The Medical Device sector in Canada is booming. Canada’s Medical Device sector encompasses more than 1,500 firms employing some 35,000 people, and accounts for approximately $6 billion in sales 1. In 2011, Canada exported more than $1.8 billion worth of Medical Devices 2. The bulk of these exports were to the United States, which accounted for over 60% of Canada’s total domestic Medical Device exports in 2011. Furthermore, worldwide leaders in the Medical Device sector have a strong presence in Canada, and are expanding. For example, one leading U.S. based Medical Device firm recently announced a $50 million investment to expand its research, training, and manufacturing operations in Canada, with $15 million in support from the government 3.
Due to the thriving industry, protecting Medical Device inventions in Canada is not only a worthwhile investment for foreign Medical Device companies, but can be of critical importance to when considering a global strategy.
1MEDEC, The Medical Device Industry in Canada, accessed April 2014
2Invest in Canada 2012, Medical Devices, Canada’s Competitive Advantages
3ConsiderCanada.com, accessed April 2014
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.