Canada Biological Skin Substitutes Market Size & Outlook
Canada biological skin substitutes market, 2018-2030 (US$M)
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Canada biological skin substitutes market highlights
- The Canada biological skin substitutes market generated a revenue of USD 16.2 million in 2023 and is expected to reach USD 28.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, human donor tissue-derived products was the largest revenue generating type in 2023.
- Human Donor Tissue-Derived Products is the most lucrative type segment registering the fastest growth during the forecast period.
Biological skin substitutes market data book summary
| Market revenue in 2023 | USD 16.2 million |
| Market revenue in 2030 | USD 28.9 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Human donor tissue-derived products |
| Fastest growing segment | Human Donor Tissue-Derived Products |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Human Donor Tissue-Derived Products, Acellular Animal-derived Products |
| Key market players worldwide | 3M Co, Organogenesis Holdings Inc Class A, Integra Lifesciences Holdings Corp, Smith & Nephew PLC, MiMedx Group Inc, Essity AB Class B, Stryker Corp, Vericel Corp, Mallinckrodt PLC Ordinary Shares - New, Tissue Regenix |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global biological skin substitutes 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. biological skin substitutes market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 216.3 million by 2030.
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Biological Skin Substitutes Market Scope
Biological Skin Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada biological skin substitutes 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 biological skin substitutes market will help companies and investors design strategic landscapes.
Human donor tissue-derived products was the largest segment with a revenue share of 66.67% in 2023. Horizon Databook has segmented the Canada biological skin substitutes market based on human donor tissue-derived products, acellular animal-derived products covering the revenue growth of each sub-segment from 2018 to 2030.
The medical device outsourcing market in Canada is highly competitive, with several key players operating in the country. Some major players are Global Regulatory Partners, Sterigenics U.S., LLC (GTCR, LLC), and Celestica, Inc.
These players compete on factors such as product quality, reliability, capacity, and cost-effectiveness to attract and retain clients. Moreover, increasing government funding for developing new medical devices. For instance, in October 2023, the federal government disclosed an investment of nearly USD 3 million in six medical & technology companies in Nova Scotia.
This financial support is intended to assist these companies in expanding their operations and improving their products. Adaptiiv Medical Technologies, a company specializing in the production of 3D-printed accessories utilized in radiotherapy, has been granted USD 963,164 as part of the investment.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada biological skin substitutes market , including forecasts for subscribers. This country databook contains high-level insights into Canada biological skin substitutes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada biological skin substitutes market size, by type, 2018-2030 (US$M)
Canada Biological Skin Substitutes Market Outlook Share, 2023 & 2030 (US$M)
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