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 Stoma or Ostomy Care Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Stoma or Ostomy Care Market, as well as the causes for variances in the industry’s growth in various places.
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Stoma or Ostomy Care Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Stoma or Ostomy Care Market Drivers:
The presence of multiple e-commerce sites offering stoma/ostomy care and accessories drives product sales through this sales channel. Amazon, Stomabags, and Express Medical Supply Inc. are among the well-known e-commerce companies that provide large savings, warranties, and rapid customer support on stoma ostomy care products. Some hospitals, groups, and local and regional organizations are also attempting to raise awareness regarding stoma ostomy care items and accessories. One of the primary drivers of the stoma ostomy care and accessories market is technological advances in stoma ostomy care products. The market is likely to be driven by the development of appropriate and efficient pouching systems and related accessories that aid in enhancing the quality of life of stoma ostomy patients. Some of the leading market participants spending heavily on R&D to introduce new products are Coloplast Group, ConvaTec, Inc., and Hollister.
Colorectal cancer is the fourth most prevalent disease and the second leading cause of cancer-related deaths in the United States, according to a report published on NCBI. Colorectal cancer risk increases with age since it is most typically diagnosed in adults aged 65-74 years. Additionally, the frequency of colorectal cancer is growing in Asian nations such as China and Japan. Cancer most commonly manifests itself as a change within adenomatous polyps.
Stoma or Ostomy Care Market Segmentation:
by Product
1.Bagso
1.2 One Piece
2.3 Two Piece
2 Accessories
2.1Seals/Barrier Rings
2.2Pouch Cover
3.3 Pouch Closures
4.4 Stoma Caps/Hat
5. Others
by Application
1. Colostomy
2. Ileostomy
3. Urostomy
by End-use
1. Home Care Settings
2. Hospitals
3. Others
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Stoma or Ostomy Care Market Key Players: The key players are
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.
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Stoma or Ostomy Care Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Stoma or Ostomy Care Market Report are:
- Which sub-segment had the largest share in the Stoma or Ostomy Care Market?
- How is the competitive landscape of the Stoma or Ostomy Care Market in 2023?
- Which are the key drivers impacting the Stoma or Ostomy Care Market growth?
- Which region holds the maximum share in the Stoma or Ostomy Care Market?
- What will be the CAGR of the Stoma or Ostomy Care Market during the forecast period (2023-2029)?
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