Medical Manufacturing

From the manufacturing of medical devices to a strong ecosystem that supports their creation, the Edmonton region has the expertise to bring new medical innovation to life. vvv

An incredible array of manufacturers and manufacturing capability

Manufacturing has cemented itself as an integral part of the regional economy, serving as both a standalone industry and a critical component to the success and growth of other industries.

As the global medical device market continues to grow to over $700 billion by 2029, local manufacturers and health expertise join forces to solve some of the medical field’s biggest problems. Here, investors have opportunities to collaborate with hundreds of health companies, within arm’s reach of manufacturing and logistics to make new innovations a reality.

The Edmonton region has an incredible array of manufacturers and manufacturing capability. It’s also home to a foreign trade zone, allowing companies to ship materials and unfinished products here where they can be manufactured or assembled and sold on to global markets as Canadian products within existing trade agreements. This is a major advantage in today’s challenging trade environment.

The region is also well connected by air, rail, and road to important global markets.

Key highlights

  • The cluster of Healthtech companies in the region includes more than 284 companies.
  • The global medical devices market is projected to grow from $495.46 billion in 2022 to $718.92 billion by 2029.
  • The global compound annual growth rate for the medical devices market is expected to be 5.5% between 2022 and 2029.

Manufacturing

“What we have is an advanced manufacturing base with incredible technology and world-class expertise. We don’t need to look at going overseas to have manufacturing done. The benefit financially is to have it done here where the quality control and quality assurance is to the highest standards.”

– Cole Rosentreter, Founder and CEO, Pegasus Imagery

“Alberta’s health and medical technology sector represents a major opportunity for economic growth and high quality jobs,” said the Honourable Jim Carr, Minister and Special Representative for the Prairies.