Ostomy Care Market worth $4.39 billion by 2030, growing at a CAGR of 5.31% - Exclusive Report by 360iResearch

The "Ostomy Care Market by Product Type (Accessories, Ostomy Bag), Application (Colostomy, Ileostomy, Urostomy), End-Use - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Ostomy Care Market to grow from USD 2.90 billion in 2022 to USD 4.39 billion by 2030, at a CAGR of 5.31%.

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Ostomy care is a field of medical care that focuses on helping individuals living with ostomies manage their condition and live healthy lives. Ostomies are surgical procedures that create an artificial opening from the inside of the body, usually due to disease or injury, to enable the removal of waste from the body. The most common types of ostomies include colostomy, ileostomy, and urostomy, and the rise in these surgical procedures has elevated the need for care supplies. Awareness regarding ostomy by NGOs and governments is expanding patient adoption of ostomy care. However, the high cost of treatment and social stigma concerning the adoption of this treatment has impeded their commercialization. Advances in ostomy care technology have led to more effective treatments for people living with ostomies. Additionally, improvements in medical research have enabled doctors to better understand how different diseases affect an individual's quality of life and develop targeted ostomy treatments tailored specifically to each patient's needs. The emergence of telehealth for ostomy care and the establishment of support services for patients are also expected to elevate the development of ostomy care.

The Americas ostomy care market is advancing, driven by the presence of established healthcare companies conducting R&D activities for introducing improved surgical techniques and supplies for stoma treatment in support of patents. Reimbursement for ostomy care in the U.S. includes a wide range of support, including Medicare and Medicaid, available depending on the type of product or service provided and the medical provider's location. The ostomy care market in Asian countries is rapidly evolving, with product advancements in Japan and China and global market players setting up new regional production facilities. Surgery adoption rates are increasing in countries such as India and Thailand due to improved healthcare infrastructure and accessibility to specialized medical services. Major factors expanding the commercialization of ostomy care in Europe include the increasing prevalence of bladder cancer, Crohn's disease, and other chronic illnesses, growing awareness about ostomy care products, advances in medical technologies, and product approvals. Many countries in the European region define the safety requirements for ostomy care products, including requirements on certain types of materials used in their manufacture. European countries also have reimbursement legislation and guidelines regarding ostomy care products or services. Medical universities in Europe have been conducting various studies regarding ostomy care, and the players in the region are expanding their online product distribution to cater to a larger customer base.

Market Segmentation & Coverage:

This research report categorizes the Ostomy Care Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Accessories and Ostomy Bag. The Accessories is further studied across Adhesives and Belts & Girdles. The Ostomy Bag is further studied across Closed-end Pouches and Drainable Pouches. The Closed-end Pouches is further studied across One-Piece Closed-end Pouches and Two-Piece Closed-end Pouches. The Drainable Pouches is further studied across One-Piece Drainable Pouches and Two-Piece Drainable Pouches. The Ostomy Bag commanded largest market share of 81.21% in 2022, followed by Accessories.

Based on Application, market is studied across Colostomy, Ileostomy, and Urostomy. The Colostomy commanded largest market share of 46.47% in 2022, followed by Ileostomy.

Based on End-Use, market is studied across Ambulatory Surgery Centers, Home Care, and Hospitals & Clinics. The Ambulatory Surgery Centers commanded largest market share of 62.32% in 2022, followed by Home Care.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.39% in 2022, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Ostomy Care Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Ostomy Care Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Ostomy Care Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AdvaCare Pharma, Advin Health care, ALCARE Co., Ltd., Angiplast Pvt. Ltd., B. Braun SE, Coloplast A/S, Convatec Group PLC, Delta Healthcare, Eakin Healthcare Group, Flexicare (Group) Limited, Fortis Medical Products, Henkel AG & Co. KGaA, Hollister Incorporated, Jiangsu Ostup Medical Products Co., Ltd., Marlen Manufacturing & Development Company, Nu-Hope Laboratories, Inc., Ostomycure AS, OxMed International GmbH, Peak Medical Ltd., Perma-Type, Prowess Care, Qufora A/S, Safe n' Simple, Salts Healthcare Ltd., Sarasota Medical Products Inc., Scapa Group Ltd., Schena Ostomy Technologies, Inc., Smith & Nephew PLC, Thermo Fisher Scientific Inc., Torbot Group, Inc., Vonco Products, LLC, Welland Medical Limited, Wuhan Sitaili Medical Apparatus Development Co., Ltd., and Zhejiang Longterm Medical Technology Co., Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Ostomy Care Market, by Product Type
7. Ostomy Care Market, by Application
8. Ostomy Care Market, by End-Use
9. Americas Ostomy Care Market
10. Asia-Pacific Ostomy Care Market
11. Europe, Middle East & Africa Ostomy Care Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Ostomy Care Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Ostomy Care Market?
3. What is the competitive strategic window for opportunities in the Ostomy Care Market?
4. What are the technology trends and regulatory frameworks in the Ostomy Care Market?
5. What is the market share of the leading vendors in the Ostomy Care Market?
6. What modes and strategic moves are considered suitable for entering the Ostomy Care Market?

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