Medical Device Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical Device Manufacturing in Canada Market Research Report | NAICS 33451bCA | Jan 2016

Cutting edge: The aging population and innovation will spur growth, despite regulatory pressure

IBISWorld’s Medical Device Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

Given its financial stability and abundant resources, Canada has the potential to grow into a hub for medical device innovation. Canada is home to some of the world's most recognized scientific research institutions and a large number of experienced, highly trained researchers. These strengths, coupled with government tax incentives for medical technology development, will lead to revenue to growth in the five years to 2021. Consolidation activity will likely remain robust, although not due to the economic hurdles the industry faced in the past; instead, most acquisitions will be spurred on by a desire on behalf of large companies to acquire the most cutting-edge technological developments... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Over the 10 years to 2021, IBISWorld projects that the Medical Device Manufacturing industry's contribution to the overall economy (also called industry value-added) will contract at an average annual rate of 0.6%. Although this decline goes against the projected increase in Canadian GDP over the 10 years to 2021 (1.9%), industry revenue declines in 2011 and 2014 have artificially kept the industry's 10-year growth rate low. In fact, industry value-added is expected to grow 1.2% per year on average during the five years to 2021, spurred on by demographic trends and new product development. Given this artificially low rate of industry contribution, the Medical Device Manufacturing industry is in the growth stage of its industry lifecycle... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Medical Device Manufacturing Industry?

This industry includes manufacturers of electromedical and electrotherapeutic apparatus, such as magnetic resonance imaging equipment, medical ultrasound equipment, pacemakers, hearing aids, electrocardiographs and electromedical endoscopic equipment. The industry also manufactures irradiation apparatus and tubes for medical diagnosis, medical therapy, industrial research and scientific evaluation.

Industry Products
Cardiovascular devicesNeuromodulation devicesIrradiation devicesAnesthesia and respiratory devicesDiabetes DevicesSpinal devices
Industry Activities
Researching and developing medical, diagnostic and therapeutic apparatusFabricating medical, diagnostic and therapeutic apparatusMarketing, distributing and selling medical, diagnostic and therapeutic apparatus

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