Canada Wound Care Management Market Size (2024 - 2029)

The market size for wound care management in Canada is anticipated to experience significant growth over the forecast period, driven by an increase in chronic wounds and ulcers, particularly due to the rising incidence of diabetes and obesity. The COVID-19 pandemic had a substantial impact on the healthcare sector, leading to a shift towards telewound services to ensure continuous care. Despite these positive growth indicators, the market's expansion may be hindered by a lack of awareness regarding quality care in certain regions.

Home Market Analysis Healthcare Research Medical Devices Research Surgical Devices Research Wound Care Devices Research Wound Care Management Market in Canada Market Size

Market Size of Canada Wound Care Management Industry

Canada Wound Care Management Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.80 %
Market Concentration Medium

Major Players

Canada Wound Care Management Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Wound Care Management Market Analysis

Canada's Wound Care Management Market is poised to grow at a CAGR of 5.8% over the forecast period.

The healthcare industry in Canada was significantly hampered during the COVID-19 pandemic. According to the article published by the National Institute of Health in December 2020 titled, 'COVID-19 and wound care: A Canadian perspective,' there was a significant decrease in the in-patient wound-related visits in Canadian hospitals. As a result, telewound services were majorly used which include online consultation with the doctor. Telewound services helped patients to manage their wounds at home with online consultations from doctors. Data published by Swift Medical in October 2021, in Canada, wound contributes to around 50% of home and community healthcare which means that wounds are the most common and integral aspect of healthcare in Canada. Therefore, the Wound Care Inter-professional Team (IPT), a collaborative, cross-continuum care team, was established by Home and Community Care Support Services Central East (Central East) to help overcome the challenge and guarantee that patients continue to receive seamless, high-quality wound care in the home and community throughout the pandemic in Canada. Hence, owing to the above-mentioned factors, it is observed that the market for wound care management in Canada was largely affected due to the COVID-19 outbreak.

Canada wound care management devices market will show rapid growth due to the increase in diabetes and the obese population and the rise in chronic wounds and ulcers. Diabetes is one of the diseases that cause major wounds such as Diabetic Foot. Hence, an increase in the incidence of diabetes leads to the increasing demand for wound care management products. As per the data published by International Diabetes Federation (IDF) in 2021, the incidence of diabetes in Canada (per 100,000) for the year 2021 was around 37.9% in children aged between 0-14 years. In addition, the number of adults aged 20-79 years suffering from diabetes in Canada was around 3 million for the year 2021. Therefore, with the increasing burden of diabetes in Canada, the wound care management market is expected to witness healthy growth over the forecast period.

However, lack of awareness of good quality care in some territories of the country is expecte dto hamper the market growth over the forecast period.

Canada Wound Care Management Industry Segmentation

As per the scope of the report, wound management products are majorly used to treat complex wounds. Wounds and injuries are common afflictions that affect billions of people worldwide. The Canada Wound Care Management Market is Segmented by Product(Wound Care (Dressings, Bandages, Other Wound Care Products), Wound Closure and Wound Type (Chronic Wound (Diabetic Foot Ulcer, Pressure Ulcer, Other Chronic Wounds) and Acute Wound (Surgical Wounds, Burns, Other Acute Wounds)). The report offers the value (in USD million) for the above segments.

By Product
Wound Care
Dressings
Bandages
Wound Care Devices
Topical Agents
Wound Closure
Suture
Surgical Staplers
Tissue Adhesive, Sealant, and Glue
By Wound Type
Chronic Wound
Diabetic Foot Ulcer
Pressure Ulcer
Other Chronic Wound
Acute Wound
Surgical Wounds
Burns
Other Acute Wounds
Need A Different Region Or Segment?
Customize Now

Canada Wound Care Management Market Size Summary

The Canada wound care management market is anticipated to experience steady growth over the forecast period, driven by an increasing prevalence of diabetes and obesity, which contribute to chronic wounds and ulcers. The COVID-19 pandemic significantly impacted the healthcare sector, leading to a reliance on telewound services to manage wounds remotely. This shift highlighted the integral role of wound care in home and community healthcare. Collaborative efforts, such as the establishment of the Wound Care Inter-professional Team, aimed to ensure continuous, high-quality care despite the challenges posed by the pandemic. The market is characterized by the presence of global players like 3M, B. Braun Melsungen AG, and ConvaTec Group PLC, who are focused on developing innovative solutions to improve patient outcomes across the care continuum.

The demand for wound care management products is expected to rise due to the increasing incidence of diabetes-related wounds, such as diabetic foot ulcers. Additionally, the market is supported by initiatives to address pressure ulcers, with significant reductions in their prevalence and incidence over the past decade. Programs like the Pressure Ulcer Awareness and Prevention Program have contributed to this decline, reflecting a growing concern and proactive measures in Canada. Despite some challenges, such as limited awareness in certain regions, the market is poised for healthy growth, driven by both the need for effective wound care solutions and the efforts of various associations and organizations to improve care standards.

Explore More

Canada Wound Care Management Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in Diabetes and Obese Population

      2. 1.2.2 Rise in Chronic Wounds and Ulcers

      3. 1.2.3 Rapid Rise in the Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Awareness of Good Quality Care

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size - Value in USD million)

    1. 2.1 By Product

      1. 2.1.1 Wound Care

        1. 2.1.1.1 Dressings

        2. 2.1.1.2 Bandages

        3. 2.1.1.3 Wound Care Devices

        4. 2.1.1.4 Topical Agents

      2. 2.1.2 Wound Closure

        1. 2.1.2.1 Suture

        2. 2.1.2.2 Surgical Staplers

        3. 2.1.2.3 Tissue Adhesive, Sealant, and Glue

    2. 2.2 By Wound Type

      1. 2.2.1 Chronic Wound

        1. 2.2.1.1 Diabetic Foot Ulcer

        2. 2.2.1.2 Pressure Ulcer

        3. 2.2.1.3 Other Chronic Wound

      2. 2.2.2 Acute Wound

        1. 2.2.2.1 Surgical Wounds

        2. 2.2.2.2 Burns

        3. 2.2.2.3 Other Acute Wounds

Canada Wound Care Management Market Size FAQs

The Canada Wound Care Management Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)

3M Company , Cardinal Health, Inc. , Coloplast A/S , ConvaTec Group PLC and B. Braun Melsungen AG are the major companies operating in the Canada Wound Care Management Market.

Wound Care Market in Canada Report Snapshots

Canada Wound Care Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)