Smart & Biggar uncovers and maximizes intellectual property and technology assets for our clients.
Today’s fast-paced innovation economy demands a higher level of expertise and attention to detail when it comes to IP strategy and protection. With over 125 lawyers, patent agents and trademark agents collaborating across five Canadian offices, Smart & Biggar is trusted by the world’s leading innovators to find value in their IP rights.
As market leaders in IP, Smart & Biggar’s team is on the pulse when it comes to the latest developments and the wider industry changes that impact our clients. To stay informed, visit smartbiggar.ca/insights, including access to our RxIP Update (smartbiggar.ca/insights/rx-ip-updates), a monthly digest of the latest decisions and law surrounding the life sciences and pharmaceutical industries.
The Medical Device sector in Canada is booming. Canada’s Medical Device sector encompasses more than 1,500 firms employing some 35,000 people, and accounts for approximately $6 billion in sales.
CanadaIntellectual Property
The Medical Device sector in Canada is booming. Canada’s Medical Device sector encompasses more than 1,500 firms employing some 35,000 people, and accounts for approximately $6 billion in sales 1. In 2011, Canada exported more than $1.8 billion worth of Medical Devices 2. The bulk of these exports were to the United States, which accounted for over 60% of Canada’s total domestic Medical Device exports in 2011. Furthermore, worldwide leaders in the Medical Device sector have a strong presence in Canada, and are expanding. For example, one leading U.S. based Medical Device firm recently announced a $50 million investment to expand its research, training, and manufacturing operations in Canada, with $15 million in support from the government 3.
Due to the thriving industry, protecting Medical Device inventions in Canada is not only a worthwhile investment for foreign Medical Device companies, but can be of critical importance to when considering a global strategy.
1MEDEC, The Medical Device Industry in Canada, accessed April 2014
2Invest in Canada 2012, Medical Devices, Canada’s Competitive Advantages
3ConsiderCanada.com, accessed April 2014
Take Note
This document is not intended to create an attorney-client relationship. You should not act or rely on any information in this document
without first seeking legal advice. This material is intended for general information purposes only and does not constitute legal advice. If you
have any specific questions on any legal matter, you should consult a professional legal services provider.
Contributor
Smart & Biggar uncovers and maximizes intellectual property and technology assets for our clients.
Today’s fast-paced innovation economy demands a higher level of expertise and attention to detail when it comes to IP strategy and protection. With over 125 lawyers, patent agents and trademark agents collaborating across five Canadian offices, Smart & Biggar is trusted by the world’s leading innovators to find value in their IP rights.
As market leaders in IP, Smart & Biggar’s team is on the pulse when it comes to the latest developments and the wider industry changes that impact our clients. To stay informed, visit smartbiggar.ca/insights, including access to our RxIP Update (smartbiggar.ca/insights/rx-ip-updates), a monthly digest of the latest decisions and law surrounding the life sciences and pharmaceutical industries.
