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Canada Wound Care Management Market - Growth, Trends, and Forecasts (2020 - 2025)

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    Report

  • 75 Pages
  • August 2020
  • Region: Canada
  • Mordor Intelligence
  • ID: 5175401
The Canadian 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.

Moreover, diabetes is one of the major wounds, causing diseases and the other few chronic diseases. According to Canada's statistics in 2017, 7.3% of Canadians aged 12 and older were diagnosed with diabetes. Therefore between 2016 and 2017, the proportion of males who reported being diagnosed with diabetes has increased from 7.6% in 2016 to 8.4% in 2017. The incidence of chronic wounds, especially foot ulcers, is increasing among the diabetic population. Therefore, the number of diabetic patients is expected to rise with the increasing geriatric population in the country, which, in turn, is expected to drive the growth of the wound care management devices in Canada.

Key Market Trends

In the Wound Closure Segment, Surgical Staplers are Expected to Grow at a Rapid Rate

Surgical staplers are specialized medical staplers that can be used as an alternative to sutures, which were normally used for wound closure. Surgical staplers can be used during minimally invasive image-guided procedures. Therefore, with the increasing demand for minimally invasive surgeries, the surgical staplers segment is expected to grow furthermore. And the various applications of surgical staplers include the areas of gynecology, abdominal surgeries, cardiothoracic and orthopedic surgeries.

Competitive Landscape

The market players are committed to developing innovative healing solutions for the customers and patients across the care continuum, generating proven clinical outcomes. The companies are also showing continuous growth and are developing new and differentiated products and services, which address the evolving healthcare needs among patients, providers, and consumers.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Diabetes and Obese Population
4.2.2 Rise in Chronic Wounds and Ulcers
4.2.3 Rapid Rise in the Technological Advancements
4.3 Market Restraints
4.3.1 Lack of Awareness of Good Quality Care
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Wound Care
5.1.1.1 Dressings
5.1.1.2 Bandages
5.1.1.3 Wound Care Devices
5.1.1.4 Topical Agents
5.1.2 Wound Closure
5.1.2.1 Suture
5.1.2.2 Surgical Staplers
5.1.2.3 Tissue Adhesive, Sealant, and Glue
5.2 By Wound Type
5.2.1 Chronic Wound
5.2.1.1 Diabetic Foot Ulcer
5.2.1.2 Pressure Ulcer
5.2.1.3 Other Chronic Wound
5.2.2 Acute Wound
5.2.2.1 Surgical Wounds
5.2.2.2 Burns
5.2.2.3 Other Acute Wounds
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 B. Braun Melsungen AG
6.1.3 Cardinal Health, Inc.
6.1.4 Coloplast A/S
6.1.5 ConvaTec Group PLC
6.1.6 Integra Lifesciences
6.1.7 Molnlycke Health Care
6.1.8 Medtronic PLC
6.1.9 Smith & Nephew
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 3M Company
  • B. Braun Melsungen AG
  • Cardinal Health, Inc.
  • Coloplast A/S
  • ConvaTec Group PLC
  • Integra Lifesciences
  • Molnlycke Health Care
  • Medtronic PLC
  • Smith & Nephew

Methodology

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