SOURCE: Canadian Health Policy Institute

CHPI

December 12, 2016 06:00 ET

Canadian Health Policy Institute: Study of 75 countries shows that Canada is under-investing in the use of medical devices

TORONTO, ON--(Marketwired - December 12, 2016) - The latest edition of an annual study published by the Canadian Health Policy Institute (CHPI) ranks Canada near the bottom of 75 countries when measuring medical device spending as a percentage of total health spending.

The study examined data for 75 countries over the period 2010 to 2015. It measured the impact of medical device expenditures on total health care costs and compared the affordability of medical device expenditures relative to per capita GDP across countries.

On average from 2010 to 2015, of 75 countries for which data were available, Canada ranked 7th for total health spending per capita, but only 13th for medical device spending per capita and 62nd when measuring medical device spending as a percentage of total health spending.

Canada ranked as low as 33rd for medical device spending as a percentage of GDP per capita. Medical device spending per capita accounted for only 0.38% of GDP per capita in Canada on average over 2010 to 2015.

The study, Medical devices and health care costs in Canada and 74 other countries, 2010 to 2015, is available online at: www.canadianhealthpolicy.com.

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Canadian Health Policy Institute (CHPI) is an independent think-tank dedicated to providing information and ideas for a better health system.

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