The import of medical X-ray apparatus to Canada has shown a consistent decline from a high of 247.6 million USD in 2013 to 165.07 million USD in 2023. This represents a year-on-year decrease nearly every year, with the most significant drop occurring between 2014 and 2015 at almost 15%. Over the last two years (2022-2023), the year-on-year variation was under 1% and described a declining trend. The compound annual growth rate (CAGR) over the last five years is nearly -0.65%, indicating an annual average decrease.
Forecasts from 2024 to 2028 suggest a continued decline in imports, with a 5-year CAGR prediction of -0.6% and an overall reduction of approximately 3%. This trend is indicative of possibly stabilizing at lower levels in the lengthy term.
Future trends to watch for:
- Technological advancements—potential shift to more advanced, less traditional X-ray technologies.
- Healthcare policy changes—increased focus on domestic production and self-sufficiency.
- Trade policies—impact of new trade agreements or tariffs on medical equipment imports.
