Canada Spinal MRI Procedures Market Size, Share, Growth, Trends, and Industry Analysis: By MRI Procedures (Lumbar MRI Procedures, Cervical MRI Procedures, and Sacro-iliac MRI Procedures), By Sector (Public Hospitals/Universities, and Private (Private Hospitals, and Imaging Centres)), Country Forecast 2019-2030

In 2023, 384,000 MRI procedures are done and are projected to grow at CAGR of 2.9% over the forecast years to reach 467,000 procedures by 2030. The growing age population, increasing spinal disorders, and advancements in MRI technology are the main driving forces for the demand of the Canadian market for spinal MRI, which is increasing with increased demands for accurate and non-invasive diagnostics. However, constraints imposed by a high cost, long waiting time, reimbursement challenges, and shortage of skilled technicians constrain the accessibility and service capacity of spinal MRI in Canada. Other opportunities would include the integration of telemedicine and AI for remote diagnostics as well as providing higher accuracy, and private diagnostic centers which may expand to increase the speed of the services. Increased awareness concerning preventive health creates opportunities such as early diagnosis through MRI procedures. There is increased application of stronger magnetic field systems 3T and 7T for better imaging, more AI in diagnostics, and a more increased number of outpatient imaging centers providing easier services. These are what bring forward spine MRI services in Canada to attain growth and, above all, address the current limitations.

Detailed Segmentation of Canada Spinal MRI Procedures Market

Procedures: The Lumbar MRI procedure segment has captured a 65.1% market share in 2023 with 250,000 MRI procedures, due to a wide prevalence of conditions such as herniated discs and degenerative diseases of the lumbar spine, more specifically the aged, the need for lumbar MRIs is enhanced. A sedentary lifestyle coupled with rising obesity rates and trauma from other accidents all contribute to increasing the demand for MRI scans of the lumbar region.

Sector: The public hospitals/universities segment has accounted for a market share of 94.5% in 2023 with 363,000 MRI procedures. This is attributed to the fact that Canada has a universal health care system whereby MRI services are largely found at wallet-friendly or no-fee prices in public institutions. These hospitals-built MRI infrastructures, hence processing high numbers of patients and more complicated cases. Most patients get referred to public institutions for spinal MRIs since these institutions possess specialty services and radiological services hence, most of the procedures take place in public institutions.

Key Takeaways

• The Canada Spinal MRI Procedures in 2023 were 384,000 growing at a CAGR of 2.4% from 2019.
• By procedure type, the Lumbar procedure segment has captured a 65.1% market share in 2023 with 250,000 MRI procedures performed in Canada.
• By sector, the Public Hospitals/Universities segment has accounted for a market share of 94.5% in 2023 with 363,000 MRI procedures.

Key Players in the Canada Spinal MRI Procedures Market

The Canada Spinal MRI Procedures Market size is inclusive of several companies such as Stryker, Zimmer Biomet, Abbott Laboratories, GE Healthcare, Resonance Health, Medtronic, Siemens Healthineers, Philips Healthcare, Canon Medical Systems, Toshiba Medical Systems, and few others.

Facts & Figures of MRI Procedures in Canada

• The number of persons aged 65 years and older in Canada was about 7,568,308 as of July 1, 2023. It had significantly increased from the previous decades. Specifically, there is a fast-growing population who are 85 years and older with an increase of 12% since 2016 2. This population, according to projections, could treble by 2046 reaching nearly 2.5 million individuals.
• The incidence rate of traumatic spinal cord injury in the country is approximately at 41 per million. Compared to this figure, the estimated discharge incidence for non-traumatic spinal cord injury stands at 2,286 cases or 68 per million. These figures prove a need for constant follow-up on issues related to spinal health in the Canadian population.
• In 2020, estimated spending on healthcare in Canada stood at $5,619 per person, 10.54% higher than in 2019. Total health expenditure is estimated to amount to about 331 billion Canadian dollars, equivalent to about 8,563 Canadian dollars in 2022. Health expenditures funded through the public sector in 2023 stand at approximately 244 billion Canadian dollars. During 2023, this amount accounted for the most by the provincial government at 225 billion Canadian dollars.
• As a move towards strengthening its healthcare system, the Government of Canada has committed nearly $200 billion to ten years dedicated to improving the healthcare service that can be provided to its citizens. More particularly, recently, a commitment of $46.2 billion was made with the intent of directly channeling it towards the provinces and territories which are critical in light of ballooning pressures on the healthcare system occasioned by the aging population and exacerbated healthcare needs.

Key Developments In Canada Spinal MRI Procedures Market

• In Dec 2023, GE HealthCare announced the SIGNA Champion at RSNA, a new MRI system for democratizing advanced AI and innovative features to enhance the standard care of MRI exams for patients everywhere, thus enabling faster and more precise MRI scans.
• In Sept 2019, Stryker signed an agreement to buy Mobius Imaging along with its sister company GYS Tech. GYS Tech is also known as Cardan Robotics, and it will do so for cash up front with a payment of about $370m. Stryker’s acquisition supports its Spine divisions and entries into intra-operative imaging.