Canada Medical Devices Report

Published 14 May 2015

  • 160 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Canada Medical Devices Report

BMI Industry View : Canada has a sophisticated and well established medical device market which ranks ninth in the world in terms of value. The market is e xpected to grow at a CAGR of 4.0 % over the 2013-2018 period. This steady growth should see the balance of trade deficit widen owing to Canada's reliance upon imports.

Headline Industry Forecasts

  • Canada's medical device market ranks as the ninth largest in the world. In 2013, the medical device market was estimated at USD6.8bn, equal to USD195 per capita. The market is projected to increase at a CAGR of 4.0% to reach USD8.3bn by 2018. Around 80% of the market is supplied by imports, principally from the USA.

  • Canada imported medical equipment and supplies valued at USD5.5bn in 2013. This marked an increase in US dollar terms of 0.1% over 2012. In CAGR terms, imports expanded by a rate of 4.9% in the 2008-2013 period. According to the latest monthly trade data, the running annual import total reached USD5,477.3mn in 2014, representing a y-o-y US dollar decline of 3.0%.

  • Canadian exports of medical devices totalled USD1.7bn in 2013, an increase of 4.2% in US dollar terms over 2012. The CAGR in US dollar terms for the 2008-2013 period was 1.3%. According to the latest monthly trade data, the running annual export total reached USD1,692.6mn in 2014, representing marginal y-o-y US dollar growth of 0.4%.

  • There are around 1,000 manufacturers of medical devices in Canada, employing approximately 26,000 people at 1,100 facilities across the country. The larger companies, although small in number, employ around 43% of the workforce. The majority of the industry is concentrated in Southern Ontario and Quebec and to a lesser extent British Colombia. In 2012, according to data from Statistics Canada, domestic production of medical equipment and supplies was estimated at CAD2,708mn (USD2,708mn).

Headline Industry Risk/Reward Index

  • Canada is one of the most attractive markets in the Americas for...

Table of Contents

BMI Industry View
7
SWOT
10
Medical Device Market SWOT
10
Political
11
Economic
12
Industry Forecast
13
Medical Device Market Forecast
13
Table: Projected Medical Device Market, 2013-2018
15
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
16
Consumables Market Forecast
20
Bandages & Dressings
20
Suturing Materials
20
Syringes, Needles & Catheters
20
Other Consumables
21
Table: Consumables Market, 2008-2018 (USDmn)
21
Table: Consumables Market, 2009-2018 (USDmn % Change)
22
Diagnostic Imaging Market Forecast
23
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
25
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
26
Dental Products Market Forecast
27
Capital Equipment
27
Instruments & Supplies
28
Table: Dental Products Market, 2008-2018 (USDmn)
28
Table: Dental Products Market, 2009-2018 (USDmn % Change)
29
Orthopaedics & Prosthetics Market Forecast
30
Fixation Devices
30
Artificial Joints
31
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
31
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
32
Patient Aids Market Forecast
33
Portable Aids
33
Therapeutic Appliances
33
Table: Patient Aids Market, 2008-2018 (USDmn)
34
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
34
Other Medical Devices Market Forecast
35
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
37
Annual Medical Device Imports
39
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
42
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s, % Change)
43
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
45
Table: Top 20 Medical Device Suppliers, 2013 (USD 000s)
47
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD 000s)
48
Table: Detailed Medical Device Import Trends By Product Area, 2013
51
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD 000s)
54
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, December 2011-December 2014 (USDmn)
58
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2009-2013 (USD 000s)
64
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change)
65
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
67
Table: Top 20 Medical Device Destinations, 2013 (USD 000s)
68
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD 000s)
69
Table: Detailed Medical Device Export Trends By Product Area, 2013
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (USD000s)
76
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (USD000s)
79
Monthly Medical Device Exports
82
Table: Monthly Medical Device Exports By Product Area, December 2011-December 2014 (USDmn)
82
Macroeconomic Forecasts
84
Economic Analysis
84
Table: Canada - Real GDP Growth Forecasts, %
84
Table: GDP By Expenditure (Canada 2012-2019)
93
Industry Risk/Reward Index
94
Table: Americas Medical Device Risk/Reward Index, Q315
95
Market Overview
96
Medical Device Market Overview
96
Table: Medical Device Market, Key Ratios, 2013
97
Table: Medical Device Market By Product Area, 2013
97
Healthcare Overview
98
Health Status
98
Healthcare System
99
Healthcare Expenditure
101
Healthcare Resources
103
Table: Diagnostic Imaging Technology By Type, 2005-2012
105
Healthcare Activity
107
Healthcare Personnel
107
Key Healthcare Data
108
Table: Key Healthcare Data, 2009-2014
108
Industry Trends & Developments
113
Table: Top Ten Reasons For Inpatient Hospitalisation, 2013-2014
118
Table: Top Ten Inpatient Surgeries 2013-2014
118
Table: New Medical Device Applications 2010-2014
121
Regulatory Development
124
Medical Device Regulations
124
Table: New Medical Device Applications 2010-2014
126
Competitive Landscape
130
Domestic Medical Device Production
130
Table: Canadian Manufacturers' Sales Of Own-Manufactured Medical Equipment, 2003-2014
131
National Medical Device Manufacturers
132
Multinational Medical Device Manufacturers
144
Multinational Market Activity
146
Table: Multinational Market Activity, 2015
146
Medical Device Market Access
148
Distribution
148
Trade Associations
148
Trade Shows
149
Methodology
150
Forecast Methodology
150
Trade Code Classifications
151
Table: Used HS Trade Codes
151
Table: Rearranged HS Trade Codes
153
Risk/Reward Index Methodology
156
Table: Medical Devices Risk/Reward Index Indicators
157
Sources
159
Contact
160

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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc