Health and life sciences startups has been getting a lot of attention from different layers of governments in Canada. These companies are especially important as Canada has a universal healthcare system and this sector receives the largest budget from the federal and provincial governments annually.
The Canadian life sciences sector is an important contributor to Canada's innovation economy, engaging in creating the medical innovations that will improve health-care delivery, patient care in Canada and abroad.
The Canadian industry spans the research, development and manufacturing continuum. Industry players include small and medium-sized companies developing diagnostics, biopharmaceuticals, pharmaceuticals and medical devices, as well as global companies with research, development and manufacturing operations in Canada, serving both domestic and international markets. Contract service providers in Canada provide industry support for research and development, clinical trials and manufacturing. Canada's world-class health research institutions and research networks are integral partners in research and knowledge translation.