Revenue in the Medical Technology market Canada 2016-2028

The Medical Technology market covers devices and products used for prevention, diagnosis, and treatment of diseases. Next to pharmaceuticals, they form the most important category of medical products. The most well known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants.

The Medical Technology market consists of two segments, In Vitro Diagnostics (IVD) and Medical Devices. The IVD segment covers products used for medical laboratory testing of specimens derived from the human body. The Medical Devices segment covers a broad range of products which are further segmented into medical specialties or types of application: Cardiology Devices, Diagnostic Imaging Devices, Orthopedic Devices, Ophthalmic Devices, and General & Plastic Surgery Devices. The Other Medical Devices segment provides information on additional areas that are not covered by the main segments.

Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Johnson & Johnson, Abbott Laboratories, Siemens Healthineers. Further information on the key players can be found in the Market Shares boxes.