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 new report, Global Stoma or Ostomy Care Market 2021-2027, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Stoma or Ostomy Care market.
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Stoma or Ostomy Care Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Stoma or Ostomy Care market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Stoma or Ostomy Care market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
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:
It then discusses the top competitors in the worldwide Stoma or Ostomy Care market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
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 report has analyzed the global Stoma or Ostomy Care market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Stoma or Ostomy Care market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Stoma or Ostomy Care Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Stoma or Ostomy Care Market Report are:
- Which are the major companies in the Stoma or Ostomy Care market?
- Which is the potential market for Stoma or Ostomy Care in terms of the region?
- Which application area of Stoma or Ostomy Care is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Stoma or Ostomy Care market size by 2027?
- What are the growth prospects for the Stoma or Ostomy Care market?
- What is the base year considered in the Stoma or Ostomy Care market report?
- Which region holds the largest market share in the Stoma or Ostomy Care market?
- What factors are anticipated to drive the Stoma or Ostomy Care market?
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