According to the TechSci Research report titled “Canada Ultrasound System Market – By Region, Competition, Forecast, and Opportunities, 2018-2028″, the Canada ultrasound system market is poised for remarkable growth during the forecast period. This can be attributed to the escalating demand for high-frequency sound waves to capture images of anatomical structures, recent technological advancements in ultrasound technology, and the introduction of innovative equipment within the region. Additionally, the focus on enhancing healthcare facilities and the rising number of partnerships and strategic collaborations between public and private entities for funding and application of advanced technology are set to further drive the growth of the Canada ultrasound system market. The increasing government initiatives aimed at raising awareness about the significance of early diagnosis will also contribute to the market’s expansion. Moreover, ongoing advancements in diagnostic and therapeutic ultrasound imaging technology will provide continuous support to the Canada ultrasound system market throughout the forecast period.
However, the substantial cost associated with ultrasound systems poses a significant challenge for healthcare providers in Canada. Financial constraints may hinder the investment in advanced ultrasound systems, potentially impeding the growth of the Canada ultrasound system market during the forecast period. Additionally, the effective operation of ultrasound systems necessitates well-trained operators. The scarcity of qualified ultrasound technologists in Canada might pose a hurdle to market growth. Regulatory requirements and standards applicable to ultrasound systems in Canada can lead to increased time and costs for introducing new products to the market, potentially restraining the growth of the Canada ultrasound system market in the forecast period.
The Canada ultrasound system market can be categorized by technology, display type, mobility, application, end-user, and region. In terms of technology, the market is divided into diagnostic ultrasound and therapeutic ultrasound. The diagnostic ultrasound segment dominated the Canada ultrasound system market in 2022 and is projected to maintain its dominance throughout the forecast period. This dominance is attributed to the wide-ranging applications in obstetrics, cardiology, and oncology, coupled with the growing prevalence of various lifestyle disorders. Furthermore, technological advancements, such as miniaturized 2D and 3D/4D ultrasound systems, contribute to the segment’s continued leadership.
In the application segment, the Canada ultrasound system market is segmented into general imaging, obstetrics/gynecology, cardiology, urology, orthopedic & musculoskeletal, and others. The cardiology segment is expected to lead the Canada ultrasound system market during the forecast period. This dominance is driven by the rising incidence of cardiovascular diseases within the region and the advancement of ultrasound technology for cardiac applications. The demand for advanced systems to enhance cardiology departments and provide enhanced care to patients while improving efficiency and throughput contributes to the segment’s projected growth.
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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.
Our Free Sample Report consists of the following:
1. Comprehensive analysis of market trends and dynamics.
2. In-depth segment analysis of the Canada Ultrasound System market.
3. Key insights into market drivers, challenges, and growth opportunities.
4. Accurate assessment of the competitive landscape and key players’ strategies.
Key questions answered in this report:
1. What factors are propelling the growth of the Canada Ultrasound System market?
2. What challenges are anticipated to impact market growth in the forecast period?
3. How has the landscape of the Canada Ultrasound System market been influenced by recent developments?
4. Which technology and application segments are poised for dominance in the market?
5. How does the shortage of qualified ultrasound technologists affect the market’s growth prospects?
6. What are the regulatory factors shaping the Canada Ultrasound System market?
7. What regions are expected to contribute significantly to market growth, and why?
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