Value of top 10 Canadian medical device import shipments 2012

This statistic displays the top ten Canadian medical device imports by value of shipment in 2012. During this year, import of instruments and appliances parts were valued at about 494 million Canadian dollars in shipments. The top ten imports were valued at over 2.8 billion Canadian dollars and account for about 40 percent of medical device imports.

Medical devices

Laboratory reagents were among the highest valued in Canadian medical device imports, totaling 520.6 million Canadian dollars in 2012. In comparison, artificial parts of the body (not including artificial joints) garnered about 294.4 million Canadian dollars in import shipments. With respect to exports, composite diagnostic or laboratory reagents made up about 21.5 percent of the country's total medical device exports during the same period. The medical device sector in Canada is a highly export-oriented field and includes both international and domestic manufacturers. This industry is largely concentrated in Ontario, Quebec, and British Columbia. In Canada, medical device companies spend about 15 percent of their revenues on research and development (R&D), while small- to medium-sized companies spend an even larger proportion on R&D expenditures.

Globally, China is one of the most prominent medical device markets, totaling nine billion U.S. dollars in market volume as of 2011, it is expected to reach 22 billion U.S. dollars by 2016. The sector employs over one million people and has not been found to be dominated by any particular firm.