Ostomy Care And Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

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Ostomy Care And Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Status : July, 2021 | Medical Devices

Report Digest


Ostomy Care And Accessories Market: Overview

Over the years, there has been rise in numbers of ostomy carriers, or stomata or stoma as these are variously called, the structures that are attached to hollow organs after ostomy surgeries. The drive for ostomy care or stoma care has stemmed from the growing population living with stoma. A life-changing event as it is, stoma has also been associated with range of complications, affecting the general quality of life. One of the most common diseases that need ostomy surgeries is colorectal cancer patients. While the use of ostomy bags may be for a temporary period, some, notably with advanced colorectal cancer and inflammatory bowel diseases, may have to live with stoma for a long duration of their life. Thus, ostomy care and accessories have generated substantial market prospects. Ostomy surgeries majorly relate to the following product categories: colostomy (large bowel), ileostomy (small bowel), and urostomy (bladder).

The current study on global ostomy care and accessories market strives to evaluate the key growth parameters, trends influencing the demand and uptake, and factors defining the competitive dynamics. The data-backed insights are expected to be sought by industry players to gain an understanding of the market’s development during 2020 – 2030.

Ostomy Care And Accessories Market: Key Trends

The worldwide prevalence of colorectal cancer is one of the key drivers for advancements in the ostomy care and accessories market. In countries where colostomy, ileostomy, and urostomy are common find the high average time patients wear stoma. Per an estimate published in an article in the NCBI, in the U.S. alone, the observed value is  4.8 days. As a matter of fact, the country has high incidence of colorectal cancer in both men and women.

Increase in wear time of ostomy among patients with intestinal stomata has also increased the risk of complications, thereby propelling the expansion of the ostomy care and accessories market. The marked degree of stoma relapse is another significant factor that has spurred the demand in the market. Some of the common complications are skin irritation, ulceration, and erosion. Demand for small-bowel ostomies as well as large-bowel ostomies have propelled the need for advancing care for the patients. Rise in incidence of bowel cancer is a key factor spurring these surgeries.

Ostomy Care And Accessories Market: Competitive Dynamics and Key Developments

Healthcare providers are ceaseless finding strategies and adopting technologies to mitigate the adverse health-related outcomes cause by the carriage of stoma. Some of the less quantifiable impacts pertain to low social adjustment, high fatigue due to leakage and pain, and the general loss of mobility due to low flexibility.

A growing number of ostomy products manufacturers have thus coming out with promising portable technologies that can be used for cleaning of ostomy bags. An unexploited novel technology is mHealth, and has recently attracted research and development funding. In one of the recent studies, a novel digital wearable has been tested in pilot studies, expanding the horizon in the ostomy care and accessories market. The pilot study in case is Ostom-i alert sensor.

Some of the prominent manufacturers of ostomy products are;

  • Salts Healthcare Ltd.
  • Welland Medical Ltd.
  • ConvaTec Group Plc.
  • Hollister Incorporated
  • B. Braun Melsungen AG
  • Coloplast Corp.

Ostomy Care And Accessories Market: Regional Assessment

On the regional front, North America and Europe are promising regional markets. Extensive research and development efforts made by industry players are enriching the competitive dynamics in the market. Rise in number of ostomy surgeries in the U.S. has also bolstered potential revenues.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?