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.

RANKED SIXTH

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

PRIME LOCATION

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.

LSHT CLUSTER OF GREATER MONTRÉAL

La grappe des SVTS du Grand Montréal
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