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 2020. 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 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 does not expect any one industry company to generate more than 5.0% of total industry revenue in 2015... purchase to read more