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Stoma Care Ostomy Care And Accessories Market Report
Stoma Care/ Ostomy Care and Accessories Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028
The Stoma Care/ Ostomy Care and Accessories Market is projected to grow from USD 3.29 billion in 2021 to USD 4.65 billion by 2028 at a CAGR of around 5.05% during the forecast period of 2022-2028.
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 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.
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.
Key players operating in the Stoma Care/ Ostomy Care and Accessories market are-
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 home care settings segment accounted for more than 45% market share in 2021 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.
By region, the Europe accounted for the largest market share of more than 45.9% in 2021 and is projected to grow at a robust CAGR during the forecast 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.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Here is the list of the group of customers that the stoma care/ ostomy care and accessories market hope to have the greatest opportunity to convert-
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The stoma care/ ostomy care and accessories market is expected to witness an impressive growth of 5.05% CAGR during 2022-2028.
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 market.
The stoma care/ ostomy care and accessories market size is expected to reach USD 4.65 billion in the foreseeable future.
The hospitals & ambulatory surgical centers segment is expected to register significant growth in the market in the next five years.
Europe accounted for the largest share in the market in 2021.
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 market.
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