Stoma Care Market Impressive Industry Growth, Industry demand Report , Companies, And Forecast 2029
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.
Market Overview :
The market research report of Stoma or Ostomy Care Market is accomplished by MMR, this report is carved by taking into consideration of market dynamics which is suitable for any type of business that lies in the same market.
Stoma or Ostomy Care market is rapidly growing and assumed to grow with given CAGR within the forecast period.
MMR report consists of qualitative as well as quantitative analysis which helps to analyse the restraints, opportunities, and challenges which help to scale business and give insides of industries.
MMR report not only represents analysis required for business but also guides to the understanding of work chain, market analytics, region-wise market potential, key points, and historical analysis which gives power to investors and buyers to make risk-free decisions.
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Market Scope :
Stoma or Ostomy Care market report is an ultimate guideline for business development and provides the user with ins and outs of the industry whether a user is an investor, business owner, or wants to start a business in the same industry.
Analysis in the report is conducted using widely used and trusted tools such as SWOT, and PESTLE analysis, which gives an analysis of the impacts such as political, social-cultural, economic, technological, and environmental impacts, also can build strategic planning and management using this analysis.
The report is designed in such a manner that it provides the readers the appropriate and up-to-date market data in graphical and tabular forms.
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Segmentation :
Depending on Type With about 85.0% of total revenue in 2020, the bags segment dominated the stoma or ostomy care market. The two types of stoma/ostomy bags are one-piece and two-piece bags. Stoma Medical devices called ostomy bags are used to collect urine or excrement. The most typical combinations that they are used with are urostomies, ileostomies, and colostomies. As a result, the market is being driven by a rise in spinal cord injuries, radiation damage, urine incontinence, and bladder cancer cases. For instance, the CDC calculated that the mean hospitalisation costs for Crohn's disease and ulcerative colitis in the United States were USD 11,345 and USD 13,412 respectively, contributing to the segment's growth.
The accessories market is anticipated to expand at the fastest rate, or 6.6%, between 2021 and 2028. Included are seals/barrier rings, pouch covers, pouch closures, and other accessories. They help to stop leaks, smell, and skin irritability. The market for stoma or ostomy care is expanding primarily due to an increase in the number of ostomates and stoma operations.
according to the application The senior population is expanding, colon cancer is becoming more common, and colostomy surgeries are increasing as a result. In 2021, the colostomy segment dominated the stoma or ostomy care market, accounting for the largest revenue share of 45.9%. The American Cancer Society reports that there were 44,180 new cases of rectal cancer and 101,420 new cases of colon cancer in the country in 2019. Colostomy bags are therefore anticipated to see an increase in demand throughout the course of the projection period. The sector is expected to increase over the course of the projection period in part due to the accessibility of various colostomy bag types, such as drainable or closed system bags, which are suited for specific patient needs. Due to the rise in the number of inflammatory
Key Players :
- • Coloplast Corp (US)
• Safe N Simple (US)
• Schena Ostomy Technologies (US)
• Flexicare Group Limited (US)
• Perma-Type Company Inc (US)
• Marlen Manufacturing & Development Company (US)
• Nu-Hope Labs (US)
• Torbot Group Inc. (US)
• 3M (US)
• Cymed Micro Skin (US)
• Hollister Incorporated (US)
• B. Braun Melsungen AG (Germany)
• ConvaTec Inc. (UK)
• Smith & Nephew (UK)
• Scapa Healthcare (UK)
• Salts Healthcare(UK)
• Welland Medical Limited(UK)
• Tytex A/S (Denmark)
• Coloplast Korea Limited (Korea)
• Alcare Co. Ltd. (Japan)
• Prowess Care (India)
• Avitr Farmica (India)
• Zhejiang Ailebao Medical Technologies Co. Ltd. (China)
• Coloplast Pty. Ltd. (Australia)
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Regional Analysis :
As Stoma or Ostomy Care market tends to rapid growth within the forecast period, the MMR report is structured to support that volatility with a regional analysis of the market.
Regional market analysis helps to understand the regional potential of the industry with detailed data that shows the traditional way of business, regional opportunities, trading chains, challenges and others.
This report is the ultimate guide for a new player in the industry to know the regional market competition, challenges, and advantages, to build their strategies and plans accordingly.
Key Questions answered in the Stoma or Ostomy Care Market Report are:
- What is Stoma or Ostomy Care Market?
- What is the forecast period of the Stoma or Ostomy Care Market?
- What is the competitive scenario of the Stoma or Ostomy Care market?
- Which region held the largest market share in the Stoma or Ostomy Care Market?
- What are the opportunities for the Stoma or Ostomy Care Market?
- What factors are affecting the Stoma or Ostomy Care market growth?
- Who are the key players of the Stoma or Ostomy Care market?
- Which company held the largest share in the Stoma or Ostomy Care market?
- What will be the CAGR of the Stoma or Ostomy Care market during the forecast period?
- What key trends are likely to emerge in the Stoma or Ostomy Care market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Stoma or Ostomy Care
- Landscape- Leading key players and other prominent key players.
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