Canada Ostomy Care And Accessories Market Size & Outlook
Canada ostomy care and accessories market, 2018-2030 (US$M)
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Canada ostomy care and accessories market highlights
- The Canada ostomy care and accessories market generated a revenue of USD 141.3 million in 2023 and is expected to reach USD 188.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.2% from 2024 to 2030.
- In terms of segment, bags was the largest revenue generating product in 2023.
- Accessories is the most lucrative product segment registering the fastest growth during the forecast period.
Ostomy care and accessories market data book summary
| Market revenue in 2023 | USD 141.3 million |
| Market revenue in 2030 | USD 188.0 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Bags |
| Fastest growing segment | Accessories |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bags, Accessories |
| Key market players worldwide | Coloplast A/S ADR, ConvaTec Group PLC, Hollister, Marlen Manufacturing and Development Co., Nu-Hope Laboratories, Perfect Choice Medical Technologies, Safe N Simple, AdvaCare Pharma, CyMed, Eakin Healthcare Group, Alcare Diagnostics & Research Center |
Other key industry trends
- In terms of revenue, Canada accounted for 3.8% of the global ostomy care and accessories 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. ostomy care and accessories market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 188.0 million by 2030.
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Ostomy Care And Accessories Market Scope
Ostomy Care And Accessories Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada ostomy care and accessories 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 ostomy care and accessories market will help companies and investors design strategic landscapes.
Bags was the largest segment with a revenue share of 85% in 2023. Horizon Databook has segmented the Canada ostomy care and accessories market based on bags, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
The market for ostomy care in Canada is mainly driven by the increasing number of patients suffering from Inflammatory Bowel Disease (IBD) and rising awareness regarding ostomy care. According to the Journal of the Canadian Association of Gastroenterology, in 2018, Canada had among the highest rates of childhood-onset IBD in the world.
Several organizations such as Winnipeg Ostomy Association (WOA) in Canada assist people who requires ostomy care and raise awareness regarding ostomy care. WOA is a healthcare organization dedicated toward assisting people who require ostomy care, such as patients of urinary tract diversion and intestinal tract.
It provides visiting programs to individuals who have undergone ostomy related surgeries. Thus, rising number of awareness programs by associations and increasing number of individuals suffering from IBD are driving the growth of the ostomy care and accessories market in Canada.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ostomy care and accessories market , including forecasts for subscribers. This country databook contains high-level insights into Canada ostomy care and accessories market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada ostomy care and accessories market size, by product, 2018-2030 (US$M)
Canada Ostomy Care And Accessories Market Outlook Share, 2023 & 2030 (US$M)
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