The Chamber of Commerce of Metropolitan Montreal

Life sciences: an area of activity conducive to growth

Greater Montréal is fortunate to be a major North American centre of life sciences and health technologies (LSHT). Discoveries, treatments and technologies of tomorrow regularly emerge from this diversified ecosystem. This industry is booming internationally, generating opportunities for Montréal businesses and investors.

A growing global market

Worldwide, this US$1,950 billion industry (2014) saw annual growth of 5% from 2005 to 2012, and it is expected to grow 5% to 9% in the next three years. A number of trends are influencing the development of this sector of the future, including the rapid emergence of health care technologies. The industry’s vitality generates business opportunities, but also challenges, such as rising international competition.

Build on the network’s strength

Montréal has tremendous potential in this industry. Montréal’s LSHT sector has a variety of organizations, including major international companies and SMEs in biotechnology, medical technology, IT for health care and contract-based research. These companies have attracted a chain of suppliers that specialize in different niches. Plus, Montréal has 150 university research centres and hospitals that are catalysts for innovation for the entire industry.

To find out more and make contacts among the key LSHT players in Greater Montréal, attend our Strategic Forum on Life Sciences on November 7. To register and see the list of high-calibre speakers, click here.

Seize opportunities in international growth

This large group of businesses depends upon internationalization for their prosperity. These companies need strategies to position themselves on the global market and tap into the possibilities generated by the rapid growth of the sector.

Trade missions are a great opportunity for businesses to make contacts and win clients. The Chamber of Commerce of Metropolitan Montréal will be holding a trade mission to Lyon for the LSHT industry, November 21 to 23, 2016. This region is the leading centre for health in France and one of the ten largest biotechnology markets on the continent. For more information about this trade mission and other upcoming ones, contact the Acclr team of experts in international trade at the Chamber.

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