Ostomy/Stoma Care and Accessories Market | 2021 Global Industry Forecast To 2026, is latest report on Global Ostomy/Stoma Care and Accessories Industry, published by Fortune Business Insights. Report provides comprehensive information on Global Ostomy/Stoma Care and Accessories Market and Impact of Covid-19 on Healthcare Industry. According to report Global market value of Ostomy/Stoma Care and Accessories is to hit USD 4.23 billion value by 2026 at CAGR of 5.2%. Report segments Ostomy/Stoma Care and Accessories Market By Product [Ostomy Bags (One-piece and Two-piece) and Accessories], By Procedure (Colostomy, Ileostomy, and Urostomy), By End User (Hospitals, Home Care, and Specialty Clinics) and Regional Forecast, 2019-2026
Major Ostomy/Stoma Care and Accessories manufacturers are studied in this report for better understanding of global market scenario:
- Welland Medical Limited
- ALCARE Co., Ltd.
- PAUL HARTMANN AG
- ConvaTec Inc.
- Salts Healthcare
- B. Braun Melsungen AG
- Hollister Incorporated
- Coloplast Corp
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The global ostomy/stoma care and accessories market size is anticipated to reach USD 4.23 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. Increasing initiation of awareness campaigns by various organizations will majorly boost the prospects of this market, states Fortune Business Insights™ in its recent report, titled “Ostomy/Stoma Care and Accessories Market Size, Share & Industry Analysis, By Product [Ostomy Bags (One-piece and Two-piece) and Accessories], By Procedure (Colostomy, Ileostomy, and Urostomy), By End User (Hospitals, Home Care, and Specialty Clinics) and Regional Forecast, 2019-2026”. Stoma refers to an opening in the abdomen to provide an outlet for waste to exit the body, instead of it leaving through the digestive tract. These openings are created when the bladder or the bowel or both need to be operated upon or removed. Unfortunately, awareness regarding stomas and ostomies is shockingly low around the world, which has prompted many organizations to initiate awareness drives to instill knowledge about these procedures among common people. For instance, the International Ostomy Association created the World Ostomy Day in 2010, celebrated on the first Saturday of October every year. Besides this, one of the other leading ostomy/stoma care and accessories market trends is the donations given by different bodies and associations. For example, Friends of Ostomates Worldwide Canada is renowned for supplying 50,000 kg of stoma supplies to nearly 52 countries.
Improper Reimbursement for Unique Health Conditions to Impede Market Growth
The ostomy care market growth is likely to be hampered by the disorganized nature of reimbursement, especially for complicated procedures. Studies have found the UK’s famed National Health Service (NHS) has overbilled or wrongly billed patients, causing unnecessary stress to patients and their families. Furthermore, research conducted by the Medicare Learning Network found that clumsy and careless billing led to an overpayment by patients worth $92.4 million in the US in 2018. As a result, ambiguous and unclear reimbursement and billing processes are emerging as major disincentives for patients who need to undergo complicated procedures such as ostomies. Another factor hindering the growth of this market is the risks associated with these procedures. For instance, a colostomy can cause damage to other organs, lead to internal bleeding, give rise to a hernia, or even cause an infection.
The global pandemic, COVID-19, has led to severe repercussion owing to its widespread effects across several economies. Several industries are facing unprecedented losses owing to the lockdown announced by several governments across the globe that has resulted in the complete shutdown of the businesses. The crippling economy, however, is being revived through collective efforts from the government as well as the industries and is expected to bounce back in the coming years.
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Ostomy/Stoma Care and Accessories Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
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Competitive And Regional Analysis:
This report focuses on Ostomy/Stoma Care and Accessories Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report.
Strong Presence of Major Players to Drive the Market in Europe
Having generated USD 1.38 billion in revenue in 2018, Europe is slated to dominate the ostomy/stoma care and accessories market share in the coming years. One of the main reasons for the region’s leading position is the well-established presence of industry pioneers such as Welland Medical and B. Braun Melsungen. In addition to this, governments in European countries are taking definitive steps to improve stoma care, including upskilling of nurses in these procedures.
Increasing number of stoma surgeries and rising awareness about ostomies will be the two key factors propelling the market in North America, according to the ostomy/stoma care and accessories market report. On the other hand, the market in Asia-Pacific is expected to grow substantially as the geriatric population in Japan, India, and China is projected to increase considerably in the next few decades.
