Aishwarya Bhasme Stoma or Ostomy Care Market size was valued at USD 3 Bn. in 2021 and market is expected to grow by 5 % from 2022 to 2029, reaching nearly USD 4.43 Bn.
Stoma or Ostomy Care Market Overview
Maximize Market Research’s global Stoma or Ostomy Care Market research report offers a comprehensive analysis of the latest market trends, applications, analysis, growth, and forecast for the period 2021-2029. The report predicts that the Stoma or Ostomy Care market will witness a CAGR of XX percent in terms of value over the forecast period. It provides an in-depth analysis, revenue statistics, and other crucial data pertaining to the global Stoma or Ostomy Care industry. Additionally, the report covers various trends, drivers, limitations, opportunities, and threats that the market may encounter during the forecast period. The research includes financials, supply chain trends, technological advancements, and significant developments of leading competitors in the industry. It also sheds light on future strategies, acquisitions & mergers, and the market footprint of key players.
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Stoma or Ostomy Care Market Scope
The Global Stoma or Ostomy Care Market research report encompasses crucial statistics and analytical insights to facilitate a comprehensive understanding of market size, market share, growth, trends, demand, top players, industry profiles, opportunities, value cycle, end-users, types, and applications. The research also highlights potential opportunities in micro markets for stakeholders to invest in, along with a detailed analysis of the competitive landscape and product offerings of significant competitors.
The qualitative and quantitative data presented in the Stoma or Ostomy Care market study enables decision-makers to discern the market segments and regions expected to exhibit higher growth rates, identify factors influencing the market, and identify key areas of opportunity. The report also encompasses the competitive landscape of key players in the industry, along with emerging trends in the Stoma or Ostomy Care market.
Stoma or Ostomy Care Market Segmentation
Depending on Type With over 85.0% of total revenue in 2020, the bags segment dominated the market for stoma ostomy care and accessories. The two types of stoma/ostomy bags are one-piece and two-piece bags. Stoma Medical devices called ostomy bags are used to collect urine or feces. The most typical combinations that they are used with are urostomies, ileostomies, and colostomies. As a result, the market is being driven by a rise in spinal cord injuries, radiation damage, urine incontinence, and bladder cancer cases. For instance, the CDC calculated that the mean hospitalization costs for Crohn’s disease and ulcerative colitis in the United States were USD 11,345 and USD 13,412 respectively, contributing to the segment’s growth.
According to the application The colostomy category dominated the market for ostomy care and accessories in 2020, accounting for the largest revenue share of 45.9%, as a result of an increase in the senior population, a high incidence of colon cancer, as well as concomitant colostomy procedures. The American Cancer Society reports that there were 44,180 new cases of rectal cancer and 101,420 new cases of colon cancer in the country in 2019. Colostomy bags will therefore continue to be in high demand over the anticipated time period. Additionally, the availability of numerous colostomy bag types, including drainable and closed system bags that are perfect for specific patient needs, is boosting sector growth during the course of the forecast period.
Home care settings, which accounted for 45.4% of total revenue in 2020, dominated the market based on end-use and are expected to expand at the quickest rate throughout the forecast period. It is anticipated that this industry would grow as a result of the rise in demand for home healthcare services. Home care services ensure that a patient gets the right care and continues to receive ostomy care from qualified nurses. This significantly reduces the possibility of ostomy-related issues, which leads to fewer trips to the emergency room. Ostomy care at home includes replacing and emptying ostomy bags as well as maintaining a healthy stoma. The sector is anticipated to grow as a result of rising demand for home care services and the availability of qualified nurses in both developed and developing economies.
1 Global Stoma or Ostomy Care Market, by Product (2022-2029)
• Bags
o One Piece
o Two Piece
• Accessories
o Seals/Barrier Rings
o Pouch Cover
o Pouch Closures
o Stoma Caps/Hat
• Others
2 Global Stoma or Ostomy Care Market, by Application (2022-2029)
• Colostomy
• Ileostomy
• Urostomy
3 Global Stoma or Ostomy Care Market, by End-use (2022-2029)
• Home Care Settings
• Hospitals
• Others
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Stoma or Ostomy Care Market Key Players
1. Coloplast Corp
2. Hollister Incorporated
3. B. Braun Melsungen AG
4. ConvaTec Inc.
5. Salts Healthcare
6. Welland Medical Limited
7. Flexicare Group Limited
8. Alcare Co. Ltd.
9. Cymed Micro Skin
10.Marlen Manufacturing & Development Company
11.Nu-Hope Labs
12.Torbot Group Inc.
13.Smith & Nephew
14.Perma-Type Company Inc
15.3M
16.Scapa Healthcare
17.Tytex A/S
18.Prowess Care
19.Safe N Simple
20.Schena Ostomy Technologies
21.Avitr Farmica
22.Zhejiang Ailebao Medical Technologies Co. Ltd.
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Regional Analysis
The Stoma or Ostomy Care market comprises Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America as its key regions. The Stoma or Ostomy Care Market Research analyzes the market’s primary geographies, as well as its segments and sub-segments. The market report includes information on the geographic landscape of each region and provides insights into the total market revenue. Additionally, the report features an in-depth analysis of the business chain structure, opportunities, and company profiles to provide a comprehensive understanding of the Stoma or Ostomy Care market.
Key Questions answered in the Stoma or Ostomy Care Market Report are:
- What is Stoma or Ostomy Care Market?
- What is the forecast period of the Stoma or Ostomy Care Market?
- What is the competitive scenario of the Stoma or Ostomy Care market?
- Which region held the largest market share in the Stoma or Ostomy Care Market?
- What are the opportunities for the Stoma or Ostomy Care Market?
- What are the restraining factors in the Stoma or Ostomy Care market?
- Who are the key players of the Stoma or Ostomy Care market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Stoma or Ostomy Care#
- Landscape- Leading key players and other prominent key players.
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