Global Stoma or Ostomy Care Market Report to 2029 - Featuring 3M, Alcare, B. Braun Melsungen and Coloplast Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Stoma or Ostomy Care Market Analysis by Surgery type, by Product, by End Users and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The stoma or ostomy care market size is estimated to be USD 4,120 million in 2021 and is expected to witness a CAGR of 7.4% during the forecast period 2022-2029.

Companies Mentioned

• 3M (US)
• Alcare Co. Ltd. (Japan)
• B. Braun Melsungen AG (Germany)
• Coloplast Corp (Denmark)
• ConvaTec Inc. (England)
• Cymed Micro Skin (US)
• Flexicare Group Limited (UK)
• Hollister Incorporated (US)
• Marlen Manufacturing & Development Company (US)
• Nu-Hope Labs (US)
• Perma-Type Company Inc. (US)
• Salts Healthcare (UK)
• Smith & Nephew (UK)
• Torbot Group Inc. (US)
• Welland Medical Limited (UK)

The increasing numbers of elderly people, supportive regulatory policies in industrialized nations, increasing target patient base and occurrence of inflammatory bowel disorders, improvements in technology, and awareness initiatives are some of the primary market drivers. However, the ostomy bag irritation and additional complications, increasing use of alternative therapies and, ostomy-related difficulties are expected to restrain the market growth.

By Surgery type

Based on surgery type, the market is segregated into urosotmy, ileostomy, and colostomy. In 2021, the colostomy segment is expected to be the largest segment due to the increasing prevalence of IBD, colon cancer, and stomach cancer in both affluent and developing nations, and the favorable reimbursement environment in industrialized nations.

By Product

On the basis of type, the market is bifurcated into ostomy accessories and ostomy bags. In 2021, the ostomy bags segment is expected to be the largest segment owing to their widespread use and affordable price.

By End Users

Based on end users, the market is categorized into ambulatory surgical centers, hospitals and specialty clinics, and home care settings. In 2021, the hospitals and specialty clinics segment is expected to be the largest segment due to the increasing number of potential patients and the advantageous reimbursement situation in the majority of wealthy nations.

Regional Markets

In 2021, Asia Pacific had the greatest share of the market due to the ageing population growth, increased patient load, and advantageous reimbursement situation (because this group of people is more likely to suffer from gastrointestinal conditions that call for ostomy operations). However, the North America region is predicted to grow at the fastest rate during the projection period owing to the increasing elderly population, a sizable patient base for the targeted illnesses, and a number of industry participants are concentrating on boosting their distribution networks in this marketplaces.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including surgery type, product, and end users from 2022-2029.

Segmentation: Stoma or Ostomy Care Market Analysis Report 2021-2029

Surgery type (Revenue, USD Million)

• Urosotmy
• Ileostomy
• Colostomy

Product (Revenue, USD Million)

• Ostomy accessories
• Ostomy bags

End Users (Revenue, USD Million)

• Ambulatory Surgical Centers
• Hospitals and Specialty clinics
• Home care settings

By Region (Revenue, USD Million)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/874otj