BMI View: Canada has a sophisticated and well established medical device market which ranks eighth inthe world in terms of value. The market will register moderate growth in US dollar terms over the forecastperiod, which reflects a subdued economic outlook.
Latest Updates And Key Forecasts
We have revised slightly up our forecast and now project the market to grow at a 2016-2021 CAGR of5.0% in local currency terms and 5.7% when measured in US dollars, which should see it rise toCAD10.7bn (USD8.3bn) by 2021. This will reflect an improving subdued economic outlook.