Canada Wound Closure And Advanced Wound Care Market Size & Outlook
Canada wound closure and advanced wound care market, 2018-2030 (US$M)
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Canada wound closure and advanced wound care market highlights
- The Canada wound closure and advanced wound care market generated a revenue of USD 96.2 million in 2023 and is expected to reach USD 133.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, fibrin-based sealants was the largest revenue generating product in 2023.
- Hydrocolloids-based Sealants is the most lucrative product segment registering the fastest growth during the forecast period.
Wound closure and advanced wound care market data book summary
| Market revenue in 2023 | USD 96.2 million |
| Market revenue in 2030 | USD 133.5 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Fibrin-based sealants |
| Fastest growing segment | Hydrocolloids-based Sealants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibrin-based Sealants, Collagen-based Sealants, Hydrocolloids-based Sealants, Synthetic Adhesives |
| Key market players worldwide | Smith & Nephew PLC, Molina Healthcare Inc, Acelity, ConvaTec Group PLC, Baxter International Inc, Johnson & Johnson, Coloplast A/S ADR, Medtronic PLC, 3M Co, Medline Industries |
Other key industry trends
- In terms of revenue, Canada accounted for 6.8% of the global wound closure and advanced wound care 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. wound closure and advanced wound care 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 133.5 million by 2030.
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Wound Closure And Advanced Wound Care Market Scope
Wound Closure And Advanced Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada wound closure and advanced wound care 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 wound closure and advanced wound care market will help companies and investors design strategic landscapes.
Fibrin-based sealants was the largest segment with a revenue share of 27.23% in 2023. Horizon Databook has segmented the Canada wound closure and advanced wound care market based on fibrin-based sealants, collagen-based sealants, hydrocolloids-based sealants, synthetic adhesives covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is a rapidly developing market for wound closure & advanced wound care products owing to rising geriatric population, increasing government funding, and favorable reimbursement policies. In Canada, a major part of the healthcare is publicly funded, which has led to advancements in healthcare facilities.
This is expected to propel the market growth in Canada. Moreover, as per survey by the Canadian Medical Association in 2017, the number of surgeons has been rapidly increasing in the country, thus number of surgical procedures are also expected to rise. These factors are thus anticipated to drive the demand for wound closure & advanced wound care products in Canada over the forecast period.
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Our clientele includes a mix of wound closure and advanced wound care market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada wound closure and advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into Canada wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada wound closure and advanced wound care market size, by product, 2018-2030 (US$M)
Canada Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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