Canada Wound Care Management Devices Market, By Product (Traditional Wound Care Products, Wound Dressings, Negative Pressure Wound Therapy, Wound Closure Devices, Ostomy, and Compression Therapy), By End-user (Hospitals and Community), and By Region (Canada) - Trends, Analysis and Forecast till 2034

Canada Wound Care Management Devices Market was valued at US$ 2.7 billion in 2024 and is projected to grow at a CAGR of 6.7% to reach US$ 4.9 billion by 2034.

Canada wound care management devices market is expected to grow rapidly due to an increase in the number of people with diabetes, obesity, and chronic wounds and ulcers. Diabetic foot is one of the severe wounds that can result from diabetes. As a result, as the prevalence of diabetes rises, so does the need for solutions to manage wound care.Canada's universal healthcare system will need significant changes as the country's population ages to meet the long-term needs of wound care in terms of accessibility and affordability. The market for wound care management includes supplies, tools, and other tools for treating and preventing wounds and accelerating or promoting wound healing.

The primary trend propelling the use of wound care management devices is the rise in government activities aimed at preventing wounds and injuries, along with rapid technological improvements. Over the projected period, however, it is anticipated that the lack of awareness regarding high-quality care in several regions of the nation will impede market expansion.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Canada Wound Care Management Devices Market Key Drivers:

Increase in diabetes cases in the region

• One central element propelling the Canadian market for wound care management devices is the increase in diabetes cases. Diabetes affects circulation and blood flow, especially in the extremities. This may result in neuropathy, a disorder that lessens feeling in the feet. Because of this, people with diabetes may get cuts without even recognizing it, and minor wounds may get worse because of slowed healing. One of the significant injuries that diabetes can cause is diabetic foot. Consequently, as diabetes becomes more common, there is an increasing demand for wound care products.
• For instance, in October 2022, according to a report published by the Public Health Agency of Canada, among the most prevalent chronic diseases affecting Canadians, diabetes is a severe health concern. Diabetes comes in three primary forms: type 1, type 2, and gestational diabetes. Some varieties are not frequent. Ninety percent of instances are thought to be type 2, nine percent to be type 1, and less than one percent of cases are thought to be other forms of gestational diabetes. After accounting for the aging population, the prevalence of diabetes is rising at an average annual rate of 3.3% in Canada, where it affects over 3 million people or 8.9% of the total population. A higher risk of developing type 2 diabetes is associated with prediabetes, which affects 6.1% of Canadian adults aged 20 to 79.

An increasing number of chronic injuries

• In Canada, the frequency of pressure ulcers and diabetic ulcers, among other chronic wounds, is rising. Aging populations, sedentary lifestyles, and an increase in chronic illnesses like diabetes and obesity are the leading causes of this. As a result, target market expansion has been driven by the rising need for efficient wound care management solutions.

Canada Wound Care Management Devices Market Restrains:

Major focus on limiting expenses along with the shortage of skilled labors

• The higher costs associated with such products are a major restraining factor for the target market. As a result, healthcare facilities may choose more affordable traditional wound care items over innovative, possibly higher-costing solutions. Additionally, in certain areas, the adoption of advanced wound care devices may be impeded by a need for qualified healthcare personnel with the necessary training.

Canada Wound Care Management Devices Market is segmented based on product, end-user, and region.

Product Insights

• Traditional Wound Care Products: Traditional wound management includes applying dressings to the wound to cover and prevent infection. Conventional dressings for wounds are dry and do not create a moist environment for the wound. They serve as either primary or secondary dressings or can be made from composites of multiple dressings, each of which has a distinct purpose. They act as immobile barriers to the injury. Abdominal pads, gauze sponges, bandages, and gauze are all included in this section.
• Wound Dressings: Wound dressings are innovative products administered directly to a wound bed to manage and encourage different components of the healing process. They include cutting-edge dressings with moisture management and healing properties, such as hydrogels, alginates, foams, and films.
• Negative Pressure Wound Therapy: Negative pressure wound therapy utilizes tube, suction, and wound dressing to remove potentially infectious particles from the wound and excess exudate. Healthcare teams and wound care specialists employ negative pressure wound therapy to encourage faster wound healing because it offers considerable therapeutic benefits for acute and, difficult and extensive, chronic wounds.
• Wound Closure Devices: Wound closure devices comprise specifically made staples, sutures, and mechanical devices that help seal wounds by pushing the borders of the injured tissue closer together. The designs of wound closure devices differ, and depending on their function and manufacturer, they may absorb into the skin or need to be adjusted in terms of tension or pressure after being applied to a patient. Use for surgical, traumatizing, and chronic wounds, as well as skin grafts and flaps, may be recommended.
• Ostomy: Ostomy products are medical devices explicitly intended for patients who have had ostomy surgery. This procedure redirects waste from the urinary or digestive systems by making an incision (stoma) in the abdominal wall. Ostomy supplies aid in the discrete and efficient management of this waste. They have drainage tubes and pockets to handle waste from urine or intestinal diversions.
• Compression Therapy: Compression therapy has long been an essential component of care for wounds caused by venous insufficiency and vascular management. Its two advantages are improved venous return and edema management. Stockings or bandages are applied with varying pressure to enhance circulation and control edema.

