Stoma or Ostomy Care Market to hit USD 4.43 billion by 2029 Market Size, Share, Trends, Competetive Landscape, Key Players Benchmarking, MMR Competition Matrix
Pune, Dec 07, 2022: Maximize Market Research has published a new report entitled Stoma or Ostomy Care Market 2021-2029. The Stoma or Ostomy Care Market is estimated to be valued at USD 3 billion in 2021. The market is projected to reach a market value of USD 4.43 billion by 2029 and is expected to grow at a CAGR of 5 % during the forecast period 2022-2029.
Stoma or Ostomy Care Market Report Scope:
The report on Stoma/Ostomy Care provides a quantitative analysis of market size, price, M&A, demand, and supply chain, investment and expansion plans by key competitors, and predictions. Porter’s five forces study explains how buyers and suppliers build supplier-buyer networks and make profit-driven decisions. The present Stoma or Ostomy Care Market potential is assessed through detailed analysis and segmentation. The analysis will provide investors with a full insight into the industry’s future, as well as the elements likely to affect the firm favorably or adversely.
The analysis includes historical and current scenarios for the Stoma/Ostomy Care Market, as well as forecast market statistics. The comprehensive study of key competitors, including market leaders, followers, and new entrants, in the research, covers every element of the industry. The study includes strategic profiles of the leading market participants, a comprehensive evaluation of their core skills, and company-specific strategies for new product launches, expansions, partnerships, joint ventures, and acquisitions. The research serves as an investor’s guide with its clear representation of competitive analysis of key firms by product, price, financial condition, product portfolio, growth plans, and regional presence in both the domestic and local markets.
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Stoma or Ostomy Care Market Overview:
The stoma is a surgically constructed opening that allows farces to flow from the urinary system or the intestine. It is performed with surgical instruments in the lower abdomen to remove waste from the digestive system. Colostomy, urostomy, and ileostomy are only a few of the various ostomy segments. These operations are performed on patients dependent on the severity of their condition. People with inflammatory bowel disease (IBD), which includes ulcerative colitis or Crohn’s disease, infection, dysfunction or blockage of the gut or urinary system, intestinal cancer, and any accident-related damage to a specific area, are candidates for ostomy treatments. Ostomy surgery allows patients to expel biological waste via the small or large intestine.
Stoma or Ostomy Care Market Dynamics:
There are several e-commerce sites that sell stoma/ostomy care and accessories. Product sales are driven through this sales channel by the availability of various e-commerce sites offering stoma/ostomy care and accessories. Amazon, Stomabags, and Express Medical Supply Inc. are just a few of the well-known e-commerce sites that provide significant discounts, warranties, and quick customer service on stoma ostomy care items. Some hospitals, organizations and local and regional organizations are also making an effort to create awareness of stoma ostomy care supplies and accessories. Technological advancements in stoma ostomy care products are one of the key drivers of the stoma ostomy care and accessories industry. The development of suitable and efficient pouching systems and related accessories that contribute to improving the quality of life of stoma ostomy patients is expected to boost the market.
The advancement of suitable and efficient pouching systems and related accessories that contribute in improving the quality of life of stoma ostomy patients is projected to boost the market. Coloplast Group, ConvaTec, Inc., and Hollister are among the industry leaders investing extensively in R&D to offer new products.
Stoma or Ostomy Care Market Regional Insights:
In 2021, Europe accounted for 47.2% of total revenue in the stoma care industry. The region is likely to grow greatly throughout the forecast period. Factors such as an increase in the number of stoma patients due to Crohn’s disease and ulcerative colitis, or IBD, are expected to fuel market development in Europe over the forecast period. In Europe, around 731,000 people have an ostomy. According to the NCBI, IBD, which includes Crohn’s disease and ulcerative colitis, is on the rise in European nations. According to the Journal of Crohn’s and Colitis, the prevalence of ulcerative colitis and Crohn’s disease in Europe is increasing year after year. IBD is predicted to affect 0.3% of Europe’s total population.
Stoma or Ostomy Care Market Segmentation:
- One Piece
- Two Piece
- Seals/Barrier Rings
- Pouch Cover
- Pouch Closures
- Stoma Caps/Hat
- Home Care Settings
Stoma or Ostomy Care Market Key Competitors are:
- Coloplast Corp
- Hollister Incorporated
- B. Braun Melsungen AG
- ConvaTec Inc.
- Salts Healthcare
- Welland Medical Limited
- Flexicare Group Limited
- Alcare Co. Ltd.
- Cymed Micro Skin
- Marlen Manufacturing & Development Company
- Nu-Hope Labs
- Torbot Group Inc.
- Smith & Nephew
- Perma-Type Company Inc
- Scapa Healthcare
- Tytex A/S
- Prowess Care
- Safe N Simple
- Schena Ostomy Technologies
- Avitr Farmica
- Zhejiang Ailebao Medical Technologies Co. Ltd.
Key Questions answered in the Stoma or Ostomy Care Market Report are:
- What is the competitive scenario of the Stoma or Ostomy Care Market?
- Which are the key factors aiding the Stoma or Ostomy Care Market growth?
- Which region is expected to hold the largest share of the Stoma or Ostomy Care Market by 2029?
- What will be the CAGR of the Stoma or Ostomy Care Market during the forecast period?
- Which are the prominent players in the Stoma or Ostomy Care Market?
- What key trends are likely to emerge in the Stoma or Ostomy Care Market during the forecast period?
- What is the expected Stoma or Ostomy Care Market size by 2029?
- Which company held the largest share of the Stoma or Ostomy Care Market in 2021?
- Which application segment is expected to emerge as the leading segment in the Stoma or Ostomy Care Market?
- Which product segment held the largest share of the Stoma or Ostomy Care Market in 2021?
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report @ https://www.maximizemarketresearch.com/request-sample/1477
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Cooling Fluids, Application, Data Center, End-Use Industry, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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