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Medical Instrument & Supply Manufacturing in Canada - Industry Market Research Report

  • ID: 4062240
  • Report
  • March 2020
  • Region: Canada
  • 42 pages
  • IBISWorld
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Feeling well: Resources dedicated to research and development are expected to bolster industry revenue

FEATURED COMPANIES

  • Baxter International Inc.
  • Becton
  • Dickinson and Company
  • MORE
Medical Instrument & Supply Manufacturing in Canada
The Medical Instrument and Supply Manufacturing industry in Canada produces a variety of nonelectric medical, dental and veterinary products for personal and professional use. The industry's broad range of medically necessary products largely shields revenue from sharp fluctuations based on changes in specific downstream demand environments. However, pressure from imports is an omnipresent threat that has encouraged domestic operators to embrace product innovation over standardized manufacturing. Several large demographic and economic factors catalyze demand for industry products. The Canadian population aged 65 and older is expected to grow over the 10 years to 2024, boosting overall demand for healthcare services, and in turn, medical instruments and supplies. Macroeconomic trade conditions can also affect industry performance. The aging Canadian population, rising healthcare expenditure and resources dedicated to research and development are expected to bolster industry revenue over the five years to 2024, restricted somewhat by the ongoing threat of import penetration. Operators in this industry primarily research, develop and produce nonelectronic medical, surgical, dental and veterinary instruments and apparatuses, such as syringes, anesthesia apparatuses, blood transfusion equipment, catheters, surgical clamps and medical thermometers. The industry does not manufacture electromedical and electrotherapeutic apparatuses, laboratory instruments, X-ray apparatuses, nonmedical thermometers or ophthalmic goods, such as contact lenses and eyeglasses.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Baxter International Inc.
  • Becton
  • Dickinson and Company
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • Becton
  • Dickinson and Company
  • Baxter International Inc.
Note: Product cover images may vary from those shown
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