Medtech
Powering medical
breakthroughs
Canada’s medtech sector is home to over 2,000 companies developing technologies that give patients access to more effective disease diagnosis, treatment and monitoring. From cardiovascular devices to wearable health solutions, global leaders like Abbott and Boston Scientific are innovating with Canadian expertise.
Canada has the world’s most educated workforce and offers the right conditions for growth. Investors benefit from a stable regulatory environment and strong intellectual property protections.
Discover how companies with bold ambitions can thrive in Canada.
Canadian medtech leadership
$7.8 billion
$3.1 billion
Global leadership in medtech innovation
Investors in Canada have access to a thriving medical technology ecosystem. Home to the fourth largest number of active biotechnology firms in the OECD, the country offers deep expertise in precision healthcare and patient-focused technologies.
In Canada, global firms collaborate with research institutions and innovation hubs to advance breakthroughs in robotic surgery, surgical simulation and assistive technologies. Leading universities such as McGill, McMaster, University of Alberta, University of British Columbia and University of Toronto drive medtech research.
Specialized research centres, such as the KITE Research Institute, help move solutions from research to commercialization. OBIO, an Ontario-based membership group, supports health tech companies with hiring talent and commercializing technologies. Complementing these efforts, MEDTEQ+ in Quebec and the Medical Innovation Xchange (MIX) in Alberta also provide additional support through industry partnerships, research collaboration, clinical testing and scaling expertise, further accelerating medtech innovation across Canada. These partnerships shorten development cycles and reduce time-to-market. The country offers a collaborative R&D environment that helps companies with bold ambitions grow and compete globally.
Support for medtech innovation
Canada offers a supportive, innovation-driven environment that fuels medtech investments. Investors benefit from R&D expertise, cross-industry collaboration and funding programs.
Examples include:
Medical Devices Research Centre: This National Research Council centre works with industry from “idea to market” to design, develop, test and commercialize medical device innovations.
MedTech Talent Accelerator: Designed to launch the next generation of industry-ready talent for the Canadian medtech sector, this training program brings together leading Canadian universities, BioMedical Zone and MedTech Canada, the national association for the industry.
Health research funding: The Canadian Institutes of Health Research invests over $1 billion each year in promising projects. Access funds to conduct research, develop health solutions and commercialize products.
Why choose Canada
Robust industry regulations and IP protections
Globally recognized universities and research institutions
Stable, business-friendly environment
Lowest overall tax rate on new investment in the G7
Explore Canada’s biomanufacturing and life sciences sector
Let’s work together
At Invest in Canada, we are dedicated to your company’s success.
Our team is your trusted guide to investing in Canada. We get to know your business, offer insights and information and connect you with the right people and places to support your decision.