Canada Medical Polymers Market Size & Outlook, 2022-2030
Canada medical polymers market, 2019-2030 (US$M)
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Canada medical polymers market highlights
- The Canada medical polymers market generated a revenue of USD 908.1 million in 2022 and is expected to reach USD 1,643.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.7% from 2023 to 2030.
- In terms of segment, fibers & resins was the largest revenue generating product in 2022.
- Biodegradable Polymers is the most lucrative product segment registering the fastest growth during the forecast period.
Medical polymers market data book summary
| Market revenue in 2022 | USD 908.1 million |
| Market revenue in 2030 | USD 1,643.2 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Fibers & resins |
| Fastest growing segment | Biodegradable Polymers |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibers & Resins, Medical Elastomers, Biodegradable Polymers |
| Key market players worldwide | Basf SE, Cargill, Covestro AG, Celanese Corp Class A, Eastman Chemical Co, Evonik Industries AG, Dow Inc, Exxon Mobil Corp, Arkema SA, Koninklijke DSM NV, Formosa Plastics Group, SABIC, Trinseo PLC |
Other key industry trends
- In terms of revenue, Canada accounted for 4.6% of the global medical polymers 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 polymers 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 12,860.5 million by 2030.
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Medical Polymers Market Scope
Medical Polymers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada medical polymers 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 polymers market will help companies and investors design strategic landscapes.
Fibers & resins was the largest segment with a revenue share of 63.56% in 2022. Horizon Databook has segmented the Canada medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.
The Canadian healthcare industry is attracting significant investments from both public and private sectors. The country is characterized by high health consciousness and high life expectancy, viz., 85 years for women and 79 years for men, thus, posing lucrative growth opportunities for medical polymer manufacturers in Canada.
According to the Canadian Dental Association, tooth decay accounts for one-third of all day surgeries performed on children aged between 1 and 5. Also, 3,200 Canadians are diagnosed with oral cancer every year. Apart from oral cancer, tooth decay and gum diseases are the other issues prevalent in the Canadian dental sector.
Due to the high prevalence of oral cancer in Canada, the country’s government encourages laboratories to develop dental implants for facial reconstruction surgery, predominantly for patients with oral cancer.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical polymers market size, by product, 2019-2030 (US$M)
Canada Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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