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Incontinence And Ostomy Care Products Market: Major Key Players, Growth And Analysis, Forecast To 2033
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.Incontinence And Ostomy Care Products 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 $20.55 billion In 2028 At A CAGR Of 5.5% :
The incontinence and ostomy care products market size has grown strongly in recent years. It will grow from $15.73 billion in 2023 to $16.58 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to an increased aging population, awareness and education, healthcare reforms and insurance coverage, advancements in surgical techniques, and patient-centered care.
The incontinence and ostomy care products market size is expected to see strong growth in the next few years. It will grow to $20.55 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to rising chronic disease burden, expansion of home healthcare service, personalization and customization, global market expansion, digital health technologies, and shift towards value-based care. Major trends in the forecast period include technological advancements, digital health integration, collaboration and partnerships, quality improvement initiatives, and education and awareness campaigns.
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Incontinence And Ostomy Care Products Market Major Segments
The incontinence and ostomy care products market covered in this report is segmented -
1) By Type: Incontinence Care Products, Ostomy Care Products
2) By Disease Type: Crohn's Disease, Ulcerative Colitis, Cancer, Diarrhea, Urinary Incontinence
3) By Application: Protection And Cleansing, Security And Leakage Control, Odor Control, Other Applications
4) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings, Other End-users
Key Driver - Rising Popularity Of Recreational Activities Fuels Snowmobile Market Growth
The increasing incidence of digestive disorders is expected to propel the growth of the incontinence and ostomy care products market going forward. Digestive disorders refer to a broad range of medical conditions that affect the gastrointestinal (GI) tract, which includes the organs involved in digestion and the processing of food. Common digestive disorders include gastroesophageal reflux disease (GERD), irritable bowel syndrome (IBS), and inflammatory bowel disease (IBD). Digestive disorders are rising due to factors like changes in diet, lifestyle, stress levels, and environmental factors. Incontinence and ostomy care products are utilized in digestive disorders to manage symptoms such as fecal or urinary incontinence, particularly following surgery or during severe cases. For instance, in June 2023, according to Crohn's and Colitis Canada, a Canada-based nonprofit organization, the number of individuals affected by IBD in Canada is projected to increase from 322,600 (0.8% of the population) in 2023 to 470,000 (1.1% of the population) in 2035, with diagnoses expected to rise from 11,000 (1 every 48 minutes) in 2023 to 14,000 (1 every 38 minutes) in 2035. Therefore, the increasing incidence of digestive disorders is driving the growth of the incontinence and ostomy care products market.
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Prominent Trend - Innovative Advances In The Incontinence And Ostomy Care Products Market
Major companies operating in the incontinence and ostomy care products market are intensifying their efforts to develop advanced products, such as soft convex ostomy systems, to gain a competitive edge in the market. Soft convex ostomy systems are specialized medical devices designed for individuals who have undergone ostomy surgery, where a portion of the intestine is brought to the surface of the abdomen to create a stoma. For instance, in April 2024, Convatec Group plc, a UK-based medical device company, launched Esteem Body with Leak Defense in the US, a new one-piece soft convex ostomy system designed to provide a secure, longer-lasting seal and prevent leaks. The product features a range of soft convexity combinations to adapt to different body types and stoma shapes, along with gold-standard adhesives to protect the skin and prevent irritation. Esteem Body with Leak Defense is part of Convatec's comprehensive ostomy care solutions, offering innovative features to enhance comfort and confidence for ostomates.
Incontinence And Ostomy Care Products Market Players
Major companies operating in the incontinence and ostomy care products market are Cardinal Health Inc., Medtronic PLC, Medline Industries Inc., Kimberly-Clark Corp., Becton, Dickinson and Company (BD), Essity AB, B. Braun Melsungen AG, UniCharm Corporation, Smith & Nephew PLC, Domtar Corporation, First Quality Enterprises Inc., Coloplast AS, Teleflex Incorporated, Hartmann Group, ConvaTec Inc., ONTEX International N.V., Hollister Incorporated, Abena AS, C. R. Bard Inc., Salts Healthcare Ltd., Attends Healthcare Products Inc., Torbot Group Inc., TZMO SA
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Largest And Fastest Growing Region In The Market
North America was the largest region in the incontinence and ostomy care products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the incontinence and ostomy care products 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. Incontinence And Ostomy Care Products Market Report Structure
3. Incontinence And Ostomy Care Products Market Trends And Strategies
4. Incontinence And Ostomy Care Products Market - Macro Economic Scenario
5. Incontinence And Ostomy Care Products Market Size And Growth
…..
27. Incontinence And Ostomy Care Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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