A favourable political and financial environment, a talent pool, a cutting-edge research infrastructure and a geographic location that opens onto North America and Europe: Montréal offers the best conditions for success for companies in the life sciences and health technologies (LSHT) sector.
Montréal’s LSHT ecosystem has developed into a concentration of strong niches of excellence in which scientific and industrial partnerships broaden. The quick emergence of health technologies, personalized medicine and genomics also acts as a vehicle for innovation for industries. The Montréal metropolitan area is a talent incubator that brings together a critical mass of entrepreneurs, researchers and investors, who give rise and generate the treatments and medicine technologies of tomorrow.
Industry snapshot
Fields of expertise and niches of excellence
The LSHT sector first brings together companies that are dedicated to health, both human and animal, and which are found in one of the seven (7) sub-sectors of innovative pharmaceuticals, medical technologies, bitotechnologies, health information technology and artificial intelligence (health IT / AI), contract research organizations (CRO), contract manufacturing organizations (CMOs) and natural health products.
The LSHT sector first brings together companies that are dedicated to health, both human and animal, and which are found in one of the seven (7) subsectors of innovative pharmaceuticals, medical technologies, biotechnology, health information technology and artificial intelligence (health IT / AI), contract research organizations (CRO), contract manufacturing organizations (CMOs), and natural health products.
Coefficient of location of the main regions for the LSHT sector, Quebec, 2017
The coefficient of location represents the ratio between its share of modeled employment in a region under study and its share of modeled employment in Quebec. It is also called location index.
Its mathematical formula is: location quotient = (employment in the LSHT sector for a given region / total employment for this region) / (employment in the LSHT sector in Quebec / total employment in Quebec). A quotient greater than 1 indicates a relative specialization of the region in the LSHT sector.
A critical mass of employment
32 472
(77%)
Jobs in private companies
in Greater Montréal
The health technologies segment is major for the Quebec economy and alone represents nearly 40% of industry jobs in the LSHT sector.
A quality talent pool
The Greater Montreal Area, with its universities, medical schools,
engineering schools, pharmacy faculty and specialized technical programs
can compete with many regions of the world in the
quantity and quality of LSHT training programs.