Business Monitor International


Canada Medical Devices Report

Published 19 September 2014

  • 164 pages
 
$1,295.00
Canada Medical Devices Report

Espicom 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 2013-2018 period. This steady growth   should see the balance of trade deficit widen owing to Canada's reliance upon imports.

Headline Industry Forecasts

  • Canada's medical device market ranks as the ninth largest in the world. In 2013, the medical device market was estimated at US$6.8bn, equal to US$195 per capita. The market is projected to increase at a CAGR of 4.0% to reach US$8.3bn by 2018. Around 80% of the market is supplied by imports, principally from the USA.

  • Canada imported medical equipment and supplies valued at US$5.5bn in 2013. This marked an increase in US dollar terms of 0.1% over 2012. In CAGR terms, imports expanded by a rate of 4.9% in the 2008-2013 period. According to the latest monthly trade data, the running annual import total reached US$5,519.3mn in the 12 months to June 2014, representing a marginal y-o-y US dollar decline of 0.5%.

  • Canadian exports of medical devices totalled US$1.7bn in 2013, an increase of 4.2% in US dollar terms over 2012. The CAGR in US dollar terms for the 2008-2013 period was 1.3%. According to the latest monthly trade data, the running annual export total reached US$1,723.6mn in the 12 months to June 2014, representing a y-o-y US dollar growth of 6.1%.

  • There are around 1,000 manufacturers of medical devices in Canada, employing approximately 26,000 people at 1,100 facilities across the country. The larger companies, although small in number, employ around 43% of the workforce. The majority of the industry is concentrated in Southern Ontario and Quebec and to a lesser extent British Colombia. In 2012, according to data from Statistics Canada, domestic production of medical equipment and supplies was estimated at C$2,708mn (US$2,708mn).

Headline Industry Risk Reward Ratings

  • Canada's...

Table of Contents

Espicom Industry View
7
SWOT
9
Medical Device Market SWOT
9
Political
10
Economic
11
Industry Forecast
12
Medical Device Market Forecast
12
Table: Projected Medical Device Market, 2013-2018
14
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
15
Consumables Market Forecast
19
Bandages & Dressings
19
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
20
Table: Consumables Market, 2008-2018 (US$mn)
20
Table: Consumables Market, 2009-2018 (US$mn % Change)
21
Diagnostic Imaging Market Forecast
22
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
24
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
25
Dental Products Market Forecast
26
Capital Equipment
26
Instruments & Supplies
27
Table: Dental Products Market, 2008-2018 (US$mn)
27
Table: Dental Products Market, 2009-2018 (US$mn % Change)
28
Orthopaedics & Prosthetics Market Forecast
29
Fixation Devices
29
Artificial Joints
30
Other Artificial Body Parts
30
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
30
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
31
Patient Aids Market Forecast
32
Portable Aids
32
Therapeutic Appliances
32
Table: Patient Aids Market, 2008-2018 (US$mn)
32
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
33
Other Medical Devices Market Forecast
34
Table: Other Medical Devices Market, 2009-2018 (US$mn % Change)
35
Annual Medical Device Imports
37
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
40
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
41
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
42
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
43
Table: Top 20 Medical Device Suppliers, 2013 (US$ 000s)
45
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$ 000s)
46
Table: Detailed Medical Device Import Trends By Product Area, 2013
49
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$ 000s)
52
Monthly Medical Device Imports
56
Table: Monthly Medical Device Imports By Product Area, January 2011-March 2014 (US$mn)
56
Annual Medical Device Exports
58
Table: Medical Device Exports By Product Area, 2009-2013 (US$ 000s)
62
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s, % Change)
63
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
64
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
65
Table: Top 20 Medical Device Destinations, 2013 (US$ 000s)
66
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$ 000s)
67
Table: Detailed Medical Device Export Trends By Product Area, 2013
70
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
74
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (US$000s)
77
Monthly Medical Device Exports
80
Table: Monthly Medical Device Exports By Product Area, January 2011-March 2014 (US$mn)
80
Macroeconomic Forecasts
82
Economic Analysis
82
Table: Canada - Economic Activity
84
Industry Risk Reward Ratings
90
Table: Americas Medical Device Risk/Reward Ratings, Q314
91
Market Overview
92
Medical Device Market Overview
92
Table: Medical Device Market, Key Ratios, 2013
93
Table: Medical Device Market By Product Area, 2013
93
Healthcare Overview
94
Health Status
94
Healthcare System
94
Healthcare Expenditure
97
Healthcare Resources
99
Table: Diagnostic Imaging Technology By Type, 2005-2012
100
Healthcare Activity
101
Healthcare Personnel
101
Key Healthcare Data
102
Table: Key Healthcare Data, 2008-2013
102
Industry Trends & Developments
104
Regulatory Development
109
Medical Device Regulations
109
Competitive Landscape
114
Domestic Medical Device Production
114
Table: Canadian Manufacturers' Sales Of Own-Manufactured Medical Equipment, 2003-2012
115
Domestic Medical Device Manufacturing
115
Multinational Medical Device Manufacturers
123
Multinational Market Activity
125
Table: Multinational Market Activity, 2014
125
Medical Device Market Access
127
Distribution
127
Trade Associations
127
Trade Shows
128
Methodology
129
Medical Device Market Methodology
129
Trade Code Classifications
130
Table: Used HS Trade Codes, 2014
130
Table: Rearranged HS Trade Codes, 2014
132
Risk/Reward Ratings Methodology
135
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
136
Sources
137
Contact
138

The Canada Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) 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 and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) 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 intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

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
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

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.

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