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 Key Buyers Chapter
The Medical Device Manufacturing industry is primarily composed of small- and medium-size enterprises. The Medical Device Manufacturing industry is mainly composed of small and medium-size operators, with about 67.4% employing fewer than 20 workers and only about 5.2% employing more than 100 people. Small operators are common in this type of industry and typically specialize in developing technology and products for a niche area. Larger players frequently seek to acquire these firms to expand their product offerings or gain access to a particular technology.
IBISWorld estimates the top two companies will generate less than 5.0% of total industry revenue in 2014... purchase to read more