Canada Advanced Wound Dressing Market Size & Outlook
Canada advanced wound dressing market, 2018-2030 (US$M)
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Canada advanced wound dressing market highlights
- The Canada advanced wound dressing market generated a revenue of USD 515.3 million in 2023 and is expected to reach USD 724.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, foam dressings was the largest revenue generating product in 2023.
- Hydrocolloid Dressings is the most lucrative product segment registering the fastest growth during the forecast period.
Advanced wound dressing market data book summary
| Market revenue in 2023 | USD 515.3 million |
| Market revenue in 2030 | USD 724.3 million |
| Growth rate | 5% (CAGR from 2023 to 2030) |
| Largest segment | Foam dressings |
| Fastest growing segment | Hydrocolloid Dressings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Foam Dressings, Hydrocolloid Dressings, Film Dressings, Alginate Dressings, Hydrogel Dressings, Collagen Dressings, Other Advanced Dressings |
| Key market players worldwide | 3M Co, Coloplast A/S ADR, Medline Industries, Smith & Nephew PLC, ConvaTec Group PLC, Integra Lifesciences Holdings Corp, Johnson & Johnson, Baxter International Inc, Medtronic PLC, Investor AB Class A |
Other key industry trends
- In terms of revenue, Canada accounted for 6.6% of the global advanced wound dressing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. advanced wound dressing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 724.3 million by 2030.
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Advanced Wound Dressing Market Scope
Advanced Wound Dressing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada advanced wound dressing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced wound dressing market will help companies and investors design strategic landscapes.
Foam dressings was the largest segment with a revenue share of 23.33% in 2023. Horizon Databook has segmented the Canada advanced wound dressing market based on foam dressings, hydrocolloid dressings, film dressings, alginate dressings, hydrogel dressings, collagen dressings, other advanced dressings covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is a rapidly developing market for advanced wound dressing products owing to rising geriatric population, increasing government funding, and favorable reimbursement policies. In Canada, a major part of the healthcare is publicly funded, which has led to advancements in healthcare facilities. This is expected to propel the market growth in Canada.
Moreover, as per survey by the Canadian Medical Association in 2017, the number of surgeons has been rapidly increasing in the country, which indicates a rise in number of surgical procedures in the country. These factors are thus anticipated to drive the demand for advanced wound dressing products in Canada over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada advanced wound dressing market , including forecasts for subscribers. This country databook contains high-level insights into Canada advanced wound dressing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada advanced wound dressing market size, by product, 2018-2030 (US$M)
Canada Advanced Wound Dressing Market Outlook Share, 2023 & 2030 (US$M)
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