SEATTLE, August 02, 2021, (MEDGADGET) — Global Ostomy Care Accessories Market Analysis
Overview
An ostomy is a medical technique that creates a passageway for waste products to exit the body from the urinary tract or intestines. Colostomy, ileostomy, and urostomy are the three types of ostomies. Ostomy care devices are intended to extend the time that ostomy pouches may be worn and improve their performance. Ostomates use these attachments for a variety of reasons, including leakage, odor, and assistance.
Statistics
By the end of 2027, the global ostomy care accessories market is expected to be worth US$ 829.6 million.
For more information, Request a PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/3280
Drivers
Over the forecast period, the global ostomy care accessories market is expected to rise due to the rising prevalence of colorectal cancer. Colorectal cancer is the third most common cancer in men and the second most common cancer in women, according to the World Cancer Research Fund (WCRF). According to the WCRF, there were over 1.8 million new events in 2018.
Furthermore, the rising prevalence of bladder cancer is expected to boost business demand. As per The American Cancer Society, the U.S. will see about 80,470 new cases of bladder cancer and 17,670 bladder cancer deaths in 2019.
In 2019, the European region dominated the global ostomy care accessories market, contributing for 42.2 percent of the market’s value, led by North America.
Restraints
The global ostomy care accessories market is poised to be hampered to some degree by a lack of understanding in developed countries about the ostomy accessories available on the market.
Furthermore, increased market pressure from factors such as government mandates and prolonged price wars is impacting the profitability of producers of ostom-related goods. As a result, the market’s growth is likely to be hampered. ConvaTec’s ostomy treatment sector saw a 1.5 percent drop in organic sales in the fourth quarter of FY2019.
“Limited Time Offer”
Buy This Research Study Report With Flat US $2000 Off @ https://www.coherentmarketinsights.com/promo/buynow/3280
Opportunities
In developing markets, the rising prevalence of diseases such as colorectal and bladder cancers, as well as Crohn’s disease, is expected to provide attractive growth opportunities for players in the global ostomy care accessories market. As per the research ‘Trends in and Predictions of Colorectal Cancer Incidence and Mortality in China From 1990 to 2025,’ reported in the journal Frontiers in Oncology in February 2019, the age-standardized incidence rate of colorectal cancer among males in China rose by 2.76 percent per year from 1990 to 2016, and the number of cancer cases increased by more than three times as compared to 1990.
Increased support for the ostomy bag and accessory R&D is expected to fuel demand growth. Innovate the UK, the U.K’s innovation department, awarded Ostique, a startup focusing on designing goods that are more practical than conventional ostomy bags, about US$ 340,000 in January 2019.
The global ostomy care accessories market’s Skin Protection and Skin Barriers segment was worth US$ 180.5 million in 2019 and is projected to grow at a CAGR of 7.0 percent to US$ 313.3 million by 2027.
Market Trends
The industry is seeing an increase in mergers and acquisitions (M&A) activity from global players. In January 2020, AdaptHealth, a U.S.-based home medical equipment company, purchased McKesson’s Patient Care Solutions (PCS) company, expanding AdaptHealth’s home medical equipment product range to include urological and ostomy devices.
External urine storage systems are being developed by key industry players. American Medical Technologies collaborated with TillaCare in November 2019 to launch UriCap, an external urine collection system for treating female urinary incontinence (UI) in long-term care in the U.S.
View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/ostomy-care-accessories-market-2649
Competitive Landscape
Key companies contributing in the global ostomy care accessories market are Smith & Nephew plc., 3M Company, AdaptHealth, LLC, Inc., Hollister Inc., Torbot Group, Inc., Coloplast Corp., Cymed, ConvaTec Inc., 180 Medical, Inc., EuroMed, Inc., Marlen Manufacturing & Development Co., Nu-Hope Laboratories, and FNC Medical Corporation.
Key Developments
Key industry players are now concentrating on diversifying their product portfolios. 180 Medical, Inc., a provider of intermittent catheters and ostomy supplies, announced in December 2019 that it will begin providing incontinence medications for patients with urinary incontinence, increased urination, and other medical disorders that can induce neurogenic bladder and/or neurogenic bowel.
M&A tactics are now being used by major industry leaders to broaden their product range. In December 2019, AdaptHealth LLC agreed to buy Advanced Home Care’s home medical equipment company in a definitive agreement.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippets, By Application
- Market Snippets, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Highlights
- Product launch
- PEST Analysis
- Regulatory Scenario
- Mergers and Acquisitions
- Market Dynamics
- Ostomy Care Accessories Market, By Product Type, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Belts, Tapes, Adhesives
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Convex Inserts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Irrigation Sets & Sleeves
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Skin Protection and Skin Barriers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Stoma Caps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Ostomy Care Accessories Market, By Application, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Drainage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Sealing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Lubrication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Cleansing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Ostomy Care Accessories Market, By End User, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Ostomy Care Accessories Market, By Region, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- The U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- The U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of the Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
Other Exclusive Reports:
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837