The Canadian Medical Device Industry

A study by Procomer analyzes the market for the manufacture of medical devices in the North American country, made up of 5,348 companies, of which 91% are small businesses.

Friday, November 17, 2017

From the executive summary of the Procomer study "Medical Device Industry in Canada": 

The Canadian medical device industry, was valued at $ USD3.107 million in 2015, it is characterized by being integrated to all the links of the value chain, from applied research to the manufacture of the final product, favored by factors such as availability of human talent, the facility for carrying out clinical studies and a collaborative environment between industry, government and research centers.

This sector is composed of 5,348 manufacturing companies (91% small) among which are multinational companies that have settled in Canada taking advantage of the advantages of investing in the country, as well as a broad coverage of their health system. Given these conditions, medical device companies in Canada, have as their main market the health system (hospitals and clinics), concentrated in the provinces of Ontario and Quebec, which collectively account for 61% of health spending and more than 51% of hospitals in the country.

Read full study (in Spanish).

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