End-user Insights

• Hospitals: Hospitals are the principal users of these products, applying wound care equipment in diverse contexts such as burn units, surgical wards, and emergency rooms.
• Community: The community end-user type has patients who can manage wounds with the assistance of healthcare experts in ambulatory care centers, home care settings, and long-term care institutions.

Regional Insights:           

Canada Wound Care Management Devices Market Regional Insights

• Canada's market is observing a rise in medical device companies that can introduce novel and inventive equipment and expect significant rewards due to the swift changes in the wound closure device market. The market for wound care management devices is expected to grow due to several factors, including an aging population, an increase in the number of people with chronic wounds, ulcers, and diabetes, an increase in surgeries, an increase in government initiatives aimed at preventing injuries, and the rapid advancement of technology.

Report Scope:

Attribute	Details
Market Size 2024	US$ 2.7 billion
Projected Market Size 2034	US$ 4.9 billion
CAGR Growth Rate	6.7%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Product - Traditional Wound Care Products, Wound Dressings, Negative Pressure Wound Therapy, Wound Closure Devices, Ostomy, and Compression Therapy By End-user - Hospitals and Community
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Canada Wound Care Management Devices Market report based on product, end-user and region:

Canada Wound Care Management Devices Market, By Product:

• Traditional Wound Care Products
• Wound Dressings
• Negative Pressure Wound Therapy
• Wound Closure Devices
• Ostomy
• Compression Therapy

Canada Wound Care Management Devices Market, By End-user:

• Hospitals
• Community

Canada Wound Care Management Devices Market, By Region:

• Canada

The key players operating the Canada Wound Care Management Devices Market includes, Philips Healthcare, Hitachi, AGFA HealthCare, Siemens Healthcare, Shimadzu Corporation, Toshiba Medical Systems, Fujifilm, Cardinal Health, Inc., Coloplast A/S, and ConvaTec Group PLC.

Recent Developments:                                                      

• In April 2022, Wounds Canada and Health Espresso have developed a digital solution that will digitize a patient's journey and link allied health team members at the appropriate moment to decrease acute and difficult-to-heal wounds, decrease hospitalizations, and enhance patient outcomes. The solution will benefit patients, policymakers, researchers, and front-line clinicians.
• In February 2021, the Telewound Care Canada Initiative was established by a group of prominent Canadian organizations to allow patients to get virtual wound care during COVID-19. The goal of this project was to develop telehealth solutions for wound care. Through video consultations, patients could communicate electronically with medical specialists rather than needing to make in-person visits.

• Philips Healthcare *
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Hitachi
• AGFA HealthCare
• Siemens Healthcare
• Shimadzu Corporation              
• Toshiba Medical Systems
• Fujifilm
• Cardinal Health, Inc.
• Coloplast A/S
• ConvaTec Group PLC

“*” marked represents similar segmentation in other categories in the respective section.

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Methodology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Sources
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Sources
  • Secondary Sources
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for medical carts Strategies
  • Key Questions this Study will Answer
  • Market Snippet, By Product
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

Market Segmentation, By Product, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Traditional Woundcare Products
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Wound Dressings
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Negative Pressure Wound Therapy
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Wound Closure Diseases
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Ostomy
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Compression Therapy
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Therapy, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Therapy, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Therapy, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Therapy, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• Brazil
• Mexico
• Rest of Latin America

 

• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Therapy, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• GCC
• Israel
• South Africa
• Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• Hitachi
  •   Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• AGFA HealthCare
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Siemens Healthcare
  •  Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Shimadzu Corporation             
  •   Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Toshiba Medical Systems
  •  Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Fujifilm
  •  Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contact