Canada ’s Medical Devices Industry is profitable and innovative

Canada ’s medical devices industry is growing. Canada is a technologically advanced nation with a very well educated workforce. In addition to this sizeable infrastructure, Canada offers a fair and ethical regulatory environment and the most favourable tax treatment for R&D; spending.

Many global medical devices companies such as 3M, Bard, i-STAT, McKesson, Baxter, Siemens, Sulzer Mitroflow, Tyco and St. Jude have invested in Canada to take advantage of Canada’s unique business advantages.

• The Canadian medical devices sector benefits from the strengths of associated industries such as biotechnology and telecommunications.
• Canada maintains and continues to invest in a world-class research infrastructure, creating a strong knowledge base, which has contributed to international recognition in a number of segments of the medical device industry.
• Canada offers the most cost-competitive business environment for medical device manufacturing. (Source: KPMG 2004 business cost study)
• Canada also has the distinct advantage of being located right next to the world’s largest medical devices market, and through its advantageous trade agreements provides access to these markets.

“ Canada is a rich and diverse nation with a well-educated population. Not only do Canada’s advanced technology and skilled work force make for topnotch product manufacturing, Canadian regulators also provide fair and ethical guidelines for producing excellent health products. We think that has helped MedMira come up with products that are demonstrably second to none.”

Stephen Sham, CEO
MedMira Inc.

Discover why so many foreign investors have invested in Canada’s vibrant and innovative Medical Devices Industry:

• Industry : A dynamic medical devices industry
• Recognized Strengths : Canada’s market success is recognized around the world
• R&D; : Canadian technology and R&D; strengths
• Cost Advantage : A cost-competitive business climate  
• Government Support : Federally-funded research support programs
• Workforce : A skilled workforce
• Markets : Access to North American markets
• Regulations : A regulatory environment conducive to business
• Key Resources
• Success Stories

Key Web Resources

• Industry Canada: Medical Devices Industry
  Industry Overview, Key Statistical Data, Events, Resources

Publications

• MEDICAL DEVICES. CALIBRATING HEALTHY RETURNS.
  A two-page fact sheet that showcases Canada's positive sector-based results in the KPMG 2006 study and also highlights Canada's non-cost location advantages. PDF
• The Canadian Medical Devices Industry
  20-page presentation outlines programs and policies supporting growth in this sector.

Contact an Investment Specialist from the Life Sciences Branch
Mary Boreskie
Senior Industry Development Officer
Tel: (613) 952-2022
Fax: (613) 952-4209