Canada Digital X-Ray Devices Market Size
| 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 Market Trends
This section covers the major market trends shaping the Canada Digital X-Ray Devices Market according to our research experts:
Computed Radiography is Expected to Witness Healthy Growth Over the Forecast Period
Computed radiography (CR), a computerized alternative to traditional X-ray film radiography, has many advantages for inspection tasks because it essentially eliminates consumable use and substantially reduces image production time. The imaging plates that are present in computed radiography systems are reusable. The factors leading to the growth of this segment include the high burden of chronic disorders (cancer, cardiovascular, orthopedic, etc.) and the increase in strategic initiatives by major companies to use computed radiography in diagnosing neurological issues.
According to UCB Canada Inc., in 2021, Parkinson's disease was found to be affecting 1 in every 500 people in Canada. According to the same source, it was observed that around 100,000 Canadians were living with Parkinson's in Canada as of the year 2021, and approximately 6,600 new cases of Parkinson's are being diagnosed every year. Mostly, people diagnosed are over the age of 60. However, at least 10% of the Parkinson's population develops symptoms before the age of 50. The high burden of Parkinson's in the Canadian population is expected to boost the demand for better imaging which will contribute to the increased utilization of computed radiography systems.
The Canadian cardiovascular digital X-ray devices are witnessing various developments, including product launches and approvals, partnerships, collaborations, mergers, and acquisitions. For instance, in August 2020, Carestream Health launched a new digital radiography detector in the United States and Canada, enabling hospitals and imaging centers specializing in long-length imaging to increase productivity while decreasing patient discomfort and dose. With such launches and the increasing burden of diseases across the country, the segment is expected to witness strong growth over the forecast period.
Furthermore, the rising burden of cancer in Canada is accelerating the demand for cancer screening with the help of X-ray devices which is contributing to the segment growth.
Canada Digital X-Ray Devices Industry Overview
The Canada digital X-ray devices market is nearly consolidated and moderately competitive as per the competitive analysis owing to the few companies that are currently dominating the market. These companies include GE Healthcare, Koninklijke Philips NV, Fujifilm Holdings Corporation, Siemens Healthineers, and Canon Medical System Corporation (Toshiba Corporation) among others. The competition in the market is majorly based on technological advances and the pricing of digital X-ray equipment. Additionally, the key players have been involved in various strategic alliances such as acquisitions, and collaborations along with the launch of advanced products to secure their position in the global market.
Canada Digital X-Ray Devices Market Leaders
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Canon Medical Systems
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GE Healthcare
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Fujifilm Holdings Corporation
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Koninklijke Philips N.V
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Siemens AG
*Disclaimer: Major Players sorted in no particular order
Canada Digital X-Ray Devices Market News
- In June 2022, A major contribution of USD 100,000 from the Roseway Hospital Auxiliary has propelled the Roseway Hospital Foundation to its fundraising goal of USD 450,000 toward the purchase of a new digital radiography unit for Roseway Hospital in Sandy Point, Shelburne County, Canada.
- In April 2022, KA Imaging in Canada announced that it is putting up nearly USD 1.5 million for the creation of the world's first dual-energy mobile X-ray system.
Canada Digital X-Ray Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Occurrence of Orthopedic and other Chronic Diseases
4.2.2 Advantages of Digital X-ray Systems Over Conventional X-rays
4.3 Market Restraints
4.3.1 High Initial Cost of Installation and High Device Cost
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Application
5.1.1 Oncology
5.1.2 Cancer
5.1.3 Dental
5.1.4 Cardiovascular
5.1.5 Other Applications
5.2 By Technology
5.2.1 Computed Radiography
5.2.2 Direct Radiography
5.3 By Portability
5.3.1 Fixed Systems
5.3.2 Portable Systems
5.4 By End User
5.4.1 Hospitals
5.4.2 Diagnostic Centers
5.4.3 Other End Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Canon Medical Systems Corporation
6.1.2 Fujifilm Holdings Corporation
6.1.3 GE Healthcare
6.1.4 Koninklijke Philips NV
6.1.5 Siemens Healthineers
6.1.6 Carestream Health Inc.
6.1.7 Shimadzu Corporation
6.1.8 Hologic Inc.
6.1.9 Agfa Healthcare
6.1.10 Samsung Medison Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 Research 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.
Who are the key players in Canada Digital X-Ray Devices Market?
Canon Medical Systems, GE Healthcare, Fujifilm Holdings Corporation, Koninklijke Philips N.V and Siemens AG are the major companies operating in the Canada Digital X-Ray Devices Market.
What years does this Canada Digital X-Ray Devices Market cover, and what was the market size in 2023?
In 2023, the Canada Digital X-Ray Devices Market size was estimated at USD 661.43 million. The report covers the Canada Digital X-Ray Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Digital X-Ray Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Digital X-Ray Devices Industry Report
Statistics for the 2024 Canada Digital X-Ray Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Digital X-Ray Devices analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
