Canada Nuclear Imaging Market Size and Share

Canada Nuclear Imaging Market (2026 - 2031)
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Canada Nuclear Imaging Market Analysis by 黑料不打烊

The Canada Nuclear Imaging Market size is projected to expand from USD 344.62 million in 2025 and USD 363.38 million in 2026 to USD 492.83 million by 2031, registering a CAGR of 6.28% between 2026 to 2031.

Escalating cancer and cardiovascular disease prevalence, widening access to hybrid scanners, and sizeable provincial investments in cyclotron capacity continue to lift procedure volumes. Hybrid PET/CT retains the largest revenue share, yet hybrid PET/MR is advancing most rapidly as academic centers pursue simultaneous metabolic, functional, and structural imaging. Software platforms underpinned by artificial-intelligence reconstruction are expanding faster than hardware because hospitals are looking for productivity gains that offset technologist shortages. At the same time, distributed isotope production initiatives in Ontario, British Columbia, and Alberta are tempering the single-point-of-failure risk that followed the 2018 closure of the National Research Universal reactor.

Key Report Takeaways

  • By modality, hybrid PET/CT held 39.35% revenue share in 2025, while hybrid PET/MR is projected to record the fastest 10.24% CAGR through 2031.
  • By component, equipment captured 63.63% of revenue in 2025, whereas software platforms are forecast to expand at a 9.57% CAGR to 2031.
  • By radio-isotope, fluorine-18 commanded 37.94% revenue share in 2025 and gallium-68 is on track for a 10.33% CAGR through 2031.
  • By application, oncology led with 52.68% revenue share in 2025, while neurology is set to grow at an 8.29% CAGR through 2031.
  • By end user, hospitals generated 61.53% of revenue in 2025 and academic and research institutes are expected to post the highest 8.12% CAGR to 2031.

Note: Market size and forecast figures in this report are generated using 黑料不打烊鈥檚 proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Segment Analysis

By Modality: Hybrid Platforms Sustain Leadership While PET/MR Accelerates

Hybrid PET/CT generated 39.35% of modality revenue in 2025, underlining its entrenched role in oncology staging and therapy response. Stand-alone SPECT cameras are declining as hospitals pivot to hybrid SPECT/CT systems that offer both functional and anatomical data without requiring patient relocation. The Canada nuclear imaging market size for hybrid PET/CT modalities is projected to climb at the overall 6.28% CAGR, whereas hybrid PET/MR leads with a 10.24% CAGR due to superior soft-tissue contrast essential for neuro-oncology and inflammatory bowel disease. Equipment makers have responded: GE HealthCare鈥檚 32 cm-axial Omni Legend shortens total-body scan time to 12 minutes, and Siemens Healthineers鈥 106 cm-axial Biograph Vision Quadra enables simultaneous multi-organ pharmacokinetics for theranostic dosimetry. Digital cadmium zinc telluride detectors in next-generation SPECT/CT deliver twice the photon sensitivity of legacy photomultiplier tubes, permitting 50% dose cuts that help labs meet dose-optimization mandates. Hospitals in Halifax and Nanaimo adopted such systems in 2024, evidencing readiness to pay premium prices when dose savings and higher throughput combine. As old SPECT fleets age out鈥攖he average system is 13.2 years鈥攖he Canada nuclear imaging market share held by hybrid scanners will keep widening.

Canada Nuclear Imaging Market: Market Share by Modality
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Note: Segment shares of all individual segments available upon report purchase

By Component: Equipment Still Dominates Yet Software Gains Momentum

Equipment captured 63.63% of component revenue in 2025 because several provinces budgeted for hybrid-scanner replacements, but software subscriptions are rising at 9.57% annually as AI-driven image-reconstruction and lesion-quantification tools become standard. The Canada nuclear imaging market size tied to software is therefore growing faster than hardware even though suppliers often bundle first-year licenses with scanner deals. AI-assisted quantification from Siemens鈥 AI-Rad Companion or GE HealthCare鈥檚 Edison platform cuts radiologist reading time 30%鈥40%, a critical benefit when staffing is tight. Vendors now price upgrades on a per-study or annual-license basis, creating resilient recurring revenue. Consumables such as radiopharmaceutical doses and quality-control phantoms ride on procedure volumes, which expand at the overall 6.28% CAGR. BWXT Medical鈥檚 domestic yttrium-90 and indium-111 production will further anchor recurring consumable revenue as isotope self-sufficiency improves.

