Canada Computed Tomography (CT) Market Trends

High slice scanners are those with more than 128 slices, such as those with 256, 320, and 640 slices, which is the maximum number of slices. The high slice CT scanner is preferred over low source settings due to its limited benefits. Because no film images need to be produced, high slice CT is also quicker for the patient. Additionally, radiologists can further enhance images using computers to find microcalcifications that low and medium slice CT may miss. In Canada, the incidence of diseases like cancer has considerably grown. For instance, the International Agency for Research on Cancer report estimates that there will be 274,364 new cases of cancer in Canada in 2020. The market growth for computed tomography equipment for diagnosis is anticipated to be boosted by the increased prevalence of cancer conditions. The industry is also expanding as a result of partnerships and collaborations between important players, technological developments, and rising product approvals. For instance, in March 2020, Siemens and GE Healthcare jointly introduced the cardiac CT scanner with 128 slice in Canada. The 128-slice scanner is intended for usage in hospitals but is also ideal for outpatient cardiology offices. Therefore, the segment is anticipated to grow over the projected period due to an increase in high slice product launches and technological advancements in high slice CT scanners. The Hawkesbury and District General Hospital (HGH) also showcased its new computed tomography (CT) scanner in December 2019. Only two other Canadian institutions have this 128-slice CT scan model, which costs USD 2.5 million, and HGH is the first in Eastern Canada to employ it. Thus, the market is expected to grow due to the abovementioned factors.