Ostomy Devices Global Market Demand Analysis, Manufacturers Share, Regions, Risk Analysis, Driving Forces and Application, Forecast To 2033 | 3M Company, Coloplast Corp., ConvaTec Group PLC, Porex Corporation, Dansac UK

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Ostomy Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $3.37 billion In 2028 At A CAGR Of 4.8% :

The ostomy devices market size has grown strongly in recent years. It will grow from $2.64 billion in 2023 to $2.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to prevalence of gastrointestinal disorders, rising incidence of colorectal cancer, improvements in surgical techniques, enhanced quality of ostomy products, increasing awareness and patient education, supportive healthcare policies..

The ostomy devices market size is expected to see steady growth in the next few years. It will grow to $3.37 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to aging population and chronic diseases, focus on patient-centric products, advancements in materials and design, global expansion of ostomy care awareness, telehealth and remote patient monitoring, healthcare system modernization.. Major trends in the forecast period include environmentally friendly products, customization and personalization, awareness and education initiatives, healthcare cost containment, global market expansion and accessibility..

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=13139&type=smp

Ostomy Devices Market Major Segments
The ostomy devices market covered in this report is segmented -
1) By Product: Bags, Accessories
2) By System Type: One-Piece System, Two-Piece System
3) By Surgery Type: Colostomy, Urostomy, Ileostomy
4) By End Users: Ambulatory Surgical Centers, Hospitals, Home Care, Other End-Users

Key Driver - Rising Colorectal Cancer Incidence Fuels Growth In The Ostomy Device Market

The high occurrence of colorectal cancer is expected to propel the growth of the ostomy device market going forward. Colorectal cancer develops in the tissues of the colon or rec*tum. It involves the uncontrolled growth of abnormal cells in the lining of the colon or rec*tum, forming tumors that spread to other parts of the body if not treated early. The higher occurrence of colorectal cancer cases translates into an increased need for ostomy surgeries, and ostomy devices assist patients who have undergone surgical procedures for colorectal cancer by facilitating waste collection and the effective management of bodily functions after surgery by attaching to the stoma. For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, colorectal cancer cases increased from 149,500 cases in 2021 to 153,020 cases in 2023, reflecting a growth of 2.35%. Therefore, the high occurrence of colorectal cancer will drive the growth of the ostomy device market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=13139&type=smp

Prominent Trend - Innovative Materials Revolutionizing The Ostomy Device Market For Enhanced Comfort And Skin Health

Major companies operating in the ostomy device market are developing innovative materials, such as skin-friendly materials, to reduce the risk of skin issues from prolonged device contact and gain a competitive advantage in the market. Integrating skin-friendly materials into ostomy devices involves incorporating non-irritating materials to minimize the risk of skin irritation, allergies, or discomfort arising from prolonged contact with the device. For instance, in June 2021, Welland Medical, a UK-based manufacturer of ostomy bags and accessories, launched a new ostomy pouch range, Aurum Plus, a newly designed ostomy pouch with skin-friendly hydrocolloid material that includes manuka honey. It provides wound-healing and antibacterial properties to the skin around the stoma. It incorporates body-hugging comfort curves to provide comfort and help reduce the risk of the outlet twisting, which can obstruct urine flow.

Ostomy Devices Market Players
Major companies operating in the ostomy devices market report are 3M Company, Henkel AG And Co. KGaA, Avery Dennison Corporation, B. Braun Melsungen AG, Smith & Nephew plc, Coloplast Corp., ConvaTec Group PLC, Hollister Incorporated, Porex Corporation, Perma-Type Company Inc., Dansac UK, Salts Healthcare, Zhejiang Longterm Medical Technology Co. Ltd, Vonco Products LLC, Angiplast Pvt. Ltd., Scapa Healthcare Ltd, Welland Medical Limited, Flexicare (Group) Limited, Marlen Manufacturing And Development Company, Advacare Pharma USA LLC., Nu-Hope Laboratories Inc., Torbot Group Inc., Genairex Inc, ALCARE Co. Ltd., OxMed International GmbH, Cymed Inc, Schena Ostomy Technologies Inc., Sarasota Medical Products, Safe N' Simple LLC , Wuhan Sitaili Medical Apparatus Development Co. Ltd

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/ostomy-devices-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the ostomy devices market in 2023. The regions covered in the ostomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ostomy Devices Market Report Structure
3. Ostomy Devices Market Trends And Strategies
4. Ostomy Devices Market - Macro Economic Scenario
5. Ostomy Devices Market Size And Growth
…..
27. Ostomy Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.