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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 | Apr 2014

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

IBISWorld’s Medical Device Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 09-14
-2.3%
Annual Growth 14-19
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Profit
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Employment
19,372
Businesses
682
Industry Analysis & Industry Trends

The five years to 2014 have been difficult for the Medical Device Manufacturing industry. While industry products are nondiscretionary, the recession and its effects on key exports markets along with slow growth in total health expenditure negatively affected the industry. However, because Canada houses some of the world's best scientific research institutions as well as a great deal of experienced researches, the next five years are expected to generate better conditions for the industry overall... purchase to read more

Industry Report - Industry Products Chapter

A number of firms operating within the industry specialize in cardiovascular devices, medical imaging, in vitro diagnostics, dental implants and materials and assistive devices for home healthcare. Canada has been a world leader in the field of in vitro diagnostics, which are tests that can detect diseases, conditions or infections. For example, MedMira, a developer of rapid diagnostic technology and solutions, developed a flow-through rapid diagnostic HIV test, the only such product with regulatory approval in Canada, the United States, China and the European Union... 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
Spinal devicesCardiovascular devicesNeuromodulation devicesIrradiation devicesAnesthesia and respiratory 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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