Medical Device Manufacturing in Canada - Industry Market Research Report

Medical Device Manufacturing in Canada - Industry Market Research Report


Medical Device Manufacturing in Canada

Canadian medical device manufacturers have endured volatile performance through the current period. Given the essential nature of medical devices, higher total health expenditure and the Canadian dollar's depreciation were boons for manufacturers. While steady demand from the healthcare sector and an aging population often insulates manufactures from large economic fluctuations, the pandemic created notable disruptions; healthcare providers shifted resources to battle the pandemic, contributing to an overall drop in revenue. Ongoing supply chain issues for key components of medical devices, especially semiconductors, also weighed on performance. As the broader economy and healthcare sector recovers, medical device manufacturers will swiftly rebound. Revenue contracted at an expected CAGR of 0.7% to $6.5 billion through the current period, despite a 3.7% rally in 2023 as demand for medical devices recovers.

The industry primarily comprises 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 environmental controls and regulators, signal testing apparatus, drafting instruments, industrial process control instruments and surveying and geophysical instruments.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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