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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

Medical device manufacturers have struggled over the five years to 2014. Medical devices have an essential role in the healthcare sector, but the recession, coupled with declining total health expenditure and capital investments, has hampered growth for a number of industry operators. During the five years to 2014, IBISWorld expects industry revenue to contract at an average annual rate of 2.3% to $4.0 billion. However, revenue is expected to grow 3.6% in 2014 as a result of the improving economic climate.

Demographics drive demand

Despite the industry's setbacks, the aging population has contributed to market growth; as individuals age, they are more prone to develop chronic diseases that require medical treatment... 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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