top of page
Search

THE MEDICAL SECTOR IN CANADA

Updated: Mar 27


Canada’s healthcare sector is a key driver of its economy, accounting for 10.4% of the country's GDP. With a population of 41 million, concentrated mainly in Ontario and Quebec, the country faces both opportunities and challenges in its medical industry.


This article explores the regulatory environment, market trends, key challenges, and emerging opportunities shaping Canada’s medical economic landscape.


Canada at a glance :


Market Trends


  • Complex Regulatory Environment: Medical devices in Canada are classified based on Health Canada's risk-based system, with four classes (I, II, III, IV).

    • Class I devices require minimal licensing.

    • Class II devices need an MDSAP certificate.

    • Class III and IV devices undergo a longer approval process, though it remains less time-consuming than the EU MDR regulations.


  • Investment in Research & Development: Canada fosters a strong R&D environment through innovation clusters and university research centers, facilitating funding and technological advancements.


  • Focus on Digital Health & AI: This includes telemedicine, AI-driven diagnostics, and therapeutics, particularly in response to healthcare worker shortages, which are even more pronounced in remote areas.


  • Shortage of Surgical Devices: A growing challenge in the Canadian healthcare system.


Do you have a project in mind or want to learn more about our services? Get in touch today for a free consultation with one of our experts




Challenges


  • Shortage of specialized healthcare professionals

  • Limited access to medical equipment for disabled individuals

  • Current shortage of oxygenators for cardiac surgeries

  • Increasing complexity of medical needs

  • Geographical remoteness impacting healthcare delivery

  • Need for innovation and modernization of medical infrastructure

  • Inefficient management of healthcare services in some regions

  • Aging technology and outdated equipment in air medical transport


Opportunities:


  • Laboratory automation

  • Advanced laboratory information system automation

  • Adaptive and mobile medical equipment

  • Integration of AI & electronic tracking systems into diagnostics

  • Infrastructure improvements

  • Expansion of supplier networks for certain surgical devices



Did you enjoy this article? Discover our other resources on international development and market trends to help you further your project in Canada!





Don't miss our next sector analyses and updates! Subscribe to our newsletter to receive exclusive advice and the latest trends straight to your inbox.



 
 
about

ADEXIA specializes in advising and supporting foreign companies in the Canadian and international markets.

Montréal

7236 Waverly, Suite #211

Montréal, Québec, H2R 0C2

Tel : +1 438 238 8584

Toronto

Tel : +1 514 571 0128

Paris

Email : info@axclr.com

  • <div> Icônes conçues par <a href="https://www.flaticon.com/fr/auteurs/freepik" title="Freepik"> Free
Logo d'Adexia Inc.

Your international development partner

is proud to be part of the network

Logo Globallians

© 2023 ADEXIA INC. ALL RIGHTS RESERVED

bottom of page