Canada Medical Devices Market 2022-2027

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    CANADA MEDICAL DEVICES MARKET

     

    INTRODUCTION

     

    The eighth-biggest market for medical devices is in Canada, which also boasts one of the greatest economies in the world. High-quality medical technologies are in high demand in the sophisticated and established Canadian medical device sector.

     

    Infographic ; Canada Medical Devices Market, Canada Medical Devices Market Size, Canada Medical Devices Market Trends, Canada Medical Devices Market Forecast, Canada Medical Devices Market Risks, Canada Medical Devices Market Report, Canada Medical Devices Market Share

     

    Most of the medical equipment utilized in Canada’s healthcare system is imported. However, exports of medical equipment are increasing. Canada has a thriving industrial sector, with Ontario and Quebec serving as its economic centers.

     

    Since a large percent of the market for medical devices is made up of imports, there are many opportunities for international producers in Canada. The most popular items are diagnostic tools, patient monitoring tools, consumables, patient assistance, orthopedic/prosthetic devices, and dental goods.

     

    The regulatory procedure in Canada is equally well-established. It could be simpler for US manufacturers to enter the Canadian market if they obtain FDA permission.

     

    CANADA MEDICAL DEVICES MARKET SIZE AND FORECAST

     The Canada Medical Devices market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.

     

    CANADA MEDICAL DEVICES MARKET NEW PRODUCT LAUNCH

    The commercial introduction of the Major X System for robotic-guided spine surgery was announced by Medtronic Canada ULC, a division of Medtronic plc, a world leader in healthcare technology.

     

    The Major platform, the first specialized robotic assisted spine surgery platform being released in Canada, offers a fully integrated procedural solution for surgical planning, workflow, execution, and confirmation. 

     

    The Stealth Station S8 surgical navigation capabilities are easily included into the Major platform, a robotic surgery platform, by Major Core Technology. Interactive 3D planning and information systems provide real-time image guiding, visualization, and navigation to give workflow predictability and flexibility for procedures.

     

    Surgeons can immediately visualize anatomy and the position of spinal components thanks to the three-dimensional Major platform. In order to improve efficiency and surgical accuracy, this gives surgeons the ability to plan and model spinal cages and screws in advance.

     

    The Major system is completely integrated with the best-in-class Midas Rex MR8 Electric High Speed Drill Systems, enabling increased trajectory precision beginning with pilot hole creation and providing attachments and dissection tools intended to drill precisely at speeds up to 75,000 rpm.

     

    Now, during a robotic surgery, surgeons may see disc preparation and interbody installation using the Major system’s guided interbody capabilities.

     

    CANADA MEDICAL DEVICES MARKET DYNAMICS

    RYAH Group, Inc. announced that RYAH Med tech, Inc., a subsidiary of the company, has obtained a Medicinal Device License (MDL) from Health Canada for its unique Internet of Things (IoT)-powered medical cannabis inhaler, proprietary cartridges, and associated software. (referred to as “RYAH Smart Medical Inhaler System”)

     

    The RYAH Smart Inhaler is a volume-control tool for formulations made from dry herbs and plants. Users can manage their session schedules, log their usage, and freely contribute anonymous data that is further evaluated and used for regulatory improvements, research, and awareness thanks to a proprietary software application.

     

    The RYAH Smart Inhaler System’s recognition as a medical device by Health Canada is a significant step toward achieving our global medical device footprint.

     

    CANADA MEDICAL DEVICES MARKET COMPANY PROFILE

     

    THIS CANADA MEDICAL DEVICES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per Canada Medical Devices market right now and how will it change in next 5-6 years?
    2. Average cost to set up a Medical Devices market in Canada?
    3. How many Canada Medical Devices market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a Canada Medical Devices market and key vendor selection criteria
    6. Where is the Canada Medical Devices market manufactured? What is the average margin per equipment?
    7. Market share of Canada Medical Devices market manufacturers and their upcoming products
    8. The most important planned Canada Medical Devices market in next 2 years
    9. Details on network of major Canada Medical Devices market and pricing plans
    10. Cost advantage for OEMs who manufacture Canada Medical Devices market in-house
    11. 5 key predictions for next 5 years in Canada Medical Devices market
    12. Average B-2-B Canada Medical Devices market price in all segments
    13. Latest trends in Canada Medical Devices market, by every market segment
    14. The market size (both volume and value) of Canada Medical Devices market in 2024-2030 and every year in between?
    15. Global production breakup of Canada Medical Devices market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
         
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