{"id":1855,"date":"2022-12-05T18:36:13","date_gmt":"2022-12-05T18:36:13","guid":{"rendered":"https:\/\/leyton.majjane.agency\/ca\/post\/innovations-in-medtech\/"},"modified":"2022-12-05T18:36:13","modified_gmt":"2022-12-05T18:36:13","slug":"innovations-in-medtech","status":"publish","type":"article","link":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/","title":{"rendered":"Innovations in MedTech"},"content":{"rendered":"<p>The WHO (World Health Organization) defines the concept of <strong>MedTech<\/strong> as &#8220;the application of knowledge and skills organized in the form of devices, medicines, vaccines, procedures, and systems developed to solve a health problem and improve quality of life&#8221;. <strong>MedTech<\/strong>, therefore includes all technologies for the healthcare environment, from an online appointment booking site to an artificial organ or a surgical robot.<\/p>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<p><strong>MedTech <\/strong>is of great benefit to healthcare providers. The primary objective of advances in <strong>MedTech<\/strong> is to improve the overall quality of patient care in a medical setting. These devices help them by producing accurate results. This allows clinicians to structure a more effective and improvement-oriented patient treatment plan. Since the initial results, i.e., lab results and scans, are error-free, the patient&#8217;s condition is likely to improve much more quickly. In addition, <strong>MedTech <\/strong>devices and procedures save time for clinicians and patients. Today, procedures are made much less complicated. <strong>MedTech <\/strong>also creates better more advanced and less invasive treatment options. Finally, <strong>MedTech<\/strong> is helping to reduce the length of stay in hospitals and the demands of rehabilitation. The accurate, fast, and less complicated nature of <strong>MedTech <\/strong>makes it an easy and comfortable tool for healthcare providers.<\/p>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<p>To give some figures, in 2018, the <strong>MedTech<\/strong> industry registered more than almost <strong>14,000 patents<\/strong> at the EPO (European Patent Office). This is approximately the same number of patents filed in the Pharma (7,441) and Biotechnology (6,742) sectors, combined! 115 billion in Europe, and there are 27,000 MedTech companies in Europe with over 675,000 employees. In vitro, diagnostic devices are forecast to remain the best-selling device category and will be the largest device sector in 2024.<\/p>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/leyton.com\/ca\/wp-content\/blogs.dir\/3\/files\/2022\/11\/GettyImages-1212470616_711x455px.jpg\" alt=\"Medtech\" class=\"wp-image-19963\" \/><\/figure>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<p>In addition, the global <strong>MedTech<\/strong> market is estimated to be worth $350 billion. The Canadian industry is primarily based in Quebec, Ontario, and British Columbia. The Canadian <strong>MedTech <\/strong>market alone is valued at $6.4 billion, which represents just under 2% of the global market. <strong>Quebec <\/strong>accounts for one-third of the Canadian medical industry and more than 30% of the Canadian medical technologies approved by the US Food and Drug Administration come from <strong>Quebec<\/strong>.&nbsp; In addition, <strong>MedTech<\/strong> employs more than <strong>35,000 Canadians<\/strong> with more than <strong>1500 companies <\/strong>across Canada.<\/p>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<p>To foster the development of <strong>MedTech <\/strong>in Canada, Health Canada has established an action plan in 2019 to improve the safety and effectiveness of medical devices and optimize patient health outcomes. This action plan outlines a three-pronged strategy, which will be implemented by improving the way devices are brought to market, strengthening surveillance, and tracking of devices once they are used by Canadians, and providing more information to Canadians about the medical devices they use.<\/p>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<p>In conclusion, the <strong>medical technology industry<\/strong> is simply crucial to the economic strength of Quebec and Canada. It creates quality jobs, contributes to the improvement of society&#8217;s health conditions, and represents a major economic sector for the province. As part of this industry you may be entitled to several <strong>financial incentives<\/strong> including <strong><a href=\"https:\/\/leyton.com\/ca\/tax-credits\/sred-scientific-research-experimental-development\/\" target=\"_blank\" rel=\"noreferrer noopener\">SR&amp;ED<\/a><\/strong>, <strong><a href=\"https:\/\/leyton.com\/ca\/en\/government-grants\/\" target=\"_blank\" rel=\"noreferrer noopener\">government grants<\/a><\/strong>, and more! <strong><a href=\"https:\/\/leyton.com\/ca\/en\/contact-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">Connect<\/a> <\/strong>with our specialist to learn more!<\/p>\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<div class=\"wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/leyton.com\/ca\/en\/contact-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">Contact Us<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The WHO (World Health Organization) defines the concept of MedTech as &#8220;the application of knowledge and skills organized in the form of devices, medicines, vaccines, procedures, and systems developed to solve a health problem and improve quality of life&#8221;. MedTech, therefore includes all technologies for the healthcare environment, from an online appointment booking site to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2546,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222,537,287,110],"tags":[232,574,114,2545,115],"expertise":[774],"class_list":["post-1855","article","type-article","status-publish","format-standard","has-post-thumbnail","hentry","category-grants","category-innovation-en","category-medical-devices","category-sred","tag-funding","tag-grants","tag-innovation-en","tag-medtech-en","tag-sred-en","expertise-sred-tax-credits"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.1 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Innovations in MedTech - Leyton Canada<\/title>\n<meta name=\"description\" content=\"MedTech is one of the most promising industries in Canada. Medtech refers to all technologies in healthcare. Learn more...