Ostomy Care Market is expanding at over 5% CAGR through 2031

Newly published data by Fact.MR estimates the global ostomy care market to witness steady growth, anticipated to be valued at over US$ 3 Bn in 2021. Long-term projections indicate a steady expansion trajectory, with an estimated CAGR of over 5% across the 2021-2031 forecast period and a value of US$ 5.3 Bn.

From 2016 to 2020, sales of ostomy care products expanded at under 5% CAGR to reach US$ 3 Bn. The growth of the ostomy care market remains highly influenced by growing incidences of inflammatory bowel diseases along with the rising demand for advanced leak-proof ostomy bags.

Manufacturers are anticipated to capitalize on the ever surging popularity of ostomy bags and pouches, as they are easy to carry and dispose of. As per statistics provided by the Centers for Disease Control and Prevention, an estimated 1.3% of U.S adults, or 3 million people, were diagnosed with IBD- either Crohn’s disease or ulcerative colitis in 2015. This number is projected to grow exponentially by 2030. Hence, patients are opting for ostomy care on a large-scale.

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Ostomy Care Market – Scope of Report:

A latest publication by Fact.MR on the global Ostomy Care market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2021-2031.

Important indicators for the successful growth of the Ostomy Care market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Ostomy Care supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Ostomy Care, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Competitive Landscape

Some of the major players in the market are Coloplast A/S, Hollister Incorporated, ConvaTec Group plc, B. Braun, ALCARE Co., Ltd., Nu-Hope, Marlen Manufacturing & Development Company, Welland Medical Limited, Baohe Ostomy Care, Flexicare Medical Limited, and others.

• In March 2021, the Coloplast group announced that it was awarded a contract for ostomy products with Vizient, Inc. (Irving, TX). The new agreement allows Vizient members access with contracted pricing to Coloplast’s full portfolio of ostomy products, including ostomy pouches and supporting products.
• In January 2020, ConvaTec Group Plc announced the launch of ConvaMax™ the NEW superabsorber dressing. ConvaMax™ superabsorber manages excess moisture to help protect skin integrity2. Where there is a real risk of skin damage due to high levels of exudate, ConvaMax™ is ideal.

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Report benefits & key questions answered

• Post covid consumer spending on Ostomy Care: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Ostomy Care demand outlook: the market intelligence study reports highlights the factor propelling the demand for Ostomy Care. As per the study, the demand for Ostomy Care will grow through 2031.
• Ostomy Care historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2021-2031.
• Ostomy Care consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Ostomy Care Market Segmentations:

• Product

  • Ostomy Pouches
    • One Piece Pouch
    • Two Piece Pouch
  • Ostomy Accessories
    • Ostomy Belts & Tapes
    • Ostomy Skin Protection & Skin Barrier Accessories
    • Ostomy Irrigation Sets
    • Ostomy Convex Inserts
    • Ostomy Stroma Caps

• Ostomy Type

  • Colostomy
  • Ileostomy
  • Urostomy

• End User

  • Ostomy Care in Homecare Settings
  • Ostomy Care in Hospitals
  • Ostomy Care in Ambulatory Surgical Centers
  • Ostomy Care in Specialized Clinics

• Indication

  • Ostomy Care for Cancer
  • Ostomy Care for Inflammatory Bowel Disease
  • Ostomy Care for Bowel Obstruction
  • Ostomy Care for Fecal Incontinence
  • Ostomy Care for Trauma & Infection

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