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 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 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 market 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.

  • Imports will continue to decline in US dollar terms, having exhibited a y-o-y fall for seven successive quarters. Imports fell by 7.3% y-o-y to USD1,228.9mn over the third quarter of 2015.

  • Canadian exports are exhibiting growth, having increased over the two quarters against a backdrop of currency depreciation. Exports increased by 1.8% y-o-y in US dollar terms to USD408.3mn over the third quarter of 2015.

  • The healthcare market will benefit from the newly elected government's ease off on austerity. Private spending on healthcare will marginally outpace that of the public sector and account for a growing percentage of the market. Anticipated higher fiscal spending and tax cuts will reduce economic pressure on households and boost private healthcare expenditure.

BMI Industry View
7
SWOT
11
Medical Device Market SWOT
11
Political
12
Economic
13
Industry Forecast
14
Medical Device Market Forecast
14
Table: Projected Medical Device Market, 2014-2019
14
2009-2014 Performance
15
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
16
Consumables Market Forecast
21
Bandages & Dressings
21
Suturing Materials
21
Syringes, Needles & Catheters
22
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
23
Table: Consumables Market, 2010-2019 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
25
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
27
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
29
Dental Products Market Forecast
30
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
31
Table: Dental Products Market, 2010-2019 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
36
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
39
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
41
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s, % Change)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s, % Change)
50
Table: Top 20 Medical Device Suppliers, 2014 (USD 000s)
52
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD 000s)
53
Table: Detailed Medical Device Import Trends By Product Area, 2014
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD 000s)
59
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, April 2012-March 2015 (USDmn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2010-2014 (USD 000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
70
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
71
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
72
Table: Top 20 Medical Device Destinations, 2014 (USD 000s)
74
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD 000s)
75
Table: Detailed Medical Device Export Trends By Product Area, 2014
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
81
Table: Detailed Medical Device Balance Of Trade, 2010-2014 (USD000s)
84
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, April 2012-March 2015 (USDmn)
87
Macroeconomic Forecasts
89
Macroeconomic Forecast
89
Table: Canada Macroeconomic Forecasts
92
Table: Average Oil Price Forecasts (USD/bbl)
94
Table: Private Consumption Forecasts
97
Table: Government Consumption Forecasts
98
Table: Fixed Investment Forecasts
98
Table: Net Exports Forecasts
99
Industry Risk/Reward Index
100
Table: Americas Medical Device Risk/Reward Index, Q415
101
Market Overview
102
Medical Device Market Overview
102
Table: Medical Device Market, Key Ratios, 2014
102
Table: Medical Device Market By Product Area, 2014
103
Healthcare Overview
104
Health Status
104
Healthcare System
105
Healthcare Expenditure
107
Healthcare Resources
109
Table: Diagnostic Imaging Technology By Type, 2005-2012
111
Healthcare Activity
113
Healthcare Personnel
113
Key Healthcare Data
114
Table: Key Healthcare Data, 2009-2014
114
Industry Trends & Developments
119
Table: Top Ten Reasons For Inpatient Hospitalisation, 2013-2014
125
Table: Top Ten Inpatient Surgeries 2013-2014
125
Table: New Medical Device Applications 2010-2014
128
Regulatory Development
129
Medical Device Regulations
129
Table: New Medical Device Applications 2010-2014
131
Competitive Landscape
136
Domestic Medical Device Production
136
Table: Canadian Manufacturers' Sales Of Own-Manufactured Medical Equipment, 2003-2014
137
National Medical Device Manufacturers
138
Multinational Medical Device Manufacturers
150
Multinational Market Activity
152
Table: Multinational Market Activity, 2015
152
Medical Device Market Access
154
Distribution
154
Trade Associations
155
Trade Shows
156
Methodology
157
Forecast Methodology
157
Trade Code Classifications
158
Table: Rearranged HS Trade Codes
159
Risk/Reward Index Methodology
162
Table: Medical Devices Risk/Reward Index Indicators
163
Sources
165
Contact
166

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.