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OstomyStoma Care Market Size Set to Register 4.1 Billion USD by 2024

This Global OstomyStoma Care market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

 

Selbyville, DE -- (SBWIRE) -- 03/15/2019 -- According to a new study, the global ostomy care market is anticipated to reach USD 4.1 billion by 2024. Ostomy, also known as stoma is a surgical procedure that involves the removal of diseased portions of the urinary or gastrointestinal system and formation of an artificial opening in the stomach or abdomen to allow the elimination of body wastes. Colostomy, Ileostomy, and Urostomy are the three types of ostomy. In the colostomy, the opening is made from the large intestine to the abdominal wall so the feces can bypass through the anal canal. In Urostomy, the urine passes straight into a stoma bag and thus bypasses through urethra. In Ileostomy, the damaged part is removed from the ileum and diverted to an artificial opening in the abdominal wall.

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The global ostomy care market is driven by the rising geriatric population and increased number of ostomy surgeries in bladder cancer, bowel cancer, and inflammatory bowel diseases. Moreover, rising number of patient awareness programs on the use of ostomy products, and new product innovation are some of the key factors responsible for the growth of the market over the forecast period. However, difficult reimbursement climate and increased cost of surgical care are factors expected to stifle the growth of the global ostomy care market through the foreseeable future.

The overall market is segmented on the basis of product type, end user, and region. Based on the product, the global ostomy care market is further categorized into bags and accessories. The bags segment is further sub segmented into surgery type, usability, shape and system type. The surgery type is further broken down into colostomy, ileostomy, and urostomy. Among the surgery types, colostomy surgery is expected to exhibit strong growth followed by Ileostomy and urostomy. By usability, the bags are segmented into close end and drainable bags. On the basis of system type, the market is segmented into one-piece systems, and two-piece systems.

Accessories remain a very important part of the product offering and are a rapidly growing segment within ostomy care market. The accessories segment of global ostomy care market is further segmented into creams, deodorants, powders & pastes, cleansers, belt, tapes, and others.

On the basis of end user, the global ostomy care market is further segmented into hospitals, specialty clinics, home care settings, and ambulatory surgical centers. In 2017, the home care settings segment is estimated to dominate the global ostomy care market.

By geography, the global ostomy care market is segmented into five major regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is estimated to have the largest market share for ostomy care market in 2017. This region is dominated in ostomy care market due to increased prevalence of inflammatory bowel diseases. In addition, increased patient awareness programs continue to drive penetration and market growth in this region.

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Some of the key players:
Coloplast, ConvaTec Inc., Hollister Incorporated, Alcare Co., Ltd., B. Braun Melsungen AG, BAO-Health, Welland Medical Limited, Marlen International, Nu-Hope Laboratories, Inc., and Flexicare Medical Limited among others

Research objectives:

To study and analyze the global OstomyStoma Care size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of OstomyStoma Care by identifying its various subsegments.
Focuses on the key global OstomyStoma Care players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the OstomyStoma Care with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of OstomyStoma Care submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents:

1 OstomyStoma Care Market Overview
2 Manufacturers Profiles
3 Global OstomyStoma Care Market Competition, by Players
4 Global OstomyStoma Care Market Size by Regions
5 North America OstomyStoma Care Revenue by Countries
6 Europe OstomyStoma Care Revenue by Countries
7 Asia-Pacific OstomyStoma Care Revenue by Countries
8 South America OstomyStoma Care Revenue by Countries
9 Middle East and Africa Revenue OstomyStoma Care by Countries
10 Global OstomyStoma Care Market Segment by Type
11 Global OstomyStoma Care Market Segment by Application
12 Global OstomyStoma Care Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix

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