With more than 1,000 firms, a workforce of 25,000, and exports worth more than $2.3 billion in 2011, Canada’s medical-devices industry produces a wide range of diagnostic and therapeutic products.
“ Pioneered in partnership with the Montréal Heart Institute, the Arctic Front® Cardiac CryoAblation Catheter System now brings life-changing therapy to patients around the globe. ”
Neil Fraser, President, Medtronic of Canada Ltd.
Companies in Canada’s medical-devices sector develop and manufacture high-demand products that incorporate the latest discoveries from other industries—including biotechnology, advanced materials, microelectronics, telecommunications, software and informatics.
Made-in-Canada medical innovations:
- The Neovasc Reducer™ for refractory angina and PeriPatch™ surgical tissue (developed and manufactured in Vancouver by Neovasc, subsequently acquired by Medtronic);
- Catheter-based products for the cryotherapeutic treatment of cardiovascular disease, now used in more than 500 medical centres around the world (developed by Montréal-based CryoCathTechnologies);
- The world’s only movable, high-resolution, intra-operative MRI system (developed by Winnipeg-based IMRIS, a world-renowned image-guided therapy-systems company);
- A digital-radiography-imaging system used in nearly 40 countries (developed by Imaging Dynamics in Calgary).
Medical Devices Investment News – provided by ShiftCentral
2013-09-26 - OnSite Lab invests $6.1M in MedMira
2012-04-24 - Medtronic gets $15M Quebec grant for expansion
Investment Promotion Agencies
Provincial IPAs :
- Alberta Economic Development
- Invest British Columbia
- Invest in Manitoba
- Nova Scotia Business Inc.
- Invest in Ontario
- Invest Quebec
- Enterprise Saskatchewan
Also see Municipal IPAs
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