From 2013 to 2023, the number of Magnetic Resonance Imaging (MRI) units in Canada has shown a steady increase. As of 2023, the number stood at 418 units. Between 2013 and 2023, the series exhibited an average annual growth rate (CAGR) of 2.41%. Recent years have seen this trend continue, with year-on-year growth rates decreasing slightly from 2.57% in 2021 to 2.2% in 2023.
Future projections from 2024 to 2028 suggest a moderate growth trend. The forecasted 5-year CAGR is 1.59%, and the overall growth rate for this period is expected to be 8.2%. This indicates a slight deceleration in the expansion of MRI units compared to the previous decade.
Future trends to watch for include innovative technologies in MRI, funding for healthcare infrastructure, and shifts in healthcare policy that could impact the rate of installations for new MRI units. Keeping an eye on these factors will be crucial for accurately projecting future growth in this sector.
