The Medical Device Market: Canada

Espicom Healthcare Intelligence
January 29, 2014
158 Pages - SKU: ESPI5193980
Countries covered: Canada

OVERVIEW OF THE MEDICAL MARKET IN CANADA

Canada is geographically one of the world's largest countries, but has a population of just 35.0mn. The population is unevenly spread, with 90% of Canadians living near the US border. The economy is highly developed, GDP per capita is on a par with the US.

Canada imported medical equipment and supplies valued at US$5.5bn in 2012. This marked an increase of 8.1% over 2011.

In 2013, the Canadian Medical market is estimated at US$7.3bn which, considering the size of the population, makes it one of the world's richest medical markets. Much of the market is supplied by imports, largely from the USA.

The Canadian economy is predicted to grow at between 1.9% and 2.5% in each of the next five years, and has been less affected by the global economic crisis than other leading economies due to Canada's more stable and regulated banking sector. 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.

Long waiting times for treatment have long been a problem in Canada, exacerbated by the widespread ban on private health insurance in public facilities. Since 2009, C$250mn has been made available annually through a Wait Times Reduction Transfer to address the waiting times in five key areas.

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.



More Country Overviews reports by Espicom Healthcare Intelligence

The World Medical Market Fact Book 2014 by Espicom Healthcare Intelligence
The World Medical Market Fact Book 2014 This report includes multiple year historical data. Where data is not available, BMI estimates have been included. ...
Medical Device Pricing & Reimbursement 2014 by Espicom Healthcare Intelligence
Medical Device Pricing & Reimbursement 2014 Provides insight into medical device pricing and reimbursement systems and latest regulations across 17 key countries! This guide provides ...
The Medical Device Market: Venezuela by Espicom Healthcare Intelligence
OVERVIEW OF THE MEDICAL MARKET IN VENEZUELAThe Bolivarian Republic of Venezuela is situated on the northern coast of South America and is bordered by Brazil ...
The Medical Device Market: USA by Espicom Healthcare Intelligence
OVERVIEW OF THE MEDICAL MARKET IN THE USAAt an estimated US$127.1bn in 2013, the US medical device market is the world's largest. Per capita expenditure, ...
See all reports like this >>

More Canada Country Overviews reports

Medical Device Market in Canada to 2018 - Market Size, Trends, and Forecasts by Global Research & Data Services
Medical Device Market in Canada to 2018 - Market Size, Trends, and ForecastsThis industry report offers the most up-to-date market data on the actual market ...
Medical Device Market in Canada - Market Size, Forecasts and Market Players by Global Research & Data Services
This package contains the following market study and company database:Medical Device Market in CanadaDatabase of Medical Device Producers in CanadaThe market research report Medical Device ...
Medical Device Market in Canada by Global Research & Data Services
This market research report offers a perspective on the actual market situation, trends and future outlook for medical devices in Canada. The study provides essential ...
See all reports like this >>

 

SELECT A LICENSE

    Online Download  USD 1,295  
    Global Site License  USD 7,770  
 
US: 800.298.5699
Int'l: +1.240.747.3093
 

Share this report


    Other tasks

     
     
    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!