By Radio-Isotope: Fluorine-18 Retains Primacy, Gallium-68 Surges

Fluorine-18 contributed 37.94% of isotope revenue in 2025 because FDG PET/CT occupies the oncology mainstream and the 110-minute half-life supports regional distribution. Technetium-99m remains indispensable for bone, cardiac, and renal scanning, yet supply risks continue until domestic molybdenum-99 output stabilizes. Gallium-68 is the fastest-growing isotope at a 10.33% CAGR and underpins PSMA and DOTATATE imaging. Health Canada鈥檚 approval of lutetium-177 PSMA-617 in 2022 cemented the theranostic pairing that drives diagnostic gallium-68 use. Provincial cyclotron projects will allow on-site gallium-68 generator production, improving access beyond Ontario. Rubidium-82 cardiac PET gains favor because it delivers 75% lower radiation than technetium-99m SPECT while avoiding cyclotron dependence. Investigational isotopes such as copper-64 and zirconium-89 are now in Phase II academic trials, setting the stage for diversified isotope portfolios after 2030.

Canada Nuclear Imaging Market: Market Share by Radio-isotope
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Note: Segment shares of all individual segments available upon report purchase

By Application: Oncology Commands, Neurology Accelerates

Oncology absorbed 52.68% of application revenue in 2025 thanks to FDG PET/CT and accelerating PSMA PET utilization. Neurology is forecast to grow at 8.29% CAGR as amyloid and tau PET tracers gain reimbursement, enabling earlier Alzheimer鈥檚 differentiation. Cardiology sits second in share; the shift from SPECT to PET proceeds as rubidium-82 generators lower dose and improve accuracy. Endocrinology remains a smaller yet steady niche, rooted in iodine-based thyroid imaging and therapy. Infection and inflammation studies continue contracting as CT and MRI alternatives mature. Large provincial cancer-centers in British Columbia and Ontario have already embedded PSMA theranostics into routine pathways, underscoring oncology鈥檚 catalytic role for the Canada nuclear imaging market.

By End User: Hospitals Hold Lead, Academic Institutes Outpace Growth

Hospitals generated 61.53% of end-user revenue in 2025, reflecting single-payer referral patterns. Diagnostic imaging centers offer shorter waits but still face volume ceilings under provincial reimbursement caps. Academic and research institutes grow fastest at 8.12% CAGR because they secure federal grants and industry partnerships for total-body PET, theranostics, and novel radiopharmaceutical trials. The Canada nuclear imaging market share tilted toward hospitals will gradually narrow as academic centers commercialize innovations that downstream hospitals later adopt. Academic hubs also house new cyclotron facilities that distribute isotopes to regional hospitals, reinforcing their pivotal supply-chain role.

Canada Nuclear Imaging Market: Market Share by End-User
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Note: Segment shares of all individual segments available upon report purchase

Geography Analysis

Ontario, Quebec, and British Columbia account for nearly 70% of Canada nuclear imaging market capacity because they host large population centers and academic medical networks. Ontario leads on absolute procedure volume, with Princess Margaret Cancer Centre and the Ottawa Hospital anchoring theranostic adoption. Quebec鈥檚 CHUM and McGill University Health Centre leverage in-house cyclotrons to support high tracer diversity. British Columbia鈥檚 USD 23.7 million University of British Columbia cyclotron, operational since 2026, positions the province as the western isotope hub, cutting delivery times for isotopes whose half-life is less than two hours. Alberta鈥檚 Calgary Radiopharmaceutical Centre, slated for completion in 2027, will serve Prairie provinces and trim dependency on Ontario. Atlantic provinces lean on Halifax鈥檚 Queen Elizabeth II Health Sciences Centre, where a 2024 digital SPECT/CT upgrade improved throughput and reduced technetium-99m dose, yet patients in rural communities still drive hundreds of kilometers for scans. Northern territories remain dependent on medical evacuations to southern centers because population density cannot justify on-site facilities.

Reimbursement policies shape regional growth. Ontario鈥檚 six-scanner expansion aimed for 2028 prioritizes northern and eastern communities, whereas British Columbia funnels nuclear-medicine funding through BC Cancer鈥檚 centralized network. Alberta maintains a mixed public-private model, allowing independent imaging centers to contract services, but logistics complexity increases for isotope supply. Technologist shortages further widen regional disparities: vacancy rates climb above 10% in Atlantic Canada, leading to longer appointment backlogs despite hardware upgrades. Decentralized cyclotron investment will alleviate some supply pressure by 2031, yet Ontario鈥檚 mature academic ecosystem retains first-mover advantage, maintaining the province鈥檚 status as the innovation hub of the Canada nuclear imaging market.

