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 : Canada has a sophisticated and well established market which ranks eigh th in the world in terms of value. We maintain that the market will grow at a CAGR of 4.0% in US dollar terms over the 2014-2019 period. This steady growth should see the balance of trade deficit widen owing to Canada's reliance upon imports.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 6,719.6 189.2 7,422.7 208.9 1.1
2015 6,157.0 171.6 7,757.8 216.3 1.3
2016 6,557.5 181.0 8,131.3 224.5 1.2
2017 7,119.1 194.6 8,542.9 233.6 1.2
2018 7,802.0 211.3 8,972.3 243.0 1.2
2019 8,191.1 219.8 9,419.8 252.7 1.2

Latest Updates And Key Forecasts

  • We forecast that the market will grow at a 2014-2019 CAGR of 4.0% in US dollar terms, which will increase the value from USD6.7bn in 2014 to USD8.2bn in 2019. The lower US dollar growth reflects a weakening of the Canadian dollar against the US dollar at the start of our forecast period.

  • We note that imports have exhibited contractions in US dollar terms in eight successive quarters. Imports fell by 7.3% USD1.3bn in Q315.

  • We note that exports are exhibiting growth in US dollar terms, having increased over the two quarters against a backdrop of currency depreciation. Exports increased by 1.8% to USD0.4bn in Q315.

  • In 2015, domestic production increased by 2.1% to CAD3.1bn. Due to the weakness of the Canadian dollar, this resulted in a 10.1% decrease when measured in US dollars, to USD2.5bn.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
Latest Updates And Key Forecasts
7
SWOT
8
Medical Device Market SWOT
8
Industry Forecast
10
Medical Device Market Forecast
10
Latest Updates
10
Structural Trends
10
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
11
Consumables Market Forecast
16
Latest Updates
16
Structural Trends
16
Bandages & Dressings
16
Suturing Materials
17
Syringes, Needles & Catheters
17
Other Consumables
17
Table: Consumables Market, 2009-2019 (USDmn)
18
Table: Consumables Market, 2010-2019 (USDmn % Change)
19
Diagnostic Imaging Market Forecast
21
Latest Updates
21
Structural Trends
21
Electrodiagnostic Apparatus
21
Radiation Apparatus
22
Imaging Parts & Accessories
22
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
23
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
24
Dental Products Market Forecast
26
Latest Updates
26
Structural Trends
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2009-2019 (USDmn)
27
Table: Dental Products Market, 2010-2019 (USDmn % Change)
28
Orthopaedics & Prosthetics Market Forecast
30
Latest Updates
30
Structural Trends
30
Fixation Devices
30
Artificial Joints
30
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
31
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
31
Patient Aids Market Forecast
33
Latest Updates
33
Structural Trends
33
Portable Aids
33
Therapeutic Appliances
34
Table: Patient Aids Market, 2009-2019 (USDmn)
34
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
35
Other Medical Devices Market Forecast
37
Latest Updates
37
Structural Trends
37
Table: Other Medical Devices Market, 2009-2019 (USDmn)
38
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
39
Annual Medical Device Imports
41
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
44
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
45
Table: Top 20 Medical Device Suppliers, 2014 (USD 000s)
47
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD 000s)
48
Table: Detailed Medical Device Import Trends By Product Area, 2014
51
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD 000s)
54
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, Year Ending September 2015 (USDmn)
58
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2010-2014 (USD 000s)
63
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
64
Table: Top 20 Medical Device Destinations, 2014 (USD 000s)
66
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD 000s)
67
Table: Detailed Medical Device Export Trends By Product Area, 2014
70
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
73
Table: Detailed Medical Device Balance Of Trade, 2010-2014 (USD000s)
76
Monthly Medical Device Exports
79
Table: Monthly Medical Device Exports By Product Area, Year Ending September 2015 (USDmn)
79
Industry Risk/Reward Index
80
Table: Americas Medical Device Risk/Reward Index, Q216
81
Market Overview
82
Medical Device Market Overview
82
Table: Medical Device Market, Key Ratios, 2014
82
Table: Medical Device Market By Product Area, 2014
83
Healthcare Overview
84
Health Status
84
Healthcare System
85
Healthcare Expenditure
86
Healthcare Resources
88
Table: Diagnostic Imaging Technology By Type, 2005-2012
89
Healthcare Activity
90
Healthcare Personnel
90
Key Healthcare Data
91
Table: Key Healthcare Data, 2009-2015
91
Industry Trends & Developments
93
Table: Canadian Manufacturers' Sales Of Own-Manufactured Medical Equipment, 2013-2015
95
Regulatory Development
97
Medical Device Regulations
97
Competent Authority
97
Regulations
97
Table: New Medical Device Applications 2010-2014
99
Competitive Landscape
104
Domestic Medical Device Production
104
Table: Canadian Manufacturers' Sales Of Own-Manufactured Medical Equipment, 2003-2015
104
Domestic Medical Device Manufacturing
105
Medical Device Industry Clusters
105
National Medical Device Manufacturers
105
Multinational Medical Device Manufacturers
116
Multinational Market Activity
119
Table: Multinational Market Activity, 2016
119
Medical Device Market Access
122
Distribution
122
Trade Associations
123
Trade Agreement
123
Trade Shows
124
Methodology
125
Forecast Methodology
125
Trade Code Classifications
126
Table: Rearranged HS Trade Codes
127
Risk/Reward Index Methodology
130
Table: Medical Devices Risk/Reward Index Indicators
131
Sources
133
Contact
134

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.