Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Ostomy Care and Accessories Market to Grow at a CAGR of 4.80% During 2022-2027, Driven by the Advancements in the Healthcare System to Ameliorate the Quality of Patient’s Life

According to a new report by EMR titled, ‘Global Ostomy Care and Accessories Market Report and Forecast 2022-2027’, the market attained a value of about USD 3.4 billion in 2021. The industry is further expected to grow at a CAGR of 4.80% in the forecast period of 2022-2027 to reach a value of USD 4.4 billion by 2027.

The ostomy care and accessories industry has been witnessing a considerable growth. The market is driven by the availability of trained nurses and healthcare professionals, a growing preference for home care settings both in developed and emerging countries, and the rising incidences of colorectal cancer, bladder cancer, and inflammatory bowel diseases. Additionally, the introduction of suitable and efficient pouching systems and associated accessories that serve to improve the quality of life of patients is likely to augment the market growth in the coming years. The efficient reimbursement system in developed countries is further propelling the growth of the market. Moreover, the increasing government efforts to organise awareness programmes to educate patients regarding the application of ostomy products are expected to further propel the market growth Geographically, Europe is expected to be one of the significant regions in the forecast period owing to factors such as the increased adoption of technologically advanced products and the growing prevalence of inflammatory bowel disorders in the region.

Accessories are predicted to be the fastest growing segment based on type as they aid in preventing odour, skin rashes, and leakage while providing customised solutions for specific needs or body shapes. Apart from this, the growth of the e-commerce industry and the easy availability of ostomy bags through online platforms like Amazon.com, Inc. (NASDAQ: AMZN) are expected to significantly contribute to the market growth over the forecast period.

Market Analysis by Type, Bag Type, Accessories, Procedure, End Use, Distribution Channel, and Region:

  • The market on the basis of type can be divided into bags and accessories.
  • On the basis of bag type, the industry can be segmented into 1 piece ostomy and 2 piece ostomy.
  • By accessories, the industry can be segmented into adhesives, belt and girdlers, and others.
  • Based on procedure, the industry can be categorised into colostomy, ileostomy, and urostomy.
  • The division of the industry based on end use includes hospitals, ambulatory centre, and home care.
  • The major distribution channels for ostomy care and accessories include direct, indirect, and online.
  • The regional markets for ostomy care and accessories include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for ostomy care and accessories is being driven by the increasing geriatric population and the improving healthcare infrastructure.
  • The industry is receiving a further impetus with the rising incidences of colorectal cancer, bladder cancer, and inflammatory bowel diseases.
  • An increase in demand for home healthcare services is expected to further propel the market growth.
  • The efficient reimbursement policies in developed countries have significantly contributed to the market expansion.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for ostomy care and accessories for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, bag types, accessories, procedures, end uses, distribution channels, and regions of ostomy care and accessories.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global ostomy care and accessories market are ConvaTec Inc., Coloplast Corp., Hollister Incorporated, B. Braun Melsungen AG, and CYMED, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER