Medical Technology in Canada

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