The market is dominated by foreign suppliers, as imports account for 67.3% of total market size in 2020. B2B drives market demand, with B2B spending representing 51.2% of total demand in 2020. Canada has the ninth largest market size for medical and surgical equipment across the top 20 developed countries, with demand reaching USD8.4 billion in 2020. Novadaq Technologies Inc is the largest company in Canada, generating 14.4% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 20.5% of total production value in 2020. The total number of companies increases in 2020, to 4,092 units. The costs of the industry decrease by 0.3% in 2020, largely driven by declining labour costs. The industry’s profitability increases and stands at 22.0% of production value in 2020, the fourth highest across the top 20 developed countries. With production value of USD4.0 billion, Canada accounts for 3.5% of the North America total in 2020.
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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
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