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ONTARIO’S MEDTECH
this region, making investments that will fuel both short-term and long-term growth in the sector.
To continue prospering, leaders in the industry must be proactive in staying abreast of advances in technology. They should promote collaboration between startups, large companies and researchers - a symbiotic relationship that encourages knowledge transfer and innovation. With these strategies in place, Ontario can remain at the forefront of revolutionizing the medical technology landscape.
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The Ontario MedTech cluster has helped to make Canada a global leader in MedTech innovation and manufacturing. By providing access to talent, markets and capital, the cluster has been able to support the growth of many successful companies.
Looking to the future, the cluster will continue to be a key driver of economic growth in Ontario. With continued government support and investment, the cluster has the potential to become an even more important contributor to the economy and create even more high-quality jobs.
INDUSTRY BY THE NUMBERS
29,600 MEDTECH EMPLOYEES
$14B IN MEDTECH REVENUES ANNUALLY (2017)
1,300 MEDTECH COMPANIES
$2.4B IN YEARLY EXPORTS
Source https://www.investontario.ca/medtech#by-the-numbers
