Key Market Indicators
Over the last two decades, the Canadian market for diagnostic reagents has grown steadily. In 2021, the country's import of diagnostic reagents was estimated at $820 million and is projected to reach around $819 million by 2026, with an average annual growth rate of 1.2%. In 2021, Canada was ranked ninth in the world for imports of these reagents, with Spain overtaking it with a total of $761 million. Germany, China and the Netherlands were the next three largest importers at the time. Exports of diagnostic reagents from Canada were estimated at $698 million in 2021, and are anticipated to reach $836 million by 2026, with an average growth rate of 2.9%. In 2021, Canada was ranked tenth in the world for exports, with Belgium coming ahead with $697 million. Germany, the Netherlands and the United Kingdom were the next three largest exporters.
Canada In Vitro Diagnostics Market Data and Forecasts
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