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Medical Device Manufacturing in Ontario

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS ON33451bCA

Medical Device Manufacturing in Ontario industry analysis

Revenue for the Medical Device Manufacturing industry in Ontario is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely decline at -x% during the same period. The number of industry establishments has increased an annualized x.x% to xxx locations over the past five years. Industry employment has increased an annualized x% to x,xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xxx locations over the next five years. Industry employment is expected to increase an annualized x.x% to x,xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Medical Device Manufacturing in Ontario Market Research Report

What’s Included in the Medical Device Manufacturing in Ontario Market Research Report

Definition of the Medical Device Manufacturing in Ontario?

Medical device manufacturers design, develop, produce and distribute medical devices. These devices encompass a broad range of products, including instruments, apparatuses, implants, software and reagents used to diagnose, prevent, monitor, treat or alleviate diseases or medical conditions.

What’s included in the Medical Device Manufacturing in Ontario?

The Medical Device Manufacturing in Ontario includes production of cardiovascular devices, production of surgical devices, production of neurological devices, production of diabetes monitoring devices and production of diagnostic devices. Related terms covered in the Medical Device Manufacturing in Ontario industry report includes electrically operated diagnostic and other medical equipment, devices that use x-rays, beta rays or gamma rays for diagnosis and treatment applications and a medical imaging technique most commonly used in radiology to visualize the internal structure and function of the body.

Industry Performance of the Medical Device Manufacturing industry in Ontario

Benchmark the Medical Device Manufacturing in Ontario industry performance with all ON Census Metropolitan Area and national performance.

Medical Device Manufacturing in Ontario

#1 in Highest Revenue 48% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Medical Device Manufacturing in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Medical Device Manufacturing industry in Ontario

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, bachelorsed, total health expenditure, number of adults aged 65 and older and research and development expenditure are impacting Medical Device Manufacturing in Ontario

Ontario Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
BachelorsEd

View more economic information in ON State Economic profile

Canada Key External Drivers

Total health expenditure
Number of adults aged 65 and older
Research and development expenditure

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Medical Device Manufacturing industry in Ontario

Access proprietary data on Census Metropolitan Area in the Medical Device Manufacturing in Ontario, such as Toronto, Ottawa - Gatineau and Kitchener - Cambridge - Waterloo. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Medical Device Manufacturing industry in Ontario

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Medical Device Manufacturing industry in Ontario in 2025?

The market size of the Medical Device Manufacturing industry in Ontario is $3.2bn in 2025.

How many businesses are there in the Medical Device Manufacturing industry in Ontario in 2025?

There are 394 businesses in the Medical Device Manufacturing industry in Ontario, which has been growing at an average annual rate of 0.2% from 2020 to 2025.

Has the Medical Device Manufacturing industry in Ontario grown or declined over the past 5 years?

The market size of the Medical Device Manufacturing industry in Ontario has been declining at an average annual rate of -0.7% from 2020 to 2025.

How many employees in the Medical Device Manufacturing industry in Ontario in 2025?

There are 8,475 employees in the Medical Device Manufacturing industry in Ontario, which has been growing at an average annual rate of 1.0% from 2020 to 2025.