Market Size of Canada Digital X-Ray Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 707.93 Million |
Market Size (2029) | USD 994.31 Million |
CAGR (2024 - 2029) | 7.03 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Canada Digital X-Ray Devices Market Analysis
The Canada Digital X-Ray Devices Market size is estimated at USD 707.93 million in 2024, and is expected to reach USD 994.31 million by 2029, growing at a CAGR of 7.03% during the forecast period (2024-2029).
COVID-19 has made a significant impact on the market studied. Lockdowns were implemented in various Canadian provinces from March 2020, and non-urgent imaging studies with diagnostic screenings were restricted and even temporarily halted. As a result, screening volumes decreased but healthcare organizations maintained to ensure that safety measures were in place to protect patients and healthcare workers. According to an article published in the Canadian Journal of Cardiology in September 2021, titled "The Impact of the COVID-19 Pandemic on Cardiac Procedure Wait List Mortality in Ontario, Canada," when compared to the pre-pandemic period, the number of referrals and procedures completed during the pandemic period was significantly lower. This decrease in the number of referrals greatly reduced the diagnostic scans in the country, having an unfavourable impact on the market studied.
The major factors attributing to the growth of digital X-ray devices are the increasing incidence of orthopedic diseases, dental and cardiovascular surgeries, and cancer, rising technological advancements coupled with an increasing spectrum of applications of these devices. For instance, as per the Canadian Cancer Statistics report published in 2021, the estimated number of people expected to be diagnosed with cancer in Canada was around 229,200. The high number of cancer cases indicate the need for relaible and accurate diagnosis methods which include diagnosis with imaging techniques such as CT scans and MRIs. Therefore, high cancer incidence in the country is believed to act as one of the leading factor for the market studied in Canada.
Canada Digital X-Ray Devices Industry Segmentation
As per the scope of this report, As per the scope of this report, digital X-ray or digital radiography is a form of X-ray imaging where digital X-ray sensors are used instead of traditional photographic films. This has an added advantage of time efficiency and the ability to transfer images digitally, as well as enhance them for better visibility. This method bypasses the chemical processing of photographic films. Digital X-ray imaging has high demand, as it requires less radiation exposure compared to traditional X-rays. Canada Digital X-Ray Devices market is segmented by Application (Orthopedic, Cancer, Dental, Cardiovascular, and other applications), Technology (Computed Radiography and Direct Radiography), Portability (Fixed Systems, and Portable Systems), End-User (Hospitals, Diagnostic Centers, Other End Users). The report offers the value (in USD million) for the above segments.
By Application | |
Oncology | |
Cancer | |
Dental | |
Cardiovascular | |
Other Applications |
By Technology | |
Computed Radiography | |
Direct Radiography |
By Portability | |
Fixed Systems | |
Portable Systems |
By End User | |
Hospitals | |
Diagnostic Centers | |
Other End Users |
Canada Digital X-Ray Devices Market Size Summary
The Canada digital X-ray devices market is poised for significant growth over the forecast period, driven by the increasing prevalence of orthopedic diseases, dental and cardiovascular surgeries, and cancer. Technological advancements and the expanding applications of these devices are further propelling market expansion. The COVID-19 pandemic initially disrupted the market by reducing the volume of diagnostic scans due to lockdowns and restrictions on non-urgent imaging studies. However, the high incidence of cancer and chronic disorders in Canada is expected to boost the demand for reliable diagnostic methods, including digital X-ray devices. Computed radiography systems, which offer advantages such as reduced image production time and reusable imaging plates, are gaining traction due to their efficiency and effectiveness in diagnosing neurological issues.
The competitive landscape of the Canadian digital X-ray devices market is characterized by a few dominant players, including GE Healthcare, Koninklijke Philips NV, Fujifilm Holdings Corporation, Siemens Healthineers, and Canon Medical System Corporation. These companies are focusing on technological innovations and strategic alliances, such as mergers, acquisitions, and collaborations, to enhance their market position. The market is witnessing developments like product launches and approvals, which are contributing to its growth. The rising burden of diseases, particularly cancer, is accelerating the demand for cancer screening, thereby driving the market forward. With ongoing advancements and strategic initiatives, the market is expected to experience robust growth in the coming years.
Canada Digital X-Ray Devices Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Occurrence of Orthopedic and other Chronic Diseases
-
1.2.2 Advantages of Digital X-ray Systems Over Conventional X-rays
-
-
1.3 Market Restraints
-
1.3.1 High Initial Cost of Installation and High Device Cost
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size by Value - USD million)
-
2.1 By Application
-
2.1.1 Oncology
-
2.1.2 Cancer
-
2.1.3 Dental
-
2.1.4 Cardiovascular
-
2.1.5 Other Applications
-
-
2.2 By Technology
-
2.2.1 Computed Radiography
-
2.2.2 Direct Radiography
-
-
2.3 By Portability
-
2.3.1 Fixed Systems
-
2.3.2 Portable Systems
-
-
2.4 By End User
-
2.4.1 Hospitals
-
2.4.2 Diagnostic Centers
-
2.4.3 Other End Users
-
-
Canada Digital X-Ray Devices Market Size FAQs
How big is the Canada Digital X-Ray Devices Market?
The Canada Digital X-Ray Devices Market size is expected to reach USD 707.93 million in 2024 and grow at a CAGR of 7.03% to reach USD 994.31 million by 2029.
What is the current Canada Digital X-Ray Devices Market size?
In 2024, the Canada Digital X-Ray Devices Market size is expected to reach USD 707.93 million.