Canada Wound Closure Devices Market Size & Outlook
Canada wound closure devices market, 2018-2030 (US$M)
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Canada wound closure devices market highlights
- The Canada wound closure devices market generated a revenue of USD 913.5 million in 2023 and is expected to reach USD 1,580.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, sutures was the largest revenue generating product in 2023.
- Staples is the most lucrative product segment registering the fastest growth during the forecast period.
Wound closure devices market data book summary
| Market revenue in 2023 | USD 913.5 million |
| Market revenue in 2030 | USD 1,580.4 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Sutures |
| Fastest growing segment | Staples |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adhesives, Staples, Sutures, Strips, Mechanical wound closure devices |
| Key market players worldwide | 3M Co, Johnson & Johnson, B. Braun, Medtronic PLC, Baxter International Inc, Integra LifeSciences, Smith & Nephew PLC |
Other key industry trends
- In terms of revenue, Canada accounted for 5.7% of the global wound closure devices 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 devices 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 1,580.4 million by 2030.
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Wound Closure Devices Market Scope
Wound Closure Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada wound closure devices 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 devices market will help companies and investors design strategic landscapes.
Sutures was the largest segment with a revenue share of 40.78% in 2023. Horizon Databook has segmented the Canada wound closure devices market based on adhesives, staples, sutures, strips, mechanical wound closure devices 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 devices 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 devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada wound closure devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada wound closure devices market size, by product, 2018-2030 (US$M)
Canada Wound Closure Devices Market Outlook Share, 2023 & 2030 (US$M)
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