Canada Medical Adhesives Market Size & Outlook, 2022-2030
Canada medical adhesives market, 2018-2030 (US$M)
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Canada medical adhesives market highlights
- The Canada medical adhesives market generated a revenue of USD 1,119.9 million in 2022 and is expected to reach USD 2,676.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.5% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Reactive & Others is the most lucrative technology segment registering the fastest growth during the forecast period.
Medical adhesives market data book summary
| Market revenue in 2022 | USD 1,119.9 million |
| Market revenue in 2030 | USD 2,676.7 million |
| Growth rate | 11.5% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Reactive & Others |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Hot Melt, Reactive & Others |
| Key market players worldwide | Baxter International Inc, Becton Dickinson & Co, Dentsply Sirona Inc, 3M Co, Arkema SA, H.B. Fuller Co, Henkel AG & Co KGaA, Avery Dennison Corp, DuPont de Nemours Inc, Ashland Inc, Cohera Medical, Chemence Medical, Heartland Adhesives |
Other key industry trends
- In terms of revenue, Canada accounted for 5.2% of the global medical adhesives market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. medical adhesives market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 981.6 million by 2030.
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Medical Adhesives Market Scope
Medical Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada medical adhesives 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 medical adhesives market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 83.1% in 2022. Horizon Databook has segmented the Canada medical adhesives market based on water based, solvent based, hot melt, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare reforms in Canada are focused on offering quality care while maintaining cost efficiency. The initiatives include efforts to establish full impact of chronic wounds, maintain evidence based guidelines for best practices, and increase focus on wound education.
Furthermore, the Community Access Care Center (CACC) has developed a wound care guideline in 2006 with the intentions to implement best practices for wound care delivery. Such initiatives are anticipated to propel the growth of medical adhesives in the country. According to the IMF, the GDP of Canada was estimated at USD 1.77 trillion in 2018 and is expected to reach approximately USD 1.96 trillion in 2020.
The economy is projected to grow at a moderate rate in 2019. As compared to the United States, healthcare expenditure in Canada represents a smaller contribution to the Canadian GDP. According to the World Bank, healthcare expenditure contributed around 9.5% to the country’s GDP in 2006.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medical adhesives market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical adhesives market size, by technology, 2018-2030 (US$M)
Canada Medical Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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