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 grow in the five years to 2022. 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 - Starting a New Business Chapter
Access to capital
Obtaining stable and sustained financing through the initial prototype and product development phase can serve as another barrier for start-up medical device companies. Cash-strapped operators seek partnerships with universities and academic institutions, where the majority of government-provided funding is concentrated. However, due to the structure and the size of academic and clinical centres, new players may face difficulty in achieving collaboration, which is essential to the survival and growth of any medical device company.
Furthermore, start-up companies find it more difficult today than in the past to acquire the capital required to commercialize new products. In .. purchase to read more