Medical Device and Pharmaceuticals Regulatory Affairs and Quality Consulting for Canada
Canada’s medical device sector is a highly diversified and export-oriented industry that manufactures equipment and supplies. Purchasers include Canadian and international hospitals, physician’s offices, laboratories, clinics, as well as patients (through direct purchases).
The sector is populated with companies driven by product innovation. Approximately 10% of Canada’s medical device companies have spun off from Canadian research organizations. Approximately 20% of companies are pre-market. The sector is dominated by SMEs by number, and foreign-owned global companies by market share. It accounts for 2% of the global market with 80% of the market being made up of imported medical devices. The key expenditure areas are diagnostic apparatus, consumables, patient aids and orthopedic and prosthetic. The industry is primarily based in the three largest provinces—Ontario, Quebec and British Columbia.
|Canada Medical Device Market Size||Canada Pharmaceutical Market Size|
|§ $6.7 billion||§ $34.2 billion|
|§ Projected Growth Rate: 5.3%||§ Projected Growth Rate: 9.9%|
|Canada Economic Indicators|
|GDP (PPP): $1.592 trillion|
|Per Capita GDP (PPP): $51,958|
|Real GDP Growth Rate: 0.2%|
|Population (millions): 35.16|
|Ethnic Diversity: 76.7 European; 14.2% Asian|
Health Canada is the Federal department responsible for helping Canadians maintain and improve their health, while respecting individual choices and circumstances.
Health Canada’s goal is for Canada to be among the countries with the healthiest people in the world. To achieve this goal, Health Canada:
- Relies on high-quality scientific research as the basis for our work.
- Conducts ongoing consultations with Canadians to determine how to best meet their long-term health care needs.
- Preserve and modernize Canada’s health care system
- Enhance and protect the health of Canadians.
- Work in partnership with others, and
- Communicate health promotion and disease prevention
Canada’s medical device market, one of the world’s most robust, is regulated by Health Canada. For more information check the Health Canada website: http://www.hc-sc.gc.ca/dhp-mps/md-im/legislation/index-eng.php