Demand for diagnostic and patient monitoring equipment will lead the growth in sales of medical equipment over the next two years (2009 - 2010) in Canada. The increase in demand for all types of electro medical equipment will be led by technologies including nuclear medicine cameras, MRI (magnetic resonance imaging) and CT (computed tomography). Other medical electro-diagnostic and patient monitoring equipment, including ultraviolet and ultrasonic scanners will also benefit from increased demand. The average real growth of Canadian demand value for all medical equipment and supplies during the 2009 and 2010 period is predicted to remain relatively strong with annual increases of between 8 and 9 percent.
Medical equipment is purchased primarily by hospitals and other public health institutions and accounts for approximately 70 percent of the total medical equipment and supplies market in Canada. Demand from privately-owned clinics and other establishments are particularly favorable for imaging diagnostic equipment and is predicted to grow at a slightly higher rate than the overall market in 2009 and 2010.
The sale and use of medical devices is strictly regulated in Canada by an FDA equivalent called Health Canada. Health Canada's Therapeutic Products Program (TPP) ensures the safety and effectiveness of medical devices. Medical products or devices are classified into four categories depending on the level of potential risk to the patient. Class I represents devices that pose the least risk while Class IV pose the highest risk. Licenses are delivered for each product or category of product in Class II, III and IV.
More than half of Canadian imports originate from the United States. China, Germany and Mexico respectively follow as countries of origin in Canadian imports statistics reflecting a combined share of about one fifth of total Canadian imports. While imports from U.S. sources are projected to grow between 7 and 8 percent annually in 2009 and 2010, imports from China, Germany and Mexico should continue to outgrow U.S. imports with rates of between 10 and 20 percent annually.
U.S. medical equipment companies wanting to develop new sales in Canada, benefit from access to numerous business facilitation programs offered by U.S. Commercial Service year-round.