Ostomy/Stoma Care and Accessories Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
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Table of Content:
1 Ostomy/Stoma Care and Accessories Market Overview
1.1 Ostomy/Stoma Care and Accessories Product Overview
1.2 Ostomy/Stoma Care and Accessories Market Segment by Type
1.3 Global Ostomy/Stoma Care and Accessories Market Size by Type (2015-2026)
1.3.1 Ostomy/Stoma Care and Accessories Global Market Size Overview by Type (2015-2026)
1.3.2 Global Ostomy/Stoma Care and Accessories Historic Market Size Review by Type (2015-2021)
1.3.2.1 Ostomy/Stoma Care and Accessories Sales Global Market Share Breakdown by Type (2015-2026)
1.3.2.2 Ostomy/Stoma Care and Accessories Global Market Share Breakdown by Type (2015-2026)
1.3.2.3 Global Ostomy/Stoma Care and Accessories Average Selling Price (ASP) by Type (2015-2026)
1.3.3 Ostomy/Stoma Care and Accessories Market Size Forecast by Type (2021-2026)
1.3.3.1 Global Ostomy/Stoma Care and Accessories Sales Market Share Breakdown by Application (2021-2026)
1.3.3.2 Global Ostomy/Stoma Care and Accessories Revenue Market Share Breakdown by Application (2021-2026)
1.3.3.3 Global Ostomy/Stoma Care and Accessories Average Selling Price (ASP) by Application (2021-2026)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Ostomy/Stoma Care and Accessories Sales Breakdown by Type (2015-2026)
1.4.2 Europe Ostomy/Stoma Care and Accessories Sales Breakdown by Type (2015-2026)
1.4.3 Asia-Pacific Ostomy/Stoma Care and Accessories Sales Breakdown by Type (2015-2026)
1.4.4 Latin America Ostomy/Stoma Care and Accessories Sales Breakdown by Type (2015-2026)
1.4.5 Middle East and Africa Ostomy/Stoma Care and Accessories Sales Breakdown by Type (2015-2026)
2 Global Ostomy/Stoma Care and Accessories Market Competition by Company
2.1 Global Top Players by Ostomy/Stoma Care and Accessories Sales (2015-2021)
2.2 Global Top Players by Ostomy/Stoma Care and Accessories Revenue (2015-2021)
2.3 Global Top Players Ostomy/Stoma Care and Accessories Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Ostomy/Stoma Care and Accessories Manufacturing Base Distribution, Sales Area, Product Type
2.5 Ostomy/Stoma Care and Accessories Market Competitive Situation and Trends
2.5.1 Ostomy/Stoma Care and Accessories Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Ostomy/Stoma Care and Accessories Sales and Revenue in 2019
2.6 Global Ostomy/Stoma Care and Accessories Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Ostomy/Stoma Care and Accessories as of 2019)
2.7 Date of Key Company Enter into Ostomy/Stoma Care and Accessories Market
2.8 Key Company Ostomy/Stoma Care and Accessories Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Ostomy/Stoma Care and Accessories Status and Outlook by Region (2015-2026)
3.1 Global Ostomy/Stoma Care and Accessories Market Size and CAGR by Region: 2015 VS 2021 VS 2026
3.2 Global Ostomy/Stoma Care and Accessories Market Size Market Share by Region (2015-2021)
3.2.1 Global Ostomy/Stoma Care and Accessories Sales Market Share by Region (2015-2021)
3.2.2 Global Ostomy/Stoma Care and Accessories Revenue Market Share by Region (2015-2021)
3.2.3 Global Ostomy/Stoma Care and Accessories Sales, Revenue, Price and Gross Margin (2015-2021)
3.3 Global Ostomy/Stoma Care and Accessories Market Size Market Share by Region (2021-2026)
3.3.1 Global Ostomy/Stoma Care and Accessories Sales Market Share by Region (2021-2026)
3.3.2 Global Ostomy/Stoma Care and Accessories Revenue Market Share by Region (2021-2026)
3.3.3 Global Ostomy/Stoma Care and Accessories Sales, Revenue, Price and Gross Margin (2021-2026)
3.4 North America Ostomy/Stoma Care and Accessories Market Size By Growth (2015-2026)
3.4.1 North America Ostomy/Stoma Care and Accessories Revenue By Growth (2015-2026)
3.4.2 North America Ostomy/Stoma Care and Accessories Sales By Growth (2015-2026)
3.5 Asia-Pacific Ostomy/Stoma Care and Accessories Market Size By Growth (2015-2026)
3.5.1 Asia-Pacific Ostomy/Stoma Care and Accessories Revenue By Growth (2015-2026)
3.5.2 Asia-Pacific Ostomy/Stoma Care and Accessories Sales By Growth (2015-2026)
3.6 Europe Ostomy/Stoma Care and Accessories Market Size By Growth (2015-2026)
3.6.1 Europe Ostomy/Stoma Care and Accessories Revenue By Growth (2015-2026)
3.6.2 Europe Ostomy/Stoma Care and Accessories Sales By Growth (2015-2026)
3.7 Latin America Ostomy/Stoma Care and Accessories Market Size By Growth (2015-2026)
3.7.1 Latin America Ostomy/Stoma Care and Accessories Revenue By Growth (2015-2026)
3.7.2 Latin America Ostomy/Stoma Care and Accessories Sales By Growth (2015-2026)
3.8 Middle East and Africa Ostomy/Stoma Care and Accessories Market Size By Growth (2015-2026)
3.8.1 Middle East and Africa Ostomy/Stoma Care and Accessories Revenue By Growth (2015-2026)
3.8.2 Middle East and Africa Ostomy/Stoma Care and Accessories Sales By Growth (2015-2026)
4 Global Ostomy/Stoma Care and Accessories by Application
4.1 Ostomy/Stoma Care and Accessories Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Ostomy/Stoma Care and Accessories Sales by Application: 2015 VS 2021 VS 2026
4.3 Global Ostomy/Stoma Care and Accessories Historic Sales by Application (2015-2021)
4.4 Global Ostomy/Stoma Care and Accessories Forecasted Sales by Application (2021-2026)
4.5 Key Regions Ostomy/Stoma Care and Accessories Market Size by Application
4.5.1 North America Ostomy/Stoma Care and Accessories by Application
4.5.2 Europe Ostomy/Stoma Care and Accessories by Application
4.5.3 Asia-Pacific Ostomy/Stoma Care and Accessories by Application
4.5.4 Latin America Ostomy/Stoma Care and Accessories by Application
4.5.5 Middle East and Africa Ostomy/Stoma Care and Accessories by Application
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