Competitive Landscape

The Canadian nuclear imaging market has a moderate concentration profile. Competition revolves around detector efficiency, axial field of view, and bundled AI analytics. GE鈥檚 32 cm Omni Legend emphasizes shorter scan times, Siemens鈥 106 cm-long Vision Quadra targets total-body kinetics, Philips favors low-dose workflow integration, and Canon leverages Aquilion-based CT back-ends for PET/CT. On the isotope side, BWXT Medical, Nordion, Jubilant Radiopharma, Lantheus, and Curium carve overlapping niches. BWXT鈥檚 Target Delivery System in Darlington produces molybdenum-99, yttrium-90, and indium-111 for generator assembly. Lantheus recorded USD 136.5 million in PYLARIFY revenue in Q3 2024, a 59% year-over-year spike that confirms commercial appetite for PSMA tracers.

Future white-space centers on theranostics and ultra-short-lived isotopes. Bruce Power鈥檚 October 2025 expansion of lutetium-177 production positions Canada as a potential net exporter of therapeutic isotopes. Kinectrics鈥 September 2025 completion of a ytterbium-176 enrichment line provides domestic supply for lutetium-177 precursors, guarding against foreign-source risk. Smaller challengers like Advanced Cyclotron Systems Inc. target regional isotope production to shrink last-mile delivery delays. Regulatory barriers remain significant: Health Canada鈥檚 12- to 18-month approval pathway favors well-resourced incumbents, yet investigator-initiated academic trials on copper-64 and zirconium-89 could pave the way for new entrants by the end of the decade. With provincial health authorities embracing dose-reducing digital detectors, vendors that bundle AI applications and flexible financing are well placed to defend share.

Canada Nuclear Imaging Industry Leaders

  1. GE Healthcare

  2. Koninklijke Philips N.V.

  3. Siemens Healthineers

  4. Jubilant Radiopharma

  5. BWXT Medical

  6. *Disclaimer: Major Players sorted in no particular order
Canada Nuclear Imaging Market Concentration
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Recent Industry Developments

  • January 2026: BWXT Medical announced first commercial shipments of domestically produced technetium-99m generators from its Darlington facility, marking a milestone in Canadian isotope self-sufficiency.
  • October 2025: Bruce Power confirmed a major expansion of lutetium-177 production capacity to support global demand for prostate-cancer theranostics.
  • September 2025: Kinectrics, a BWXT division, completed a facility expansion to become North America鈥檚 sole source of enriched ytterbium-176 feedstock for lutetium-177 manufacturing.

Table of Contents for Canada Nuclear Imaging Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Prevalence of Cancer & CVD
    • 4.2.2 Rising Adoption of Hybrid PET/CT & SPECT/CT
    • 4.2.3 Government Investments in Radio pharma Capacity
    • 4.2.4 Digital Detector Innovations Lowering Dose
    • 4.2.5 Expansion of Non-F-18 Cyclotron Isotope Use
    • 4.2.6 U.S.鈥揅anada Border Medical Tourism Demand
  • 4.3 Market Restraints
    • 4.3.1 Radio-Isotope Supply Risks Post-NRU Closure
    • 4.3.2 High Capex & OPex of Hybrid Scanners
    • 4.3.3 Health Canada Regulatory Approval Timelines
    • 4.3.4 Shortage of Certified NM Technologists
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter鈥檚 Five Forces Analysis
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Suppliers
    • 4.7.3 Bargaining Power of Buyers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry

5. Market Size & Growth Forecasts (Value in USD)

  • 5.1 By Modality
    • 5.1.1 Positron Emission Tomography (PET)
    • 5.1.2 Single Photon Emission CT (SPECT)
    • 5.1.3 Hybrid PET/CT
    • 5.1.4 Hybrid SPECT/CT
    • 5.1.5 Others (e.g., PET/MR)
  • 5.2 By Component
    • 5.2.1 Equipment
    • 5.2.2 Software
    • 5.2.3 Accessories & Consumables
  • 5.3 By Radio-isotope
    • 5.3.1 Fluorine-18
    • 5.3.2 Technetium-99m
    • 5.3.3 Iodine-123/131
    • 5.3.4 Gallium-68
    • 5.3.5 Rubidium-82
    • 5.3.6 Others
  • 5.4 By Application
    • 5.4.1 Oncology
    • 5.4.2 Cardiology
    • 5.4.3 Neurology
    • 5.4.4 Endocrinology
    • 5.4.5 Others
  • 5.5 By End User
    • 5.5.1 Hospitals
    • 5.5.2 Diagnostic Imaging Centers
    • 5.5.3 Academic & Research Institutes
    • 5.5.4 Others

