Ostomy Care And Accessories Market (By Product: Bags, Accessories; By Application: Colostomy, Ileostomy, Urostomy; By End-use: Home Care Settings, Hospitals, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Ostomy Care And Accessories market size is expected to be worth around US$ 4.10 billion by 2030, according to a new report by Vision Research Reports.

The global Ostomy Care And Accessories market size was valued at US$ 3.08 billion in 2020 and is anticipated to grow at a CAGR of 4.10% during forecast period 2021 to 2030.

Growth Factors

Increasing incidence of colorectal cancer and urological diseases, such as Inflammatory Bowel Disease (IBD), is anticipated to boost the stoma care and accessories market growth.

Several initiatives are being undertaken by various nonprofit organizations and private players to raise awareness regarding ostomy care globally. For instance, European Ostomy Association organizes World Ostomy Day (WOD) each year. The organization aims at improving the rehabilitation of ostomates across the globe by bringing them together. Many associations organize activities such as educational programs and support meetings as well as use electronic information network to raise awareness.

Technological advancement is one of the major drivers of the market. Development of suitable & efficient pouching systems and associated accessories that help in improving the quality of life of ostomy patients is also expected to drive the market. Coloplast Group; ConvaTec, Inc.; and Hollister are some of the key ostomy care and accessories market players investing significantly on R&D to launch new products. In January 2017, ConvTec, Inc. announced the launch of Esteem+ Flex Convex 1-piece system for patients who have undergone colostomy, ileostomy, or urostomy procedures.

Report Highlights

Accessories is expected to be the fastest-growing segment in the forecast period. It includes seals/barrier rings, pouch covers, pouch closures, stoma caps/hats, and others. They can help prevent odor, leakage, and skin rashes. The accessories segment also includes customized solutions for specific needs or body shapes. Some of the major companies offering ostomy care accessories are Coloplast; ConvaTec, Inc.; and Hollister Incorporated.

Bags are expected to dominate the market over the forecast period. Ostomy bags are prosthetic medical devices used to collect stool or urine. It includes a pouch to collect waste and a faceplate that attaches to abdominal skin using adhesives. These pouches are air- and watertight, which allows users to continue leading a normal lifestyle. They are most commonly used with urostomies, ileostomies, and colostomies. Key market players offer ostomy bags with various features, which is anticipated to drive the market. For instance, Coloplast offers ostomy bags with a flexible adhesive and neutral gray textile material that suits the body type of individuals.

Home care settings held the largest share in the ostomy care and accessories market in 2020 and is expected to be one of the fastest growing in over forecast period. Rise in demand for home healthcare is expected to drive this segment. Home care settings ensure ongoing ostomy care by trained nurses. It enables providing of proper care to a patient, which significantly reduces the risk of ostomy-related complications, thereby reducing emergency visits to hospitals. Common home healthcare services for ostomy care include maintaining healthy stoma and changing & emptying ostomy bags. Growing preference for home care and availability of trained nurses in developed and emerging countries are expected to drive the market over forecast period.

Colostomy segment held the largest market share in 2020 owing to increasing geriatric population and growing prevalence of colorectal cancer. Availability of different types of colostomy bags, such as drainable or closed system bags, which are suitable for specific individual needs, is also anticipated to drive the market.

The Ileostomy segment is expected to witness the fastest growth over forecast period owing to growing prevalence of IBDs, such as Crohn’s disease and ulcerative colitis. As per the CDC, in 2015, approximately 1.3% of adults in the U.S. were diagnosed with IBD, which was a significant increase in the numbers from 1999. These factors are anticipated to impel the market over forecast period.

Europe dominated the market and is expected to witness substantial growth in future as well, due to increasing prevalence of IBD and growing awareness about ostomy care or stoma surgeries. According to NCBI, IBD includes Crohn’s diseases or ulcerative colitis, and its incidence in European countries is steadily increasing. In addition, according to the Journal of Crohn’s and Colitis, the incidence of ulcerative colitis and Crohn’s disease in Europe is increasing every year. It has been estimated that 0.3% of the total population in Europe suffers from IBD. The highest incidence was witnessed in the U.K., while the lowest was seen in eastern and southern Europe. Thus, increasing incidence of IBD is one of the high impact rendering drivers of the market in Europe.

Key Players

Coloplast Corp.; B. Braun Melsungen AG.; Hollister Incorporated; Convatec, Inc.; Salts Healthcare Ltd; and Welland Medical Limited.

Market Segmentation

  • Product Outlook

    • Bags

      • One Piece

      • Two Piece

    •  Accessories

      • Seals/Barrier Rings

      • Pouch Cover

      • Pouch Closures

      • Stoma Caps/Hat

      • Others

  • Application Outlook 

    • Colostomy

    • Ileostomy

    • Urostomy

  • End-use Outlook 

    • Home Care Settings

    • Hospitals

    • Others

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    •  Europe

      • Germany

      • The U.K.

      • France
      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East and Africa (MEA)

      • South Africa

      • Saudi Arabia

      • UAE

The Ostomy Care And Accessories market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Ostomy Care And Accessories market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Ostomy Care And Accessories market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ostomy Care And Accessories market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ostomy Care And Accessories market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Ostomy Care And Accessories capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Ostomy Care And Accessories by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ostomy Care And Accessories market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ostomy Care And Accessories market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ostomy Care And Accessories market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Ostomy Care And Accessories industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Ostomy Care And Accessories market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ostomy Care And Accessories market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ostomy Care And Accessories market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ostomy Care And Accessories market. These factors have benefited the growth of the global market for Ostomy Care And Accessories. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ostomy Care And Accessories. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Ostomy Care And Accessories are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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