Canada Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Canada Medical Devices Report
Product Price
$1,295.00

BMI View : C anada has a sophisticated and well established medical device market which ranks eigh th in the world in terms of value. We forecast that the market will register moderate growth in US dollar terms over the forecast period , which reflects a subdued economic outlook .

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 6,508.0 181.1 8,304.0 231.1 1.3
2016 6,701.1 184.7 8,711.4 240.1 1.3
2017 7,079.3 193.3 9,132.3 249.3 1.3
2018 7,482.7 202.5 9,577.8 259.2 1.3
2019 7,838.8 210.2 10,033.6 269.1 1.3
2020 8,212.1 218.4 10,511.5 279.6 1.3

Latest Updates And Key Forecasts

  • We have revised our forecast downwards and now expect the market to grow at a 2015-2020 CAGR of 4.8% in local currency terms, which should see it rise to CAD10.5bn in 2020. This is lower than the CAGR of 6.5% recorded in the 2010-2015 period and reflects a subdued economic outlook over our forecast period.

  • We note that imports have contracted y-o-y in US dollar terms in every quarter since Q213. Imports fell by 6.5% y-o-y to USD1.3bn in Q216.

  • We note that exports continue to exhibit growth in US dollar terms against a backdrop of currency depreciation. Exports increased by 0.6% y-o-y to just under USD0.5bn in Q216.

  • Ontario's CAD20mn Health Technologies Fund is accepting applications from Health Innovation Teams (HITs) to support the development of market-ready health technologies by accelerating prototyping, evaluation and adoption in the Ontario healthcare system. Notifications to proceed to full application must be submitted by September 26 2016.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market SWOT
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
14
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2009-2019 (USDmn)
20
Table: Consumables Market, 2010-2019 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
23
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
25
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2009-2019 (USDmn)
29
Table: Dental Products Market, 2010-2019 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
35
Latest Updates
35
Structural Trends
35
Portable Aids
35
Therapeutic Appliances
36
Table: Patient Aids Market, 2009-2019 (USDmn)
36
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
37
Other Medical Devices Market Forecast
39
Latest Updates
39
Structural Trends
39
Table: Other Medical Devices Market, 2009-2019 (USDmn)
40
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2014 (USD 000s)
49
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD 000s)
50
Table: Detailed Medical Device Import Trends By Product Area, 2014
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD 000s)
56
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, Year Ending March 2016 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2010-2014 (USD 000s)
65
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
66
Table: Top 20 Medical Device Destinations, 2014 (USD 000s)
68
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD 000s)
69
Table: Detailed Medical Device Export Trends By Product Area, 2014
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
75
Table: Detailed Medical Device Balance Of Trade, 2010-2014 (USD000s)
78
Monthly Medical Device Exports
81
Table: Monthly Medical Device Exports By Product Area, Year Ending March 2016 (USDmn)
81
Industry Risk/Reward Index
82
Table: Americas Medical Device Risk/Reward Index, Q316
83
Market Overview
84
Medical Device Market Overview
84
Table: Medical Device Market, Key Ratios, 2015
84
Table: Medical Device Market By Product Area, 2015
85
Healthcare Overview
86
Health Status
86
Healthcare System
87
Healthcare Expenditure
88
Healthcare Resources
90
Table: Diagnostic Imaging Technology By Type, 2005-2012
91
Healthcare Activity
92
Healthcare Personnel
92
Key Healthcare Data
93
Table: Key Healthcare Data, 2009-2015
93
Industry Trends & Developments
95
Table: Canadian Manufacturers' Sales Of Own-Manufactured Medical Equipment, 2013-2015
98
Regulatory Development
101
Medical Device Regulations
101
Competent Authority
101
Regulations
101
Table: New Medical Device Applications 2010-2014
104
Pricing & Reimbursement
107
Pricing & Reimbursement
107
Health Technology Assessment
108
Procurement
108
Competitive Landscape
109
Domestic Medical Device Production
109
Table: Canadian Manufacturers' Sales Of Own-Manufactured Medical Equipment, 2003-2015
109
Domestic Medical Device Manufacturing
110
Medical Device Industry Clusters
110
National Medical Device Manufacturers
111
BpTRU Medical Devices
111
Covalon Technologies
111
Epocal
111
Imaging Dynamics
112
Kardium
112
Klox Technologies
112
Laborie Medical Technologies
113
MedX Health
113
Neovasc
113
Novadaq Technologies
114
Photon Control
115
Progressive Health Innovations
116
Pyng Medical
116
Theralase Technologies
116
Zecotek Photonics
117
Multinational Medical Device Manufacturers
118
Abbott Point of Care
118
Analogic
118
Baxter
118
Becton Dickinson
119
Deerfield Imaging CANADA
119
Johnson & Johnson
120
LivaNova
120
McKesson
120
Medtronic
121
Roper Industries
121
Smith & Nephew
121
Sonova
122
Sterigenics
122
Stryker
123
Multinational Market Activity
124
B
124
Boston Scientific
124
General Electric
124
Philips
125
Siemens
125
Zimmer Biomet
125
Medical Device Market Access
126
Distribution
126
Trade Associations
127
Trade Agreement
127
Trade Shows
128
Methodology
129
Forecast Methodology
129
Trade Code Classifications
130
Table: Rearranged HS Trade Codes
131
Risk/Reward Index Methodology
134
Table: Medical Devices Risk/Reward Index Indicators
135
Sources
137
Contact
138

The Canada Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Canada provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Canada Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Canada, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Canada.
  • Target Business Opportunities in the Canada Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Canada.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.