed for
point-of-care applications. The system features a durable design,
high-quality imaging capabilities, and an intuitive user interface, making
it suitable for use in a variety of clinical settings.
Market Segmentation
The Canada ultrasound system market can be
segmented by 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. Based on display type,
the Canada ultrasound system market can be divided into black & white and
colored. Based on mobility, the Canada ultrasound system market can be divided
into fixed and mobile. Based on application, the Canada ultrasound system
market can be segmented into general imaging, obstetrics/gynecology,
cardiology, urology, orthopedic & musculoskeletal, and others. Based on end
user, the Canada ultrasound system market can be grouped into hospitals &
clinics, diagnostic centers, ambulatory care centers, and others.
Market Players
GE Healthcare Canada Inc, Philips Canada Ltd.,
Siemens Healthcare Diagnostics Ltd/Canada, FUJIFILM Canada Inc, Hologic Inc,
Carestream Health Canada Co, and Analogic Canada Corp are some of the leading
players operating in the Canada ultrasound system market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022
and 2023-2028
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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By Technology
By Display Type
By Mobility
By Application
By End User
By Region
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Regional scope
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Ontario region; Quebec region; Alberta region; British Columbia
region; Saskatchewan and Manitoba region; Rest of Canada
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Key companies profiled
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GE Healthcare Canada Inc, Philips
Canada Ltd., Siemens Healthcare Diagnostics Ltd/Canada, FUJIFILM Canada Inc,
Hologic Inc, Carestream Health Canada Co, Analogic Canada Corp
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Customization scope
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10% free report customization with purchase. Addition or alteration to
country, regional & segment scope.
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Pricing and purchase options
|
Avail customized purchase options to
meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable version
of the report in PPT/Word format on special request)
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Report Scope:
In this report, the Canada ultrasound system market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Canada Ultrasound System Market, By
Technology:
o Diagnostic
Ultrasound
o Therapeutic
Ultrasound
- Canada Ultrasound System Market, By Display
Type:
o Black &
White
o Colored
- Canada Ultrasound System Market, By Mobility:
o
Fixed
o
Mobile
- Canada Ultrasound System Market, By
Application:
o General Imaging
o Obstetrics/Gynecology
o Cardiology
o Urology
o Orthopedic
& Musculoskeletal
o Others
- Canada Ultrasound System Market, By End User:
o Hospitals &
Clinics
o Diagnostic
Centers
o Ambulatory Care
Centers
o Others
- Canada Ultrasound System Market, By Region:
o Ontario region
o Quebec region
o Alberta region
o British
Columbia region
o Saskatchewan
and Manitoba region
o Rest of Canada
Competitive Landscape
Company Profiles: Detailed analysis of
the major companies present in the Canada ultrasound system market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Canada ultrasound system market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]