Canada Disinfection Cap Market Size & Outlook, 2020-2027
Canada disinfection cap market, 2016-2027 (US$M)
Related Markets
Canada disinfection cap market highlights
- The Canada disinfection cap market generated a revenue of USD 19.9 million in 2020 and is expected to reach USD 26.9 million by 2027.
- The Canada market is expected to grow at a CAGR of 4.4% from 2021 to 2027.
- In terms of segment, non-retail was the largest revenue generating distributors in 2020.
- Retail is the most lucrative distributors segment registering the fastest growth during the forecast period.
Disinfection cap market data book summary
| Market revenue in 2020 | USD 19.9 million |
| Market revenue in 2027 | USD 26.9 million |
| Growth rate | 4.4% (CAGR from 2020 to 2027) |
| Largest segment | Non-retail |
| Fastest growing segment | Retail |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Retail, Non-retail |
| Key market players worldwide | 3M Co, Becton Dickinson & Co, ICU Medical Inc, Baxter International Inc, B. Braun Medical |
Other key industry trends
- In terms of revenue, Canada accounted for 6.4% of the global disinfection cap 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. disinfection cap 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 26.9 million by 2027.
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Disinfection Cap Market Scope
Disinfection Cap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada disinfection cap 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 disinfection cap market will help companies and investors design strategic landscapes.
Non-retail was the largest segment with a revenue share of 69.85% in 2020. Horizon Databook has segmented the Canada disinfection cap market based on retail, non-retail covering the revenue growth of each sub-segment from 2016 to 2027.
Increasing number of surgeries in Canada is expected to positively impact the market growth over the forecast period. For instance, according to a report published by the Organization for Economic Cooperation and Development (OECD) in 2017, more than 390,352 surgeries were performed in Canada.
Proper maintenance of hygiene before undergoing surgical procedure is necessary, thus doctors highly recommend use of disinfection caps. In addition, increasing awareness about health and hygiene among people is expected to positively impact the market growth.
For instance, according to Business Development Bank of Canada, the demand for wellness-related and health products is increasing rapidly, and around 31.00% of consumers in Canada are willing to pay for premium health enhancing products. Therefore, Canada disinfection cap market is anticipated to grow at a considerable rate over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada disinfection cap market, including forecasts for subscribers. This country databook contains high-level insights into Canada disinfection cap market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada disinfection cap market size, by distributors, 2016-2027 (US$M)
Canada Disinfection Cap Market Share, 2020 & 2027 (US$M)
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