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
The market research report on Stoma or Ostomy Care Market, published by MMR, provides a comprehensive analysis of the industry. It delves into strategy analysis, micro and macro market trends, pricing analysis, short-term market conditions, and a detailed examination of key competitors. The report offers extensive insights into primary and secondary market drivers, market share, major market segments, and regional market analyses. Additionally, it covers the analysis of leading companies, strategic alliances, mergers, acquisitions, and the latest innovations and corporate strategies.
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Stoma or Ostomy Care Market Scope
The Stoma or Ostomy Care Market report presents a detailed analysis of prominent market players, applications, and geographic conditions to identify key competitors on local and global levels. It also explores investment opportunities within the micro market and provides a comprehensive examination of the competitive landscape and the key products offered by companies.
Furthermore, the Stoma or Ostomy Care# Market report offers in-depth knowledge and understanding of trends, dynamics, restraints, and opportunities. The research identifies significant trends that will impact business operations and provides crucial information on the competitive landscape of key companies, factors influencing market size and volume, and other aspects that contribute to the current marketing plan. Additionally, a SWOT analysis is conducted to assess the strengths and weaknesses of the market.
Stoma or Ostomy Care Market Segmentation
In Light of Type, With over 85.0% of total revenue coming from bags, the segment dominated the market for stoma ostomy treatment and accessories in 2020. There are two varieties of stoma/ostomy bags: one-piece and two-piece. Stoma Urine or feces are collected by medical devices called ostomy bags. The most common uses for them are in conjunction with ileostomies, colostomies, and urostomies. The market is being driven by a surge in bladder cancer cases, urine incontinence, radiation damage, and spinal cord injuries. The CDC, for instance, calculated that the typical hospitalization costs in the US for ulcerative colitis and Crohn’s disease were USD 13,412 and USD 11,345 respectively, contributing to the segment’s increase.
Predicated on the Submission, The market for ostomy care and accessories was dominated by the colostomy category in 2020, accounting for the largest revenue share of 45.9%, due to the aging population, the high incidence of colon cancer, and the associated colostomy procedures. The United States saw 101,420 new instances of colon cancer and 44,180 new cases of rectal cancer in 2019, according to the American Cancer Society. As a result, throughout the anticipated period, there will probably be an increase in demand for colostomy bags. Moreover, the sector is expected to increase during the projection period due to the availability of different types of colostomy bags, such as drainable or closed system bags, which are perfect for certain patient demands.
Home care settings, which accounted for 45.4% of total revenue in 2020 and are expected to expand at the quickest rate throughout the projection period, dominated the market based on end-use. It is anticipated that the growing demand for home healthcare services would give rise to this category. Home care services ensure that a patient receives the right therapy and ongoing ostomy care from qualified nurses. This significantly reduces the possibility of ostomy-related issues, which means fewer trips to the ER. Maintaining a healthy stoma as well as replacing and emptying ostomy bags are part of at-home ostomy care. The industry is expected to grow as a result of rising home care demand and the availability of trained nurses in both developed and developing regions.
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 research report provides a comprehensive analysis of the Stoma or Ostomy Care industry, with a focus on segmenting the market across various regions. The report examines regional market competitors and their performance in the target market. It evaluates North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East, both at the regional and country levels. Thorough investigation of regional markets is conducted to uncover trends, limitations, and potential opportunities specific to each region.
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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