The market is dominated by foreign suppliers, as imports account for 68.4% of total market size in 2022. B2B drives market demand, with B2B spending representing 50.0% of total demand in 2022. Canada has the 10th largest market size for medical and surgical equipment across the top 20 developed countries, with demand reaching USD10.1 billion in 2022. Novadaq Technologies Inc is the largest company in Canada, generating 14.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 20.3% of total production value in 2022. The total number of companies increases in 2022, to 3,678 units. The costs of the industry increase by 2% in 2022, largely driven by rising labour costs. The industry’s profitability decreases and stands at 16.8% of production value in 2022, the sixth highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 37.8% of total production output. With production value of USD4.9 billion, Canada accounts for 3.9% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Medical and Surgical Equipment in Canada: ISIC 3311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Medical and Surgical Equipment in Canada: ISIC 3311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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