In 2023, the density of Magnetic Resonance Imaging (MRI) exams in Canada was recorded at 66.2 exams per thousand persons. The forecasted data for the next five years show a clear upward trend, with values increasing year-on-year to 67.6 in 2024, 69.1 in 2025, 70.6 in 2026, 72.0 in 2027, and reaching 73.4 by 2028.
Year-on-year percentage variations are as follows:
- 2024: +2.1%
- 2025: +2.2%
- 2026: +2.3%
- 2027: +2.0%
- 2028: +1.9%
The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is approximately 2.1%, indicating a consistent increase in the density of MRI exams over the forecasted period.
Future Trends to Watch for:
- Technological advancements in MRI equipment improving scanning efficiency and patient throughput.
- Healthcare policy changes that may impact funding for diagnostic imaging services.
- Increased prevalence of conditions requiring MRI diagnostics, potentially driving higher demand.
- Potential expansion of MRI facilities and services in under-served regions to meet rising demand.
