Global Stoma or Ostomy Care Market size was valued at USD 3 Bn. in 2021 and market is expected to grow by 5 % from 2022 to 2029, reaching nearly USD 4.43 Bn.
Market Scope:
The Stoma or Ostomy Care market study provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies.The growth amongst these segments will help to analyze the industries and provide the users with a valuable market overview and market insights to make strategic decisions for identifying core market applications. Bottom-up approache has been used to collect the data and analyse the market to figure out market size by volume and value by mentioned segments.
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Dynamics :
Product sales through this sales channel are fueled by the existence of numerous e-commerce websites that provide stoma/ostomy care and accessories. Among the well-known e-commerce businesses that offer significant discounts, warranties, and quick customer service on stoma ostomy care items are Stomabags, Express Medical Supply Inc., and Amazon. Additionally, certain hospitals, NGOs, and local and regional organisations are working to spread awareness of the supplies and accessories used for stoma ostomy care.
Segmentation:
They help to stop leaks, odour, and skin irritability. The main factors propelling the rise of the accessories market are the rising frequency of stoma surgeries and ostomates. Additionally, a 2016 study on ostomy patients conducted by a significant market participant—Coloplast—predicted that 91.0% of all ostomates use accessories, with an average of 3.2 units used. Throughout the forecast period, this is expected to speed up the segment's growth.
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Key Players:
Major Key Players in the Stoma or Ostomy Care market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research involved a study of the top manufacturers' annual and financial reports, while primary research was done through interviews with company key persons and industry professionals such as experienced front-line staff, CEOs, and marketing executives. The following firms are the most important players in the Stoma or Ostomy Care market:
- • Coloplast Corp (US)
• Safe N Simple(US)
• Schena Ostomy Technologies(US)
• Flexicare Group Limited(US)
• Perma-Type Company Inc(US)
• Marlen Manufacturing & Development Company(US)
• Nu-Hope Labs(US)
• Torbot Group Inc.(US)
• 3M(US)
• Cymed Micro Skin(US)
• Hollister Incorporated(US)
• B. Braun Melsungen AG (Germany)
• ConvaTec Inc.(UK)
• Smith & Nephew(UK)
• Scapa Healthcare(UK)
• Salts Healthcare(UK)
• Welland Medical Limited(UK)
• Alcare Co. Ltd..(Japan)
• Tytex A/S(Denmark)
• Prowess Care (India)
• Avitr Farmica(India)
• Zhejiang Ailebao Medical Technologies Co. Ltd.(China)
Regional Analysis:
Individual market influencing elements and variances in market regulations that impact present and future market trends are also included in the regional summary of the Stoma or Ostomy Care market study. The study gives insight into the growth dynamics of the Stoma or Ostomy Care market in regions such as the Middle East and Africa, Asia Pacific, Europe, North America, and Latin America.
COVID-19 Impact Analysis on Stoma or Ostomy Care Market:
Since the beginning of the global crisis, the impact on the upstream, downstream, and midstream industries has been disastrous. The study provides a quick-to-deploy way of dealing with such emergencies and leading the worldwide Stoma or Ostomy Care market toward sustainable growth and logical advancement.
The worldwide Stoma or Ostomy Care market has been seeing new dynamics as a result of the pandemic, needing new business models and techniques to recover growth and income sources.
Key Questions Answered in the Stoma or Ostomy Care Market Report are:
- In 2021, which segment held the most proportion of the Stoma or Ostomy Care market?
- What is the current state of the Stoma or Ostomy Care market?
- What are the primary factors driving Stoma or Ostomy Care market growth?
- Who Are the Global Market's Key Players in the Stoma or Ostomy Care Business?
- What will be the Stoma or Ostomy Care market's CAGR throughout the projected period (2022-2029)?
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