LIFE SCIENCES AND HEALTH TECHNOLOGIES (LSHT) IN FIGURES i
A VALUE-GENERATING INDUSTRY
1,5% OF GDP
LSHT alone contributes to 1.5% of Québec’s GDP, an amount totalling $5.3 billion.
65% OF THE INDUSTRY
Real GDP of Greater Montréal's LSHT represents approximately 65% of that of Québec's industry.
A CRITICAL MASS OF JOBS
70% MORE VALUE
LSHT creates 70% more value added per direct job than all other sectors of Québec’s economy.
Greater Montréal ranks sixth among the largest metropolitan regions in North America for concentration of LSHT jobs.
80% OF PRIVATE JOBS
Greater Montréal represents more than 80% (33,500) private jobs in LSHT in Québec.
A RESEARCH AND DEVELOPMENT ENVIRONMENT FAVOURABLE TO COMPANIES
65% OF LSTH
In addition to pharmaceuticals, contract manufacturing organizations (CMOs), medical technologies, CROs, and ICT-Health, represent close to 65% of LSHT in terms of jobs.
LOWER TAX BURDEN
Research and development companies benefit from a tax burden two to five times lower than that of other large western cities.
ONE OF THE MOST FAVOURABLE INVESTMENT CLIMATES
BENEFICIAL OPERATING COSTS
Total operating costs in LSHT are among the most advantageous in big cities in North America and Western Europe.
14% in LSHT in 2012
An average cost-benefit of more than 14% in LSHT in 2012 compared to the big cities, which are Toronto, Philadelphia, Boston, San Diego and London.
QUICK ACCESS TO MAJOR GLOBAL MARKETS
Transportation infrastructure and geographic location make Greater Montréal a desireable location for companies intent on easily exporting their products internationally.
$5 BILLION IN EXPORTS
Between 2006 and 2011, exports from Greater Montréal's LSHT represented more than $5 billion.
A STRONG PRESENCE OF SUBSIDIARIES OF FOREIGN COMPANIES
80 FOREIGN SUBSIDIARIES
Presence of 80 subsidiaries of world-class companies.
- i Economic value of the LSHT innovation chain of Greater Montréal, KPMG-SECOR, November 2013.
- i Data for 2011, Profile of the LSHT Industry of Greater Montréal, Montréal InVivo et Montréal International, 2013.