Canada is considered as a world leader in biotechnology. This could be to due to the fact that the Canadian life sciences sector is a vital contributor to Canada's innovation economy. The industry engages itself in generating the medical innovations so as to improve health-care delivery and patient care in Canada and all across the globe.
Biotechnology in Canada
The industry accommodates research, development and manufacturing sectors. Many small and medium-sized companies are part of the Canadian life science industry. These companies develop biopharmaceuticals, diagnostics, pharmaceuticals and medical devices. Global companies, which are also a part of the industry, serving both domestic and international markets by mainly focusing on research, development and manufacturing operations. Several contract service providers offer industry support for clinical trials, research and development along with manufacturing. Health research institutes and research networks are part of research and knowledge translation.
Job Opportunities for Life Science in Canada
In 2010, over 65,000 jobs and 40 billion dollars have been contributed by the biotechnology industry of Canada. Besides this, the Canadian economy is considered as one of the world’s strongest, pioneering the G7 in developing economy for one decade.
The Canadian government mainly focuses on job creation and developing the economy. As the competition to lead the bioeconomy is strong, the country has worked hard to set itself as the world’s best place to do business.
The BIOTECanada Gold Leafs Awards Ceremony commemorates the success of Canadian Biotechnology industry.