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.3.1 Advanced Cyclotron Systems Inc.
    • 6.3.2 Bracco Imaging S.p.A.
    • 6.3.3 BWXT Medical Ltd.
    • 6.3.4 Canon Medical Systems Corporation
    • 6.3.5 CPDC
    • 6.3.6 Curium Pharma
    • 6.3.7 Cyclomedica Canada Inc.
    • 6.3.8 Eckert & Ziegler Radiopharma
    • 6.3.9 GE HealthCare
    • 6.3.10 Isologic Innovative Radiopharmaceuticals
    • 6.3.11 IsoTherapeutics Group LLC
    • 6.3.12 Jubilant Radiopharma (DraxImage)
    • 6.3.13 Koninklijke Philips N.V.
    • 6.3.14 Lantheus Holdings Inc.
    • 6.3.15 Nordion (Canada) Inc.
    • 6.3.16 Siemens Healthineers
    • 6.3.17 Spectrum Dynamics Medical
    • 6.3.18 TRIUMF Innovations
    • 6.3.19 United Imaging Healthcare

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-Need Assessment

Canada Nuclear Imaging Market Report Scope

Nuclear imaging is a non-invasive diagnostic method that uses radiotracers to evaluate organ function and structure at the cellular level, focusing on metabolic activity, blood flow, and tissue functionality.

The Canada Nuclear Imaging Market Report is segmented by Modality, Component, Radio鈥慽sotope, Application, and End User. By Modality, the market is segmented into Positron Emission Tomography, Single Photon Emission CT, Hybrid PET/CT, Hybrid SPECT/CT, and Others. By Component, the market is segmented into Equipment, Software, and Accessories & Consumables. By Radio鈥慽sotope, the market is segmented into Fluorine鈥18, Technetium鈥99m, Iodine鈥123/131, Gallium鈥68, Rubidium鈥82, and Others. By Application, the market is segmented into Oncology, Cardiology, Neurology, Endocrinology, and Others. By End User, the market is segmented into Hospitals, Diagnostic Imaging Centers, Academic & Research Institutes, and Others. Market Forecasts are Provided in Terms of Value (USD).

By Modality
Positron Emission Tomography (PET)
Single Photon Emission CT (SPECT)
Hybrid PET/CT
Hybrid SPECT/CT
Others (e.g., PET/MR)
By Component
Equipment
Software
Accessories & Consumables
By Radio-isotope
Fluorine-18
Technetium-99m
Iodine-123/131
Gallium-68
Rubidium-82
Others
By Application
Oncology
Cardiology
Neurology
Endocrinology
Others
By End User
Hospitals
Diagnostic Imaging Centers
Academic & Research Institutes
Others
By ModalityPositron Emission Tomography (PET)
Single Photon Emission CT (SPECT)
Hybrid PET/CT
Hybrid SPECT/CT
Others (e.g., PET/MR)
By ComponentEquipment
Software
Accessories & Consumables
By Radio-isotopeFluorine-18
Technetium-99m
Iodine-123/131
Gallium-68
Rubidium-82
Others
By ApplicationOncology
Cardiology
Neurology
Endocrinology
Others
By End UserHospitals
Diagnostic Imaging Centers
Academic & Research Institutes
Others

Key Questions Answered in the Report

How large is the Canada nuclear imaging market in 2026 and where is it headed?

The market stood at USD 363.38 million in 2026 and is forecast to reach USD 492.83 million by 2031 at a 6.28% CAGR.

Which modality is growing fastest in Canadian nuclear imaging?

Hybrid PET/MR adds the most momentum, advancing at a 10.24% CAGR thanks to superior neuro-oncology and inflammatory-disease applications.

What is driving the strong uptake of gallium-68 tracers?

Health Canada approvals for PSMA theranostics, provincial cyclotron investments, and reimbursement for DOTATATE imaging are propelling gallium-68 demand.

Why are software platforms outpacing hardware revenue growth?

AI-driven reconstruction and workflow tools sold on subscription cut reading time and boost scanner throughput, creating recurring revenue that grows at 9.57% annually.

How are isotope supply risks being mitigated post-NRU reactor closure?

New cyclotron facilities in British Columbia and Alberta, TRIUMF鈥檚 isotope-ecosystem funding, and BWXT鈥檚 Darlington molybdenum-99 production collectively reduce reliance on overseas reactors.

Which provinces are investing most heavily in nuclear-medicine capacity?

Ontario, British Columbia, and Alberta lead with scanner additions and cyclotron builds, while Quebec maintains strong in-house cyclotron infrastructure.

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