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Innovations in MedTech\" \/>\n<meta property=\"og:description\" content=\"MedTech is one of the most promising industries in Canada. Medtech refers to all technologies in healthcare. Learn more...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/\" \/>\n<meta property=\"og:site_name\" content=\"Leyton Canada\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leyton.com\/wp-content\/blogs.dir\/3\/files\/2022\/11\/GettyImages-1147342565_1726x756px.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1726\" \/>\n\t<meta property=\"og:image:height\" content=\"756\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/en\\\/insights\\\/articles\\\/innovations-in-medtech\\\/\",\"url\":\"https:\\\/\\\/leyton.com\\\/ca\\\/en\\\/insights\\\/articles\\\/innovations-in-medtech\\\/\",\"name\":\"Innovations in MedTech - Leyton Canada\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/en\\\/insights\\\/articles\\\/innovations-in-medtech\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/en\\\/insights\\\/articles\\\/innovations-in-medtech\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/leyton.com\\\/wp-content\\\/blogs.dir\\\/3\\\/files\\\/2022\\\/11\\\/GettyImages-1147342565_1726x756px.jpg\",\"datePublished\":\"2022-12-05T18:36:13+00:00\",\"description\":\"MedTech is one of the most promising industries in Canada. Medtech refers to all technologies in healthcare. Learn more...\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/en\\\/insights\\\/articles\\\/innovations-in-medtech\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/leyton.com\\\/ca\\\/en\\\/insights\\\/articles\\\/innovations-in-medtech\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/en\\\/insights\\\/articles\\\/innovations-in-medtech\\\/#primaryimage\",\"url\":\"https:\\\/\\\/leyton.com\\\/wp-content\\\/blogs.dir\\\/3\\\/files\\\/2022\\\/11\\\/GettyImages-1147342565_1726x756px.jpg\",\"contentUrl\":\"https:\\\/\\\/leyton.com\\\/wp-content\\\/blogs.dir\\\/3\\\/files\\\/2022\\\/11\\\/GettyImages-1147342565_1726x756px.jpg\",\"width\":1726,\"height\":756,\"caption\":\"Medtech\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/en\\\/insights\\\/articles\\\/innovations-in-medtech\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/leyton.com\\\/ca\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Innovations in MedTech\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/#website\",\"url\":\"https:\\\/\\\/leyton.com\\\/ca\\\/\",\"name\":\"Leyton\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/leyton.com\\\/ca\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/#organization\",\"name\":\"Leyton\",\"url\":\"https:\\\/\\\/leyton.com\\\/ca\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/leyton.com\\\/wp-content\\\/blogs.dir\\\/3\\\/files\\\/2026\\\/01\\\/logo.svg\",\"contentUrl\":\"https:\\\/\\\/leyton.com\\\/wp-content\\\/blogs.dir\\\/3\\\/files\\\/2026\\\/01\\\/logo.svg\",\"width\":108,\"height\":44,\"caption\":\"Leyton\"},\"image\":{\"@id\":\"https:\\\/\\\/leyton.com\\\/ca\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Innovations in MedTech - Leyton Canada","description":"MedTech is one of the most promising industries in Canada. Medtech refers to all technologies in healthcare. Learn more...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/","og_locale":"en_US","og_type":"article","og_title":"Innovations in MedTech","og_description":"MedTech is one of the most promising industries in Canada. Medtech refers to all technologies in healthcare. Learn more...","og_url":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/","og_site_name":"Leyton Canada","og_image":[{"width":1726,"height":756,"url":"https:\/\/leyton.com\/wp-content\/blogs.dir\/3\/files\/2022\/11\/GettyImages-1147342565_1726x756px.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/","url":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/","name":"Innovations in MedTech - Leyton Canada","isPartOf":{"@id":"https:\/\/leyton.com\/ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/#primaryimage"},"image":{"@id":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/#primaryimage"},"thumbnailUrl":"https:\/\/leyton.com\/wp-content\/blogs.dir\/3\/files\/2022\/11\/GettyImages-1147342565_1726x756px.jpg","datePublished":"2022-12-05T18:36:13+00:00","description":"MedTech is one of the most promising industries in Canada. Medtech refers to all technologies in healthcare. Learn more...","breadcrumb":{"@id":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/#primaryimage","url":"https:\/\/leyton.com\/wp-content\/blogs.dir\/3\/files\/2022\/11\/GettyImages-1147342565_1726x756px.jpg","contentUrl":"https:\/\/leyton.com\/wp-content\/blogs.dir\/3\/files\/2022\/11\/GettyImages-1147342565_1726x756px.jpg","width":1726,"height":756,"caption":"Medtech"},{"@type":"BreadcrumbList","@id":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/innovations-in-medtech\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leyton.com\/ca\/"},{"@type":"ListItem","position":2,"name":"Innovations in MedTech"}]},{"@type":"WebSite","@id":"https:\/\/leyton.com\/ca\/#website","url":"https:\/\/leyton.com\/ca\/","name":"Leyton","description":"","publisher":{"@id":"https:\/\/leyton.com\/ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leyton.com\/ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/leyton.com\/ca\/#organization","name":"Leyton","url":"https:\/\/leyton.com\/ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leyton.com\/ca\/#\/schema\/logo\/image\/","url":"https:\/\/leyton.com\/wp-content\/blogs.dir\/3\/files\/2026\/01\/logo.svg","contentUrl":"https:\/\/leyton.com\/wp-content\/blogs.dir\/3\/files\/2026\/01\/logo.svg","width":108,"height":44,"caption":"Leyton"},"image":{"@id":"https:\/\/leyton.com\/ca\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/article\/1855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/types\/article"}],"author":[{"embeddable":true,"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/comments?post=1855"}],"version-history":[{"count":0,"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/article\/1855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/media\/2546"}],"wp:attachment":[{"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/media?parent=1855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/categories?post=1855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/tags?post=1855"},{"taxonomy":"expertise","embeddable":true,"href":"https:\/\/leyton.com\/ca\/wp-json\/wp\/v2\/expertise?post=1855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}