Canada Burn Ointment Market Size & Outlook, 2020-2027
Canada burn ointment market, 2016-2027 (US$M)
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Canada burn ointment market highlights
- The Canada burn ointment market generated a revenue of USD 54.5 million in 2020 and is expected to reach USD 85.4 million by 2027.
- The Canada market is expected to grow at a CAGR of 6.6% from 2021 to 2027.
- In terms of segment, topical antibiotics was the largest revenue generating product in 2020.
- Silver is the most lucrative product segment registering the fastest growth during the forecast period.
Burn ointment market data book summary
| Market revenue in 2020 | USD 54.5 million |
| Market revenue in 2027 | USD 85.4 million |
| Growth rate | 6.6% (CAGR from 2020 to 2027) |
| Largest segment | Topical antibiotics |
| Fastest growing segment | Silver |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Topical Antibiotics, Silver, Iodine |
| Key market players worldwide | Johnson & Johnson, Sun Pharmaceutical Industries, Smith & Nephew PLC, ConvaTec Group PLC, Dr. Morepen Limited |
Other key industry trends
- In terms of revenue, Canada accounted for 6.3% of the global burn ointment market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. burn ointment market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 85.4 million by 2027.
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Burn Ointment Market Scope
Burn Ointment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada burn ointment 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 burn ointment market will help companies and investors design strategic landscapes.
Topical antibiotics was the largest segment with a revenue share of 34.13% in 2020. Horizon Databook has segmented the Canada burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
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 burn ointment market, including forecasts for subscribers. This country databook contains high-level insights into Canada burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada burn ointment market size, by product, 2016-2027 (US$M)
Canada Burn Ointment Market Share, 2020 & 2027 (US$M)
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