Market Size of Canada Wound Care Management Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
