2013-02-17 14:14:23 - New Medical Devices market report from Espicom Business Intelligence: "The Medical Device Market: Canada"
Espicom’s in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
Canada is geographically one of the
world’s largest countries, but has a population of just 34.4 million. The population is unevenly spread, 90% of Canadians live near the US border. The economy is highly developed, GDP per capita is on a par with the US.
Full Report Details at
Imports and exports have recovered since their dip in 2009. The latest medical trade data to June 2011 showed imports slightly up on the previous 12 months in Canadian dollar terms (4.7%) but up more in US dollar terms (+10.7%) to US$4.9 billion. Exports for the same period were valued at US$1.4 billion, an 8.6% increase in US dollar terms, 3.0% in local currency terms.
Despite the worldwide recession, medical devices are continuing to grow and the industry believes Canada is in a good position to expand its medical device business. Further R&D funding is key to developing new products as the Canadian government still lags behind the US in this respect.
In 2011, the Canadian medical device market is estimated at US$6.2 billion which, considering the size of the population, makes it one of the world’s richest medical markets. The market has recovered from negative growth in 2009, which reflected global economic problems. Much of the market is supplied by imports, largely from the USA.
The Canadian economy is predicted to grow at around 2% for the next five years, and has been less affected by the global economic crisis. Canada has a more stable and regulated banking sector. Consequently, Canada is the only one of the seven major industrialised nations expected to return to having a surplus in its economy by 2015 according to the IMF.
Canadian patients have suffered from longer waiting times for treatment. The problem is exacerbated by the widespread ban on private health insurance in public facilities. From 2009 C$250 million has been made available annually through a Wait Times Reduction Transfer to address this.
In contrast to the USA, Canada’s healthcare system is based on public funding and provision, as in the UK. Expenditure is generally high although inefficiencies remain. Health provision is the responsibility of provincial governments, which often have widely differing targets and priorities.
There is very little private involvement in the hospital sector. Private expenditure tends to concentrate on non-physician specialist services and pharmaceuticals. Around 38% of medical device domestic producers operate in the hospital supplies & equipment sector.
Includes 3 quarterly updated outlook reports!
Please note: Report sections are periodically updated and some sections may have been updated more recently than the publication date given for the full report.
Partial Table of Contents:
Key Healthcare Data
Expansion of Private Healthcare Clinics
C$41 Billion Ten Year Healthcare Plan 2004-2014
Marke t Developments
Patient Waiting Times Improve, But Delays Remain
7.5% Growth Forecast for Canada’s Medical Device Market
CIHI Report Reveals Slowdown in Health Spending Increases
Med ical Marke t Analysis
The Market in 2012
Past Performance 2007-2011
Future Performance 2012-2017
The Canadian Market for Consumables
The Canadian Market for Diagnostic Imaging
The Canadian Market for Dental Products
The Canadian Market for Orthopaedic & Prosthetic Products
The Canadian Market for Patient Aids
The Canadian Market for Other Medical Devices
Orthopaedic & Prosthetic
Monthly Import Analysis
Orthopaedic & Prosthetic
Monthly Export Analysis
Domes tic Production
Medical device industry clusters
Life Sciences British Columbia
Domes tic Manufacturing
BpTRU Medical Devices
Laborie Medical Technologies
Progressive Health Innovations
Verathon Medical Canada
Other local medical device companies
Abbott Point of Care
St. Jude Medical Canada Inc
Access ing the Marke t
Med ical Device Re gulations
Amendments to Medical Device Regulations for Class II, III and IV Devices
Safety & Effectiveness
Licences & Classification
Mandatory Incident Reporting/Device Recalls
Mutual Recognition Agreements
Methodology & Sources
Trade Code Classifications
List of Tables
Espicom Analysis of the Canadian Medical Market, 2012
Full Table of Contents is available at:
About Espicom Business Intelligence
Espicom Business Intelligence is a highly-regarded and established provider of business intelligence services. Founded in 1982 as MDIS Publications Ltd, the company changed its name to Espicom in 1992. Initially a publisher in a wide range of industries such as power generation and telecommunications, they now focus on the global pharmaceutical and medical device sectors. View more research from Espicom Business Intelligence at www.fastmr.com/catalog/publishers.aspx?pubid=1025
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.