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United States Ostomy Care and Accessories Market to Grow at a CAGR of 5% During 2022-2027, Aided by the Increasing Incidences of Cancer

According to a new report by EMR titled, ‘United States Ostomy Care and Accessories Market Report and Forecast 2022-2027’, the United States market for ostomy care and accessories is expected to grow at a CAGR of 5% in the forecast period of 2022-2027.

The market for ostomy care in the United States is being driven by the growing cases of cancer in the country. According to the National Cancer Institute, the rate of new cancer cases in the United States is 442.4 per 100,000 women and men per year. This is surging the demand for stoma care, hence bolstering the market growth of ostomy care and accessories in the country. Moreover, the robust healthcare industry in the country is increasing the accessibility of all socioeconomic classes to optimal healthcare, which is also escalating the utilisation of ostomy care and accessories. Advancements in medical technology are projected to fuel the market growth of ostomy care. This is surging the deployment of 3D printing to develop personalised ostomy accessories. Also, the use of 3D printing technology is expected to boost the cost-effectiveness of ostomy care products and accessories, which is estimated to propel the market growth.

Coloplast Corp (OTCMKTS: CLPBY), one of the leading companies in the market, introduced two new innovative products for premature kids and babies in July 2019. The new products, SenSura Mio Baby and SenSura Mio Kids, enable the company to offer a full range of ostomy care products for each body profile. The SenSura Mio Baby product range provides a long wear time to prevent side effects in premature babies with sensitive skin. Moreover, the products are designed for round bellies of children, and combine and function to enhance children’s experience. Such products are leading to the development of ostomy care and accessories products, which is propelling the growth of the market.

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

  • The market, on the basis of type, can be divided into bags and accessories.
  • Based on bag types, the industry can be divided into 1 piece ostomy and 2 piece ostomy.
  • The major accessories of ostomy care and accessories include adhesives, and belts and girdlers, among others.
  • By procedures, the market is segmented into colostomy, ilostomy, and urostomy.
  • The end uses of ostomy care and accessories are hospitals, ambulatory centre, and home care.
  • The market, based on distribution channel, is classified into direct, indirect, and online.
  • The regional markets for ostomy care and accessories include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

Key Findings of the Report:

  • The growing geriatric population with various health-related issues is increasing the demand for optimal ostomy care and accessories in the United States, which is fuelling the market growth.
  • The market is being aided by the trend of home healthcare, which is bolstering the demand for ostomy care and accessories in the residential sector.
  • The growing preference for customised ostomy care products that can provide enhanced comfort and protection is augmenting the market growth of ostomy care and accessories in the United States.
  • The increasing development of innovative ostomy care with versatile textures and designs to boost the confidence of patients while minimising the social stigma associated with such products is fuelling the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the United States 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 major regions of ostomy care and accessories of the United States.
  • 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 United States 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.

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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.

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