CANADA - Medical Device Industry and Demographic Data

Shown below you will find some basic demographic and economic data on Canada, plus information specific to the medical device and healthcare industry

Capital city: Ottawa

Total area: 9 984 670 km²

Population of Canada: 33.5 million

Structure of Canadian population:
0-14 years: 16.1%
15-64 years: 68.7%
65 years and over: 15.2% (2009 est.)

Currency: Canadian Dollar

Languages: English, French

Healthcare expenditures in Canada: $4 986 (at int. $ rate, 2007 data)

Number of hospitals in Canada: 628 (2006 data)

Canadian medical device industry: Canada's medical market is 7th largest in the world (in 2007). The trade of medical equipment is import-led; about 85 % of the market is supplied by imports. The sales volume of medical devices reached $4 billion in 2006. The regions with highest sales are Ontario and Quebec. The most imported medical devices are surgical equipment (26 %), assistive devices (23 %), monitoring, and therapeutic equipment. In 2005 there were 998 manufacturers, and about 600 companies engaged in distribution. The local manufacturing market is represented mainly by small high-tech producers. Opportunities: increasing demand for cost-efficient and innovative medical equipment such as diagnostic equipment using x-rays, magnetic resonance and other imaging technologies. The home care market is the fastest growing market with a projected growth rate of 8.6 % till 2012.