Newmarket is located in the heart of York Region, within the Greater Toronto Area (GTA), and is home to Ontario's largest Local Health Integration Network (LHIN). The GTA has 60 hospitals, 6 area medical schools and over 50 academic programs related to medical devices and biomedical engineering. The Toronto area is a leading global site for clinical trials with 35% more trials per capita than in the U.S. and 80% more trials per capita than Europe.
The health sciences sector is a key area of focus in Newmarket's economic development strategy.
Southlake Regional Health Centre
Southlake Regional Health Centre will play an integral role in Newmarket's economic future. In addition to offering premium health care and garnering national recognition, Southlake is the community's largest employer with over 3000 staff members. The Hospital has a clinically advanced regional focus in several areas, including: arthritis care, cancer care, cardiac care, cataract surgery, child and adolescent eating disorders, chronic disease management, pediatrics and perinatal care, telemedicine (Health Links) and thoracic surgery. With the continued expansion of Southlake, there is the potential to create 1200 -1400 new jobs in the health sciences industry and through opportunities for private sector spin-off.
CreateIT Now at Southlake
CreateIT Now at Southlake is a healthcare-focused innovation centre offering unparalleled access to a leading community hospital and the clinicians and researchers who work there. A launch pad for high-impact initiatives, CreateIT Now brings private-sector organizations together with academic institutions and Southlake Regional Health Centre's resources to drive new technologies. In short, this is a landing site tailor made for healthcare focused innovators accessing North American markets.
Canada's $32 billion bio-medical market is among the world's fastest growing and most sophisticated.