Medical Devices
The medical devices industry is a critical enabler of modern healthcare, spanning diagnostics, surgical equipment, implants, and digital and remote monitoring technologies. In Canada, the sector combines strong research and innovation capabilities with advanced manufacturing and close ties to hospitals, academia, and global markets, contributing to specialized technologies and export-driven growth despite continued reliance on imports.
We are proud to partner with TurQuoise to bring trusted medical devices to the Canadian market.
Shift Toward Advanced, Minimally Invasive, and Digital Devices
Innovation is increasingly focused on minimally invasive technologies, surgical robotics, implantable devices, and AI-enabled diagnostics and monitoring. These advances aim to reduce recovery times, support care outside hospital settings, and address the growing burden of chronic disease and ageing populations, while integrating digital data into clinical decision-making.
Consolidation and Strategic Partnerships to Manage Risk and Scale Innovation
Rising R&D costs, complex regulatory pathways, and pressure to demonstrate value are driving consolidation across the sector. Larger manufacturers are acquiring smaller, innovation-focused firms to access proven technologies and reduce early-stage risk. At the same time, partnerships with hospitals, research institutions, and global players are becoming essential to accelerate commercialization and adoption.
Heightened Focus on Value, Procurement, and Supply Chain Resilience
Healthcare providers and public payers are placing greater emphasis on cost-effectiveness, outcomes, and reliability of supply. Value-based procurement, post-market surveillance, and domestic manufacturing capacity are increasingly important, particularly following recent global supply chain disruptions. Manufacturers are responding by strengthening evidence generation, improving transparency, and diversifying production and export strategies