Growth Factors of Ostomy/Stoma Care and Accessories Market
The global ostomy/stoma care and accessories market size was valued at USD 2.81 billion in 2018 and is projected tgrow tUSD 5.77 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period of 2019-2032.
The COVID-19 pandemic notably impacted the Ostomy/Stoma Care and Accessories Market, leading tdisruptions in delivery chains and behind-schedule non-compulsory surgical procedures, briefly reducing calls. However, the increasing adoption of home healthcare solutions and telemedicine consultations helped preserve the marketplace, ensuring continuity of care for ostomy patients during the crisis and impeding the ostomy/stoma care and accessories market growth.
The Ostomy/Stoma Care and Accessories Market is pushed by way of the developing prevalence of colorectal and bladder cancers, growing cases of inflammatory bowel ailments, and increasing cognizance of stoma care—technological improvements in ostomy products, together with skin-friendly adhesives and scent-manage capabilities, and the increasing geriatric populace.
The Ostomy/Stoma Care and Accessories marketplace is experiencing a massive boom, driven using elements that include a growing old population with an expanded prevalence of persistent ailments, advancements in surgical strategies, and an ever-increasing emphasis on improving affected persons high-quality lifestyles, mainly tthe expansion of ostomy/stoma care and accessories market share globally. Key tendencies include the development of more comfortable and discreet ostomy appliances, the incorporation of advanced substances for superior skin protection and reduced irritation, and the growing availability of personalized care answers tailored tindividual affected person desires.
Comprehensive Analysis of Ostomy/Stoma Care and Accessories Market
The Ostomy/Stoma Care and Accessories Market is segmented through product, process, and cease person. By product, the market includes ostomy bags (one-piece and two-piece) and add-ons, which include adhesive removers, defensive films, powders, deodorants, and support clothes. Ostomy bags dominate the marketplace due tadvancements and improved stoma surgeries, even as add-ons show considerable increase thanks ttheir significant use for pores and skin safety. By procedure, the marketplace is labeled intcolostomy, ileostomy, and urostomy. Colostomy holds the most crucial percentage, pushed by way of growing colon cancer cases, while ileostomy and urostomy segments grow because of high method volumes and growing bladder cancer occurrence. By end person, the market is divided inthospitals, domestic care, and specialty clinics. The home care section leads, propelled by the quicker adoption of domestic offerings, while hospitals and forte clinics gain from growing stoma surgeries and specialized nursing help.
The Europe region led the ostomy/stoma care and accessories market by benefitting a size of USD 1.38 billion in 2018 due tthe speedy adoption of homecare services, the strategic presence of most important producers, and extended authorities reforms.
The leading players in the ostomy/stoma care and accessories market significantly influence its growth trajectory and set industry standards. These key players, including Coloplast Corp (Denmark), ConvaTec Inc. (U.K.), Hollister Incorporated (U.S.), PAUL HARTMANN AG (Germany), B. Braun Melsungen AG (Germany), ALCARE Co., Ltd. (Japan), Salts Healthcare (U.K.), and Welland Medical Limited (U.K.), contribute ta competitive landscape, driving innovation and market advancement.
In July 2019, Coloplast delivered SenSura MiKids and SenSura MiBaby, a specialized variety of stoma care products for kids and preterm infants.
Segmentation Table
ATTRIBUTE DETAILS
Study Period - 2015-2026
Base Year - 2018
Forecast Period - 2019-2026
Historical Period - 2015-2017
Unit - Value (USD billion)
Segmentation By Product
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