• Blog
  • Stoma Care Ostomy Care And Accessories Market Report

    Stoma Care Ostomy Care And Accessories Market Report

    Stoma Care Ostomy Care And Accessories Market Report
    Report code - SR1623 Delivery - 2 Weeks
    Get Free Sample |
    Stoma Care/ Ostomy Care and Accessories Market Size, Share, Trend, Forecast, & In See more...

    Impact of COVID-19 on Stoma Care Ostomy Care And Accessories Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Stoma Care Ostomy Care And Accessories Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    What are stoma care/ ostomy care and accessories?

    Stoma care/ ostomy care and accessories are used to remove the diseased portion of the urinary system or gastrointestinal and creation of an artificial opening in the abdomen for the elimination of waste from the body. The stoma/ostomy body care products include bags, pouch covers, seals, and stoma caps among others.

    The Stoma Care/ Ostomy Care and Accessories Market is projected to grow from USD 2.9 billion in 2020 to USD 3.8 billion by 2026 at a CAGR of around 4.7% during the forecast period.

    Stoma Care/ Ostomy Care and Accessories Market - Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    USD 2.9 billion

    Market Size in 2026

    USD 3.8 billion

    Market Growth (2021-2026)

    4.7% CAGR

     

    Figure: Stoma Care/ Ostomy Care and Accessories Market Size, 2020-2026 (USD Billion)

    Stoma-Care-Ostomy-Care-and-Accessories-Market-Forecast

    Wish to get a free sample? Register Here

    Market Drivers

    The growth of the stoma care/ ostomy care and accessories market is primarily driven by the increasing prevalence of urinary system disorders. Expanding geriatric populace and rising consumer awareness regarding ostomy care are likely to bolster the growth of the stoma care/ ostomy care and accessories market at a significant rate during the review period. In addition to this, the growing demand for advanced stoma care/ ostomy care products and accessories is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    COVID-19 Impact on Stoma Care/ Ostomy Care and Accessories Market

    The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the stoma care/ ostomy care and accessories market negatively as supply disruptions affected the product availability in the market.

    Segments' Analysis

    End-User Trends

    By end-user, the stoma care/ ostomy care and accessories market has been bifurcated into home care settings, hospitals & ambulatory surgical centers, and others. The hospitals & ambulatory surgical centers segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of established infrastructure and skilled healthcare staff.

    Regional Trends

    By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to rising demand for advanced stoma/ostomy care products coupled with expanding geriatric populace and the presence of key market players such as Hollister Co. (US) and The 3M Company (US). The market growth in Asia-Pacific is expected to be driven by increasing spending on healthcare infrastructure development coupled with rising cases of urinary tract disorders.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Stoma Care/ Ostomy Care and Accessories market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-

    • What are the key trends in the Stoma Care/ Ostomy Care and Accessories market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Stoma Care/ Ostomy Care and Accessories market?
    • What are the key strategies adopted by the major vendors to lead in the Stoma Care/ Ostomy Care and Accessories market?
    • What is the market share of the top vendors?

    Get the full scope of the report. Register Here

    Key Players

    Key players operating in the Stoma Care/ Ostomy Care and Accessories market are-

    • ConvaTec Group plc (UK)
    • Coloplast A/S (Denmark)
    • Hollister Co. (US)
    • B. Braun (Germany)
    • Alcare Chemicals India Private Limited (India)
    • Nu-Hope Laboratories Inc. (US)
    • Marlen Manufacturing & Development Company (US)
    • Welland Medical Ltd (UK)
    • Flexicare Medical Ltd (UK)
    • Cymed (US)
    • Perma-Type Co Inc (US)
    • The 3M Company (US)
    • Smith & Nephew plc (UK).

    Target Audience

    Here is the list of the group of customers that the stoma care/ ostomy care and accessories market hopes to have the greatest opportunity to convert-

    • Stoma care/ ostomy care and accessories distributors
    • Stoma care/ ostomy care and accessories suppliers
    • Stoma care/ ostomy care and accessories manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The stoma care/ ostomy care and accessories market is expected to witness an impressive growth of 4.7% CAGR in the coming years.

    ConvaTec Group plc (UK), Coloplast A/S (Denmark), Hollister Co. (US), B. Braun (Germany), Al-care Chemicals India Private Limited (India), Nu-Hope Laboratories Inc. (US), Marlen Manufactur-ing & Development Company (US), Welland Medical Ltd (UK), Flexicare Medical Ltd (UK), Cymed (US), Perma-Type Co Inc (US), The 3M Company (US) and Smith & Nephew plc (UK) are among the key players in the stoma care/ ostomy care and accessories market.

    The stoma care/ ostomy care and accessories market size is expected to reach USD 3.8 billion in the foreseeable future.

    The hospitals & ambulatory surgical centers segment is expected to register significant growth in the stoma care/ ostomy care and accessories market in the next five years.

    North America accounted for the largest share in the stoma care/ ostomy care and accessories market in 2020.

    Stoma care/ ostomy care and accessories distributors, Stoma care/ ostomy care and accessories suppliers, Stoma care/ ostomy care and accessories manufacturers, Logistics organizations, Government bodies are the target audience in the stoma care/ ostomy care and accessories market.

    //