The data indicates a fluctuating trend in the number of radiation therapy equipment units in Canada from 2016 to 2023, with a slight decline from 104 units in 2016 to 103 units in 2023. A notable increase was observed in 2017 and 2018 with year-on-year growth rates of 3.85% and 2.78%, respectively. However, subsequent years showcased a decline or minimal growth: 2023 showed a -0.96% YoY change. The overall five-year CAGR up to 2023 stands at -1.48%. Projections from 2024 to 2028 suggest a further decline with a forecasted five-year CAGR of -1.43%.

Future trends to watch for include:

Technological advancements affecting equipment lifespan and procurement rates.
Government healthcare policies and funding impacting new acquisitions.
Integration of newer, more efficient radiation therapy devices that could replace current inventory faster.