Medical Technology in Canada
Canada has a world-class medical technologies industry with more than 2,000 medtech companies developing and manufacturing solutions for better health.
Canada's medical device market is the eighth largest in the world, with the medical device manufacturing industry valued at $7.3bn in 2024 and the lowest-cost G7 country for companies who specialize in biotechnology, prduct testing and clinical trials.
Canada unterstands the need for a well-integrated strategy that links research and development to the commercialization of medical technology innovations by
- Creating value-based procurement at home while also expanding export opportunities
- Ensuring a streamlined regulatory process that increasingly aligns with global standards and
investments in leading-edge technololgies in key sectors - Offering world-class expertise, with highly qualified researchers working out of advanced facilities to develop and commercialize innovative medical devices.
The Canadian advantage: A dynamic medical technology industry built on a strong tradition of research, development and commercialization of innovative technologies. With the advantage of a streamlined regulatory system, Canadian medical technology companies are developing products that save lives at home and around the world.
Areas of strength:
- Robotic Surgery
- Medical & Diagnostic Imaging
- Cardiovascular Devices
- Assistive & Rehabilitative Devices
- AI in Healthcare / Machine Learning
- Digital Health
