Top Medical Device Companies to Work For in Canada in 2025, According to Forbes

The medical device and medtech industry continues to churn out remarkable, personalized innovations to look forward to.

Unify Medical’s Amplio — a wearable digital loupe offering 3D visualization and recording capabilities — is transforming surgical precision, while DermaSensor simplifies skin cancer detection with its AI-powered, non-invasive diagnostic tool; both made it as some of the top medical devices in TIME’s Best Inventions of 2024 lineup. Most recently, Medtronic secured FDA clearance for its adaptive deep brain stimulation system, a landmark approval promising to personalize therapy for Parkinson’s patients like never before.

According to Canada’s current industry profile on medical devices, the sector is not only at the cutting edge of technology — integrating AI, advanced materials and digital imaging — but is also a hub of dynamic, collaborative workplaces where engineers, scientists and healthcare professionals shape the future of medicine.

Each year, Forbes recognizes Canada’s best employers based on workplace culture, employee satisfaction and career growth opportunities.

In 2025, several medical device companies earned their place on this prestigious list, reflecting an evolving healthcare job market where inclusive environments and value-driven roles are paramount.

So, which companies stand out as the top medical device companies to work for in Canada in 2025? Let’s take a closer look below.

Philips

Industry: Health Care Equipment & Services
Headquarters: Amsterdam, Netherlands

Philips continues to make waves in the healthcare sector. Over the past decade, Philips has broadened its Canadian footprint significantly, expanding its digital health operations and diagnostic imaging capabilities across key provinces like Ontario and Quebec.

In 2024, the company was named in Forbes’ list of Canada’s Best Employers for Diversity — a recognition that underscores its dedication to inclusivity.

Initiatives such as the Women’s Leadership Group and Women’s Mentorship Program have been instrumental in supporting career growth and promoting diverse hiring practices.

A Globe and Mail feature highlighted how Philips Canada’s workforce is driven by purpose, strong leadership and a shared commitment to overcoming healthcare’s biggest challenges.

Focusing on continuous learning and employee development has helped Philips expand its talent pool.

Philips ranked 91st on Forbes’ 2025 list of Canada’s Best Employers.

Baxter

Industry: Health Care Equipment & Services
Headquarters: Illinois, US

Baxter has steadily expanded its manufacturing and R&D footprint across Canada, notably through investments in large-scale facilities in Ontario.

In 2024, Baxter Canada extended its partnership with Oneview Healthcare to launch the Care Experience Platform (CXP) across Canadian hospitals. This initiative enhances patient engagement with digital whiteboards, interactive tablets and real-time care updates.

Additionally, in 2022, Baxter Canada was certified as a “Great Place to Work” for the fourth consecutive year, earning a spot in the Top 50 Best Workplaces for Hybrid Work. These developments continue to attract top talent eager to work at the intersection of technology and compassionate care.

Baxter ranked 93rd on Forbes’ 2025 list of Canada’s Best Employers.

Abbott Laboratories

Industry: Health Care Equipment & Services
Headquarters: Chicago, US

Abbott Laboratories is renowned for its breakthrough devices and diagnostic solutions. The company has made significant headway in the Canadian market, expanding its advanced diagnostics and monitoring divisions with new labs and distribution networks in major centers like Montreal and Calgary.

In 2024, Abbott introduced the AVEIR dual chamber (DR) leadless pacemaker in Canada — the first-of-its-kind system implanted at renowned institutions like the Montreal Heart Institute and Foothills Medical Centre in Calgary.

In 2025, the company launched the “Above the Bias” campaign to tackle diabetes-related stigma, revealing that 70% of Canadians with diabetes experience bias that can impede treatment.

By investing in advanced training programs and digital innovation, Abbott maintains its reputation as a leader committed to both patient care and employee growth.

Abbott Laboratories ranked 209th on Forbes’ 2025 list of Canada’s Best Employers.

Dynacare

Industry: Health Care Equipment & Services
Headquarters: Brampton, Canada

Dynacare has broadened its diagnostic network across Canada, integrating new laboratory assets and digital solutions to better serve its diverse patient base.

In May 2023, Dynacare expanded its operations in British Columbia by acquiring Valley Medical Laboratories, adding 14 locations in the Okanagan Valley.

The Globe and Mail recently showcased Dynacare’s proactive approach to integrating advanced diagnostic technologies and digital health services that could likely enhance personalized patient care and increase hiring in tech-driven roles.

Dynacare ranked 222nd on Forbes’ 2025 list of Canada’s Best Employers.

The Evolving Medtech Job Market in Canada

Recent trends in Canada’s healthcare technology sector underscore a growing demand for medical equipment professionals.

While job postings in the broader pharma and healthcare sectors declined by 7.81% from late 2023 to early 2024, the medical equipment segment bucked the trend with a 7.14% increase. This shift could signal Canada’s expanding reliance on innovative medical technologies and sustained investment in cutting-edge healthcare solutions.

Looking ahead, the Canadian medical device industry is projected to grow at a compound annual growth rate (CAGR) of 5.70% between 2025 and 2029. Driven by advancements in AI-powered diagnostics, digital health solutions and patient-centered care, the sector is expected to reach an estimated market volume of $17.03 billion by 2029.

According to Statista, Canada’s medical technology market was projected to hit $13.65 billion by 2025, with the devices segment accounting for $11.85 billion.

Forecasts further suggest that the medical devices segment will grow at an annual rate of 6.05% through 2029, highlighting significant opportunities — especially in advanced cardiac care solutions.

As more organizations continue to invest in cutting-edge research, local talent and robust employee programs, the future of medical devices looks promising — with exciting career opportunities and sustained industry growth.

Aside from the Forbes list, Siemens Healthineers was recognized on the Best Workplaces in Canada 2025 list for companies with over 1,000 employees. Similarly, Medtronic Canada and Stryker Canada were featured in Canada’s Top 100 Employers rankings for 2025, which assess organizations on employee engagement, benefits and work environment.