Yahoo Finance The Worldwide Ostomy Care and Accessories Industry is Expected to Reach $4+ Billion by 2030
Global Ostomy Care & Accessories Market
Dublin, Sept. 30, 2022 (GLOBE NEWSWIRE) -- The "Ostomy Care and Accessories Market By Product, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global ostomy care & accessories market was valued at $3,010.30 million in 2020, and is estimated to reach $4,773.43 million by 2030, growing at a CAGR of 4.5% from 2021 to 2030.
An ostomy is a surgically created artificial opening known as stoma in the abdomen to allow the elimination of bodily wastes. It is used to treat various gastrointestinal or urinary tract-related diseases. Depending on the reason for the procedure, it might be temporary or permanent.
Most stomas are incontinent, which means that the passage of bodily wastes from the stoma is not under voluntary control. Colorectal cancer, bladder cancer, Crohn's disease, ulcerative colitis, injury, birth defects, and other gastrointestinal or urinary medical conditions all require an ostomy treatment. Depending on the surgery's purpose, a stoma might be created in various parts of the body such as the colon or ileum.
Colostomy, ileostomy, and urostomy are the most common types of ostomies. Ostomy care involves ostomy bags for waste collection, which can be one piece or two pieces. Furthermore, ostomy accessories such as stoma rings, ostomy flanges, flange extenders, barrier sprays, barrier wipes, barrier creams, and powders are important elements of the ostomy care regimen, with each serving a specific purpose.
The major factors driving the growth of the global ostomy care & accessories market include increase in geriatric population suffering from gastrointestinal or urinary disorders, rise in prevalence of inflammatory bowel disorders (IBDs), and surge in cases of bladder & colorectal cancers.
Moreover, surge of chronic diseases leads to increase in the number surgeries, which may further require temporary ostomy care, thus propelling the adoption of ostomy care products. Ostomy bags have become more popular among ostomates as technology has advanced. Sensors integrated in ostomy bags are a significant characteristic that draws customer's attention, fueling the growth of the ostomy drainage bags market.
In addition, technological advancements; launch of various products; strategies among the key players such as acquisition, collaboration, and agreement drives the ostomy industry. For instance, February 2022, Coloplast A/S, a global leader in ostomy care announced the launch of its SenSura Mio range of ostomy products in Singapore. This new range provides superior fits to various body shapes, owing to the elastic adhesive and optimum discretion. Thus, increase in accessibility of such products is propelling the market growth.
However, unfavorable reimbursements as well as complications such as skin irritation, dehydration, and bowel obstruction restrain the growth of the market. Conversely, launch of plethora of products and rise in healthcare investments collectively suffice the unmet medical needs, especially in developing regions, which, in turn, are expected to foster the demand for ostomy products. Moreover, surge in demand for customized fit stoma products is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
The major players profiled in the report are 3M Company, Alcare Co., Ltd., B. Braun Melsungen AG, Clinimed Group (Welland Medical Limited), Coloplast A/S, Cymed Micro Skin, Hollister Incorporated, ConvaTec, Inc., Nu-Hope Laboratories, Inc., Schweitzer-Mauduit International, Inc. (Scapa Healthcare), Smith and Nephew Plc., and Torbot Group Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the ostomy care industry, market segments, current trends, estimations, and dynamics of the ostomy care and accessories market analysis from 2020 to 2030 to identify the prevailing ostomy care and accessories market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ostomy care and accessories market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global ostomy care and accessories market trends, key players, market segments, application areas, and market growth strategies.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: OSTOMY CARE AND ACCESSORIES MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 Ostomy Bags
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Ostomy Accessories
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: OSTOMY CARE AND ACCESSORIES MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Colostomy
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Ileostomy
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Urostomy
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: OSTOMY CARE AND ACCESSORIES MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Hospitals and Clinics
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Ambulatory Surgical Centers
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Home Care Settings
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: OSTOMY CARE AND ACCESSORIES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 3M Company
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Alcare Co., Ltd.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 B. Braun Melsungen AG
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Clinimed Group (Welland Medical Limited)
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Coloplast A/S
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Cymed Micro Skin
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Hollister Incorporated
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 ConvaTec, Inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Smith and Nephew Plc.
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Torbot Group Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/o2hxyn
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